Wayland Group Corp MRRCF

Wayland Group Corp, formerly Maricann Group Inc produces and sells medical marijuana. It is currently engaged in cultivation, extraction, analytics and production facilities to elevate offerings and prepare for growth into the adult-use cannabis market in Canada.

GREY:MRRCF - Post by User

Wayland Group Corp

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Comment by mudpuppyon Jan 16, 2019 11:02am

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Post# 29239425

RE:RE:RE:RE:RE:RE:Gap up this morning

MeowMeowFC wrote: So you're thinking we're likely to finish consolidating at around 1.25? I've been thinking of this price level.

mudpuppy wrote:

MeowMeowFC wrote: I don't fully grasp the whole Fibonacci concept yet. I've been doing a reading on it but I can't figure out which level we are likely to revisit. I know the bigger the movement the larger the retracements. But then there are a whole bunch of other factors to consider. Any books you recommend I read?

mudpuppy wrote:

MeowMeowFC wrote: Yes I am trading and investing at the same time. If anybody has any insight into trading I would love to hear about it. I'm an open book give me your ideas. If anybody here is a successful and consistently profitable Trader, please share how you would handle this situation.

MeowMeowFC wrote:
Hard to play technicals when a company makes a deal with another company. The technicals suggest we are due for consolidation but the level two window suggest we have a lot of bidders looking to buy shares. So now the question is, are we gapping up and moving forward or are we going back down to a $1.40 where our next large bid is?

topped at the 200dma yesterday.......now looking for bottom over next few weeks. check your fibonaccis.

can't recommend any books, but I think likely to retrace 62% of run up.