I find it odd that after ACB, Aphria, and Wayland Group were chosen Friday to cultivate and distribute medical marijuana in Germany, only Wayland Group (who happens to based in both Canada and Germany) got a boost, and a big one at that. Or did it? When I looked at the chart I was startled to see it was short lived and now is but a great big red candle with a great big red wick....strange indeed. Is there some news we have yet to hear? In any case I also did an ACB overlay atop Canopy Growth and it just looked like a smaller version, so everything jibes. We arae just doing what the rest of the sector is doing.
A good scenario at this point would be a sideways channel. As long as we can hold 8.36 as support we will be ok, but we are going to have to find the momentum to break through resistance of 9.31 or eventually we will fall below support. Until then all we can do is wait and hope that either daily traders or news of some sort will give us the momentum we need. Until then...cheers.
A good scenario at this point would be a sideways channel. As long as we can hold 8.36 as support we will be ok, but we are going to have to find the momentum to break through resistance of 9.31 or eventually we will fall below support. Until then all we can do is wait and hope that either daily traders or news of some sort will give us the momentum we need. Until then...cheers.