Origin House (fka ORHOF)

[CornellEngineer]

"I project a green day on Monday."

That's funny, because I looked at a bunch of pot stock charts after Friday's close and I kinda came to the opposite conclusion. But hey, differing opinions is what makes a market so that's cool!

I looked at about a dozen different MJ stocks I'm interested in swing trading and it seemed to me that the vast majority of them are right in the middle of their Bollinger Band ranges right now and hovering around their 20-day moving averages. But for most of them their RSIs are headed down, their Stochastics are headed down and their last couple Heiken Ashi bars are all red. So IMO we're probably headed south for a couple/few days to start the week.

Origin House is a little higher than most...right now it's kinda in between its upper BB and its 20-day MA. ORHOF seems to be a pretty strong stock...it spends most of its time in this upper range and doesn't like to drop below its 20-day MA too much. The last time Origin House closed below its lower Bollinger Band was way back in mid-July...even the recent pot sector crash couldn't drive it down that low so she definitely has some oomph behind her.

I'm thinking we may see it drop down to $6.30-$6.50 in the next few days and if it does I'll enter a new position at that time. If it then heads back up to its upper BB then I'll eventually sell for a profit again but if it should instead break through below its MA and head toward its lower BB then we'll just double down and buy some more when I think she's close to bottoming out.

Anyway, we'll see who's right. The winner has to buy the loser a cyberbeer!