RE:RE:RE:RE:The last change to get dipIts not a reversal yet IMO. You have to look into the 1 or 3 month daily chart to account for when the run up started. if you look only into 5 or 10 day chart it will be skewed. If the run up started only a week ago then I'd look only at the 10 day, 30-minute chart. As far as I can see, there's no convergence yet so I'd expect more down actions. and like I said, IMO its still to early to buy as a lower dip is expected in the horizon. I may be wrong (who know what will happen?) but this is what I know and I trust what I know.
same with weed. that's a deadcat bounce and I expect for it to continue to fall until mid of next week at the least.
Everyone can buy now as this stock is definitely going to be $20+ by summer. But I just want to get a better deal so I get the most out of my money and time.
SKMoTo wrote: AlexMach wrote: freedomfiddy wrote: Or maybe this is the just the beginning of a major correction for weed stocks that have gone up too far, too fast, and for too long. Put your money on the table and spin the wheel....
I agree. looks like a lot of people here don't read the technicals before they blurt of something, and it's catching and trapping a lot of of newbies. They're just gambling their money.
We haven't seen the bottom of this bearish run yet. The RSI haven't converged yet on the 1 month daily chart. My guess is we'll see the bottom maybe tuesday of weds next week. thats the best time to buy the dip. too early to buy on the dips, more dips are coming IMO.
i dunno looks like the reversal has started... check WEED. They hit a low of $30.xx today and already heading back up and touch $35.xxx...
great buying opetunitiy in my eyes