Wednesday, October 22, 2014 11:46:41 PM
Volume EXPLOSION. The key to riding the MJ wave. Saw volume was 2/3 of yesterdays total in the first hour or two or trading and knew the money was pouring in.
Another good strategy is trailing stop losses to catch the momentum and not get stuck when the party turns. After watching trading all day I knew the MMs or whoever is sinking in hundreds of thousands of $$ wanted it to close HOD. High of day closes when the MJ sector is running means GAP UP. Usually the gap up is the sell signal... not the case to start this year, but after HEMPs 5 green days in a row I will be VERY cautious of a gap fill.
TIGHT trailing stop loss.
HEMP clew right through MA(100) resistance. MA(200) is .0717... .0715 is also resistance from the highest close July 7th. A close over .0717 tomorrow will be VERY bullish.
Note fullsto and RSI are both close to over extended. Vote is in 9 trading days. How much run do we have? MJ PRs have not started hitting yet. I predict next week we see an influx.
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
