I think the weekly looks very bearish with the big hanging man doji reversal setup putting in a new weekly low. I think the whole sector got to high pre legalization running up a smoking 208 % since AUG 13!! Everything needs to burnout have a nap, a snack and let everything cool off then the real party will begin with earnings !! We will see what happens from there, all depends on SPY . This chart is what i would like to see happen (i really wanna buy more acb in the $7-$8.00 range !!!!) it is the .786 fib by the way ;) If not ... i think we retrace to $9.30 range then blast up but heres to wishing hey !! Im all cash at the moment waiting to catch that falling knife!!
Have fun friends!!
Have fun friends!!