I had hypothesized earlier that hempco could find support at previous resistance level after being in a very harsh downtrend. now blasting upward through resistance on news of Aurora cannabis's investment, showing that the bulls are still very much alive.
Comment:
Here is another snap of the 1 minute graph. This is a classic consolidation pattern seen in high volatility markets like marijuana and crypto.
Were seeing consistently high volume now in a short term upward trend. Theres a very strong chance that there is another gap up in tomorrows price action
Here is another snap of the 1 minute graph. This is a classic consolidation pattern seen in high volatility markets like marijuana and crypto.
Were seeing consistently high volume now in a short term upward trend. Theres a very strong chance that there is another gap up in tomorrows price action
Short term bull flag on big trading volume. Consolidating and potentially looking to make a move higher if volume is sustained