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Verano Holding Corp. ($VRNOF): Buy or Sell?
Verano Holding Corp. cannabis stock recently broke support and is busy making new lows... Is it time to buy or sell?
Verano (VRNOF): Stock Chart Analysis and Price Action Prediction
After applying some of my technical analysis towards the Verano cannabis stock chart, I am back on my wildness and acting coo-coo, making some new price action predictions that most pot stock investors may find ridiculous, but then again... LoL
As you can see from the chart image posted via monthly timeframe (above), $2.62 will be my first price target with a chance of that failing or if panic selling kicks in, $2.16 might come into play.
On the weekly chart, I give a little more details on the wave theory and price action pivots. As second half of December we should see $3.36 area provide a pivot that will create the pullback (4th wave) and then provide the 5th wave down which could show signs of ending in January '23 near price target.
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.