WEED - How High Can It Go ?

16 окт. 2018 г.

Dear Traders,

Like ACB, WEED had a great run yesterday and a lot of traders have been able to make good gains!
The question everyone is asking now is, how far will this go ???
Well that's a pretty difficult question o answer because this stock could retrace any time, but it could also pop up another 5% before starting a retracement.

My trading strategy here will be to wait out the sprint, it's too late to enter again in my opinion. I don't want to be left with a huge bag bought way too high.

One the Cannabis stock have retraced i'll load up my bags with a lot of shares.

Any Thoughts ?

16 окт. 2018 г.

Заметка

My previous chart was a bit messy, I've reworked it deleting previous lines that were not in play anymore, please check this TA out for a clearer view.

16 окт. 2018 г.

Заметка

Pump and Dump at the market opening, as expected. Let's let it retrace for now.

A run like this needs to retrace, the question is, to what level.. 55 ema ? 100 ema? or even 200 ema? Let's see.

16 окт. 2018 г.

Заметка

seems like we are having a channel formation, but this isn't a bullish one. Let's see what happens tomorrow