Replies to post #801 on The Trader''s Perspective (TTP)

[Sendme]

Thanks for the heads up, I will post some charts later and see what we have. MJ seems to be the next rave now that bitcoin may be cooling off and more states are passing laws in favor of it.

[Sendme]

Hi Dude,
Not sure on the RIPPLE coin yet, will look into it.

But here are some charts on those MJ picks.

I will post some basics on the charts, but I won't post all the math on how I get the 1:2 risk/reward targets. I will just use arrows to show the candles I based it on.

MPX, This just had a nice move again. Maybe consolidation time, will look for another trend line break and it could move again.

I just realized when I went to set an alert on my Etrade account that this is the Canadian Stock Exchange? I can't get the US chart for MPXEF on this platform. So these charts are similar as far as the price action, but these prices are higher than the US market.



CBWTF is the US stock and once again I can't pull it up on this platform, but the Canada stock CBW is again showing similar price action, but on a higher price range.

This one is close to either bouncing off the RSI or dropping below it, Pretty big divergence setting up here. Might need to pull back a bit.

I think that if that black lagging indicator on the Ichimoku cloud doesn't bounce off the price soon, it will move down


EMMBF I do like this one for the long term, but I would like to buy it closer to the Moving averages around 1.50 if possible, I set an alert on Etrade for 1.60 This also has a golden cross setting up on the daily chart!!


PUFXF Again can't pull up the US stock, but the Canada PUF is higher in price. This one looks like it is consolidating. Could go either way, but looks to be getting pretty extended at the moment.


60 minute chart does look like it can make another push close to 2.00 (Canada market that is)


ABCCF Again can't pull up the US stock, but the Canada ABCN is similar with higher prices.



Overall, I think that the long term charts on these do look good. I noticed that they all pretty much took a nice jump at the beginning of the year, might see some consolidation and then another move. Maybe watch for an entry close to any type of bottom trend lines.