Hello, I did this analysis because I am losing 50% of my entire portfolio at the moment with ACB, my opinion is that ACB has no future. its graph is very bad. it is very sensitive to financial markets. freaks out over very little things or nothing.
Every resistance breaks it no matter what happens. The last time one day before the earnigs reports hit the bearish...
Indications & Patterns
- Descending Wedge formed and being tested
- EMA21 being tested with ATH volume
- Heavily tested EMA21 and SMA50 broken and have crossed
- SMA100 now being tested
- Leaplong downtrend line forming descending triangle with fib 0
- Bullish Div on Sqzmom
- Bear div w/ possible hidden bull div on MacZ
That's a nice wide open channel we've got.
A lot more room to breath, and gives me higher hopes for some good swing trade action.
2,811 shares @ $0.9231 Avg
Holding until it fails to break top line 3 times.
If it does break through, I'll update again and my count restarts.
I know I basically just posted my position shorting this one at 1.9, but after reading around I'm the only bear around. I love this company so nevermind, look at all those bull signs.
I'm setting a stop loss at 1.85 when it hits 1.9. Hopefully it doesn't touch, and blows out into open waters. If it nestles above the resistance tomorrow I'm buying regardless if my...
I'd like to start by saying this is a very speculative play on the cannabis space. High Tide (HITIF) manufactures and sells cannabis accessories. That being the fundamentals along with the chart setup give me confidence that the risk is well worth the potential reward.
Let's jump into the numbers. Last quarter HITIF posted just under $17 million (USD) in sales, a...
Village Farms International is one of the more interesting small-cap cannabis companies on the market.
It has only 335.252M Market Capitalization, and makes a small profit every year. Even though the P/E ratio is huge, 190.66, they don`t have debt like most of the cannabis related companies, because it`s being one of the most cost-effective growers on the market....
ETFMG Alternative Harvest (NYSE: MJ )
What is ETFMG Alternative Harvest?
An ETF that acceptance of various uses of the cannabis plant such as pharmaceuticals, biotechnology and life sciences,
The following below are the top 10 holding for MJ:
Multiple supports have converged on the end of a double falling wedge just as the company says it is about to turn a profit.. but has a potential snafu with one of it's suppliers (Aleafia).
What do you think?
Today’s chart will be on CHARLOTTES WEB HOLDINGS, a pot stock to keeps your eyes on!
Points to consider,
- Overall trend bullish
- Price respecting upwards trend line
- Bulls testing major resistance
- RSI respecting downwards trend line
- Stocks showing downwards momentum
- EMA’s providing price support but looks weak
- Very low volume...
Lets have a look at CGC - Canopy Growth Corporation
Points to consider
- A clear Triple Top
- Overall trend putting in higher highs
- Stoch in lower regions
- RSI coming into a tighter pattern
- Volume declining rapidly
- VPVR showing low volume of transactions after this support
- EMA's giving price resistance
CGC has had a strong bull...
Rookies take: I'll go ahead and presume based on my personal analysis that the momentum was shifting toward upside before being rejected by the bears. Continue to look for movement back toward resistance and watch for "the move".