the weed sector is finally looking heavy again. IGC and NBEV are potential gap down red day continuations tomorrow thats why i played it safe on PURA which probably was the right move since LEVB sold off a/h, and HIPH couldnt hold its breakout level.. but ill still look for potential dips on HIPH since they have the spinoff news coming thursday with NOUV.. DTEA closed strong but also sold off afterhours.. no play for me since it couldnt hold 3.65 key level...KGKG is the other low price cbd beverage play which held .020 support into close.. this one wasnt really a true day1 move. i wont be too aggressive the overall sector moves especially TLRY CRON CGC which has been coming down now.. we really need some more consolidation before the legalizaton news or else eveything will be choppy and overextended by the time the new news comes.
ALEAF filed for an uplisting to nasdaq but didnt have a reaction to the PR today. watch for a r/g move to confirm a potential first green day just in case it has a late reaction. already put in 3 red days. if 2.50 holds we might be able to see a volume perk for that green move.
OGEN is overextended on day3 and tried to put in a red day but shorts got squeezed into close. potential short on a r/g rejection.
VTVT up 150% on the day on the first green and squeezed a/h to 2.50. i wouldnt chase this one up since it has a shitty longterm bad sushi chart. potential short into excessive spiking
Bad Sushi chart. haha
@KNUT haha yeah! Tim taught me about bad sushi charts. they have big gap downs for reason :)
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