I'm seeing a descending triangle formed since earnings mid-Feb. The triangle sees a failed backtest on 11-Apr, and a battle at long-term (and psychological) support of $9.50 CDN. I'm anticipating a possible fall to the previous psychological support of $9 CDN, but with earnings around the corner, there could be a breakout in anticipation.
I'm a long-term investor in WEED, but am exploring (read: newbie) TA for this and other stocks. Constructive comments are appreciated!
I'm a long-term investor in WEED, but am exploring (read: newbie) TA for this and other stocks. Constructive comments are appreciated!
Nota
Stochastic oscillator %K crossed %D on 18-Apr, so there may be a rebound coming. Pre-market bid/ask on 19-Apr is just below $10 CDN. I would not consider buying for short-term trading until it broke $10.20 (the descending triangle resistance).Nota
We're testing $10.20 which I believe is the current resistance. I'm watching the hourly charts for a confirmation of a break.The volume appears to have reduced in line with the triangle, but am hesitant on a trade opportunity.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.