WEED - Bearish Divergence
Updated
Dear Traders,
As we can see WEED managed to make a nice run, but as I said yesterday, better not enter because this is a time bomb. And guess what happened. It dropped, and in my opinion it's not ready to go up for some time.
This bearish divergence happens when we have a new high, but RSI shows us a lower high.
It's time for a big retracement people.
Any thoughts ?
Feel free to join my new Discord Channel if you interested in talking to me and others about stocks, info and of course opportunities!
discord.gg/uGsZMS
As we can see WEED managed to make a nice run, but as I said yesterday, better not enter because this is a time bomb. And guess what happened. It dropped, and in my opinion it's not ready to go up for some time.
This bearish divergence happens when we have a new high, but RSI shows us a lower high.
It's time for a big retracement people.
Any thoughts ?
Feel free to join my new Discord Channel if you interested in talking to me and others about stocks, info and of course opportunities!
discord.gg/uGsZMS
Comment
As predicted WEED and ACB were going down because of the Bearish Divergence.Now I expect this selling pressure to continu. Our main support will be the 100ma located at 58.97$.
Comment
Feel free to join my new Discord Channel if you interested in talking to me and others about stocks, info and of course opportunities! [UPDATED LINK] discord.gg/GMHMq8
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