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.
Nota
Updated chart due to the reverse split that took place recently.
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.