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$PLNHF CHART ANALYSIS
Planet 13 ($PLNHF) is steamrolling through brisk highs that amount to lower lows, but could there be a post 420 session to get investors a bit higher?
Quotes by TradingView
Current Buzz
Planet 13 Holdings Inc. is currently on a downtrend, which might be entering a short extension/correction due to previous interval cycle, but I wouldn't expect too much from this buzz as it looks to continue through the primary cycle via 4th to 5th wave.
The images below is on the weekly and daily comparison, fresh off the press (as of March 27th vs April 19th). Since I made the market prediction, it's been a while and the stock price seems to behaved very similar towards my technical analysis. Let's take a closer look. TAKE A HIT OR LET IT SIT?
The weekly chart shows Planet 13 currently entering their primary cycle of 4th - 5th (right after an interval 5th wave ended). A small amount of divergence is starting to peak through the MACD and I would expect it to showcase more divergences as the week(s) more forward, leaving this cycle to appear almost complete mid May.
When approaching the POC target ($1.70-1.75), proceed with caution as the legs on this support table seems a bit wobbly and may be unstable to support all that volume on top and may crash near the prior support of $1.56, which come have a domino effect. As it is, there's no chance I will take a hit of this joint, instead I will set my alerts around $1.75 and see if there's a correction in May. By doing a few other cannabis charts, this may just be a small correction that extends the impulse through the summer, but still could be one to find some profits. 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.