Home > Boards > Free Zone > User's Groups > $LEEK$CAPE’S 2021 HEMP, CBD & MARIJUANA MANIA GRAND SALAMI -- PART II


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VERAX   Sunday, 10/09/16 05:17:06 PM
Re: None
Post # of 29960 


CANN, very bullish . The weekly chart is impressive. RSI is a little high and candle has out run the upper Bollinger band. But this is a really stong stock. Fib ext. 127% is 3.69 and 161.8 is 4.50

1. Volume is on the increase in the weekly. Which can dominate Technicals.
2. Daily shows nice consolidation. some profit taking. All good stuff.
3. Daily, support 2.33 pivot 2.42 , R1 2.55 and R2 2.64. Weekly shows higher. That is to be expected due to the weekly taking in 5 trading days. Support 1.85 Pivot 2.45 , S1 3.05, S2 3.65.
4. Fib extension likes S2 3.65
5 60 min showing nice potential for move developing.
6. Daily shows CANN trading back inside of 8 EMA and upper Bollinger band.

My Take:

CANN, again look how sweet the weekly is. I look for next week to be a good one for CANN. Volume has been on the decline last three days. I will be watching tomorrow for an increase in the volume. Notice in daily. We set higher lows even though we were seeing some consolidation. This one could churn a bit on Monday early. However I do expect volume to start creeping in after open. I look for a green close on Monday.


AMMJ, very bullish. Weekly chart is beautiful. I pulled fib ext. because stock is so aggressive. Fib ext. 127% is .5461 and 161.8 is .6706.

1. Weekly candle still ahead of upper Bollinger band. 60 minute has pulled back.
2. 60min candle has pulled back and now trading between 8EMA and upper Bollinger band.
3. Support .2804 pivot .3650, R1 .45 , R2 .5346
4. My only criticism is RSI in daily is still high. However as we've seen these stocks can maintain that condition for extended periods of time.


AMMJ looks fab for the coming week. It might need to work a bit at open. But make no mistake everything I see says higher.


MCOA remains in beast mode potential. imho Nice run up. Decent retrace. I would call last week "EPIC"

My Take aways:

1. Retrace was 60%.
2. RSI has reset nicely in hourly. MACD line flirting with crossing signal line
3. Weekly candle still out side Bollinger band. Hourly back inside.
4. Double bottom in daily.
5. I can see clues for the next nice move.
6. I see support at .0101 and resistance at .0114,.0125 and .0138.
7. Moca had good volume for a Friday.

What I would expect on Monday. Perhaps down at open. Say wick down to .0106 wouldn't be a surprise maybe even .0101. I would expect price to work our area of Fridays close a bit and at some point test .0114 resistance. Given our recent candle size I could see us moving say from .0106 to potentially .0149. Now the caveat. Volume has to present to have that kind of a stellar day. I would be happy with a close of .0125. 


Very Bullish. Daily and weekly very strong charts. Actually, I love MOCA and to me GRNH looks a little stronger. Can't believe I said it.

1. I see potential for a nice move next week.
2. I pulled a fib ext. 127% is .0950 and 161.8 would be .1102
3. I see support as .0771 and resistance as S1- .0856 , S2- .0911
4. As most know the longer time frames carry the most weight. GRNH weekly and daily charts are some of the nicest one will ever see.

My Take Away:

I can see why Sleek would be so excited about the coming week. I would recommend folks look at the weekly chart 1yr. and pull up the MACD. They say a picture is worth 1000 words. I agree. Wow


Done prior to news today. CNAB very bullish. Looks like it has room to run. Fib ext. 127% .8048 , 161.8 1.02. A beautiful weekly 1yr chart. With MACD crossing signal line. Can you say Kazoo

1. Weekly volume is increasing. even though daily was off a bit with some profit taking and the RSI resetting.
2.Daily candle has come back within the 8 EMA and upper Bollinger band.
3. Moving aves moving up.
4.CNAB retraced 61.8 percent.

My Take Away:

CNAB looks ready to move up. Initially I thought it might test support early. Now, with the news, I think it could gap up. It looked ready to roll prior to the news. imho Like I said earlier the term "KABOOM" comes to mind. 

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