dburke44

dburke44

All WEED stocks are very hard to read today. No trendlines no news and all other markets are running sideways. This stock can play out in one of two ways. Open Strong and break and hold 12.30 on a retest then we should make another run for 12.75 However since the volume has been pretty week for most of the day and no real news plus a 200 MA on the hourly chart...

dburke44

Closed up 20 cents in after hours on the NASDAQ so automatically that means a GAP up to start the day. It should open around 9.25. The RSI looks good too. 68 currently and the trouble areas have been between 86 and 90. The red flag here is the new 100 mill bought deal at 9,60. These deals are notorious for sending the stock south. It has happened numerous times on...

dburke44

Strong Spy Futures, CRON afterhours seen it close at the high and Good news out of the US. All of this should point to a gap up over 30.00. The 200 Hour MA may cause a bit of trouble at 31.00 but overall I see this stock hitting 32.00 as early as tomorrow. $32.00 was where the last big selloff happened so do not expect it to go down easy. Like the other stocks...

dburke44

ACB is looking good. I am expecting a morning gap up followed by a nice run to about 9.50 where things should bounce. The new support should come in just under 9$ after this. I am already in CRON for the morning but I will be looking to play ACB if it retests 9.00. After 9.50 we should run to 10.00 with maybe a bit of interference at the 200 hour MA at 9.75. The...

dburke44

CRON blasted off afterhours. SPY Futures are up .5% and we had a good news release Friday. All signs point to gap up. However you should be setting an alert for 88 on the RSI scale. The RSI is the relative strength index. Under 30 and the stock is said to be oversold and over 70 over bought. Here is your red flag, the last 9x this stock has hit 88 on the RSI it...

dburke44

CRON has been the strongest of the big 4 this past week. We said yesterday we needed to break and hold 8.30 and we did. Our next hurdle is a break and hold of 8.50. After that we should really take off. As of right now the SPY futures are down a little but are almost at break even. I will be looking to buy back into CRON again at around 8.30-8.35 where the new...

dburke44

Opposite of APH the 100 MA on the 30 min chart was boosting us. However that is slowly moving further and further away. There is very strong support at 7.95 and then 7.85. If we ever hit 7.85 again I would be throwing my entire bank roll at it for a bottom fishing play. The resistance here is between 8.15 and 8.20. The channel is extremely tight and is setting it...

dburke44

Weed is in a battle with the 100 day MA at 28.25 (formerly 28.50). We have taken 6 runs at it in the past week. The good news is every time it rejects the share price drops less and less. We now have a solid support around 27.70. I chose the 15 min chart to show you the candles. Expect WEED to come out flying. The final 45 minutes seen some major green followed by...

dburke44

The same battle of yesterday is still ongoing. We have the Pink Trendline and the 100 MA (yellow crosses) on the 30 min Chart playing tennis with our Share Price. We lost the battle early in the morning and our trendline was forced to retreat a little bit. The open again should tell the tale. The good news is the MA will be a little lower and our Trendline a...

dburke44

I put in a market buy at 7.95 at 3:58 as it is a low risk high reward play. Ill be watching CRON like a hawk in the first 10 mins. A break of 7.85 and I am out however a strong start and a break of 8.20 you have nothing in front of you until 8.50. A potential 50 cent take. After that very little resistance till 9.00 and then your approaching the gap down deal....

dburke44

ACB closed right on a very large support. The 100 30 min MA that has been rejecting all WEED stocks is literally right on top of it. The slightest move up and we could run. A break of 8.20 would also send us straight to 8.50. A break of this could see $9.00. I think this is all contingent on WEED breaking that 28.50 barrier. I say this because when WEED broke...

dburke44

The 30 min chart gives a great tell for this stock. We have a clear trendline up with the pink and a clear resistance with the 100 30 min MA. This MA has literally rejected us every time we touched it the past 2 days. A gap up open would be very big if we open above and retest. 10.25 will be a wall we have to break again followed by 10.60. SPY is healthy, No...

dburke44

A nice sideways day to help with this trend. We are looking for higher highs and higher lows to get out of this down trend To start the morning we need all hands on deck! The yellow line and yellow crosses are the 100 day MA. We have bounced off of it on the daily 5 times in the past. The good news is if this breaks it will become a support. This is at...

dburke44 Updated 

All stocks were up as much as 12% (CRON) while APH was just under 2%. This will be an up hill battle 10.10 has a lot of resistance and so does 10.25- 10.30. The 200 day MA kicks in around 10.65. When we finally clear that its smooth sailing to $11.00 where we should meet some heavy resistance. A clear and retest of 11.00 will be big though as there is nothing in...

dburke44 Updated 

Morning will Tell. In my opinion yes. Weed and the others should drag ACB out. I drew the white and Yellow Lines back in mid March and they have held up until now. ACB did drop back down just inside the channel but a great open should turn that yellow line into resistance. I wouldnt buy this one until that is confirmed. You are looking for a break of 8 and a...

dburke44

After drawing up the APH and ACB chart I noticed an eerily similar channel which I highlighted in Blue. Could this be the next step for APH and ACB? I am willing to bet on it. Ok lets look at CRON. CRON was a beast today. It broke 7 once and the rocketed up a solid 14%. On the low of the day to the high CRON Moved over 20%. I expect this run to continue. You...

dburke44

Weed is looking Really Strong today. We still had to give some blood after the SPY's poor close. Early on we had a direct correlation with the 30 min chart on the SPY. However when the day went on when the SPY went through some mini dumps we didnt even budge. When we finally broke that 26 will we took off. Tomorrow we will meet a similar wall at the 200 day MA. ...

dburke44

CRON is still my strongest rated of the WEED stocks and the only one I would go long on. It has held that trendline very well. Like the others I expect this to open strong. I would set this as a buy here as you are now a good $2.50 past the institutional buy at $9.60. CRON was the one who kickstarted the late volume when it went on its run agood 15 min before the...