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$AAWH CHART ANALYSIS
Ascend Wellness ($AAWH) appears to be puffing low grade grounds, leaving their investors with a dirty contact buzz, but will a 420 spark up help achieve new highs?
Quotes by TradingView
TAKE A HIT OR LET IT SIT?
Ascend Wellness Holdings Inc. is currently on a downtrend, which just came out of an extension, starting end of February ('ABCDE').
The images below is on the weekly and daily comparison, fresh off the press (as of April 11th/current). Since I made the market prediction, it's been over four weeks and the stock price seems to behaved very similar towards my technical analysis. Spark Up or Cashed?
Ascend Wellness ($AAWH) is currently cashed for me and I don't think I will hit this joint for a while.
At time of prediction, the current stock price movement was in a running-flat extension and saw no point entering the trade. On March 10th, '22, the stock price was around $3.99, which dipped 5% next day, only to jump up 13% the next day $4.27 and then sold +12% the very next day. That's that type of hits I don't like. Currently, I see this bear trend will continue to produce a lower lows for a while until we get around $3.30 (for a small possible correction) and if it doesn't hold true, the ticker will likely be sold for a bit longer, down towards $2.60 ($1.40 end game PT if all hell breaks loose). I will set an alert around $2.90 (as it makes it's way down to my $2.60 target) to revisit this cannabis ticker and see if there is a correction that might light up new highs. Pot StocksWriting by Nick CaskeyPot Stocks provides stock chart technical analysis for cannabis investors in the marijuana sector of the stock market(s). Follow PotStocks420 on Twitter! Made or saved money by following these charts? Consider sending a tip or donate towards the analyst's pain management fund.
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Available Tipping MethodsAvailable Tipping MethodsI just opened up a crypto account, not sure how it all works though... (click to copy to clipboard) Please send me a msg if you would like to tip other crypto. Message @NickolasCaskeyThank you so much in advance!Keep this joint in rotation, pass it along!
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Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations by Pot Stocks - These are theories and ideas using a chart analysis method developed by Nick Caskey.