Very clear impulsive bullish price action from July-October.
We have pulled back currently 50%.
We're at a potentially good swing trade price, but I want to stack this stock for the long-term so I'm not buying yet. Before I buy, I want to see a shorter-term uptrend begin again and buy a pullback. Not looking to catch this falling knife.
***(Note: Since the bullish price action occurred around a news event where Trump talked about de-regulating cannabis, the bullish move may not last. This is why patience is key. This happened during Biden as well. Tilray 3-4x in weeks then bled back down to lower lows once people realized it was just talk.)
I am long-term bullish on this stock however.
I would love to buy sub-$1 on a little uptrend and hold for 5-10 years even.
We have pulled back currently 50%.
We're at a potentially good swing trade price, but I want to stack this stock for the long-term so I'm not buying yet. Before I buy, I want to see a shorter-term uptrend begin again and buy a pullback. Not looking to catch this falling knife.
***(Note: Since the bullish price action occurred around a news event where Trump talked about de-regulating cannabis, the bullish move may not last. This is why patience is key. This happened during Biden as well. Tilray 3-4x in weeks then bled back down to lower lows once people realized it was just talk.)
I am long-term bullish on this stock however.
I would love to buy sub-$1 on a little uptrend and hold for 5-10 years even.
Anmerkung
Updated chart due to the reverse split that took place recently.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.