Someone is really interested in Broadcom (semiconductors) I'm still uncertain about the market trend, looks bearish to me so we have to be carefull.
It's very interesting to find that since last year's drop, market has recovered exactly to the FIB levels. First reached 0.618, retraced. Then around July reached the 1.618 mark and sharply retraced. And finally we have reached the 2.618 FIB extension mark and everything seems to point to a new reversal, maybe this time closing near the 200 EMA.
HEXO just gapped in the pre market now it's holding close to the $8.56 mark. If it breaks this level with good volume, it could find little to no resistance gapping to the upside, next stop $9.16 making about 7%.
My previous technical annalysis for SNDL still intact. SNDL is outperforming other pot stocks such as TLRY and APHA with a HUGE volume (300M) equal to about 3x the 10 MA, and about 10x the volume from TLRY and APHA, representing a 30% of SNDL market cap. Volatility is extreme, I anticipate a high chance tomorrow will open gapping in green and final short-squeeze...
BLNK has been gapping since March 5th and now it's trying to break a key resistance. Watch for clear indicators!
Recently BA has reached the TP1: $132 and later on TP2: $252 following the trend lines, in different waves. Now it broke the ascending wedge for briefly and retraced, but on a closer view we can see a double bottom in another ascending wedge formation. BA could either reach $155 and retrace, or if it finally breaks up it seems to have little resistance until the...
Similar to my HEXO analysis, if SNDL follows the trend this could be a nice bet. Due the lack of fundamentals, I still prefer APHA first and TLRY second for the long term and with huge potential as cannabis industry is denifintely positioned in a good spot.
HEXO is following same patterns as the rest of the cannabis big players, aka APHA and TLRY. Cannabis is being legalized and seems to me like a huge wave is approaching. I expect HEXO to follow the trend, and being a more volatile asset it could reach TP2, then retrace to finally make it to TP3.
FSLY looks interesting, it has reached a recent LOW and a support level, now it could bounce back at it's TP or even new ATH. Following days will be key to determine where it could go. Good luck investors!
Price-action and volume getting interesting for TLRY, it's seems to be in a peanant which I presume it's bullish because two factors: - TLRY could be a good long term stock because the cannabis legatization, plus APHA merger - It has recently reached the highest high since 2018, roughly $76 I will be following this one and APHA closely, this could be the...