the overall weed sector tried to recover towards eod with CGC reclaiming 50... CRON putting in a day1 bottom bounce. IGC putting in a day1 bounce too and squeezed shorts on a vwap reclaim into close....NBEV had its 3rd red day so potential day1 bottom bounce on that soon, watch for the r/g move. potential continuation on IGC if the sector maintains strength after consolidating a bit.
ALEAF TGODF were on their first green days today. i'm long overnight on ALEAF like i was on CVSI with the same first green day pattern. ACBFF is now breaking out over weekly breakout over 10.42 running on uplisting to NYSE news. i'll watch for continuation on it tomorrow if it can hold the breakout but its already up on day2 so the breakout really needs to hold.
FRLF HIPH KGKG and PURA are the lower priced cbd beverage plays that are coming down now. i'll be looking to dip these into morning panics but if they gradually come down i'll only look to buy the day1 bottom bounce.
GEVO PEIX and AMTX are up on news on Trump announcing federal ethanol news today. all are on day1s on these former spikers but i wouldnt chase since these are choppy. sell into strength on day2 if long.
Join now or log in to leave a comment