Roll me a Big Fatty…..
Move over Colorado. Make room for Canada. This week the Canadian Parliament introduced framework legislation that (if all goes well) will see marijuana legalized in Canada come Summer 2018. As of here and now, weed for medical use is legal and a small handful of companies are licensed to grow the stuff and distribute to people medically authorized to buy. One of these companies is Canopy Growth, ticker symbol WEED. This is a young company and as such I do not have a good handle on how various astrology events affect its share price. But, what I have done is apply Pluto Quantum Lines to the WEED stock chart as follows:
I am quite pleased how these Quantum Lines are acting as support and resistance. I do hope you can utilize these lines in your trading strategy. Recall that a Quantum Line is calculated as {[heliocentric Planetary position * 1/N] + [360/N]} * (x) ; where N=1,2,4,8,16,32,64,128,256 etc… Pick a value of N so that the Quantum Lines fall within the trading range of the stock being analyzed. In the above equation x=1.000, 1.125, 1.25, etc…to create a whole family of Quantum Lines.