HMMJ , could be a great buy. Price almost reached the ATL. It also break on the trendline or descending channel. But it could also be another faker.
If the 100DMA breaks, it's all over. We're at critical support, and it has to hold, else the 200DMA comes into play at 9.10. If we see a notable bounce off broader earnings strength this week (positive ETF flows), we could be in for a profitable bounce of 10-15%...
All TP's was done from prev Idea. Now we stay on TP1 or 14$ support line. What to do on Tuesday if you buy on 18$+ or want to buy? We have 3 scenarios: 1) Panic sell continuance. My SL right now on 13$ lvl. The best idea here close the position by SL if we drop under 13$. 2) Bullish: we consolidate or start growing to 16$ and break out to 18$. 3)Bearish: We...
It's my first idea here:) I see a good spot for LONG. All cannabis stocks are bullish now. We have a golden Cross for HMMJ. Buy 10.35 SL 15% TP1 13.9 TP2 18
HMMJ Cup and Handle in play #HMMJ #Cup&Handle #cannabis #potstocks
With all the positive catalysts supporting MJ stocks, I believe its arc provides the most potent evidence for good times ahead.
In March we were trading below $2 guys. What did I miss?
War: America vs. Drugs. thousands of lives, trillions spent. They are conceding to drug finally. Drugs win! $MJ $CGC $TLRY $HMMJ $CRON $GWPH
Canopy is in a defined downtrend, and has been trading below it's 21 day EMA since mid August with diminishing volume. Note: earnings release is early November, and the stock has consistently sold off heavily on recent earnings reports off the back of low demand, high supply, and the natural constraints of scaling the edibles/drinks business, among other...
Now that the vote on legalization has been postponed till after the election, it's hard to find many catalysts to help get the sector out of the doldrums. Much of the bad news has been priced in, but perhaps not enough. It seems bankruptcies are being factored in based on its price action. Let's see...
Here's a short term chart for Horizons Medical MJ. It's been trying to base over the last week, with some continued follow-through, albeit timid. I expect we're winding up to the #More vote scheduled for the week of September 21st. For me, it's a coin toss. The overall trend is clearly bearish, but it's certainly putting up a fight to reverse that.
An attempt to break free from its long-term bearish channel is imminent. Recent support pegged at $6.15, a close below it will signal continued bearishness.
I had published a previous chart on HMMJ, which for now has failed, overshooting to the downside. I have to believe so much bad news has been priced into the sector. There are a couple of positive catalysts that may provide the lift needed to gain favor with investors.
I like the setup to at least test previous support. A break above would get my attention.
Still looking constructive here. looking for a bounce here and a move back over 6. would give a nice discount opportunity on Jan 2021 9C's $MJ $CRON.CA $HMMJ $HMMJ.CA
I see a potential move up here. I opened a trade at 6.75 at the support line, taking profit near the resitance line. Stoploss at 6.58. PS: I'm in no way an experienced trader, nor is this investing advice. I't is mainly just for me to keep a record of my charts and review them at a later time.
From Light of the 5th Moon..... Earnings around the corner from that! A license to SELL RETAIL from HEALTH CAN! Many many things are coming together 4HEXO it has been a long road, some of the greatest challenges are about to be overcome....
Horizons Marijuana Life Sciences Index ETF (“HMMJ” or “ETF”) seeks to replicate, to the extent possible, the performance of the North American Marijuana Index (the “Index”), net of expenses. The Index is designed to provide exposure to the performance of a basket of North American publicly listed life sciences companies with significant business activities in the...