Weed has a higher high sp - $19.04
and higher low sp - $$18.53 today, compared to yesterday,
Has Weed bottomed out???
Has the knife stopped falling after an 8 month tanking?
Do we have the start of a bullish reversal????
First, there must be higher highs on the daily...then on the weekly...then monthly chart.
How about Friday???
Usually on a Friday, when daytraders and others want to close their positions, you see a sellloff early in the morning or during the last hour of trading. Often the stock closes at the low of the day.
The sp should move above today's high tomorrow, and then a pullback, just as we saw today.
Let's see what happens.
Time to add to your position???
I did.
Looking at the chart,
I think it's a good idea, so long as you scale in.