XXII - Falling wedge reversal

17. Aug. 2018

Market settling down and XXII poised for recovery at 0.236 Fib entry of $3.25.
Not good if it goes below this.
Wait for CCI to turn upward -150 range, likely within next day trading.
Look for resistance to break upward in next week for next area most likely 0.5 (2.50).
Solid stock for nicotine free tobacco and acquisition candidate.
Cannabis stocks started upward this week as safe have and Cboe IX hitting 16. Currently at safer 13.45.

Links:
tradingview.com/symbols/AMEX-XXII/
finstead.com/posts/XXII-buy-or-sell/
Q2 2018 Earnings report: finance.yahoo.com/news/22nd-century-2q-earnings-snapshot-233240120.html?.tsrc=rss

21. Aug. 2018

Trade ist aktiv

Keyboard Kowboy makes good point of bouncing off this line for those who need to capture and reentry. At some point this is resistance broken for LONG. BTI, MO, PM acquisition as approvals for XXII in China coming.

6. Sept. 2018

Trade geschlossen: Ziel wurde erreicht