Since March lows this stock has been making clear moves up in both ascending and descending wedges with meaningful periods of consolidation after the move up as it makes it way through the Fib Extensions while consolidating along them. Keeping a solid uptrend along the 8EMA its periodically dipped into the 15 EMA for a recharge and seldom needed to bounce off the...
Since March lows this stock has been making clear moves up in both ascending and descending wedges with meaningful periods of consolidation after the move up as it makes it way through the Fib Extensions while consolidating along them. Keeping a solid uptrend along the 8EMA its periodically dipped into the 15 EMA for a recharge and seldom needed to bounce off the...
Retrace you should see a retracement to .50-.38 fib and continue uptrend .73-.75 This week is a possibility. Could get a good short play in Monday morning
Short and crisp.
Q.2 Numbers were ok. At least one cannabis company that earns money and thus the company delivers what everyone expects. Increasing turnover but above all also profits!
Weekly closing price above 0.71 CAD unlocks the next target at 0.88 CAD.
If this is also taken out at weekly closing, maybe it could run to 1.20 CAD.
If a weekly closing less than...
CXXI - Neutral while this patter plays out for me. 2 head and shoulder patterns here. 1 is clearly formed and done. 2 has formed but assumptions as to the right shoulder could be interpreted many different ways here. Im watching for confirmation of direction but would lean bearish with the gap below looking to be filled and bounce off support. Thought I would share.
There is a lot of Twitter hype on CXXI. No position at the moment. I have simply played swings on the volatility. Observation here of a rising wedge pattern forming after a beautiful bounce of support. Have both Swing long and swing short entry's for whichever way this wedge breaks!
Neutral bearish observation.
