VIDEO: Technical Analysis of Planet 13
Watch Stephen Goldman as he evaluates Planet 13 Holdings (PLNHF) using the Know Sure Thing (KST), volume, and the volume-weighted moving average (VWMA) to find out when to buy and sell Planet 13 cannabis stock. Read on to see what these technical indicators are and how they can help you make an educated decision when trading cannabis stocks and hemp stocks.
What is KST?
The KST or Know Sure Thing is a smoothed price indicator. The KST is useful to identify major stock market cycle junctures because its formula is weighed to be more substantially influenced by longer (more dominant) time spans, in order to better reflect the primary swings of the cannabis stock market cycle. The concept behind the oscillator is that price trends are determined by the interaction of many different time cycles and that important trend reversals occur when a number of price trends are simultaneously changing direction.
What is VWAP?
The volume-weighted average price or VWAP is the ratio of the value traded to total volume traded over a particular time horizon – typically one day. VWAP is a measure of the average price at which a stock is traded over the trading horizon. VWAP is often used as a trading benchmark by cannabis stock investors who aim to be as passive as possible in their analysis. The aim of using a VWAP trading target is to ensure that the cannabis stock trader executing the order does so in line with volume on the market.
VIDEO: Technical Analysis of Planet 13
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