If you look at the chart, it is choppy and not clean looking. The white alpha candle held the stop loss @ 0.41 and stock is cooking something. Volume is coming in. So decided to bite some. Might be risky.
gap sown to cover so if the price retest the dolar mark area we could see a fill of the gap
In light of all the bullish movement we saw last week with Cannabis, I believe that this one has a swing potential in the coming week. The 4 hour chart here has shown some bullish candles and fairly healthy volume over the past week. There have been some fairly good AH trading with some consolidation happening around the 0.70 zone. I have an entry at 0.70 with...
The pattern appears well defined to this point. an ending diagonal, should play out nicely for longs. Not trading advice nor forecast, simply observations given the current price pattern.
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I honestly have room to hold this one forever but as a trade i'd put the stoploss below the .886 This looks like it could be the start of a bottom though as it was just very oversold and is now trying to break above the 50 line on the RSI so i would aim for big bullish targets here.
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