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The second of two videos covering the remaining 17 stocks in my cannabis watch-list (the first 23 were covered in yesterday's video). Key support & resistance levels, buy points & price targets along with the near-term outlook for each of these stocks are discussed. The following stocks are discussed in this order: CNAB, SGBY, CANN, [...]
Very impulsive selling following the failure to regain the key resistance / failed breakout level increases the odds that QQQ will soon go on to break below the 130.13ish "should do the trick" support level. Yesterday's & today's updated 30-minute charts: SPY preferred scenario playing out as SPY continues lower following the recent [...]
The first part of two videos covering the 40 cannabis related stock in my Marijuana Watch-list. Key support & resistance levels, buy points & price targets are covered for each stock along with the near-term outlook.
QQQ testing the former failed 'breakout to new highs' resistance level. With the wedge just too high for a backtest at this point, I favor a resumption of the downtrend from around current levels. QQQ 30-min April 10th SPY is still trading well below the 30-min rising wedge pattern while at the top [...]
Member @lee1 requested an update on the $TSX within the trading room. In reviewing the charts, I figured that the recent technical developments in Canada's largest index warrants a front page post at this time. $TSX weekly April 7th In the previous update, I had pointed out the recent 'double-tap' overbought cluster as [...]
XLE (Energy Sector ETF) is currently trading just below a confluence of resistance levels (horizontal, uptrend line & downtrend line) while the intermediate-term trend remains bearish. Obviously, a break above all three resistance levels, particular the 71.65ish level, would be bullish, especially if confirmed with a bullish cross above the zero line with the PPO [...]