SUUN Stock Rallies on $4M Project Payment – Inside Day Sets Up Potential Breakout

 

Above is a daily chart of SUUN, and what grabs my attention is the massive volume over the past several days. This surge comes after PowerBank Corporation (NASDAQ:SUUN) received its initial $4 million payment for the previously announced Elmira, Jordan Road 1, and Jordan Road 2 projects. The company expects the remaining portion of the $41 million transaction to be paid as construction milestones are met. This milestone-based payment schedule follows standard solar EPC industry practices, aligning revenue recognition with project progress and mitigating risk.

From a trading perspective, the volume spike indicates strong interest and participation in the stock, which is always something I look for when evaluating potential entries. The price action shows SUUN forming an inside day following Tuesday’s big rally, which is a classic consolidation pattern. Inside days often signal that the market is digesting the prior move before deciding on the next directional push.

The key level I’m watching is $2.18, which was Tuesday’s high. A break above this level could offer a potential long opportunity, as it would indicate that buyers are ready to push the stock higher after consolidating. With the combination of strong volume, positive fundamentals, and a clear technical pattern, SUUN is a stock I’m keeping on my radar. For traders who focus on breakout setups and continuation patterns, this chart is definitely worth watching closely over the next few sessions.

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Cannabis Stocks and Seasonality: Why January and February Matter Most

 

With just a few trading days left in the year, I wanted to take a step back and talk about seasonality in the cannabis stocks. When I look at seasonality, I usually start with MSOS, but in this case MJ gives us a longer data set, which makes it more useful for this type of analysis. Above is a seasonal chart of MJ, and what immediately stands out to me is that we are approaching what has historically been the most bullish time of the year for cannabis stocks.

As the chart shows, January and February have consistently been the strongest months, and they tend to produce the largest gains. That doesn’t mean prices will automatically move higher just because the calendar flips, but seasonality does give us a roadmap. It helps frame what is more likely to happen based on historical tendencies rather than emotion or guesswork.

If you’ve been reading my recent posts, you already know that from a technical standpoint I believe the cannabis stocks are setting up to turn higher. We’re seeing constructive price action across many of the major names, and that technical picture lines up well with the seasonal tailwind we’re about to enter. When technicals and seasonality start pointing in the same direction, I pay attention.

What really adds to my interest right now is volume. December has seen record monthly volume in names like MSOS, MSOX, CGC, TLRY and several others across the space. Heavy volume often shows that large players are positioning ahead of a potential move, not chasing it after the fact. On top of that, there’s a possible fundamental catalyst on the horizon, with Pam Bondi reportedly under pressure from President Trump to finalize marijuana rescheduling by the end of January. Whether or not that happens exactly on schedule, the market tends to move in anticipation, not reaction.

Of course, seasonality is not a guarantee. Nobody has a crystal ball, and anything can happen in the short term. All I’m doing is weighing the probabilities and sharing how I see the pieces lining up. Right now, technicals, volume, and seasonality appear to be working together, and that’s enough for me to stay engaged and prepared. I’d love to hear what you think.

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TLRY and Cannabis Stocks: Watching for a Post Holiday Turn Higher

 

The day after Christmas is usually a low volume session, but over the years, I’ve noticed that some of the most significant moves can happen on these quieter days. I think the lack of volume sometimes amplifies the swings, which is exactly why I want to be ready for Friday’s session.

Looking at the daily chart of TLRY, we are holding support nicely, and we just put in an inside day on very low volume. This is particularly interesting because it comes after four consecutive lower highs on the daily chart. The high of the mother candle sits at $10.95, and I’ll be watching closely to see if TLRY can break back over $11 for a potential long entry. I like this setup because it combines several factors that often precede a move higher: consecutive lower highs, an inside day, support holding, and lower volume on the pullback. It’s a confluence that tends to attract buyers once the right trigger occurs.

TLRY isn’t the only stock showing this kind of pattern. Many other cannabis names, like MSOS, GTBIF, TSNDF, and CRON, are displaying similar setups. When I see multiple stocks in the same sector lining up in this way, it gives me more confidence that we could be on the verge of a broader move higher.

For me, this is a reminder to pay attention to these setups and have a plan ready. I’ll be watching for entries above key levels, keeping an eye on volume, and monitoring support closely. The combination of a low volume post holiday day and a potentially bullish technical setup makes this a session where I want to be alert and ready to act. All of these cannabis stocks are on my radar right now, and I believe we may be in the early stages of a turn higher.

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Waiting for Confirmation: How NVDA Avoided a False Breakdown

 

Above is a daily chart of NVDA, and in the lower pane I have a ratio line of NVDA versus SPY. This setup offers a great lesson on why waiting for confirmation is just as important as identifying a potential setup. Spotting relative weakness is one thing, but acting on it too early can quickly turn a good idea into a bad trade.

About six days ago, I posted about the relative weakness I was seeing in NVDA. The ratio line was making a new low ahead of price, which is often an early clue that a stock may continue to trend lower. This kind of divergence gets my attention because it can act as a leading indicator, showing weakness that isn’t always obvious on the price chart. At the time, the setup made sense, and a bearish outcome seemed possible.

However, I was very clear with myself about one thing: I was not going to act without confirmation. For me, that confirmation was a break of key support at 169.55. That level had been defended a couple of weeks earlier and until it gave way, any short position would have been based on anticipation rather than evidence. Anticipation can be expensive in this business.

As you can see now, NVDA never broke that support level. Instead of rolling over, price held above 169.55 and has started to show a bit of strength. The relative weakness I initially observed did not follow through, and the market resolved the situation by moving higher instead. Because I waited for price to confirm the idea, I stayed on the sidelines and avoided what would have turned into a losing trade.

This is a perfect example of how discipline pays. The ratio line gave me an early warning, but price had the final say. By waiting for confirmation, in this case a clean break of support that never happened, I protected my capital and my mindset. Not losing money is often just as important as making it, and patience is what made the difference here.

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Relative Strength vs MSOS: How YCBD Signaled a Move Before the Cannabis Sector

 

Today was a great real time example of relative strength versus MSOS, and it reinforced an important lesson I’ve learned over the years. It’s not enough to only compare your stock to the S&P 500. That’s useful, but it’s incomplete. You also need to know how your stock is behaving relative to its industry group. In this case, that benchmark is MSOS, the cannabis ETF.

If you look at the 5-minute chart of YCBD above, with MSOS plotted in the lower pane for comparison, something immediately stood out to me. Around 1:00 ET, MSOS was making new lows and was clearly in a downtrend. The entire cannabis space was under pressure. Yet YCBD refused to follow it lower. Instead of making a new low with the group, YCBD put in a higher low. That divergence is not random, and it’s exactly the kind of information I look for when I’m hunting for opportunity.

When an entire sector is being sold, as clearly shown by MSOS, and one stock simply stops going down, that tells me sellers are running out of ammunition in that name. Buyers may not be aggressive yet, but they’re quietly absorbing supply. I even pointed this out on social media in real time, saying I was watching YCBD for a break of the high of day.

Once that high of day was taken out, YCBD responded exactly how a strong stock should. It gave us a clean pop and closed near the highs of the session. The real confirmation came after the closing bell. While every other cannabis stock went quiet, YCBD kept pushing higher, eventually tagging 1.93 in the after-hours session. It’s no coincidence that it was the only cannabis stock moving after the close.

Relative strength, especially relative strength against the ETF representing your industry group is what tipped me off to this move. On the daily chart, we now have our first green day after a three day selloff. That’s a small but important change in character. From here, I’ll be watching closely for continuation to the upside in the days ahead, letting relative strength continue to guide my decision-making.

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