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$CCHWF CHART ANALYSIS
Columbia Care Inc, following the overall cannabis sector, has been displaying 'Reggie Miller type highs' leaving investors wondering if they will get a playoff buzz.
Quotes by TradingView
On the weekly chart, $CCHWF has been hotboxing inside a running-flat, but on a daily it appears as a reverse symmetrical triangle, will it pop out fresh or need a weed nap?
TAKE A HIT OR LET IT SIT?
Columbia Care Inc currently has been in a wedge/reverse symmetrical triangle, it looks like since end of December of '21. If on a 3x3(5) schedule, than I would assume this wedge is nearly at its end and we should see the next major pivot form.
The images below is on the weekly and daily comparison, fresh off the press (as of March 25h/updated). Since I made the market prediction (Twitter post below), it's been just over two weeks and the stock price seems to behave exactly towards my technical analysis. SPARK IT UP OR IS IT CASHED?
I see hardly any volume under the $2.45 area of support and assume it will drop below that until $1.80, there we could see if a cycle correction is possible, but be weary as last time this cannabis ticker was in that zone, some may have panic and sold pushing price action down to $.70's, which could happen again, giving the weight of recent volume that this weak support as to hold up.
As for me, I don't think I'll be hitting this joint anytime soon, but will keep an eye out mid/end of May for possible swing. ![]() 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.