Barkworth

Barkworth

Since yesterday, we can confirm a falling wedge.

Barkworth

Expecting $12M to $15M, which would be very good indeed, but investors don't understand Cronos' business model. Are we looking at a WXY, or will the Y morph into a motive wave? Everybody expects that drinks are where the money is. Do we really want to be long smokes? Dunno... just saying.

Barkworth

Broke out from a large base, should still have some juice in it. Target around $75.

Barkworth

Looks like we're ranging after all... Looks fragile, but oversold at the same time. Yet, indicators are useless for at time, after a spike, as it distorts the averages that are used to calculate them. Bears are looking for $15. This is the year of cannabis though. Caution!

Barkworth

It is tough to trade an asset that recently made a new ATH. There are no hourly resistance and support levels, so you're going blind. The volatility comes on top of that. There is no need to make a lower low. Minute 4 could be in, but at the same time, price action looks corrective. I just made a sketch to illustrate what I see, but this could break out directly...

Barkworth

Corrective waves. Possible target. Looking for a retest of previously shattered resistance. Will it provide support?

Barkworth Updated 

Range broke. So no range. Downgraded to neutral yesterday, so institutions are out of shares to feed us. Pennies away from daily MA21, super bearish close, so likely to see more downside. MA21 could provide a reasonable bounce, but only if she finds demand there. If not, the MA50 at $17 could be next.

Barkworth

Above R1 after hours, successfully retested. 32% short float. Squeeze right into my pockets please. Good luck tomorrow, everybody, and a big high five if you had the balls to play earnings.

Barkworth Updated 

As discussed on Friday, $TLRY confirms the possibility for a $28-$35 range. Bullish close. We have 3 waves up. Could continue up directly from here (buying into earnings after hours) or consolidate. Earnings will be key to momentum, I suppose. I really don't know.

Barkworth

Two possible paths from here. Blue path needs to see the 1.618 broken. Then we could still see a triangle. Rejection below the 1.618 could mean sideways consolidation or more selling. Levels on watch.

Barkworth

This indicates that they think the rally is over, and quickly raised more cash at investors' expense. When this is used up, their float will roughly be 1.9 billion shares. Question is, what are they intending to do with the money. $800M cash, $1B shelf prospectus. At this point still a company with little value.

Barkworth Updated 

The EW for this asset is neutral right here. This implies that investors are divided, and we need to rely on TA for clues on direction. Post earnings, fell back inside the lower range, after rejection at the bottom of the next range up. Some overhead resistance marked on the chart. Lets see what next week brings. New Jersey is likely to pass the legalisation bill...

Barkworth

I've received requests for this one, and figured to take a look. Anyone with access to seconds timeframe? If anyone has access to seconds timeframe, please share a chart of 1 seconds of that spike down from $3.96 to $1.01. I would love to see how that looks. Please include volume. What do I see? Golden cross on the weekly chart, but a spike at literally...

Barkworth

First one to make a new all time high. She is not the biggest (yet?) but she is the new leader. Which asset will be next to make a new ATH? As proposed for $TLRY, the move is not done, but went a little too fast.

Barkworth

First of all, what a great week this was! We have worked hard to chart and track the moves, ever since the $APHA reverse merger was announced, and anticipated upside. It was phenomenal, the way the waves just kept extending. It was surprisingly easy as well. Any trading mistake we made, was forgiven and rewarded with a higher high, all the way until we saw that...

Barkworth Updated 

Above $13.32, this wave could be in play. If she rallies, upside targets marked with FIB extensions. Lets see what happens today. Technically, I don't want to see it lose yesterday's low.

Barkworth Updated 

Trying to recapture the hourly MA8, could be the first sign of a bounce... Yesterday's price action was to be expected, after a move up in a similar fashion. She still looks bullish in the higher degree.

Barkworth

We will see if she is ready for continuation, when she retests the diagonal today.