Trading below yesterdays low could initiate a sharp selloff - the last Support could be the EMA 200. On the other hand has the anticyclical countertrade a very nice chancersik Ratio with a sl near below yesterdays low or the EMA 200
After the pump comes the dump :-) Mara reached the next trading mark: We are trading near the Support, based on former lows. Breaking through that supportlevel @ 0.61 CAD means aiming the area 0.35-0.40CAD. If the Support will be bought, perhaps we see a tiny countermove up to 0.8 CAD. The Chart only brightens with trading > 0,8 respective 0.93 CAD
There are two clear tradingmarks: 0,40/ 0.45 Trading above the bigger resistance @ 0.45 could accelerate the tiny upmomentum with a first tp @ 0.54 respective 0.58 Trading below 0.40CAD means aiming the next Support @ 0.32. Below that Level it should be "selloff"-time
The mega upmove is still consolidating, the 0,5 fibo (normal correction) stopped the downwave. Now i see two clear trading marks: -Long > 1,4 -Short below 1,0 The anticyclical risk-Lover (shortie)could think about Fixing the actual Level wita sl near above 1,4 and tp 1,1 Cheers :-)
The hole cannabismarket is consolidating since aril 17. Yesterday we have tested the former Breakout-Level - this is the Make-or-Break-Level @ 9.75. Trading above that Level is a Kind of Liberation. Will the present downtrend continued, a test of last weeks low should be exspected. Breaking through last weeks low @ 9.11 coould initiate a further downwave.
Trading below 0,24CAD could initiate a further ugly sellingwave down to 0,17CAD. On the upside are several resistances ahead 0.28/0.32/0.37...
Have a look at These two Charts - Will a break through the EMA 200 cause a similar selloff like three years ago? chart 2014: chart 2017:
The EMA 90 (38,2 fibo) was bought, the RSI is confirming that Szenario and made a Kind of buying Signal. On its way up to the March-Top are based several resistances, the fibo Levels. Trading below 14$ would destroy the weak bullish Sentiment
After the Break of the multiple tested supportlevel@ 9, 5CAD the stock gained downdynamic - the obligatory retest of this Breakoutlevel last week initiated an acceleration of the downmove. But where will this downmove end? Yesterday we not only kissed the EMA 200 - we closed below it! This is a very negativ technical signal in the midterm/longterm view. The RSI...
OGI has a really nice longterm uptrend. The chart is still bullish in the longterm view. Since the RSI made a selling Signal, OGi is searching for a bottom. Now we have reached an interesting Pivot Point which is based~ 2,35-2,5. Perhaps this Level could establish a bottom because short below that Level is based the EMA 200 - here some buyers should perhaps wait...
ZYNE midterm Performance was strict bullish. We played a nice 1-2-3 game since May 2016 - but last week ZYNE broke through this uptrend, the upmomentum is getting weaker. If we could trade above 18,26, the Chart remains bullish , below that Level a trendchange could start. The yesterday reached Level is an interesting trading Point: Why? 1. At the...