***Linked below: I drew $STMH as a wedge breakout back on 1/26/21
***Linked below: a repeating breakout pattern I've noticed recently in some big movers
Revisiting the $STMH chart, I believe how I've drawn it here is a much better way to visualize it. I noticed this ascending triangle/multiple 'loop' pattern breakout in some high flyers, and what $STMH is doing looks a lot like it. Combine the pattern with the turning of prior $0.60 resistance into support, the surge in volume, and knowing that weed stocks have all taken off, I'd say $STMH is setting up for a big, big move higher.
***Linked below: a repeating breakout pattern I've noticed recently in some big movers
Revisiting the $STMH chart, I believe how I've drawn it here is a much better way to visualize it. I noticed this ascending triangle/multiple 'loop' pattern breakout in some high flyers, and what $STMH is doing looks a lot like it. Combine the pattern with the turning of prior $0.60 resistance into support, the surge in volume, and knowing that weed stocks have all taken off, I'd say $STMH is setting up for a big, big move higher.
