RE:The play on Monday by Chart Man DanDuediligence33 wrote: The chart man describes what the traders have planned on Monday. A typical 3 % gap down low then a reversal for a modest bounce to lower highs. He mentioned institutional sellers getting out as others here have mentioned and Doobiebaby made VERY good points for his selling over $ 40 about 10 days but his rationale about the Hiku being ill advised was dismissed by the board. 52 week high is $ 48.72 52 week low is $ 8.15 Average is $ 28.44 I will buy a trade at $ 30 sell at $ 32 I will buy a trade at 28 sell at $30 I will buy and HOLD at $ 26 to October 17 for new all time high $ 55 or so Sell ALL then as the MJ sector will then trade on Fundamentals revenue and costs containment and profits. Unknown surprises could screw this up such as Ontario MOU being more or less than expected and some partnership with APH or ACB by major pplayers such as Diageo or Molson or some major media report of a good or bad new developments Talk of going to 0 is just as crazy as talk of $ 150 for THIS year 2018 but 2019 could be anything depends on politics and revenue and social acceptance of MJ use edibles and beverages and impaired driving and workplace safety issues. Not pumping Not bashing Just trying to make money like everybody else have to be realistic
I like your analysis. You admit there will be better buying opportunities even short term but better mid term.
The charts say so,,,
https://www.tradingview.com/symbols/TSX-WEED/
You are neither a pumper nor a basher. Just a person who offers common sense analysis and I applaud you for that.