TAKE A HIT OR LET IT SIT?
Like most of the cannabis sector, the last couple days of the first week of May oversold than I expected, while hitting all my price targets, it happened faster than expected.
Last Chart Analysis (March 26th, 2022):
This will change my overall look and move the primary cycle 4th and 5th wave (as presented in new chart)
The MACD quickly corrected what was a peak of divergence and now shows a hard sell continuation.
I would expect to see a 3-4 correction here, any price around $10.60 = $10.32 with a chance of going north towards $13.52 for possible PT via correction peak.
Expect hard selling early Nov (if not a little before then) and to continue to sell until April of next year ('23), making $6.02 - $5.60 a possible floor. I would assume chaos if it goes under $5.60
Like most of the cannabis sector, the last couple days of the first week of May oversold than I expected, while hitting all my price targets, it happened faster than expected.
Last Chart Analysis (March 26th, 2022):
This will change my overall look and move the primary cycle 4th and 5th wave (as presented in new chart)
The MACD quickly corrected what was a peak of divergence and now shows a hard sell continuation.
I would expect to see a 3-4 correction here, any price around $10.60 = $10.32 with a chance of going north towards $13.52 for possible PT via correction peak.
Expect hard selling early Nov (if not a little before then) and to continue to sell until April of next year ('23), making $6.02 - $5.60 a possible floor. I would assume chaos if it goes under $5.60
Ghi chú
Possible $9.30-ish 'kiss' (maybe look for stop loss shares) before 3-4 correction (just an after thought)
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.