The Cannabis momentum all across the board seems to be changing in a favorale bullish manner
Plenty of stocks have seen double digits increases, most noticeable medmen and tilray.
Medmen is drifting down in a bigger parallel channel on a Weekly chart and is moving towards the middle range of which could act as resistance.
On a daily Medmen has broken out of the downtrend channel from 19December with big volume and a strong run into todays' close and closing above the 63day moving average.
Weak resistance at 0.63
Most recent significant high a possible resistance area, is at 0.84 a whole 57% from today's close.
Plenty of stocks have seen double digits increases, most noticeable medmen and tilray.
Medmen is drifting down in a bigger parallel channel on a Weekly chart and is moving towards the middle range of which could act as resistance.
On a daily Medmen has broken out of the downtrend channel from 19December with big volume and a strong run into todays' close and closing above the 63day moving average.
Weak resistance at 0.63
Most recent significant high a possible resistance area, is at 0.84 a whole 57% from today's close.