I had hypothesized earlier that hempco could find support at previous resistance level after being in a very harsh downtrend. now blasting upward through resistance on news of Aurora cannabis's investment, showing that the bulls are still very much alive.
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Short term bull flag on big trading volume. Consolidating and potentially looking to make a move higher if volume is sustained
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Here is another snap of the 1 minute graph. This is a classic consolidation pattern seen in high volatility markets like marijuana and crypto.
Were seeing consistently high volume now in a short term upward trend. Theres a very strong chance that there is another gap up in tomorrows price action
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.