RE:February Technicals Hello IrishCanuck,
Those pivot points are for the 6month chart. I imagine you have a good reason for using the 6month instead of 3month or 1month chart.
TIA.
IrishCanuck wrote: I've actually gained appreciation for a few technicals over time. I've learned how much computers do the real trading, but overall you always gotta keep emotions in focus as a bigger driver than anything. So take these with a grain of salt:
February Pivot Points are way further apart than January.
APHA (CAD) is $10.36, $14.09, $19.29 which we broke through, $23.02 and finally $28.22
TLRY is $10.13, $16.37, $24.34 which we broke through and retesting, $30.58 and $38.58
We're way above the 200, 50 and 10 day moving averages so we're in the territory you'll need a strong stomach if things go sideways before there are any bounces.
As always I won't make a prediction about the next week, only that July 2021 will be looking NICE! No trading for me, just holding strong :)