Green Thumb Industries Inc - $GTBIF Chart Analysis
Updated
TAKE A HIT OR LET IT SIT?
On the weekly chart,
GTBIF has flexing big highs and 'Debbie Downer' lows, can the 420 spark enough buzz to get investors back high?
Correction ('ABC' / '12345' Interval Completes) - Now 4th-5th wave, expect divergence via MACD throughout until cycle completes.
With the POC around $9 (history), expect the Middle of May selling to continue into the summer. $13.50 looks like a good mid point, collecting itself before last selling with a final landing zone around $11.60 to a possible $10.50 to finally catch the volume before correction.
On the weekly chart,
GTBIF has flexing big highs and 'Debbie Downer' lows, can the 420 spark enough buzz to get investors back high?Correction ('ABC' / '12345' Interval Completes) - Now 4th-5th wave, expect divergence via MACD throughout until cycle completes.
With the POC around $9 (history), expect the Middle of May selling to continue into the summer. $13.50 looks like a good mid point, collecting itself before last selling with a final landing zone around $11.60 to a possible $10.50 to finally catch the volume before correction.
Note
After today's price action, I believe we just hit 3rd wave of the primary cycle (not our 4th) -- this will move the PT closer to $6 before a final cycle correction opportunity. Giving the original summer to fall leg up, but then selling off until April '23.
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