This one seems like a bit of a no brainer for a 40% move before retracement.
10 day MA has flipped from resistance to support
RSI is telling a similar story
Volume has increased steadily over days
Sell when it touches the 'first trouble area' in the nearest overhead resistance.
Invalidated if it dipped back down to the local support, or 10 day MA failed to...
FSD Pharma looks like it is in accumulation, before a move upwards that could reach as far as the local resistance 'first trouble area' before retracing back down - there would need to be significant upswing in buying volume to go further than that.
Bollinger Bands looks awfully similar to how they did in July 2018 shortly before accumulation and...
This screencast is on several companies that are largely Canadian in origin, who are involved in developing medical uses of marijuana. This is a legitimate business in Canada.
I am not promoting anything legal or illegal. I have no relationship to these companies. I am not currently a shareholder in any. I am simply sharing information that may or may not be...
The Canopy Growth Corporation (WEED) stock has been trading at the top of its price channel for many weeks now, will it continue to keep up the strength, or will we see some short term dips in price?
This is my forecast for the next few months.
Like the idea if you agree and follow me for more ideas like this.
Bears took the control of the share unfairly when one of the three mines of the company (Cerro Bayo) suffered a flooding incident last year. But from misfortune grows opportunity, and Mandalay share price has been slidding lower and lower until reaching a current valuation which is totally unjustified. In addition, the share price is currently drawing a rebound...
As mentioned in my previuos post of Sprott Inc, it seemed the stock price was consolidating a long term trough. I suggested that a surge in the stock price for 2018 was likely once Gold showed some bullish momentum. Well, Gold is still trading in a lateral trend, but some Gold mining companies has boomed recently and so Sprott Inc. It seems 'The kraken has...
Prise rose 112% in eight days, then pulled back and bounced off the 38.2 fib. It then broke the downsloping trendline and crossed into positive on the 4hr CCI, giving a buy signal (indicated).
Set stop below the 38.2 fib or the 50MA (indicated), depending on your risk tolerance.
Still on watch and waiting for the bottom. Tracks uranium spot price, so will follow that. At this stage no sign of market turning so suspect further falls to be seen here. To be followed in the light of the overall uranium market.