Closed at $1.99 - Target price increase to $3.40- $3.80Close Price 1.99 Target Price $3.40 - $3.80
Symmetrical Continuation Triangle (Bullish) pattern
2018 May 22
DAILY Intermediate-Term Bullish
TSX Volume 833,951
TSX & ATS Volume
Close Price $1.99 Target Price $3.40 - $3.80
Indicators supporting the bullish trend:
- CMF money flow indicator has turned positive the first time since 3rd week of January = bullish
- PMO and MACD are now oscillating in the positives = bullish
- CCI is overbought on the daily indicating a possible bullback coming = don't be surprised but it's short term, I am buying on any pullbacks. Holding long otherwise.
- Candlesticks turned bullish on the 10th of May - Stay long indication still in vigor
- STO is bullish and a good runway to run.
The entire sector is supported by highly bullish market leader Canopy who received confirmation from the NYSE that it's been approval to list. The listing will happen any day now which will create a surge. Will be taking 50% of my shares on surge for profit taking to reallocate, likely back to WMD since it's support by both HIKU merger and Aphria ties.
Happy trading and investing everyone. May the truth be with you.