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$CRLBF CHART ANALYSIS
Cresco Labs Inc. has been trading south with some funky price movements, but can this 'funk' produce some good highs?
Quotes by TradingView
On the weekly chart, $CRLBF continues downwards, but gives little headroom for a '420 pump'. Let's take a closer look, eh?
Take a hit or let it sit?
Cresco Labs Inc was a cannabis ticker that I bet confused more than just their investors, as it did myself for a little bit. Bravo for the shorts on this one, they blew a lot of smoke clouds to analyze.
The image below is on the daily and fresh off the press (as of March 25rd/updated). Since I made the market prediction (Twitter post below), it's been just over two weeks and the stock price seems to behave nearly identical towards my technical analysis.
I included the MACD to in this image to help illustrate how to it helped me come up with my pivots and how useful the data came through on this chart analysis.
*Tip: MACD divergence commonly shows during a correction, or start/ending of the impulse wave(s), referred as "retail wave". Spark it up or is it cashed?
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.