Green Thumb Industries Inc - $GTBIF Chart Analysis (Continued)
TAKE A HIT OR LET IT SIT?
Like most of the cannabis sector, the last couple days of the first week of May oversold than I expected, while hitting all my price targets, it happened faster than expected.
Last Chart Analysis (March 26th, 2022):
This will change my overall look and move the primary cycle 4th and 5th wave (as presented in new chart)
The MACD quickly corrected what was a peak of divergence and now shows a hard sell continuation.
I would expect to see a 3-4 correction here, any price around $10.60 = $10.32 with a chance of going north towards $13.52 for possible PT via correction peak.
Expect hard selling early Nov (if not a little before then) and to continue to sell until April of next year ('23), making $6.02 - $5.60 a possible floor. I would assume chaos if it goes under $5.60
Like most of the cannabis sector, the last couple days of the first week of May oversold than I expected, while hitting all my price targets, it happened faster than expected.
Last Chart Analysis (March 26th, 2022):
This will change my overall look and move the primary cycle 4th and 5th wave (as presented in new chart)
The MACD quickly corrected what was a peak of divergence and now shows a hard sell continuation.
I would expect to see a 3-4 correction here, any price around $10.60 = $10.32 with a chance of going north towards $13.52 for possible PT via correction peak.
Expect hard selling early Nov (if not a little before then) and to continue to sell until April of next year ('23), making $6.02 - $5.60 a possible floor. I would assume chaos if it goes under $5.60
Comment:
Possible $9.30-ish 'kiss' (maybe look for stop loss shares) before 3-4 correction (just an after thought)
