Tetra Tech Corp. on 3rd falling wedge, await 7 life cat bounce
watching for entry, pulse, dead cat falling wedge for 3rd cycle (2014, 2016, 2018)...TBD
About: Terra Tech Corp. operates as a vertically integrated cannabis-focused agriculture company. The company operates in two segments, Herbs and Produce Products; and Cannabis Dispensary, Cultivation and Production. The Herbs and Produce Products segment offers hydroponic herbs, produce, and floral products. The Cannabis Dispensary, Cultivation and Production segment operates medical marijuana retail and adult use dispensaries under the name Blum, which provides a selection of medical and adult use cannabis products, such as flowers, concentrates, and edibles; and produces and sells a line of medical and adult use cannabis flowers, as well as a line of medical and adult use cannabis-extracted products comprising concentrates, cartridges, vape pens, and wax products in California and Nevada. Terra Tech Corp. was founded in 2010 and is headquartered in Irvine, California.
$122M Cap, down 52% YTD, $38.5M rev. 7-1YOY, rev gr. 38%, 127K shares bought by insiders last 2 yr. (strong), Inst. MF hold 0%, while wealth manag. <1%, so mostly private investors, so high upside if legallized, earnings range -0.30 (3/8) to 0 (1/8), so still not profitable pop needed (11/7/18 next announcement). 8.7.18 was -0.17.
The rapidly rising demand for Cannabidiol (CBD) and Hemp based products is showing no signs of slowing down as expectations to push both markets into new territories with exploding sales value in the next coming years. The global industrial hemp market size is expected to reach USD $10.6 billion by 2025, according to a new report by Grand View Research, Inc. and the market is anticipated to expand at a CAGR of 14.0%. The North American CBD market is primed for expansive growth across its three primary sectors, hemp-derived CBD, marijuana-derived CBD and pharmaceutical CBD. With recent developments and advancements in the hemp industry, farmers across the country are turning their attention to commercialization looking for the road to profitability. Increasing R&D activities to develop perfect agronomy and new genetics of crops to obtain high yield and improved product quality are expected to have a positive impact on CBD - Hemp production. Active Companies from around the market with current developments this week include: Marijuana Company of America (MCOA), Inc., GrowLife (PHOT), Inc. MPX Bioceutical Corporation (CSE:MPX) (OTC:MPXEF), Kush Bottles, Inc.(KSHB), Terra Tech Corp (TRTC)
About: Terra Tech Corp. operates as a vertically integrated cannabis-focused agriculture company. The company operates in two segments, Herbs and Produce Products; and Cannabis Dispensary, Cultivation and Production. The Herbs and Produce Products segment offers hydroponic herbs, produce, and floral products. The Cannabis Dispensary, Cultivation and Production segment operates medical marijuana retail and adult use dispensaries under the name Blum, which provides a selection of medical and adult use cannabis products, such as flowers, concentrates, and edibles; and produces and sells a line of medical and adult use cannabis flowers, as well as a line of medical and adult use cannabis-extracted products comprising concentrates, cartridges, vape pens, and wax products in California and Nevada. Terra Tech Corp. was founded in 2010 and is headquartered in Irvine, California.
$122M Cap, down 52% YTD, $38.5M rev. 7-1YOY, rev gr. 38%, 127K shares bought by insiders last 2 yr. (strong), Inst. MF hold 0%, while wealth manag. <1%, so mostly private investors, so high upside if legallized, earnings range -0.30 (3/8) to 0 (1/8), so still not profitable pop needed (11/7/18 next announcement). 8.7.18 was -0.17.
The rapidly rising demand for Cannabidiol (CBD) and Hemp based products is showing no signs of slowing down as expectations to push both markets into new territories with exploding sales value in the next coming years. The global industrial hemp market size is expected to reach USD $10.6 billion by 2025, according to a new report by Grand View Research, Inc. and the market is anticipated to expand at a CAGR of 14.0%. The North American CBD market is primed for expansive growth across its three primary sectors, hemp-derived CBD, marijuana-derived CBD and pharmaceutical CBD. With recent developments and advancements in the hemp industry, farmers across the country are turning their attention to commercialization looking for the road to profitability. Increasing R&D activities to develop perfect agronomy and new genetics of crops to obtain high yield and improved product quality are expected to have a positive impact on CBD - Hemp production. Active Companies from around the market with current developments this week include: Marijuana Company of America (MCOA), Inc., GrowLife (PHOT), Inc. MPX Bioceutical Corporation (CSE:MPX) (OTC:MPXEF), Kush Bottles, Inc.(KSHB), Terra Tech Corp (TRTC)
Trade active:
Falling wedge breaks out on 1d chart at 1.80 and resists at 2.51 area falling back to 2.175.
Comment:
4h chart and narrow timing. Holding position.
Trade closed manually