I'll take a break from my fairly regular crypto analysis to show off a 'weed' stock I love. What a beautiful set up for higher. Since it's all time lows in the 20 cent region, it has moved strong through our 'fibonacci pinball' method, indicating that it should continue to hit our targets, as long as supports hold. Those projections should bring it eventually into 4 digits as shown. Note that time is not part of the model so the X axis is surely in correct. Note also, how many beverage companies are looking for companies in the CBD infusion drink space. It is no wonder this stock trades this way.
Note that Zac and Garrett do a great job in the Stockwaves service, covering Elliott Wave analysis on hundreds of US and Canadian stocks. I'm the crypto analyst, but if looking for stocks, they have you covered.
Note that free 15 day trials are available for our trading room and community on Elliott Wave Trader, where I am a full time analyst. You'll rub noses with professional, amateur and traders in the learning process, while getting trade calls and ongoing direction for the market. No credit card is needed for a trial.
Note non of my work, including the larger body of work for subscribers is intended to be a trade recommendation a I do not know your financial means, or risk tolerance. These are valid setups that can provide return, if using tight risk management with stops.
