I wonder what their correction will look like? This fractal immediately caught my eye. Thoughts? Good Luck!
Look for IIPR to get above 200 and resume up trend to go long.
In my recent "Trade Plotting" educational posts I have shared, I referenced scaling out of my position at 2.5x my risk and then closing my position at 4.5x my risk. I had couple followers asking for clarification as to how do I determine my risk on trades and how does that translate into scaling out and/or closing out the entire position. Its really...
Trade annotation on the chart. As always, writing these up to hopefully provide some education for newer traders out there looking to learn. I believe $IIPR is heading higher and will be watching the stock for a reset and another setup.
I have been trading this and have recently booked great profits off of this. It probably runs much higher but risk management has me out for the time being. I would like to reflect on recent price action as a study. Trading inside the bull flag was fine, I was fortunate to buy low and sell high a few times. But, the BIG TRADE was always the breakout, with...
I didnt break down the technicals bc I dont have time but if you've followed me long enough you already know. Buying just putside the money, and can play tbis at either a day trade or hold for a day or two..... GLTA
If you didnt get into IIPR when I posted my first idea on it then you can get in sometime this week/next week. Daily RSI is overbought. Wait for this to go over sold and then go crazy. buy is at around 160
IIPR has broken out from the consolidation premarket. I like it long on the pull back to fill the overnight gap into the green box. Stops would be a close below the box for a shorter term trade. Targets are the fib extensions above.
Stock has been in consolidation for 1 month and looks ready to make next move higher. Volume has been consistent but requires a spike to break resistance at $ 161.50. MACD reversing bullishly. Histogram about to go positive Targets $165 - $170 short term. PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
Fundamentals are strong and my fair value estimate is about $350 considering the rate of growth and the sustainable business model. Buying.
Someone told me this was on their watchlist, and sweet jeebus! This thing is textbook. Price target is 190 by Christmas. It seems like we've got 2 days of consolidation, but I think the Jan 15, 170 or 175 call would be a very safe play. It's sitting somewhere around $2.50 right now. Watch for the 'wave e' maybe done to 150.60. It's a 100% buy if we head over...
WE WANT ALL DA SMOKE. SMOKED A BAG BUT GOT ANOTHER ONE ON THE WAY
Price is getting tight, worth a watch. Risk is clearly defined to me.
4 more states have approved legal cannabis. A weekly close over 133 and a push through 139.53 will move this higher.