Coming into earnings. Completely beat down with negativity everywhere in the MJ space. Any positive news could give us
a nice tradeable bounce of the the lows. Must break the downward trend line first however.
a nice tradeable bounce of the the lows. Must break the downward trend line first however.
Kommentar:
Looks like the Friday's move may have been short covering prior to earning.
Won't touch this until some earnings come out.
Won't touch this until some earnings come out.
Here is an option for a low risk trade using the 2618 setup. 50 SMA is big resistance.