It's not a soft market by any means, but imagine the earnings shot if a hard market shows up!
This chart has been all over the place and I've struggled with it. Looking for a double bottom formation and a bounce for a short trade. Not long by any means. Were year end sales as bad as we think?
I'm still not in on LK although this is a much better but zone. I debated picking up a small amount here, but didn't. I thought about just averaging down for a long position, but then came to my senses and decided to wait. I believe corona is going to push this a lot lower, and if it doesn't, it will need to be reflected in the earnings call. I'm not sold on a...
2/25 is a long time away for earnings update. Board member retired. They will not fill his spot. Now, to try and find the new bottom.
Potentially on the hook for $50mil for backing out of their Falcon deal, HARVEST rallies at the rd out the day to turn positive. Something cooking?
Tomorrow will test recent lows. There hasn't been much for good news for HEXO and I fear it will find old lows.
Profits were immediately taken and this opened way low. Perfect kiss of the FIB right away this morning. Assuming laggy buy orders filled (surprised some???) which caused the initial jump up and trail off the rest of the day. This is a well followed stock and I think it will hold up ok. Expecting further declines.
It well be very interesting to see if the bottom can hold. I'll buy again at these levels of it holds the morning.
GTBIF held nicely in this recent pullback. Bounced off the 618 daily FIB. one of my longs. I didn't expect a break out of the channel as soon as it did.
Sitting nicely on the FIB and trendline but I don't expect it to hold. A much larger reduction than the rest of the sector (strange as we don't see the increases when the sector pumps). I think this level might hold in the morning, but will drop with the rest of the market.
I don't see anything positive coming for AAL anytime soon. They were large, might play a bounce of the bottom before going short
If you're playing CRON, note the alignment of FIB Retrace with monthly levels.
Unable to break through the trendline. Sitting on the 50% retrace. Will watch for a bounce to test trendline again, but expect a break down.
Tough day for APHA - wiped out this week's gains. Their cash influx didn't surprise me, poor timing. Thought the daily trend might hold. Sitting on the 50 retrace. Still bullish.
.236 FIB offering a nice support alongside a weekly support level. RSI is not supportive. Normally I'd love to see this come back down to the neckline and continue upwards, but I'm not as strong as I was yesterday.