This month I would ask readers of this article to pay attention to where the stocks they follow are situated on a chart similar to the ones I’ve shown in this article. Are they at an area of support? Are they making a series of higher highs and higher lows indicating an uptrend? Has your stock just experienced a breakout of a clear trading range or above clear resistance? (think $2.80 for $ACB). I challenge the reader to include charts in their day to day and week to week analysis of your stocks and see if you can use them to help with your investment decisions. As I just showed, Canopy is making highs and a lot of names are setting up in similar patterns as Canopy and PharmaCan thus I expect other names to make moves and follow the leader.
Readers who enjoyed this piece can check out other articles I’ve written on setyourstop.ca or can follow me on twitter @dyro01676. I thank you for your time!
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