Verano Holdings Corp. (VRNOF) Chart Analysis July 2022
After near perfect prior Verano Holdings Corp. chart analysis, from deep (6 months in the making) price prediction and wave theory, I return to update the VRNOF cannabis chart forecast.
What appeared to be an early to mid August bull run still looks like it could play out, but this marijuana stock ticker (likely others) will want to sell more, leaving me to suspect that there's (again) no legalization that makes it through and will likely retest in November (could be all smoke and mirrors too, as a knife could happen on the monthly and correct soon than expected).
Upon the downturn, theses levels are my price targets:
$4.87 - $4.54 - $4.26 = PT
$4.17-$3.87 = Possible Cycle Floor
$3.26 - $3.17 = If Aug. bull run fails (look to retest correction in Nov.)
What appeared to be an early to mid August bull run still looks like it could play out, but this marijuana stock ticker (likely others) will want to sell more, leaving me to suspect that there's (again) no legalization that makes it through and will likely retest in November (could be all smoke and mirrors too, as a knife could happen on the monthly and correct soon than expected).
Upon the downturn, theses levels are my price targets:
$4.87 - $4.54 - $4.26 = PT
$4.17-$3.87 = Possible Cycle Floor
$3.26 - $3.17 = If Aug. bull run fails (look to retest correction in Nov.)
