Anyone see what the sector is doing just now?Canopy just broke out of yesterday high along with APHA, OGI and others as the DOW moved past the day downtrend.
The candle pattern yesterday and today is so far identical to Mar 26 and Mar 27. What many fail to see is the Mar move streatched back to Mar 18 and gave nearly a 375% 7 day leg up.
This leg is from Jun 2. on a 5 day and less than a 200% move. The 1.73 high and 1.40 lows are matching but don't expect the close to match (1.53) because this leg vol is over twice as much. Just saying, money is moving into this beat up sector. Still expect this leg will be in the 3.00 range before all said and done.