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.

COW is made up of lean hogs & live cattle futures. I just looked at the charts of both & can’t make a very strong case to step in & go long at this time. /LE (live cattle futures) is trading above decent support on the daily chart after recently coming off a divergent low with the PPO turning up while trading above the zero line. Of the two, that would be my preference to be long right now but as far as the timing oo an entry, hard to make a very solid case right now. Thx for pointing it out.

Yep. I’ll have to take a look at cattle & hog futures to confirm. Will do asap & let you know if I see anything that stands out on the charts.

Thx for pointing that out. Could be an objective level to book profits if it gets there soon.