cc1

cc1 Aug 13, 2024

Similar setup to a couple other weed stocks, some which have already broken this down trend line (like ACB). Wait for breakout and retest for ultimate assurance or trust your gut.

cc1 Aug 9, 2024

If this is an actual impulse with 5 total waves, then the recent pullback to a 38% retrace of wave(3) to complete wave(4) on the lower end of the channel was nothing unusual. If price falls out of the channel and under (4) it's very likely the move up from the lows was an ABC move. Upside of 100k for wave(5)? Stay within the channel and let's see.

cc1 Aug 9, 2024

If you're bullish BTC, you should be even more bullish on weed stocks on a break of this descending wedge.

cc1 Aug 7, 2024

If this is a real wave 3 up then look for price to solidly hold above 96. If not then (2) may not have been complete and we look for a running flat as a longer in time wave (2) staying above the lower trendline.

cc1 Jul 30, 2024

ACB chart itself looks bullish, but the ACB/MSOS spread shows a cleaner set of waves to predict the movement. Buy ACB as long as it is more bullish than MSOS. This thinking applies to any stock compared to a related ETF or index.

cc1 Updated  Jul 30, 2024

A previous failed breakout followed by a quick retry. As usual with downtrend line breakouts watch for a possible retest down of the line and then resume upwards, but not a given.

cc1 Jul 24, 2024

Been watching for a reversal of the trend between the 2 indexes and a breakout of this bullish falling wedge for a while. Fundamentally it made sense to look for this breakout result because of the looming interest rate cuts and frothy bond yields since the start of the year. Small caps are highly sensitive to such things. Long IWM or TNA is the play on this...

cc1 Jul 24, 2024

In yellow is the TSLA/NVDA spread or ratio, and here it shows the jump off the all time lows with the huge price spike post Musk vote. With spread charts you can gain clues on future price action based on the other ticker. For the continued TSLA bull case, we get a pull back in the ratio to form the right shoulder of the IHS and then continue upwards. In that...

cc1 Jul 23, 2024

Here's the predicted path for a bullish long term breakout of this downtrend resistance line. On the fundamental side recent economic moves seem to suggest China is willing to do more to support the markets, first with interest rate cuts.

cc1 Jul 22, 2024

Continues to crawl along it so far, and thus continues to be bullish. Confirmed on a strong break upwards

cc1 Jul 20, 2024

Wait for breakout of the downtrend line, possibly followed by a move down to retest the line and then resume up.