The EW for this asset is neutral right here. This implies that investors are divided, and we need to rely on TA for clues on direction.
Post earnings, fell back inside the lower range, after rejection at the bottom of the next range up. Some overhead resistance marked on the chart. Lets see what next week brings. New Jersey is likely to pass the legalisation bill next week. Could be a catalyst for the industry.
Remember, traders:
1. technical analysis
2. market psychology (elliott wave charting)
3. risk management
A man without a plan, is not a man!
Post earnings, fell back inside the lower range, after rejection at the bottom of the next range up. Some overhead resistance marked on the chart. Lets see what next week brings. New Jersey is likely to pass the legalisation bill next week. Could be a catalyst for the industry.
Remember, traders:
1. technical analysis
2. market psychology (elliott wave charting)
3. risk management
A man without a plan, is not a man!
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Added some thoughts for those that don't know what they are looking at :-)
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