ASX Medicinal Cannabis Stock Confirms change of direction.
As we can see that the price has closed above the LinReg while the LinReg is still trending down. This confirms a major change in direction for the price. We also can see that the Price is above the 20 MA and the MA has just turned into an upward direction. Also The MACD and StochRSI are now both having upward momentum.
Overall this is great for long term investors, I am expecting sideways/slightly down movement in the short term, but as direction in MACD and StochRSI is recent we should continue up for abit more.
This is All My Opinion based on how I read the charts.
As we can see that the price has closed above the LinReg while the LinReg is still trending down. This confirms a major change in direction for the price. We also can see that the Price is above the 20 MA and the MA has just turned into an upward direction. Also The MACD and StochRSI are now both having upward momentum.
Overall this is great for long term investors, I am expecting sideways/slightly down movement in the short term, but as direction in MACD and StochRSI is recent we should continue up for abit more.
This is All My Opinion based on how I read the charts.