Not Trading Advises. only for learning. Appreciate feedback and criticism I think Aurora is in a upward trend to its ATH price range based on the following: • HH & LL • RSI showing positive signals and positive momentum • Volume increased • Structure/Support at $9 Cad, not sure how strong the support is, and if the support is hold at $9, i interpret it as bulls...
I think Aurora will do a wave 5 up. After the first report Aurora look like to have a strong future. And with pension founds and other institutional investor starting to pick up Aurora shares i think the SP will start to reflect it. I hope it will be a steady climb as it for me represent a shift in sentiment and a new type of buyer have come around. Changed...
I think Canopy Growth will retest its support in the coming weeks. Much based around the accounting error and no short term catalyst to move the SP higher from a already high SP, price near ATH. I think Canopy Growth will find support around $48-55 Cad or as low as $40 Cad, depending on more factors then only Canopy. And with positive news around the Cannabis...
I believe the majority of cannabis investors are retail investors with low knowledge about the market and there company(s) of choice, with a hope of becoming rich fast and without pain. I see reports about cannabis investors that says investors are young people, and talks on yahoo about young investors in the cannabis space. I have followed the charts closely...
Entry: 24168. off 9days MA Exit: 23241 right in the middle of structure. SL: 24924 or closer depending on strength Technical: 6 Fib retrenchments around .3-.6 levels Touched support turned resistance. Levels for test: 22579-23880 Lowest test level: 21688 Fundamentals: Continued volatile market Uncertainty about the economy`s health and system Trade deal...
As oil price have crashed the latest month, will it keep falling or bounce back. Oversold- Oil have been over sold since the start of the fall. Is this the bottom or just first rest. If oil reverse or keep going down in the 40´s . if oil should fail to break 54.48 - 55.0 i see oil hitting lows on 2017 at 42$. If however oil break the trend it should trade around...
Pro´s for bull breakout: 1. Up trend and retraced the drop in 2018. Uptrend from mid 2018. 2. Fed going more Dovish. The dollar big moves have been motivated by FED rate hikes as most other countries have not hikes their rates. And been move dovish. And strong American economy have helped the dollar, and strong markets in the US. 3. Us markets is going down....
I believe EURUSD is going to retest the 1.12 levels before turning bullish, because of all the negative news coming out of EU right now, with BREXIT, Italy and France. And we test the 1.12 support level before going back to 1.15. I think the negative sentiment on EUR will fade under the 2 first month of 2019. Italy will be resolved and Brexit will have clear...