CURLF: Valuation Consolidation

CURLF is a solid MJ company but might need to consolidate on valuation basis
- Head and Shoulders are forming and could prove to be a good catalyst for such an event
- Elements of break down are visible: volume is deteriorating (into head and right shoulder), trend is diverging, relative performance is weak
- Longer term view remains constructive and many positive catalysts exist for MJ hence some breakdown is needed before entering a position

Trade chiuso: obiettivo raggiunto:

Some decent support appeared - causing the breakdown to fail - this is a good place to cover with some profits on the short. It tested several times and can still break through but risk/reward probably not worth it here.

Would consider entering long if it does breakdown.