The most recent triple top is in place; be prepared for a fall to $5.00. Unless of course if there is an upside surprise next Tuesday. Given the history of THC's overpaid management, what do you think the chances of that happening? 10%? Trotsky
Oh no, your sentiment is "sell"? Please say its not so!
Take another look at the chart of THC. Its not just a triple top...its a quadruple top! But every time it comes down from the top, it makes a higher low. Which means that the stock wants to eventually punch through the resistance and go higher. Over the last few years, THC has improved their earnings, and they're now profitable.Its only a matter of time when the profits will double, perhaps triple, and the stock will go much higher.
Please, tell me you're not short. I'd hate to be short going into earnings.
Not short, I'm slightly long. I've unloaded a lot. There are just too many issues in confirmed uptrends to waste time and money on this long bet. I saw the same things on the charts you speak about. The P and F calls for a top of $13.25; the question is when. Trotsky