This stock still has some blood to give. However keep an eye on the Hourly RSI. If it drops quickly it should kick in around 7.35. If it trades sideways and slow bleeds It should be an automatic buy at 7.00. This will be brief though you should get a nice 5% - 10% bounce but then look to get out again.
Potential landing spots for APH looks to have a good level of support around 12.50. If we see a bounce here this would be a good area to buy. However I would feel safer buying back around 12.20.
CRON afterhours has seen the stock jump 20 cents USD. This is a good sign however I am seeing a rejection at the 76% fib line and declining bull volume to end the day and that is usually a bad signal that this stock has ran out of steam. With news tomorrow this could see the stock jump or like CRON has done in the past with earnings sink. The last release of the...
If you look at the hourly RSI this is where the last drop occured. Like APH this appears to be the top of a wave. Above average Bull volume to end the day looks like we will get another test of 33.50 however I dont think it breaks here. It should restest 32 and try again however If it doesnt hold this time it looks like it will move back to the 30's. Safe play is...
This is looking like the top of the next wave for this stock. There was nice Bull volume in the last 5 minutes which should lead to a decent open however after looking at the two candles that rejected around 12.35 and the full red on the hourly it makes me believe that this is the top of the second wave. There is support at 12.00 where it could make another run...
Not much room to play here however. I expect APH to move with the market, when its up we should move towards 10.20 where we have now rejected twice. When its down it should move towards the low of 9.70 with the potential to see 9.50 again. AI have noticed the SPY will give you a good 10 mins heads up to get in or out of a trade. When you see the SPY dump get...
I expect ACB to move with the market, when its up we should move towards 8.30 where we have now rejected twice. When its down it should move towards the low of 7.70. AI have noticed the SPY will give you a good 10 mins heads up to get in or out of a trade. When you see the SPY dump get out, when you see a big Green buy. I was also able to get out of an APH trade...
If you look at my big blue arrows you will see the other channels this has gone through. These usually last 3-4 waves. I expect weed to move with the market when its up we should move towards 31 where we have now rejected twice. When its down it should move towards the low 27's. After the 3rd wave expect a big impulse in one direction or the other. This should fit...
If we can get some decent volume back into the sector you can expect this one to move. 7.95 and 8.00 will be tough to break but the next resistance is around 8.25 followed by 8.50. After that it can run back into the 9 and 10.00 range. Markets closed strong. MJ sector closed strong. ACB had a good 3 afternoon with its last 3 candles all closing at the high of the...
Markets closed strong. MJ sector closed strong. APH's last hour although not huge closed was a full green bar with a nice buy in the morning. Sitting right on a daily support this one looks like it would be a great buy at open. Low risk as 9.77 has held 18 times on the hour. If you were getting into APH this would be the floor. We have traded from 9.77 to 10.15...
Markets closed strong. MJ sector closed strong. WEED stock shot up 10 cents in the last 5 minutes and closed on a full green candle. All of this is pointing to a strong open. Heavy resistance from the 200 Hour MA at 29.80 and 30.05 where the 50 day MA sits. With the markets looking like a strong open I expect us to test it early. The next big test is 30.55...
Since we are at the Mercy of the market and are delayed a bit behind the SPY. I expect a nice strong open tomorrow morning. Spy went on a heater the last 5 mins and had a big 60 cent buy. We closed right on a support as well as the bottom of the channel we have been following. As I see it we should see a gap up and start to make our ascent upwards. If this happens...
Since we are at the Mercy of the market and are delayed a bit behind the SPY. I expect a nice strong open tomorrow morning. Spy went on a heater the last 5 mins and had a big 60 cent buy. We closed right on a support as well. As I see it we should see a gap up and start to make our ascent upwards. If this happens our worst case scenario should see at least a 25%...
Since we are at the Mercy of the market and are delayed a bit behind the SPY. I expect a nice strong open tomorrow morning. We closed right on a support and at the top of our channel. As I see it we should gap out of the channel and start to make our ascent upwards. If this happens our worst case scenario should see at least a 25% recovery tomorrow from the...
I believer WEED might be close to its bottom. Its worth watching at 27.60 as it has bounced here on the daily 15 times since March. Buying in or around here would be smart however I would hold off until the SPY and bigger markets stop dumping. If it continues to drop with the bigger markets look for buying points at 27.60, 26.70 and 26.00. 26.00 should be where...
I expect ACB to continue down tomorrow. It made a good push this afternoon but the bears beat it back down. Like APH I believe this stock will move with the bigger markets. The big move late in the day happened when the SPY was bought from 261-263. The Spy is trading sideways right now but could change for the better or worse. Overall the pressure on the SPY is...
SPY, DOW etc. If they continue to perform poorly then so will Weed stocks. APH has held that trend and just touched the top of this narrowing channel. I have it going down again here. It should find support around 9.80 again before potentially bouncing. Right now the SPY futures are trading sideways this could change over night for the good or the bad. I will...
I expect all of these stocks to start making their own channels here until news breaks. WEED can find support around 28.00. However since the close was very poor I expect it to lose this support and find ground around 27.50. I will be watching this stock here and if we lose this I will be buying big at 26.75. If I had to guess WEED should trade between 26 and 31...