Traders are taking notice of this clear support zone on Charlotte's Web. 4hr equilibrium break is on watch as a break is imminent
CWEB has bounced 70% from the low and doesn't yet have a weekly higher low, I'm watching this 4hr equilibrium to tell me if weekly consolidation is underway or if the bulls are going back to test the high of the bounce so far.
$cweb update...this is the bear count. Soooo, hit the upper Channel line, channels perfect no matter which anchors you pick btw, sup/res hit, reject off of .50, almost hit 1.217 of A, but has not crossed into wave "A" territory...not gonna call it done yet, but... #potstocks #weedstocks
woozers its on a run! Im a bit hesitant to say ATH are near, have to break some key resistances, MO. ABC and 123 are basically the same thing, one must relay on context of count and of course see what the retracement is after the C,3. C waves in ZZ tend towards 1:1 of A but can go 1.272 or 1.618. 3s most common fib projection is 1.618 but of course just need to be...
Charlotte's Web Holdings, Inc. produces and distributes hemp-based, cannabidiol wellness products in the United State. Looks like it needs a breather soon , after a nice move of about 60 % in 3 weeks. just b4 the next run up.
After a deep correction CWBHF has made a fantastic reversal, and is showing very bullish momentum, having missed the initial move now is not the time to be entering a long trade. Our next set up is to long on a break above the .65FIB and the upper Ichimoku Cloud, it may mean missing some gains but a favourable market will still yield a 20% return prior to...
1) Trending downward on daily and weekly. Likely heading south for support at two step levels. 2) Oscillators poised to signal bottoming out RSI, MACD, Stoch 3) Consensio - bearish on all time scales, waiting for the flattening out of the moving averages 4) If market trends downward could drag it down toward step 2. 5) Waiting on entry point and watching for an...
It is so appealing to go for a long entry in OTC:CWBHF pre earnings, because it has been beaten down quite badly, but there may be just more downside and a better entry point. The technical indicators are all heading south and sell side volume continues to be high. If it were to drop out of the golden pocket below $14 it is a short to $8. AVERAGE ANALYSTS PRICE...
CWEB has found support around the 19 range. In the next week or so look for it to squeeze up with the volume profile to 20x. Coming out of it's double bottom pattern could spring this stock up to new highs.
Broke out of previous double bottom pattern and now looks to be forming a flag continuation pattern. Price target for double bottom was $17.17, flag price target is $17.41.
Dear Traders, Looking for a quick buck ? enter this.