Hmmm... after last night's drop, filling the first of those gaps, I don't like the look of this chart at all.
Basically a descending triangle breakdown,
with an initial target which would comfortably hit the last gap @ $9.96
The US Fed news is also concerning for markets generally...
https://www.cnbc.com/2022/01/05/fed-minutes-december-2021.html
...a definite progression from just tapering the rate of bond purchases, to actually rolling off the balance sheet.
Add to that the coming interest rate hikes, and spec sectors like cannabis become a less attractive risk proposition.
Just exited CAN @ 29c
- Forums
- ASX - General
- When will we want Weed...
Hmmm... after last night's drop, filling the first of those...
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)