Replies to post #1125 on Ayr Wellness Inc (AYRWF)

[nilremerlin]

Closing VWAP 2.83
uP 1.07%,
Closing price 2.79
Down 0.36%,
on 263,661 volume

Last week's closing VWAP was Down 8.36% for the week
on a 5-day 2,031,123 total volume.

This week so far (2 days), the closing VWAP is Down a total of 0.68% on a huge 1,418,827 total volume.
Closing price is Down 2.11% for the week.

Price traded in a wide range as MMs seek to keep short interest low early before the required Friday report, fully aware of the impact of the SAFER markup on 9/27.
Closing price dipped slightly today on lower volume after a recent upward price rally on 9/21 due to the HR 5040 committee vote passage, anticipated schedule 3 and SAFER Act, etc. impending actions & news enthusiasm, and price closed below the VWAP.
Price closed below $3 for the 7th consecutive day..
VWAP closed below $3 for the 6th consecutive day.
Both will close above $3 soon, imo, as trading today hinted at with a nice rise.
Both generally were appearing to see-saw sideways after the 2August 17 Q2 earnings call, but the schedule 3 news changed that dramatically to the upside.
Now the RSI is getting some breathing room amid this consolidating wait.
Times ahead are better for mj stocks in general, as the SAFER Act is a priority this week, and the Senate & House mentions aim of some bill passing bundled within large must-pass bills (HR-5040 passed on 9/20), and SAFER markup tentative date being September 27th. The M.O.R.E. Act bill was also refiled, among others.

The 200 DMA looks Down today, but may have risen enough to give us a Golden Cross!?...Zacks thinks so, fwiw...
IIf the chart eventually shows it rose AS the 50 DMA crossed it from below, then it's a confirmed technical Golden Cross, with resultant technical price boost...
The 50 DMA continued uP today.
The 198 DMA is uP, and price is way above the now Down-appearing $1.16ish 200 DMA. Question is, since the 200 DMA had been flattening at 1.16ish for a few days, was it on the rising side of that 1.16ish, or not? If so, then we had a Golden Cross Tuesday the 12th, as the 50 DMA rose above the (rising) 200 DMA.
The rising 50 DMA is at $1.54
Golden Cross already happen, or still coming, chart-wise? Gotta give it more time to see if it appears on the chart...not today...in any case, the recent price boost from political news appears to have already accomplished what a Golden Cross would technically...so it's benefit is somewhat moot, imo.
Time will tell...