Barkworth

Barkworth

I really don't like that nasty candle that was set two days ago. Ended the day with an hourly bear flag. Followed up yesterday with a healthy pull back. Yesterday it bounced off of supports, and when volume decreased, otherwise down with the market. The close saw yet another bear flag on the hourly. What will be today. Markets don't look promising. So far, no...

Barkworth

RSI looks to have room for another move up, compared to previous highs, but after a solid day with just bullish activity, perhaps it would be smart to take profits at the former resistance level, just below $11, before buying back in at any of the hourly supports? Do share your plans, people.

Barkworth Updated 

I'm not an expert, but I would say that today is the last time ACB can bounce the US$7/CAD$9.35 support. If it does today, we'll have a complete head and shoulders pattern, which is a bearish signal. We have key supports S1 at US$6.70/CAD$8.90 and S2 at US$5.84/CAD$7.80. I just read an article about Senator Booker's support for US legalisation, and European...

Barkworth Updated 

I get a lot of questions from new investors about Aurora Cannabis, mostly in response to media coverage about how share dilution has ruined the share price. I have to explain time and again, that the cannabis industry as a whole, has been making moves in anticipation of legalisation, farm bill, etc. If you look at ACB's wave of the past year or so, it becomes...

Barkworth Updated 

ACB has seen three cup and handles in a row, and we're currently in the handle of the third cup. Studying the hourly chart, you'll see a clear bull flag pattern has formed. We'll be looking for a higher high, and I am expecting to see CAD$12 / US$9.20, mostly because the last high was at CAD$11 / US$8.34. For this pattern to complete, bulls will have to hold...

Barkworth Updated 

Radient just recently published its results for Q1. With the newly granted license, this company can now, for the first time, start to generate revenue. Looking at its financials, I think they are in an extremely good position. The $1 is a traditionally tough resistance for penny stocks to break. It is at this very level that RTI is trying to break back into its...

Barkworth Updated 

I think it is clear by now, that ACB is not spiking upward through an impulse wave. But similarities with last fall are striking in many ways. We can definitely tell that ACB's current moves are not impulsive at all. I would almost feel certain that its current path is sustainable, rather than impulsive. The 50 and 200 EMA crossed over, the RSI is properly cool....