Slow curve on MJNA. The idea will be broken if the curve loses it's form and price doesn't go parabolic. Stop at low prices on this curve.
This idea works off that JDST is in a leading diagonal wave 1. Strong internal wave 1, weak 3, weak 5 that makes a new high. I would expect a dip after the triangle completes and the dip price shouldn't go under the stop price. If all these hold true then a new impulse wave should go past the leading diagonal top price. Anything going different would break this...
Overall I'm not bullish on gold and the miners have been losing power on any spot gold advances. Still, miner could find a bounce area then have a limited advance next week. Keep a tight stop. If a dip doesn't happen or the price goes lower than the stop this idea is broken. Price target is a general area.
To me, I got an ABC going up in price starting 3-9-2017. A was the 5 waves up, then B 3 waves down and I feel we're in the final C wave. Big wave 1 in C, small 3 in C then normal wave for 5 C. Wave 4 in C went into 1, but I feel if 1 is extended then 4 can go into 1. Practical charting we hit the 50sma on daily and I think around the 50sma on weekly will cap off...
Cannabis stocks have been showing good wave forms in general. $CANN price action has been stuck in a range for nearly 7 weeks. I feel a break out is possible on an impulse wave. If the wave happens, it may last 7-10 trading days. Fundamentals....good reported revenue and new expansion possible (California news would be best). A new overall cannabis fundamental...
Weekly chart. It hit the $3 daily resistance today. I feel it will break the $3.71 long time resistance. I'd like to see it challenge the $5 resistance on the left of chart circled.
Weekly chart. CANN hit resistance last week and I'm thinking it'll head back to the old support near $1.09. After the retest of $1.09 I'd relook at CANN and see if it goes bullish. It could take out the old $1.94 resistance if bullish.
I'm looking at the weekly chart to make it easier. CBDS hit resistance at $3 today. I expect it to go above the long term resistance of $3.71. I'd like see it challenge the old resistance of $5 that can be seen on the left of the weekly chart.