RE:Any predictions for Monday $41.80-$42.10 is where I'll be looking to buy but would not be surprised to see a stronger selloff to as a stop loss attack into the $39s on Monday and Tuesday.
Unfortunately, I didn't profit take at $48 on Weed Friday. So I'll be likely buying on margin that scarier. We closed at $43.43 just above the daily low of $43.40.
The bullish news relating to Molson is towards APH so I would not be surprised to see money moving there but WEED is very solid. 96% BUY recommendation on Barchart.
https://www.barchart.com/stocks/quotes/WEED.TO/opinion On the 15 min charts we hit oversold so we should have a nice bounce and possibly a V shape recovery back to bullish.
Support levels are as follows and we could even see $39s:
Pivot Point 1st Support Point | 41.65 | |
| 41.24 | 50% Retracement From 4 Week High/Low |
| 40.71 | 3-10-16 Day MACD Moving Average Stalls |
| 40.59 | 14-3 Day Raw Stochastic at 30% |
| 40.43 | Price Crosses 18 Day Moving Average |
Pivot Point 2nd Support Point | 39.86 |
PS If you are an investor, just take any dip as an opportunity to buy and ignore trader-talk. I'm both here. A longer term investor and an aggressive short term trader.