RE:RE:BULL???I agree, it’s mainly sector weakness that drags us down. Possible start of S&P and oil consolidation would be another pull down, plus it’s May...
You could say we had a bounce from $1.63 to 2.08 after the gap down selloff the other week, but we appear to have bottomed and potential start of a trend reversal heading up. And I agree that technically today looks like it’s forming a higher low compared to 1.66 so hopefully we see continued bull action next few weeks. There are some potential broader market headwinds that could mute any substantial run, but if S&P heads to new highs that could certainly add more bullish action to the sector.
Either way, there’s many eyes on that gap, and I’m certainly a buyer under 1.80
Stumptom wrote: Pardon me if I'm wrong, but the whole sector is pretty bad today. Let's say market is bad. The bull run won't go counter to both of $HMMJ and $SPY in my opinion.