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Forum - Pinks and BB    Pinks And BB Top Stock Picks

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From: cardlynn (Rep: 128)Date: 04/15/2018 11:23
Forum: Pinks and BB - Msg #126112Thread #674003661 (Rec: 1)
I have an interesting observation on some of the weed charts if anyone cares about technicals at all. After studying Friday's action, many of the 30-40% movers (ie. AMMJ, SRNA, NUGS) have something in common: solid 50MA breaks have been the launching pad. They all ripped and pretty much moved parabolically after solid breaks. A lot of the ones that didn't gain as much (ie. CBDS, CNBX, CNAB, etc.) had 50MA tests, but got rejected at those levels. If you assume some early weed momo at the start of Monday, I think there is a good chance that those tickers that got rejected at 50MA Friday get a similar parabolic rip on a morning 50MA break.

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