McGuireTO

07:31

McGuireTO

CYBN remains in a choppy pattern after a big volume bull break and then an even bigger volumr 18% sell-off. There's a big range on this that I anticipate will tighten up for a while unless bears show up first thing next week and break 7.30ish and 7.11 supports. In the entire psych sector, this daily chart is the closest one to breaking down and has the most...

06:48

McGuireTO

MNMD is looking good on the daily chart for a bull break from it's currently daily equilibrium, but it still remains far from it's weekly and monthly resistance levels that ATAI has already cleared. I do anticipate MNMD to benefit from the GO signal from ATAI but the additional overhead supply may remain an obstacle until we get through it, either through...

06:03

McGuireTO

CMPS crashed two weeks ago down 50% on market reaction to initial readout for an ongoing trial, and has since bounced 55%. I bought the dip at 2.61 inside an hourly equilibrium with a close by stop and now just letting this position play out, hopefully for months as I anticipate hype to return to the sector now that ATAI gave the GO signal we've been waiting...

06:23

McGuireTO

ATAI had a big breakout last week on positive market reaction to news, and is trading at the highest levels in 3 years. This is the first monthly trend change in the history of this stock (and maybe even the psych sector!) and I'm anticipating this to continue playing out as hype slowly returns to the sector. this is a small cap and a little volume on this can...

09:27

McGuireTO

Red flags 🚩for sector bulls with daily bull breaks getting smacked down. Eyes on support tests and hourly lower highs on the next bounce.

12:02

McGuireTO

Watching how much followthrough the current bounce can get in order to determine the probability of forming a higher low on the next consolidation vs the probability of rolling over into lower lows and deeper weekly consolidation.

10:18

McGuireTO

Sector has bounced from the supports we were watching last week. The question now is can the bulls followthrough with this bounce to give them favour for weekly continuation or will the bears step back in to force a daily downtrend?

14:16

McGuireTO

Pivoteering the market as we look to be on the verge of the first consolidation in a few weeks

13:50

McGuireTO

Some key support tests across the sector first thing tomorrow, aside from VFF, which looks to test resistance first thing. Take a look at the weekly charts, these setups are very different from one another.

13:51

McGuireTO

The disappointment from yesterday has followed through today. Most names are looking at support tests first thing tomorrow; VFF on the otherhand is looking at a resistance test. Take a look at the weekly charts on these names, some are much stronger than others..

14:53

McGuireTO

Very different setups across the major names. VFF and APHA more bullish, ACB and CRON with weaker candles, and CGC still struggling with its post-earnigns hangover.

11:54

McGuireTO

It's good to be back! Most major names are in strong hourly uptrends but in different positions on their daily charts. CGC is weaker, VFF CRON and APHA are stronger, ACB and TLRY are somewhere in between. Bulls not in position are patiently waiting for hourly pullbacks to go long and bears not in position are waiting patiently for clear topfish levels -...

14:54

McGuireTO Updated 

CGC appears to be in a Wyckoff pattern after a significant downtrend for all of 2019. In this video I examine if we're looking at a pattern of accumulation (bull thesis) or distribution (bear thesis). Factors supporting Accumulation: - Volume on the Signs of Strength days Factors supporting Distribution: - OBV - Chaikin Money Flow - MacD - The presence of a...

20:00

McGuireTO

Lack of any bull moves on the SAFE Act passing Congress means it was already priced in, and bulls who were holding looking for a move, who exited their positions when that move didn't come, was a contributing factor in significant red week we saw, in my opinion. The other factor to be aware of is all the bearish news articles around the vaping illnesses we've been...

19:59

McGuireTO

Bearish week in the sector is having some longer term charts get crushed, but others are much more neutral such as HEXO which has been trading sideways for the past two months. Looking at some potential price targets (NOT buy targets) using the longer term charts if we confirm daily & weekly bear flags this coming week. At this point I believe odds favour another...

03:47

McGuireTO

Watching PYX for a key resistance test, likely to come this week. This is one of my top watches right now. If we lose the daily MBB the bullflag setup is dead and we will be looking back down to a higher low above our $12-ish area of support

19:58

McGuireTO

US MJ names are in a variety of setups with CWEB standing out as the strongest, IAN and MMEN standing out as the weakest, and every other chart somewhere in between.

17:59

McGuireTO

Major Canadian MJ names are largely in similar patterns with notable ACB post-earning weakness. Many of the smaller names are in weaker setups. HEXO is one to watch for a few weeks out from now. CGC bulls have their first shot at changing the daily trend for the first time in many months, and the entire sector will be watching to see if the sector leader can...