Medicine Man Technologies Inc (SHWZ): Downtrend from Jan-Aug broken, Ascending...

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Medicine Man Technologies Inc (SHWZ)

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Re: None

Monday, 10/15/2018 9:22:20 AM

Monday, October 15, 2018 9:22:20 AM

Downtrend from Jan-Aug broken, Ascending triangle pattern developing from Aug lows with resistance line in the $1.80-$1.90 range.

https://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:ascending_triangle_continuation

Breaking this resistance will also break the 200dma and the 50wma, both are significant levels to surpass. MACD on the weekly chart also had a signal line crossover in mid August when the trend reversal occurred.

Daily chart: http://schrts.co/41F6XQ

Weekly chart: http://schrts.co/n9p89P

It appears to me that the Ascending Triangle formation may have a few weeks left before breaking out which coincides nicely with the anticipated Q3 filing (filed 9 Nov last year); I expect this to be the breakout catalyst if it hasn't already taken off by then.

Buy-Hold-Retire before your old,

Knife

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Recent SHWZ News

Form 8-K - Current report • Edgar (US Regulatory) • 02/23/2024 12:30:32 PM
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Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:00:24 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 12:27:57 AM
Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 02/15/2024 11:37:01 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/15/2024 11:36:05 PM
Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 01/31/2024 10:27:15 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/16/2024 09:08:42 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/16/2024 09:07:37 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/12/2024 09:41:55 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/09/2024 04:40:25 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 10:01:36 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 10:00:49 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 09:56:07 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 09:53:45 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 09:49:51 PM
Form 8-K - Current report • Edgar (US Regulatory) • 11/06/2023 10:05:03 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/10/2023 05:22:56 PM
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Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/05/2023 09:22:17 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/05/2023 09:21:43 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/05/2023 09:20:19 PM

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