no entry for me yet, but feeling bullish. watching marijuana price action into next week.
in the process of forming handle. anticipating a 15%(ish) move towards $16.
$20+ PT short term. long term $30+. hanging on to 30c 1/15.
weed stocks are on the move with election coming up. price target action and target set accordingly.
need a break of 0.618 fib levels, although it may consolidate in this area before a move higher
earnings this week with the potential to hit all-time highs within the next 15-30 days.
cup and handle failed to push past resistance on October 13. trying again with earnings coming up this week while forming an ascending tringle.
*assuming the market is still strong ✓ cup and handle ✓ macd buy signal ✓ hidden bullish divergence sitting at resistance
heavy resistance in this area, but once we get past 44-ish, $51+ is the goal
looks to be oversold & may be making a move higher to break through the falling wedge.
has had a nice run, should slow down a bit. expecting a gap down. keeping an eye on the trendline.
been waiting for this one... ready to make its move up to earnings
short interest is near historic level.s the squeeze will be lower. bull flag on 4hr chart clear as well.
if market can stay strong, we should see upwards momentum
textbook bearish pennant, not looking good could bounce short term but based on fundamentals, it won't be much