Thanks Randy. YTEN did close around $7.32 yesterday IIRC, so I jumped in, esp. because I saw a healthy volume. Currently it’s resting at the gap around $6.51. We’ll see how it turns out next week.

Please see my reply to this comment posted earlier today under another post: https://rightsideofthechart.com/bitcoin-proxy-trade-ideas-gbtc-ostk-riot/#comment-18884

I didn’t see your question above until today but if YTEN was poised to close around 7.20, then yes, I think it would be an objective long entry with a stop somewhat below 7.00 while targeting just shy of the 10.90 R level.
I’m not aware of any specific fundamental catalyst for the recent bullish momentum in the sector (today they are taking a breather) but a pretty decent technical (bullish) case can be made on many of those stocks with the recent divergence lows, breakouts above resistance levels, and even a valuation case for many, I would suspect from how much they have fallen, although I have not done my DD from a fundamental perspective. More so, just a sector with some recent bullish momentum & technicals with stocks that offer more attractive R/R profiles than the broad market IMO.

The charts of most of the major cannabis stocks look pretty decent although I can’t make a very strong case to go long at this time. If I can’t some other standing sectors or various trade ideas to cover in a video soon, maybe I’ll do an update on the pot stocks as that seems to be a crowd favorite.

Update: good volume on YTEN into close. I like it. Gotta jump in.

Yup but 30.61 is a big resistance.

Also, would you take any close above $7 on YTEN into the market close today seriously (45 min left), and would it make sense to do a market-on-close order if it keeps trading above, let’s say $7.20? Trying to gauge if rushing into position before the market close is a bad idea or not. I prefer not to do that usually.

Thanks for the update.