Barkworth

Barkworth

Finally starts to make some sense.

Barkworth

If this gets rejected here again, look for a retest of $29 or $27

Barkworth

Still on the sidelines with this one.

Barkworth

This is my expectation, based on the degree of this correction. I believe we have only just seen the A wave. Good money to be made on a B wave here. Need to assess as she goes. An impulsive bounce would make me reconsider.

Barkworth

Still one of my favourite under the radar plays. Strategic partners with Imperial Brands.

Barkworth

She was the first pot stock above EMA5 and SMA10. Leading the market.

Barkworth

Structure, so far, looks impulsive. Could be the star of a new uptrend.

Barkworth

She took the proposed bearish alternative path. Announced a new shelf prospectus of $1B yesterday. If $8.14 is lost, the previously proposed bullish alternative will be invalid. $1B shelf prospectus. Does that suggest that they are looking to make investments? The amount seems rather high, considering they already had a new prospectus for $300M.

Barkworth Updated 

Still no real idea of how to properly count this correction, but fortunately, we have TA to aid us. Anticipated move to top of channel achieved, and currently above EMA5 and SMA10 on the daily chart. That means we could be looking at the start of a new uptrend.

Barkworth

Not entire sure how to count that drop yet, but with the hourly price moving above MA8, 21 and 50, we are likely looking at the start of a new hourly uptrend. Time will reveal if this is a B wave or the start of a new motive sequence...

Barkworth

Recently lost intermediate degree with the current correction. Primary 3 reached a whopping 3.414 primary 1. The .618 is at $28.

Barkworth Updated 

Interesting to see a confluence zone for INT3 through extension of Minor 1 & 2 and Primary 1 & 2. Just targets calculated, not the time aspect. Given momentum and catalysts for the industry, it would be reasonable to assume that the top is not yet in for 2021.

Barkworth

Took me all weekend, but I am confident that this has rooting in reality. INT1 complete, currently expecting INT2 sharp, but could expand. What a monster to decipher!

Barkworth Updated 

Friday's price action made me take a detailed look at the internals. I've gone over every single minute of this one, and can only propose two 3 wave moves at primary degree where the recent correction entered into (1). I am confused. Anomaly? 3-3-3 against the trend? Macro trend still down? March to June 2020 is a 3 wave move. I've seen people assume this to...

Barkworth

If you could the corrective sub waves, it would be reasonable to expect a bounce. Bounce could be impulsive or corrective. Two paths proposed.

Barkworth

Same as TLRY. Looking for a bounce. Bounce could be impulsive or corrective. Two path proposed.

Barkworth

Charting parabolic moves is impossible. I've said it before, but made an attempt anyway. The first leg of the correction was predictable and textbook. Right now, we're in a bit of a limbo. I have abandoned the macro count for now, and will reassess when more data becomes available. For now, I see a channel, and I am playing for a bounce. Bounce could be...

Barkworth

As proposed earlier, we got the anticipated retest of downtrend. Meeting MA100 at the same time. Levels on watch.