Thanks for the continued updates. First, I am a believer in this bull but I’m also stating to wonder if these are going to retrace the whole move and test the breakout. Kind of a 1999 and 2001 gold like situation. What’s your oh chit level in WEED? MACD looks pretty scary on the weekly. Just thinking out loud.
Weed could hit 7 bucks….Not worried though. There are lots of early entrants sitting on huge profits and during a hard slide like this cashing out seems irresistible. A new problem will be the new overhead resistance where there are lots of angry late comers looking to bail at break even. I’m holding my core and not trading. The new legislation governing the recreational market is coming very soon. We should reverse and make new highs by early summer.
🙂
Thanks for the continued updates. First, I am a believer in this bull but I’m also stating to wonder if these are going to retrace the whole move and test the breakout. Kind of a 1999 and 2001 gold like situation. What’s your oh chit level in WEED? MACD looks pretty scary on the weekly. Just thinking out loud.
Weed could hit 7 bucks….Not worried though. There are lots of early entrants sitting on huge profits and during a hard slide like this cashing out seems irresistible. A new problem will be the new overhead resistance where there are lots of angry late comers looking to bail at break even. I’m holding my core and not trading. The new legislation governing the recreational market is coming very soon. We should reverse and make new highs by early summer.
I friend in Canada just told me about Cannimed Therapeutics CMED.T in case you haven’t heard of them.