GOOD AFTERNOON FELT LIKE UPDATING THE CHART. STILL NOT A LOT OF CHARTING LOGISTICS TO REALLY PROVE A PATTERN BUT HERE IS MY TAKE. TODAY PROVED THAT THE STOCK HAD ENOUGH MOMENTUM TO SWING THE TREND OF THE STOCK. WITH THE BUZZ OF A POSSIBLE NASDAQ LISTING AND THE NEW 60,000 KG OUTDOOR GROW OPERATION THAT WAS A HELP. WE ARE SEEING A SELL OFF PATTERN TODAY IN THE SAME ZONE AS WE DID IN SEPTEMBER @ THE 3.34 RANGE SHOWING THAT THE STOCK HAS STARTED ON ITS WAY UP TO TEST THE 4$ LEVEL. I NOTICED A PATTERN IN THE GAPS LEADING UP TO THE ORIGINAL UPTREND WHICH WERE THAT THE FIRST 4 ALL LED TO BULLISH INCLINES UNTIL REACHING THE FINAL 5TH WHICH HAD THE HIGHEST SELL OFF, THE STOCK FELL AND PATTERNED INTO CONSOLIDATION WITH A BREAK TODAY AGAIN STARTING WITH A GAP. WE BROKE ABOVE THE 26.3 % FIB LEVEL LANDING ON IT BY THE END OF THE DAY STILL PROVING BULLISH. IF THE STOCK REST ABOVE:
3.16 -
3.09 -
3.03 - THESE WOULD ALL INDICATE A BULLISH TREND TO THE 4$ MARK OR 3.93$ FACTORING WHEN A POSSIBLE SELL OFF WOULD OCCUR
ANYTHING UNDER 3.03 WE WOULD BE AGAIN GOING DOWN TO TEST THE 2.80 LEVELS FOR THE REST OF THE WEEK LEADING TO BEARS.
WITH THE MOMENTUM THIS MARKET HAS DURING THE WEEKS LEADING UP TO THE LEGALIZATION I DON'T SEE WHY WE WOULD HIT THAT 4$ MARK.
THANKS
3.16 -
3.09 -
3.03 - THESE WOULD ALL INDICATE A BULLISH TREND TO THE 4$ MARK OR 3.93$ FACTORING WHEN A POSSIBLE SELL OFF WOULD OCCUR
ANYTHING UNDER 3.03 WE WOULD BE AGAIN GOING DOWN TO TEST THE 2.80 LEVELS FOR THE REST OF THE WEEK LEADING TO BEARS.
WITH THE MOMENTUM THIS MARKET HAS DURING THE WEEKS LEADING UP TO THE LEGALIZATION I DON'T SEE WHY WE WOULD HIT THAT 4$ MARK.
THANKS