I used stare at charts and colored bars and tried to find shapes to figure out the next move. Guess what, I missed out on a lot of easy opportunities to hold and ran scared out of good stocks because I didnt understand growth valuation. Stocks will do things that dont make sense on the charts. Stocks are businesses. We really need to understand the companies...
US MJ - CURA CWEB TRUL OH CL MMEN IAN HARV GTII Very disappointing day to see the sector correlate to bad CGC earnings more than TRUL positive earnings - including TRUL itself! We keep seeing these little hints of momentum shifts but the bulls HAVE TO follow through or they're proving nothing to us. And so far they're proving nothing to us
Very significant bullish day across the sector. If your name didn't react *cough IAN cough* you have to ask yourself why it wasn't participating in such a clear, sector-wide bullish day This is the first time in a long time we have seen the sector react like this as a whole We continue to see the shifting momentum and the hints of bullish momentum sneak up more...
US MJ sector updates Remember many names have earnings in the next two weeks
So many US MJ names have a weak daily candle with a long upper wick. You can compare names across the sector by their daily candles. CURA HARV stand out stronger, GTII and CL stand out weaker standing out weaker
Some names are getting crushed and very extended, we can anticipate the liklihood of short term bounces to set lower highs. bears are in full control all around
GTII has a key weekly support coming up with 4hr oversold and daily close to oversold. I'd anticipate that level to hold the first attempt if we drop right there without a bounce, but if we see a weak bear flag on the daily chart before testing that level next week, that would change the setup and I'd have to revisit this idea
Very strong chart on the daily and weekly, Bulls are anticipating a healthy higher low on any pullback