We last looked at Canary seed on March 3
with the following comment:
Canary seed testing the 50-week moving average.
The February 9 analysis
with the following comments
We can see that the average price is between the 40 and 50 Week Moving Averages at the 0.382 Fibonacci Retracement from the 2021 move.
Notice the confluence of the moving averages, the 0.382 Fib level and the yellow trendline from the start of the move.
Each of these on its own can offer support and provide a bounce in the price.
I will not panic sell and will instead monitor, looking for evidence of buyers stepping into the market.
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