Chart of the Day: NBEV
I'll take a break from my fairly regular crypto analysis to show off a 'weed' stock I love. What a beautiful set up for higher. Since it's all time lows in the 20 cent region, it has moved strong through our 'fibonacci pinball' method, indicating that it should continue to hit our targets, as long as supports hold. Those projections should bring it eventually into 4 digits as shown. Note that time is not part of the model so the X axis is surely in correct. Note also, how many beverage companies are looking for companies in the CBD infusion drink space. It is no wonder this stock trades this way.
Note that Zac and Garrett do a great job in the Stockwaves service, covering Elliott Wave analysis on hundreds of US and Canadian stocks. I'm the crypto analyst, but if looking for stocks, they have you covered.
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Note non of my work, including the larger body of work for subscribers is intended to be a trade recommendation a I do not know your financial means, or risk tolerance. These are valid setups that can provide return, if using tight risk management with stops.
Hey, I'm your first comment.
P.S. I also downvoted your post.
Why would you downvote his post?
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It's probably too marketing for him. To which I understand. I am shamelessly marketing. But I know my services are not for everyone, and I also freely give a certain amount of my material out to the public and this work is valid. Those that have followed me long enough know that. To each his own.
There’s no rule against marketing your products here. I was just curious what his answer would be. I didn’t see anything warranting a downvote.
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Maybe he doesn't like weed, LOL. I live in California and have been a long time insomniac due to a bad reaction to a prescription from a doctor that 'burned' some of my neurons. Crazy. Well, a mild dose of CBD/THC, not enough to get high has been amazing. Fortunately I don't suffer all the time, but when I do....
Nice setup. Would be nice to get an update on Cronos you posted some time ago.
That broke down as shown, My primary is we have a 5 wave top and heading into the lower box. But we may have red ii. The problem with that setup is it will gives us a large ABC.
Thanks
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