This Board page hasn’t seen this much Charting activity, bull or bear in the past three years as in the past three weeks. Though predominantly on the bear side, I must say it seems rather like cherry picking. Until Canopy had completed the heavy lifting of Uplisting onto key exchanges, increasing international and institutional exposure, the sp activities were very unpredictable and perhaps boring.
What I think is at play though is the natural phenomenon that when your on top, there will be always be a long list of stone throwing contenders, predicting your demise nonetheless. A weather forecast, like many of these charts, constantly produce very well educated guesses everyday, 24/7. Yet they only need to be right once the precipitation is on the ground or the sun is out. Like you said, I’d like to see the chart telling folks to buy before the constellations deal or short leading up to the 52wk high. That would have been great. Monumental. Instead , what I read were several posts bemoaning such a lost opportunity.
Financials will be out and based on a random guess [sub-context of Canopies aggressive growth strategy to meet 10x demand in the very near future] they may post another loss per share, which inturn may continue the bear pressures. The RSI was above 90 in the last run up and fell to below 40 in the recent correction. Surprisingly textbook. That’s it for my forecasting. I’m not very good at planning picnics or predicting weather. Can anyone chart the senate debates? Other than the daily sp movements, I think that will have the greatest impact here.
