Ron-V

Ron-V

It's just up to yesterday's tricks again...notice the extremely bearish reversal candle on the one hour.

Ron-V

It ain't perfect but they never are.

Ron-V

Published in real time....find your own confirmation before you buy!!!

Ron-V

I am still very optimistic in regards to where ACB is going in the very near future, and I personally believe Monday might bring some admittedly needed, but nonetheless positive momentum. Here are several reasons why: 1.The reaction to the trend-line hasn't changed since the beginning of the year, and that point re-emphasized itself earlier today. 2. The bears...

Ron-V

Well of course the trend is our friend, but what I'm asking here really amounts to this. Is the trend support, or is support support? Our support line is about 8.36, but a stronger case can be made that the trend line has acted as support given the number of times we have seen the price react to it. What makes this so interesting is that we are running out of real...

Ron-V

In light of recent woe 's, and Tim Sloan's recent retirement "Wall Street’s most bullish Wells Fargo & Company (NYSE:WFC) analysts are predicting the share price to blow past $66 per share during the next 12 months. The current median share price forecast by them is $56, suggesting that the stock could increase 14.8% in that time frame. The average price target...

Ron-V

Not knowing much about this company fundamentally, all I can do is comment about what is on the chart since I just stumbled upon it yesterday. In any case it bounced off of 17.34 today which appears to be a minor point of resistance looking left. And though it is at the top of the Bollinger Bands it looks like there is plenty of room for expansion. The RSI is...

Ron-V

I find it odd that after ACB, Aphria, and Wayland Group were chosen Friday to cultivate and distribute medical marijuana in Germany, only Wayland Group (who happens to based in both Canada and Germany) got a boost, and a big one at that. Or did it? When I looked at the chart I was startled to see it was short lived and now is but a great big red candle with a...

Ron-V

The RSI is just above neutral, technically considered to be the bullish side, and the STOCH appears oversold and rising, and the MACD though not bullish is rising as well. On another note the price has risen during week-end after hours so we will see ACB open with an .02 up gap that has already been filled by Friday's wick. All that, plus Fridays good news about...

Ron-V

Looks Ready for a bullish cross any time....who know maybe first thing in the morning (or not but it's getting hot). When the RSI crosses the neutral zone (50), it should go bullish and there is a lot of room to the top of the BB's. This could turn into a great swing trade so keep your eyes on it folks.

Ron-V

Just poking around looking for something to get into in the morning and bumped into this setup. Looks like a beauty for a Monday morning entry....even what looks like consolidation is trending upwards. Watch volume in the AM to see if it continues in the same direction.

Ron-V Updated 

It looks like this retracement should bring us down to about 150 ish. This would be healthy buy zone, then back up we should go...at least several dollars above the last high wick (maybe more). But a drop into the red zone (with the confirmation of a closed candle) would signal the likelihood of a complete reversal and would nullify what I just said. This is not...

Ron-V

Remember I said yesterday that this stock has had the habit of moving up when the RSI was in the neutral area (50 ish) since it entered the current channel? Well another member of the ACB community commented and said he had found a new channel and thought that we may in fact be trending sideways for now. In any case It dawned on me to look at some other...

Ron-V

Ford closed with a lot of profit taking but it still shows no signs of slowing down. Up .04 since the daily close. Will we have another green day tomorrow? After a 5 year down trend who can say no to these prices anyway, especially with a bullish outlook of $17.00 in the near future and a dividend of 6.7% ? I'm in, are you?

Ron-V

I think some positive things are being overlooked here. 1) We have already retraced from the last substantial low and the last few weeks were the worst of it (IMO). 2) The gap has been filled. 3) We are still in the same upward channel. 4) We are hugging the 20 day MA and even though we are below it we closed with positive volume. When in doubt look...

Ron-V

You can look at it and long it any way you want. You have a Bullish Piercing Line candlestick pattern on Coinbase and a Bullish Harami on Binance. You can see that a trend line tool would place a bearflag breakout on either....indicators are turning (not turned) bullish. Any way you slice it retracement is over and if you don't long it soon I'm going to mark you...

Ron-V

Look what the whales at Binance did today; what a squeeze ( inside a 1 minute candle )....OUCH! And take notice that nobody can say anything about Coinbase. Keep these little things in the back of your mind, and over time you may find yourself at odds with what you hear people saying about the different trading platforms. It makes a big difference in your bank...

Ron-V

How to grow your position: Short, wait for red candles to grow, buy back, wait for green candles to grow, do it all over again ad in·fi·ni·tum; I LOVE IT!