RE:Break and RunI think your bang on Stocky, it looks like support is inceasing and resistance is fading away.
Here is one of the sites I use.
https://www.stockta.com/cgi-bin/analysis.pl?symb=WEED.C&cobrand=&mode=stock starsearcher40 wrote: A very nice break through the $34 level. This level has proven to be tough resistance to get through. Hopefully the move today confirms the break and run. If so, there's a little clutter in the $36 area which may bring some pause, but I don't think this area will be as significant. After that, then nothing until the $38ish area.
The trading in the stock (well, any stock) is fascinating. On significant breakthroughs, the stock will surge, and then often do a touchback to the break level (in this case $34). The psychology here is absolutely at play with the traders. Part of the reason the touchback happens is the traders temporarily evaporate, looking for the touchback to happen. In some way, it becomes a self-serving prophecy. Now, what's interesting here is I don't think we're going to get the full touchback, which creates a dilemma for the traders. Do they buy back in higher, knowing that the broader move up is upon us? It's a real0time world here, but I would say yes. There might be the 34.10 area at most, but as they see the lack of "touchback momentum", they'll buy in, now working against their own touchback prophecy.
These are just trader's comments, as I find the psychology interesting. For the most part, it's irrelevant here as the stock is now showing every indication of moving significantly higher. Personally, I wouldn' be at all suprised to see the $38ish level this week.