Reigncane

Reigncane

Hitting support. Not good to buy and hold through long weekends for traders, but this one will probably take more than a few days to reach its next peak. Expecting to hold for a month. If it starts to dip, will either sell and re-buy at the second level of support or just add to position at second support depending on RSI Know before you go.

Reigncane

30% target! Should confirm by the end of the day if we are going to get a nice little ride. Its forming a bearish pennant right now. Fingers crossed, but I feel confident in it. Just look at the RSI!!

Reigncane

I'll be buying in when it touches the supporting trend line, but looking to short this tomorrow morning. Lots of activity on HUYA right now, good for day trading!

Reigncane

Will break out if it hits $15.60 , confirming the trend reversal. If it doesn't break out then it will at least test the $15.60 resistance line.

Reigncane

Yes, looks like we have a double bottom - a confirmation of a trend reversal....and a little research into the company, it looks good. Should be a good long term portfolio add, BUT it currently way over bought according to the RSI and I've read and seen play out that double bottoms/head and shoulders typically will trend reverse the same distance from the neckline...

Reigncane

The chart does the talking here, it was over bought, now its over sold.....9% gain is a stretch but the risk is so small it worth the gamble here. My thoughts: Confirmed long above 11.15 Continued short if it breaks out of my channel.

Reigncane

This is what I see happening here. I would be surprised if it didn't rebound off this bottom. Took a small position today but will be increasing when it confirms. NYSE:GE

Reigncane

A consolidation proceeding a long bearish market. The tell tell sign that this chart should hit another spike or have a trend reversal is the bottoming out point is higher on the second consolidation. Expecting a jump within the next 1-2 weeks. Target set to double current price on hype, hopefully we get even half of that.

Reigncane

RSI looking to have peaked and candles have reached the ceiling, should see a nice 5% short coming over the next 1-2 weeks.

Reigncane

Looking good as summer approaches and canada looking to pass their law come end of 2018 summer, if it crosses 1.5 it should confirm the trend reversal.

Reigncane

Looks like we could be seeing a trend reversal here. All of cannabis has been on a roller coaster, but as summer is nearing with the canadian marketing going legal, it may be time to take a position. If this is the bottom before the hype it will prove itself very soon.