looking at 3rd consolidation move now. market likes to move in 3's. So were very likely to see a big volatility move soon. In addition to the cup and handle/ascending triangle that has been panning out for quite some time now, this is definitely looking very bullish. needs that confirmation volume to drive it home or else it will fizzle out.
Looking for breakthrough, volume and technical indicators are bullish. About 80% sure this will breakthrough on bullish volume
cup and handle (ascending/reversing triangle). long on break out
Expect this volume push has peaked and will fall back to 0.35 resistance or next level before next bounce. Big fish are trying to flush out some huge wins off CBD stocks.
HEMP Elliott wave analysis. Although a penny stock, emotions run high and still create clear Elliott Waves. Hemp is an obvious long term growth prospect. Hemp is on its way to becoming fully legal and along with that the potential to really change how we make many products and also the medical potential with Cannabis is huge. I expect this to take a few years to...
I have compared Bitcoin with 3 major Marijuana/Hemp stocks. Bitcoin seems to be paving the way for the MJ industry by about a week to 2 weeks. Will this pattern hold up and will this be a good indicator in the future? (Bitcoin is the black line)
HEMP, I am not a fan of OTC stocks. OTC Stocks can be great for trading but most often times are not great for long term investments as the SEC does not closely regulate these stocks! much manipulation can take place, but I have many fellow stock traders that like me to analyze stocks so this one is for them! Hope you like it.
I have compared the growth of Hemp Inc. with 14 other marijuana companies and they are spot on. It will be interesting to see what this year has to offer for the MJ industry.
The HEMP fields on the East Coast are being being harvested and they can't keep up with demand. Our founding fathers were HEMP Farmers. hempinc.com
Here is the correct chart for Hemp, Inc. The Dragon is ready to break out and take flight. Staying L and accumulating on any pullback. Good Trading!
Looking at other weed stocks found me this Gem. such a beautiful market structure and to me its obvious this is being accumulated. Buy at $0.05 seem like a great risk/reward. Nothing fancy about this TA, just crash cycles and bubble patterns that repeat themselves.