It's sort of at a tipping point and I don't think it has the strength to tip upward.
I will probably make a partial reentry anywhere in the circle, then wait for more information. I have it going as low as $.94 but I won't wait that long for my first reentry. If it gets to 94 cents I'll go hard. With legalization on the table, it may not dip so low, but remember that any time a stock makes a really big run, there are a lot of shares out there in the green. Most people like to take profits at some point or another. It's only March, this stock has a long year ahead of it and a lot of time to reach $7 or higher. For now that's my expectation but I'm not rushing back in yet.
Oh yeah.. IF it rides above the rising trend line I will have to watch it like a hawk in case it decides to go on a run. I'm not confident in that, but I acknowledge the possibility. I still don't think we are in emergency mode yet. I think we still have this week and maybe next before we start missing out on runs. Later this week we might see some early surges so I think we just need to "stay calm and due diligence" (trademark).
I will probably make a partial reentry anywhere in the circle, then wait for more information. I have it going as low as $.94 but I won't wait that long for my first reentry. If it gets to 94 cents I'll go hard. With legalization on the table, it may not dip so low, but remember that any time a stock makes a really big run, there are a lot of shares out there in the green. Most people like to take profits at some point or another. It's only March, this stock has a long year ahead of it and a lot of time to reach $7 or higher. For now that's my expectation but I'm not rushing back in yet.
Oh yeah.. IF it rides above the rising trend line I will have to watch it like a hawk in case it decides to go on a run. I'm not confident in that, but I acknowledge the possibility. I still don't think we are in emergency mode yet. I think we still have this week and maybe next before we start missing out on runs. Later this week we might see some early surges so I think we just need to "stay calm and due diligence" (trademark).
Comment:
I was dreaming of $.94 and I got $.93 so I was pretty stoked. It's now sitting at $1.14 and I've got a sell target of $1.40. I think the price has a good chance of continuing upward through the blue channel with increased volatility over the coming weeks.
Comment:
I have once again re entered at $1.25
