Do or die coming up for CANN on 1 hr charts. Triangle Continuation pattern in play, break down would be ugly but lead to excellent entry at lower prices when MJ stocks come back in favor. But a lot of indecision in candles,,Struggle between the bulls and bears for sure about to break one way or another. Id take long on break out and look for solid support below to...
This trade is somewhat more complex for my taste with a number of different short term and long term plays.. However, the overall trade is to the long side based on the weekly and daily charts.. As you all know, this is purely speculative based on the chart pattern..
What started out as a short term trade has now shifted to a long term trade.. I entered very...
Possible bounce play for MJ penny stocks. It may be time for gains in the MJ sector, but I feel it will be short lived. Plenty of possible profit still.
Clearing $2 is a good sign of strength. The 1st target is most likely and the 2nd target is questionable. If the 2nd target is a go then daily price needs to stay above the 10ema area and later ride up the...
Cannabis stocks have been showing good wave forms in general. $CANN price action has been stuck in a range for nearly 7 weeks. I feel a break out is possible on an impulse wave. If the wave happens, it may last 7-10 trading days. Fundamentals....good reported revenue and new expansion possible (California news would be best). A new overall cannabis fundamental...
Weekly chart. CANN hit resistance last week and I'm thinking it'll head back to the old support near $1.09. After the retest of $1.09 I'd relook at CANN and see if it goes bullish. It could take out the old $1.94 resistance if bullish.
Having started trading in Shitcoins, I feel I could trade well in penny stock markets due to the fact that the hype cycles are the same. I'm calling for an increase to $2.50. Could happen ANY time. Maybe next week, maybe 6 months from now. But I'm making this chart to see if my knowledge of accumulation and distribution is accurate.
