Dear Traders, As we can clearly see, GTEC's price is in a bullish channel. With a Hidden DIvergence in the MACD, it could be possible we will soon see a run-up. This Hypothosys would be cancelled if we break downwards from the channel. Last News: Update on Status of Sales License and Other Operational Updates: GTEC Provides Update on Status of Sales...
APH gapped down today, filled the gap, then turned around and never looked back. I held a short most of the day today and covered it a little early just under $16.30. Support at 15.76 held by two pennies. APH saw such a significantly bearish day because after losing 18.57 last week, the next support was 15.76 - a full 18% below. We're at the point where we can...
APH bulls had a gift this morning with a gap-up open breaking the hourly downtrend, and re-confirmed the hourly downtrend by giving back the entire move back, barely holding the low of Friday by 5c. The bulls couldn't even muster a small push up after opening bell, leaving the bears in full control and the opening price as the high of the day. The range I'm...
After breaking its daily uptrend, APH bulls showed up Friday looking to set a daily lower high compared to 20.57. I'm expecting a back-test of the daily MA20, currently at 19.51 in the current configuration. I don't like any bull entries in APH right now based on the daily chart, but if you zoom into the hourly we see the bulls trend trying to change the trend,...
APH was by far the weakest name in the sector today, breaking $18.57 support and signalling a major red flag for the bulls, putting the chart into a daily downtrend with a lower high and a lower low. $17.76 support broke as well, and the last level we have to play off of is the low of the oversold bounce $15.76. APH rejected on open from daily EMA4 & EMA8. The...
APH is in a tightening pattern on the daily and the afternoon bounce today gave us an hourly lower high, and a new resistance to play off of, 19.88. Low of the day was 18.78, this level is important but the key support for me is 18.57. If we can break 19.88 and hold 18.57, that significantly shifts the odds that APH can break this daily tightening range...
Watching the APH.TO range from low of the oversold bounce to high of today. Today we saw our lower high set and bulls are now looking for a new support level above 15.76. Today's low bounced right off the .5 retracement of the fib pull with swing low as the oversold bounce low, to the high of today. It will be interesting to see if that new support holds. I'll...
Weed stock are on a roll right now. CANN and CBDS have always followed each other. Big volume spike, and with TLRY and all the big names in the marijuana sector on fire, speculative fervor will transition into the smaller names. For the most part, though, I like this as a sympathy play off today's CBDS move
APH After retracing almost .5 of the move up from the low of consolidation before the constellation news breakout to our recent high, I was watching for a lower high to be set in the mid $19 range, right around where we closed Friday. It will be notable if the bulls keep pushing higher, and when they tire out I'll be watching for a higher low compared to low of...
First day of legal sales in Canada is Oct 17 (AFAIK) so comparing to the first day of legal sales in Colordo (1 Jan 2014) is a good idea. Green line here shows the week of legal sales. Price ran up into it (similar to the action we're seeing in CANNMJ now ) and it didn't stop once sales started. This is for all the bears in the Canadian MJ space. Watch...
APH I'm also watching a descending wedge pattern, I prefer this to ACBs as there haven't been any violations of the trend lines so far
Risky swing trade, but I think this reaction is just panic selling from the news yesterday. A lot of people are holding a bag right now, so when the news hit they freaked out. A lot of new traders attracted to weed stocks. It was also hovering around $3.00 before they made all those acquisitions The volume was unspectacular relatively speaking. Funds have...
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...
Canadian weed stocks are in a weird spot right now. Any wiff of news will send them either way. Legalization has been stalled (naturally) by the Government until they can figure out how to properly capitalize on it and shut out most if not all private vendors. Watching closely...
I believe I have found a connection between Bitcoin and the MJ industry. When comparing BTC to APH I have found stunningly similar trends but Bitcoin seems top make the first move by almost a month. I have placed alphabetical reference points to show the comparison. Since BTC seems to be ahead of APH by a month, I went ahead and placed the next trend...
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.