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It blows my mind how some if the well known stocks are back to where they were before the run up
California means nothing?
Increased sales from the ones that actually sell something mean nothing?
I don't get it but I've sold all the way down and have been switching to metals and resource stocks
The whole sector sucks right now which is crazy with all the advances in the sector
Will do good when the tide changes again
I say we put in a 2nd day above the moving averages and close at .445
That would be healthy to have 2 days in a row when we've been stuck under them
1 year chart looks like thus thing wants to scream higher in near future
Keep chins up. We still have a higher low on the chart and 6 month bullish trend
I think we switch from bouncing up to the 50 and 200 day to consistently on top of the 2 finally
Isn't there a conference in Reno too? Or has that come and gone?
The 200 day has been kryptonite for this stock
Thus is the only stock that has been trading sideways and not down for the last month and on a 1 year chart looks like the right tail is starting to curl up
Looks like we break up and stay up within a week
Congrats owcp. You are 1 of my 2 only red stocks today
Mjs held up surprisingly well today
Like i said last week look to cann and hemp for more torque on a bounce and that's exactly what happened
Today owcp put in a higher low and higher high
Very low volume but that to me says selling pressure has dried up after getting smoked for the last 3 weeks
I've been selling hemp and buying owcp
Time to go
We are set up.for the mother of all oversold bounces. The rsi has not fallen in a straight line on most these stocks ever like it just has
Owcp is my biggest long term holding but look for hemp or cann if you really want some leverage to play a bounce over the next few days
Owcp should get back to the 50 or 200 easily
So far we have held the low of the last down trend a few weeks ago
So far we have a higher low
No reason to sell now when news is pretty well guaranteed within a handful of trading days
The whole sector is due for a snap back rally any day now. These things have fallen 50% in the matter of a few weeks
We'll see what flipping the calendar does for us tomorrow
It shot up to sit on the middle Bollinger band which is .46
Hopefully we use that as a base from now
I saw that
We've bottomed and are headed to the 50 day moving if not tomorrow this week
I've been buying back under .40 but feel I better finish at whatever price tomorrow
If it's going to be a bull market for a while it needs to turn around right here
A lot of these stocks are sold down to where their parabolic moves started
Key test areas
We will know our fate Monday or tues. Owcp Mjna and across the board have completed their retracements
I had sold a bunch but bought back another 40000 shares today at .40 or below
Gonna be interesting but I think our lows hold
Today we switch to a bullish chart again
Selling others and moving back in
So this stock has been frustrating for sure and we are now below the 50 day.
I sell a little everytime we hit .44 but I've noticed yesterday's low stood and we have been crossing through the 50 day everyday
I've been hanging out in ngtf (look at it) but to me I think if this thing breaks yesterday's low or doesn't cross the 50 day at any point tomorrow it's prob a lost cause for a while.
I'm thinking take profits on ngft because owcp breaks higher tomorrow
Meant to say tomorrow we see some breakout volume
Kind of a low volume not much happening day but I think the low might be in. I bought a bunch more at .425 and was wondering what do with it but I just looked at the 6 month chart on ameritrade and if you draw a line from the bottom at .20 to today's bottom it lines up like a thing of beauty
I think we see some more breakout volume
Same on hemp where I bought a bunch at .0303 today
I mean .06
Doing the u turn back to .60
Sure looks like the sector sell off will take us to .37 before we get going again
Because it is close to support of the 50 day
The other stocks were so far above there is more room to fall
The 200 and the 50 day are getting tight and we should have a nice break after this equilibrium period
Sure seems like it want a to close above the 50 day
The near term low might be in
Our day is coming soon. Sector still holding up nice with middle Bollinger band holding up beautifully for us laggards and still bullish on others like cann cbis ECT.
Money will come from the overbought names like they did last year soon
This stock absolutely has bottomed. Perfect reversal off the bottom and wether the stock goes green today or tomorrow is no biggie
3 month chart explains everything
I wasn't on here saying it bottomed yesterday
Mj sell off money about to head this way
Time to get in
Closing green
Cryptos turning around headed higher
We will be a lot higher by end of day
The 5 day chart looks like there is a lot of energy built up ready to pop
About to burst to .60
Buy on a spike down below .18 and we close green
I love green day s
Yes
Awesome
Hopefully something like that gets us moving
The way the other stocks did today tells me not all is lost
I'd get in in the morning and stay in unless we break .46
All others including us are using mid Bollinger band as a low and we will keep going up until other stock or us lose those levels
I think we set the new base.
.46 is middle Bollinger band and all sorts of these stocks bounced down to it and are looking good again
I think we test it again and rocket
I think we'll be fine. I've been looking around my charts and a lot of them have bounced off the middle Bollinger band Friday or today and have headed back up
.46 is our middle Bollinger band and we have held it nice so far
Mcig just tanked down to their middle Bollinger band and is now nicely positive again