CVSI LEVB FRLF HIPH and ACBFF are the main weed stocks im watching. I'm long over the weekend on CVSI after it broke the morning high, 5.00 psych level and 20dma into close looking to sell into a morning gap up since history shows continuations on day2s after strong first green day. LEVB was another day1 move after 3 red days but volume wasnt enought o break over the hod or 5.50 key level. if this can hold 5 suppor where it triple bottomed on day1, i'll watch to see if it can go r/g and squeeze for the day2 move... HIPH i'll look to dip lower after more consolidation or if it can perk over .80 key level and holds...ACBFF filed for an uplisting on NYSE and had nice reaction off on friday afternoon. this is already overextended but could get real interesting at 10-10.50 level.. the last weedstock to uplist to NYSE was TWMJF which turned into CGC......FRLF already put in 3 solid green days with the new investor news in the cbd sector so i wouldnt chase this, only dip on big panics.
TLRY CRON CGC are all coming down and cracking key levels. CRON has put in 5 red days already so potential day1 bottom bounce that. IGC potential day1 bottom bouncer after 3 red days off 4.00 support. NBEV looks like its cupping and handling still making higher lows most likely due to the trademark filed on the uspto website. a reclaim of 9.00 - 9.50 would squeeze out the shorts
ALT and VTVT are 2 billionaire/investor plays that has gave sympathy to FRLF also, but these are low float runners. ALT had its news on friday which squeezed the shorts when this was still a 5ticker. they had a conference on the weekend on oct 6 so over the weekend hold was a no go plus i wouldnt chase a low floater up this high... and you never know what they will say on the conference so its a gamble. potential day2 on dips only if reaction is good... if VTVT can hold 200dma it can probably squeeze as its put in 2 red candles but is stil above that 200dma level.
How long have you been into penny stock trading?
@Buldozer been studying since mid 2014 and started trading with a small account since mid to late 2017. how about u?
3 months in. Haven't been able to study like I'd like to but working on the transition, patience.
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