Based on today's action and a deeper dive into the hourly chart, I tweaked my lines slightly, de-emphasizing the weaker upper angled resistance lines and strengthening the two horizontal lines and the angled support line. I know see this as primarily a horizontal flag action with a heavy uptrend support line also in play. Finally there is one medium-strength...
There are so many things I like about this chart and company, I barely know where to start. But I guess I'll work through it chronologically: You can see the last few steps of it on this chart, but if you look even further back on the chart, you see a clear series of fractals where every marijuana season, KGKG has a big run. However, unlike many scammy MJOTCs,...
The last time we had this high a volume of trading in SIPC, it preceded a massive run. Volume precedes price. It's that time of year and one of the best (IMO) leading technical indicators (volume) is telling us it's time. This builds on top of the accumulation spikes we saw with price-insensitive whales clearing the rather ask recently, in desperation to load up...
MPXEF is now the third largest publicly traded cannabis operation by quarterly sales. Only WEED and ACB have higher sales. It leaves CRON, TLRY, and TRST in the dust when it comes to already-reality sales. It also trades at a nice discount to those other more famous names on a sales-basis. It also has not yet run much this MJ season. If you want something...
I've warned in multiple venues (here, on Twitter, on iHub, and in private groups) to not chase MJ movements at this extremely early stage of the season. (This is true even during peak mania; the only difference is in peak mania you may be rewarded for making a stupid move rather than being punished, which makes for bad and dangerous habits.) These pops in OTC* are...
I like the clean horizontal support/resistance and patterns on this CRON chart. I don't have much to say about the technicals as the news and hype (both positive and negative) are the main factors driving the price here. The technicals are helpful, however, in giving targets for buys and sells trading the news/hype. CRON tanked on a hit piece by Citron...
The KGKG chart is looking really good. First off while it is influenced by the boom/bust hype cycles of MJ season, the downsides are a lot less severe than many because this is a real business with good products and real sales. The clear bottoming on the chart is a full 100% higher than the previous low. You can see the clear fractals of the huge run of an MJ...
MCOA, a star (or was it THE star?) of the 2016 MJ season with 5000% gains is painting a really beautiful pennant setup on the monthly with that 5000% gain as its flagpole. (Pennant TA says an upward breakout of pennant has a target equal to the flagpole height. Flagpole must be high volume and pennant must be declining volume. Breakout must be high volume.) Many...
This FRLF chart is quite a nice technical setup as a foundation for the upcoming hemp/CBD mania in the month of September and possibly extending through the first of January with further ballot initiatives. (Also for some reason, this chart feels like a NYSE/NASDAQ chart rather than an OTC chart, which is a good thing.) We see a strong breakout of the huge wedge....
What is the Netflix chart telling us? I'm not entirely sure. I marked all the trendlines and S/R that I happened to see, but it appears if it bounced off a technical today, it was rejection off SMA50 resistance. What do you see in this chart?
Sadly I got stopped out of my ROKU position with an overly aggressive stop-loss ($43.92), after having longed ($41.52) a flag breakout just below the downtrend line. Second silliness was that I didn't buy the retest and bounce off the former downtrend resistance (now support) line. Right now ROKU is obviously in a little consolidation zone right above the...
FB broke its all-time high (ATH) resistance and is consolidating just above the resistance-turned-support. (There's also a nice little boost of volume, which serves as support, at that level as well.) This is a classic sign of fueling up the engines to make a big upward move, using the consolidation and support as a launchpad. If FB uses the support to breach the...
I drew this triangle some time ago. After it broke below the wedge, I was hoping and thinking it would break back up into it, bounce around, and then break out the top. It is poised for a breakout to the upside that would break out of this rather large triangle. Of course, it could break down as well, but given it's a continuation pattern off of a bull run and...
I was slow on buying this double-breakout of horizontal and downtrend line, so I did half-size market-buy with half-size limit order just above horizontal support (which is buttressed by volume profile order-block support as well). Of course, this breakout is driven by expectation of success in Fox buyout opened up by AT&T Time Warner deal winning court approval.
This shows the BitStamp USDBTC price times 0.00100721 which is amount of BTC held per GBTC share. This price is overlaid with the GBTC price. The candles are the actual BTC price and the line is the GBTC price.
Given the consistent GBTC price premium over BTC NAV, it is important to know current NAV premium and to analyze historical NAV premium, before trading GBTC. This chart shows that.