HEXO
Hexo big pictureIt has high chance to meet log fibo support and 0.5 fibo line at around 5.65 then pull back then fall again to lower fib channel. always look at long history not short histories for example what you see in Robinhood
HEXO, Keep waiting...Keep waiting for a clear MACD reversals if you want to buy. HEXO is testing its support and it's almost oversold... Also, for what it's worth, Hexo got downgaded from Outperform to Perform by Oppenheimer, but analysts are always late to call the shots IMO ... Follow what the trends say!
HEXO BearishHi All,
Here's my HEXO analysis. Solely based on Elliott wave and Fibonacci. Please take my analysis with a grain of salt. All my analysis are biased towards a certain direction from my interpretation of a pattern, volume, and other indicators.
My Current sentiment is bearish. HEXO seems to be developing a 5 wave impluse to the downside. Showing lower heighs and lower lows with a decreasing volume.
I'm still working on my TA so any feedback will be greatly appreciated.
breaking outhigher daily high. 13-14 area looks in range before possible larger pull back $MJ $HMMJ.CA
HEXO closed above the weekly trend line !Looks like this stock could see some follow through this week. First time in a while that it closed over this weekly trend line. I'll keep an eye out for follow through.
Hexo bears coming in hard tomorrow Just finished 5th wave , need to come down for a correction now. targrets posted
Inverted H&S- HEXO Solid Fundamentals are catching up to this Stock. Still not as well known as some of it's competitors and has a strong production capacity and quality product.
Great to see it getting appreciated.
Inverted HS forming on the Daily, I expect a rise to 6.50 USD
Climax Top. Entry 1/4 Position TomorrowMarket Cap
2.86B
Enterprise Value
1.94B
Price/Sales
484.27
I think it is getting a little too far ahead of itself at this point. The Cramer pump is suspicious, especially considering the timing.
The reason I'm only adding 1/4th is because the momentum is still strong, and it could rally up to $20.00.
Quick Opportunity for a short-term upside for HEXO (HYYDF) WEEDWaves might not be perfect but HEXO ( HYYDF ) is due for a pullback. Watch price go up on Wednesday and it will do so in 5 wave pattern. Looking hit $5.00. VERY RISKY trade but could pay off. Not looking to see a major upswing so be cautious. Not a trading advice, only analysis. RSI is oversold on Daily and Hourly charts so time for it to go up.
Happy Trading!
#weed #marijuana #HEXO # WEED #CGC #TLRY
Watching TGOD, OGI, HEXO, and CRON into next weekNice setups on a few names heading into next week
TGOD
S: 3.16
R: 3.41
OGI
S: 5.23
R: 5.65
HEXO:
S: 5.65
R: 6.19
CRON:
S: 7.70
R: 9.08
HEXO - Looking BearishDear Traders,
For those who want to make a nice gain with a short position, you found your target!
Hexo announced in the papers that there will be delays due to a lack of inventory.
In other words = they have a shortage of product = Bearish News!
Friday shows a red candle going through the 100 Moving Average (6.24C$) meaning support didn't hold, and the next support will be located around 5.69C$, 5.22C$ (200 ma) and 5.08C$.
Let's see how this will play out on Monday. But Bears took control.
Keep your eyes on the charts!
If you have any questions or any thoughts, feel free send me a PM or to comment on this TA!
If you'd like to join my Discord Channel to talk about stocks, share knowledge and have a laugh then please send me a PM so that I can link you to it!
Take care!
HEXO UptrendJust learning the charts and trend lines.. Any comments and feedback on this would be nice
HEXO - Reversal Coming ?Dear Traders,
As we've seen HEXO didn't manage to break out and create a run, which isn't a big deal because I only would have entered a trade if I had more confirmation such as Volume and Momentum. Instead, we got a retracement, which is about to reverse in my opinion.
Have a look at the chart, as we can see we have a lower low price wise (RED ARROW) but in the RSI we are looking at a higher low (GREEN ARROW). This is a Bullish Divergence and this could give us an indication that this downtrend is about to reverse to an uptrend. HEXO is a well established company and they're future is bright.
The Bullish Divergence isn't the only thing I see on the chart, I also see that we have some support trace by a horizontal red line. This might just be a perfect entry to enjoy a reversal run.
This run will encounter Resistance points at: 6.83$ / 7.00$ / 7.37$
Keep an eye on the charts on monday, this could be a nice little rid if the bulls are pushing enough.
Any Thoughts?
