The latter; The day after I posted the setups in this video, nearly all the pot stocks closed red & have remained weak so no follow-thru on those that had recently broken out & those that haven’t broken out yet have still failed to do so. I haven’t seen the follow thru I was looking for so as of now, I’d hold off or set tight stops on any existing positions.

thankx Randy! I guess if I boil my question down it would be … you often point out breakouts that are “probably going to fail” because they start out too overbought, is yesterday just a “marginal new high” … but every breakout looks that way to me (probably because I got burned too much when I was younger and reading the IBD everyday) … but on the weekly candle chart it doesn’t look as if coffee has yet reached the same overbought levels it did on previous trips up there … on the weekly candles it looks more like the middle of the 2010 run than the end?

Much appreciated. I just added MSOS to my cannabis watchlist. Here’s a daily chart with some resistance levels/potential targets. Looks good but testing potential downtrend line resistance with 32.50ish price resistance just above. Should run if/when it takes those levels out. Thanks again.

JO is wedging higher with negative divergences while still within an uptrend… for now while approaching my long-term target laid out back in 2019. Not sure if you were a member at the time but I laid out 3 long-term price targets for $COFFEE (coffee futures) shortly after posting a buy signal/bottom in coffee back in late April/early May of 2019 (the May 8, 2019 chart is below). $COFFEE is now approaching that final target so I believe the upside at this point appears limited although we don’t have anything remotely close to a sell signal at this time.

sorry to be off topic but it looks like coffee it is at interesting point … breaking out but can it succeed? … basically at the 2014 highs now … above this is only the 2011 highs … looking back 35 years looks like coffee tops here around 220 or it tops up there around 280 … only two options for the 8 or so trips up into this stratosphere …