WM Technology Inc. - Weed Maps $MAPS Chart Analysis
TAKE A HIT OR LET IT SIT?
On the weekly,
MAPS appears to be smoking on the Bobby Brown and following suite via cannabis sector from Feb. '21, but can this ticker start puffing on big clouds to get some investors high on profits? - Soon, soon...
As it sits right now, we are completing the 4th wave down. Turning into the 5th, I would expect to see some MACD divergence, but worry not if it doesn't peak through as it might hold off to confuse some investors while on the correction.
Like most of the cannabis sector, the 5th wave will be getting ready to finish in Aug. I see 2.65ish as a safe net to start catching most of this fallen volume and likely able to support this weight around $2.10 before trying to correct.
On the weekly,
MAPS appears to be smoking on the Bobby Brown and following suite via cannabis sector from Feb. '21, but can this ticker start puffing on big clouds to get some investors high on profits? - Soon, soon...As it sits right now, we are completing the 4th wave down. Turning into the 5th, I would expect to see some MACD divergence, but worry not if it doesn't peak through as it might hold off to confuse some investors while on the correction.
Like most of the cannabis sector, the 5th wave will be getting ready to finish in Aug. I see 2.65ish as a safe net to start catching most of this fallen volume and likely able to support this weight around $2.10 before trying to correct.
Penafian
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