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AYR Wellness ($AYRWF): Buy or Sell?
Unlike most of the cannabis sector, Ayr Wellness stock price did not get the early November correction but did see an end of month (Nov.) pullback that run up $1 (+26.6%) before continuing momentum of the downtrend. Does that mean a buy or sell for $AYRWF?
Quotes by TradingView
Ayr Wellness Stock Chart Analysis and Price Action Prediction
When doing my $AYRWF chart analysis, I think we are close to another pullback/correction, but I don't think it will be anything awesome. There is a small gap of volume that could be filled more, so there might be an increase in price action towards $3.41 - $3.50, but I suspect a little bit more selling for the cycle.
To add, I also extended the last support line (orange dash) and it appears it wants to be the new resistance level, if and when the pullback happens here. In trend conclusion, my Ayr Wellness stock price prediction will look for a chance to pivot around $3.17, $3.07 if that fails. If all of that goes in the trash, I am looking at $2.77 for shorts price target to start collecting on the cycle correction $AYRWF Stock Divergence (4hr)
Ayr Wellness chart analysis currently doesn't show any divergence being displayed. This makes me think that it will either start soon as the 5th wave gets going, or if not, we should see it during the correction, giving investors who are long a good time to see a potential trade.
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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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.