Weed stock operating in the United States. Listed on the CSE, which is where it gets most of it trading volume. Reason I'm not entering now is because there were some heavy sell offs recently, and also because of the state of marijuana stocks in the United States. Most of the funding comes from Canadian investors though. It should get some laggard carryover...
While TSX:ACB is sitting at a new support of $7 - buyers are looking for a new avenue while production lags behind the Oct 11th date. While FOMO locks into place we will see a new entry around $5.50 and maybe as low as $4 before the new year and before production starts. LEAFers are still waiting for new shares. Dilution is good.
" ACB announces it has received shareholder approval at a special meeting, held today, for the issuance of shares in consideration for the planned acquisition of MedReleaf Corp. ("MedReleaf"), a well-known Canadian Licensed Producer based in Markham, Ontario that delivers premium medical cannabis products to domestic and global markets, and compelling brands to...
There's some nice price action around the weed markets right now and Harvest One is no exception. The most obvious signal here is the RSI divergence forming right now. The price is settling way below ATH, and it needs some retracement upwards! Let's see if we will have a cannabis craze across the board. This is once again a low risk trade like the one I'm...
Bull scenario - we break 27.50 and 27.83 for hourly higher highs - in which case I would be targeting previous support of 29.55 which lines up amazingly with that downtrend resistance line - likely to scale out partial profits sooner since that's an ambitious target percentage wise. Bear scenario - 27 dollars breaks down and I start to watch for an oversold...
Low volume and a nice tightening pattern on APH's hourly combined with an oversold RSI could provide for a nice bull break out of this falling wedge. Watching for a potential flush down out of the wedge then jump back up - or bull break over 9.97 and 10.16. Always watching sector leader WEED too.
Follow through today on WEED hourly equilibrium bear break. Looking for a weekly higher low to continue tightening up the weekly equilibrium. Scouting an oversold bounce as hourly RSI heads into the mid 20's.
ACB just adding this to the watch list. Potential play.
Heavily beat down as of late, at major support with a falling wedge pattern taking shape. One good catalyst and I think this one can pop up nicely. Looking for a break of the wedge and a retest of the $6.70-$7 region
Hedge Funds and other companies are investing heavily in the Cannabis sector, and this company is relatively cheap. Which means that those companies investing in the sector are incrementally accumulating their positions. This also means that those companies will purchase stocks where they believe it to be cheap and that entry area is a good area (based on...
You can see that a triangle is forming and that the trend line the fib and the .5 fib are all hitting the c point. This should be enough to start an uptrend. Also the macd looks like it is begiing to cross over soon.
We have closed below the upward trend line, and out of the falling wedge. The weakness of the reaction rally foreshadowed the sharpness of the decline that followed. If we cannot hold support at 9.00 and start to form a reversal. If not, we will most likely test 8.50. Today hit support and got rejected twice, Will this be a reversal or will it continue to test lower?
I am watching the two forces bullish and bearish on this one. As you can see on the daily, we have very defined channel zones. Price is respecting these areas. The pot market is mostly bearish, with decent retracements aka bullish pullbacks (from bearish bias perspective). These are tradeable (I trade them as a counter-trend trade) and typically I see, 1.50 to...
We can see that TSX:ACB just can't seem to keep volume or momentum. Although it had traced all the way back down to the .618 Fibonacci retrace, where it finally found some support and did a little bounce, but there is now heavy resistance it will have to face at 10.60. It is following the temporary downward trend line, indicated by the dotted green line, coming...
Aurora didn't get as high as the other stocks, rather ending the last few days in the red. Forcing me to remove the previous support I was worried about, as well as the possible new upward trend line, replacing it with a dotted green temp downtrend line. It didn't recover well from that broken neck. There wasn't much of a shadow and the candle closed almost full...
Similarly to ACB, WEED breaking out of a consolidation.
Inverse head and shoulders pattern has formed on the daily chart for ACB. It has tested a bottom three times and has been in tight consolidating patterns for the last 21 days -- the longest period of consolidation yet in the stock's history. Bollinger bands have tightened signaling a nearing breakout, with bear volume reducing and bull volume increasing,...