As expected pot stocks have been getting smoked in the near term despite market still being in bubble mode... Broke another support today. Markets will probably pull back a little once NQ taps the ATH in the next wk so expect pot stocks to ride down with them in the near term.
36 area is the .618 retrace of the bearish cypher and also the buy zone of the bullish deep crab. Lines up w support from prev high and channel bottom as well. Current falling wedge appears to be headed there so everything lines up.
Might get a little bounce at 38-38.50 which is where I'm looking to start adding.
36 area is the .618 retrace of the bearish cypher and also the buy zone of the bullish deep crab. Lines up w support from prev high and channel bottom as well. Current falling wedge appears to be headed there so everything lines up.
Might get a little bounce at 38-38.50 which is where I'm looking to start adding.
