Williams %R, Price Crosses 21 DMA, MACD, MomentumLots of fresh bullish indicators. As I said previously, the intermediate continuation wedge is pointing to 89 - 97 cents, and Friday gave us four short-term bullish indicators: Williams %R, price crosses 21-day moving average, moving average convergence divergence, and momentum. Especially the price moving above the 21 DMA is confirmation on the wedge that the trend is poised to continue upward, and MACD is a clear buy signal.
There are only 3 trading days left in the year, and at these prices MGW is still the safest MJ play in my opinion. This was the hottest ticker in the industry last week, and with the positive surprise, expansion plans, and the technicals mentioned above I think that we could have another great week. Happy Holidays, and GLTA!