RE:For those asking about Technical Analysis 📈📊📊📈When I look at that chart it doesnt seem that bad, over the long term this thing keeps climbing. People can say whatever they want about the share split and overvalued stock price. For me holding on to my shares is probably the one glimmer of hope of finally getting back the money I have lost. Dont forget, we still have the month of August to go through in the holiday season. I figure in the next 5 to 6 weeks this thing should go on a good tear. GLTA
FibTrader wrote: This is the view of the 1hr chart
you can see it was consolidating and today it broke out of the ascending triangle
This is the daily
WEED broke a 9 month trend that started on Oct 30th and ask you can see is trading right underneath it. When trends are broken it indicates a change in sentiment . It looks like for the month of August it will continue to fall .
The next support zone to look for is the Gap created on May 14th, If it fills then its going lower .
after that if it continues to fall then look for fibonacci support levels at the 50% = $27.68 and 60% $22.7 before it goes back up. If it fails to go back up after that then god help us lol