Canopy Growth (WEED) is getting absolutely hammered. We're down over 7% this month after crashing over 20% in July. Imo, the stock is going to blow up when the US finally decriminalizes Cannabis. The opportunities for hemp are endless and of course the recreational market for drinks, bud, and all the rest is booming in legal markets. If I see a sub 20's print,...
I see a good entry point on Cannabis stocks like TLRY.
We are ready to break out of this triangle so we have a good risk/profit ratio here.
Put your SL under 200MA and under this triangle.
TP1 - 50%
TP2 - 100%+
Good Luck :)
Hey everyone! Here with a video on some Cannabis Stocks I've been checking out. (THIS VIDEO, HEXO, APHA, ACB)
Day time frame: Most of the cannabis stocks are looking very similar.
-completed Market Cycle
-lower MA's have crossed north, or are close to crossing 200MA in Bullish form
IMO these are looking like great places to invest if you wish to...
Aphria has had a great run into 2021, but it seems to have switched momentum in the opposite direction since February. I'm sure the bad earnings didn't help it's case either. Worst case scenario, it falls to the next level of support around where the 200 EMA is currently. Best case scenario, it bounces off current support and makes a run back into its upward...
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%...
Consolidation pattern looks to be preparing for a breakout to the $31 range, which would put it near its ATH of $32 that it hit 2 months ago. Will be interesting to see if this breakout occurs, does it become a double top at $32 or does it slice on through and continue up.
APHA is a good stock in Cannabis world, current bearish PO is almost met, it's a good spot to buy the dip we've been gathering supply in the marked areas above for a while. Bullish PO ranges to $23 at the moment.
Good opportunity for a Long term. Keep an eye.
APHA is a potential day/swing trade idea.
A (bullish) inverse head & shoulders pattern is nearing confirmation.
Crossing above the previous high (Pivot) of 17.58 is a key indicator for this.
Bollinger bands on the 20-day SMA indicate that APHA is currently oversold and trending upwards towards the central mean (Red Line).
Normalized to top and bottom of time period.
APHA continues to be the most valuable cannabis company out there.
Was .85 going into new year and now approaching the .83 merger ratio agreement.
Let's keep an eye for any other opportunities to trade TLRY for APHA before they merge for good.
NASDAQ:APHA [/symbol ]
continuation of my C&H pattern test previously posted. saw a formation of iH&S pattern in 1H TF. Possible pullback up to @19.75 (plus spreads). I will be monitoring this later and update if it rejected the pattern.
We got the anticipated move higher. She met supply here. If she manages to break supply, there could be a little more upside to the current sub wave. If projected levels hold, she should pinball her way through to upper resistance.
Wave does look choppy, but lets stick with impulse for now.