As we can see,
WEED
keeps tapping that new upward trend line quite nicely, leaving us with a third point of confirmation on our temporary upward trend line, indicated by dotted green. This however, brings us closer to a possible ascending wedge forming. After making a significant rally today, you can see that we touched the previously drawn resistance at 33.90, pulled back and now holding as I write this. So far we have been able to keep above our EMA200 very nicely, so will most likely close on the resistance line, let's see if we can turn it into support folks!
Thanks for viewing my charts!
WEED
keeps tapping that new upward trend line quite nicely, leaving us with a third point of confirmation on our temporary upward trend line, indicated by dotted green. This however, brings us closer to a possible ascending wedge forming. After making a significant rally today, you can see that we touched the previously drawn resistance at 33.90, pulled back and now holding as I write this. So far we have been able to keep above our EMA200 very nicely, so will most likely close on the resistance line, let's see if we can turn it into support folks! Thanks for viewing my charts!
