! Announcement !
Due to the lack of interactions and tips, new chart posts will have less details to save time and efforts.
Please click on ads or leave a tip to help pay for awesome chart TA!?
I just opened up a crypto account, not sure how it all works though... (click to copy to clipboard)
Paypal: https://www.paypal.com/donate/?hosted_button_id=DJ59RG53BJY9E
Please send me a msg if you would like to tip other crypto.
Message @@NickolasCaskeyDue to the lack of interactions and tips, new chart posts will have less details to save time and efforts.
Please click on ads or leave a tip to help pay for awesome chart TA!?
Curaleaf ($CURLF): Buy or Sell?
Since July 14th, $CURLF has ran up +40% in their stock price. From the low of $4.79 to the high pivot of $6.75, now down -14% ($1). Curaleaf holdings stock price action maybe telling investors that more selling may occur for the start of September.
Quotes by TradingView
Curaleaf Stock Chart Analysis and Price Action Predictions
While since early summer, (June 22nd, 2022), if you take the low and run the volume profile up north to the peak, the POC is at a good, high $5.96-ish... and with the current price now at $5.91, not only did the pot stock unsuccessfully breakout the the channel's resistance, but the price action is now underneath the POC ("price/point of control").
Curaleaf Stock Divergence
Now, let's take a gander at those nasty divergence states these indicators have displayed. First, the MACD (on top) shows a major discrepancy not only with the volume histogram, but also with the moving averages/signals. Also, the Storch RSI and the traditional RSI display high to low divergence pivots when the price action via candlesticks keep going up. Uh-Oh...
$CURLF Stock Divergence (4hr)
Curaleaf on the four hour timeframe seems to point towards now being the perfect time to collect on this divergence as the MACD signal lines are now falling below the zero-line while also showing less momentum in volume.
Curaleaf ($CURLF) ConclusionMight be a little too early to be 100% confident on this prediction and ending up striking out on this prediction. Just trying to turn that corner before the market does...
Again, while the POC is strong and the MACD on the daily still shows the moving averages above the zero-line, I still think this one will collect on the divergencies.
The current price target would hit $5.70-ish. This would be if the pullback is sweet and simple, giving you an 'ABC" pivot points and return to the north trend. But, I also think that this divergence may make it sink a little lower towards $5.52 and if some investors panic, $5.20 with a chance of getting down to $5.09. 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.
×
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!
Comments
|
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.