100 day MA vs 10+ daily supports

13 Nis 2018

Weed is in a battle with the 100 day MA at 28.25 (formerly 28.50). We have taken 6 runs at it in the past week. The good news is every time it rejects the share price drops less and less. We now have a solid support around 27.70. I chose the 15 min chart to show you the candles. Expect WEED to come out flying. The final 45 minutes seen some major green followed by an attempt to push it down to 27.60. That was quickly bought up. When you see a green candles followed by that final candle it means the bulls are in full control.