CURLF: Valuation Consolidation
CURLF is a solid MJ company but might need to consolidate on valuation basis
- Head and Shoulders are forming and could prove to be a good catalyst for such an event
- Elements of break down are visible: volume is deteriorating (into head and right shoulder), trend is diverging, relative performance is weak
- Longer term view remains constructive and many positive catalysts exist for MJ hence some breakdown is needed before entering a position
- Head and Shoulders are forming and could prove to be a good catalyst for such an event
- Elements of break down are visible: volume is deteriorating (into head and right shoulder), trend is diverging, relative performance is weak
- Longer term view remains constructive and many positive catalysts exist for MJ hence some breakdown is needed before entering a position
Trade fermée: cible de profit atteinte
Some decent support appeared - causing the breakdown to fail - this is a good place to cover with some profits on the short. It tested several times and can still break through but risk/reward probably not worth it here.Would consider entering long if it does breakdown.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.