Local bottom for Cannabis Index ($MSOS) Reasons for longs: - Head and Shoulders pattern, obvious - Rejection off of 0.5 Fib Level - Chuvashov's fork in play - Volume picking up - Daily gap closed within a day - Hedge against possible forming S&P correction Invalidation: close below Year Open
We hope that you all enjoy this day with some big buys of this stock. We are currently at the bottom end of the trading zone and expect the price to hit prices of CAD 11.45 – CAD 11.93, in the course of the wave in red. A crash is only gets a probability of 33% from us. Puff, puff, pass!
. . . the Beginning of "The Searching of a NQNACE PotStocksBottom" . . .
The cannabis sector has been really beaten down; today some of them are reaching oversold levels. ACRGF could be a potential stock to invest in, if we see a pullback. Specially since it's retreating from a past strong support @$12. Be very careful, oversold can stay oversold for some time. (Same goes for overbought conditions) Have a great weekend, dorfmanmaster
Part of the canna coin pot coin has been replaced with TKS tokes all charts in 1 day format, so trends added for break outs and buying confirmations