Sometimes breaking your neck isn't always a bad thing. After a fairly large consolidation after that inverse head and shoulders pattern, we can see from the 4h chart today, ACB is logically following suit with WEED , just cracking the neckline (indicated by the purple line) and waiting for that second confirmation above. The shadows of both candles just...
So, in the previous chart, I was thinking that it wasn't going to cross that line due to the volume and or buying power. Well, they have just acquired final approval for the acquisition of CanniMed earlier today. A combination of diluted asset and possible positive conviction I believe, has lead to an increase just above the trend line. This has allowed me to move...
Observations: Whenever there is a massive uptrend at such an alarming pace, we always see long drawn out corrections. We see the next fib level support is at $0.89 which could potentially be a buy zone. Also included some thoughts around the timing of the correction but I would take those with a grain of salt. Fundamentally, this company is going through...
Will it break the green retrace line at .382? Volume will tell how far, considering it broke the triangle in the negative. Judging by the momentum and 3 line EMA I don't believe it will correct past 10.15 due to the two previous test points indicated by the blue dotted line, but if it does, it will most likely just bounce off. We just came out of a huge head and...
We can see that it it has held support at the .382 fib line, hopefully it can hold. Do you think it will continue sideways or breakout after being squeezed into the triangle?
Company is in the middle of building a grow op with 12000 kg potential. Bought MMJ Phytotek, an Israeli pharmacuetical venture creating a CBD based seizure medication. We all remember what happened to OWCP. Lots of news catalysts in the future. They just an closed an offering for 40 million, 20 000 000 shares priced at 1.82, so the price is a pretty nice...
This market is filled with unsophisticated traders, with people who are way over leveraged. When this thing starts to really tank, people are going to start looking at their life savings and panic. Too many coins now. Before we only had ether and litecoin, now we have thousands. People will start to worry that bitcoin is just a prototype and lose faith the...
Maybe longer. SELL LONG TERM HOLDS, GET INTO CASH. I REPEAT, GET INTO CASH. 4 distribution days in 2 weeks, mixed with a massive interday drop. Market will get choppy, there will be a dead cat bounce, then the trend is down for awhile. Runs over for a bit. Start looking to short, not right away, just start preparing. SELL ALL HOLDINGS! GET INTO CASH
I have a $15 price target set for ACB and believe that extremely long term it can pass a $25 mark and potentially a $30 mark by the end of this year. The medical Cannabis industry for psychological, physiological, or physical reasons have been growing in prescribed use. Also the market demand for HEMP is seemingly increasing in certain areas of Canada and even...
ACB is likely going to acquire CMED & HIP , and become the largest LP in the world. For what ever reason, i feel like ACB will just keep on climbing. Many new investors just entering the sector now. Let the bidding wars continue in this speculation driven market.
Hey, Novice trader here learning Elliot Wave with Fib. Just seeing if anyone else can see similar count or if I'm way off. This could be the start of a 3 major wave with this being the first sub wave or I could be wrong. Let me know what you think. Thanks!
The MJ sector will have a sharp retrace sometime in the near future. WHEN it happens: Target the weakest names If anyone has any tickers that they would like to share as potential targets please leave a comment
Unfortunately I'm a little late to this party, but there may be a little juice left. Also Important Note: I'm being very cautious because there is the possibility of a sell the news event at the first of the year. It seems that the expected good news is already being priced in.
Aurora Cannabis is breaking out on the weekly chart. Golden cross on the daily chart. What's not to like about it? Anyone...? 6 month target $4.60
I drove past the new project site the Edmonton International Airport. It will be the world's largest single cannabis growing operation from my understanding. I not sure why anyone wouldn't buy with a chart like that but it's only my opinion. Especially with the 20 MA crossing the 100 MA