There are a couple of
There are a couple of double-digit gainers in the Cannabis sector as we come into the last hour. This isn”t runaway enthusiasm, so reducing exposure before tonight”s election results is only a strategic decision — nothing technically or in the charts suggests that a negative knee-jerk reaction down won”t be recovered. Not all stocks have behaved bullishly recently, so beware of being long them at anytime, let alone heading into a major news event.
VPCO has been strong all day, now more than doubling from last week”s dip that held its pullback limit under 1.70.
ATTBF — Finally probed fresh lows, albeit stopping just short of my objective before bouncing. Back above .25 would now be bullish.
TAUG — I noted earlier that yesterday”s dip back to the month-old low has been retraced prior to probing fresh lows, let alone my lower objective.
INSY — Volume is deteriorating into today”s bounce, which isn”t being too successful at retracing yesterday”s drop.
GBLX — Despite already having fulfilled its 1.50 target, the uptrend could still resume so long as pullbacks hold 1.00 as support.
