RE:RE:CGC At CloseBcSilver, I'm curious to hear your technical take on the charts. I've been impressed with your previous calls and have recently read you saying everything is on its way down. I'm wondering what this prediction is based on.
I'm no chart expert, but I can say now that the government has listed legalization as a priority I expect momentum to continue. The way I see it, the SP may drift down slowly but any day could be the big announcement where the stock really takes off. I'd rather the low risk of gradual dropping while capturing the upswings than trying to trade back in for 20-30 cents only to get left behind on a big announcement. Regardless of time we all know where this will end up in 2 years time.
(Mind you I know we both felt the same thing about the Uranium market and look where FCU ended up haha)
spacewinder wrote: The weekly chart looks very strong, the daily chart looks very strong, and the hourly chart looks very strong, all 3 are fantastic. Any chart technicians out there to back me up on this one?