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Support maybe? - 4hr
Sitting right in the middle of the RSI on a 4hr chart, this thing really could go either way.
I like that it's respecting the VWAP (red) so I took a small position today @ $9.6 and bought a $12 call option for 1/15.
If we drop below $9.5, the 200 SMA is sitting right around $7.75 so I'll be setting my SL for $8.8 and waiting for support confirmation around $7.75 before jumping back in.
Regardless, I like this company heading into 2021 as US looks to decriminalize marijuana nationwide.
*These are my own thoughts and price predictions base off my own technical analysis*
Your money is YOUR RESPONSIBILITY.
Would love to hear your thoughts on this stock as well!
I like that it's respecting the VWAP (red) so I took a small position today @ $9.6 and bought a $12 call option for 1/15.
If we drop below $9.5, the 200 SMA is sitting right around $7.75 so I'll be setting my SL for $8.8 and waiting for support confirmation around $7.75 before jumping back in.
Regardless, I like this company heading into 2021 as US looks to decriminalize marijuana nationwide.
*These are my own thoughts and price predictions base off my own technical analysis*
Your money is YOUR RESPONSIBILITY.
Would love to hear your thoughts on this stock as well!
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