Technicals evidently look Bullish, fundamentally undervalued as well
On a micro trading level APHA appears to have formed a bullish flag pattern, but the top resistance of the bullish flag is the same resistance of a more macro Ascending Triangle. Interesting. The breakout to the upside will be modestly significant in terms of shaping the macro trend, IMO.
No trend updates, here, original idea holding up pretty good. Lets see how it plays out. Bit surprised CGC couldn't bring anything to the game for earnings, they really are a fundamentally strong company, but here's what happened if you're curious. The ACB earnings FOMO pop pushed the entire market from great value to poor value in one week. Every buy above $17...
Contextual immersion trading strategy idea. Tilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis. The demand for shares of the company looks higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $10,29; stop-loss —...
Bullish weekly chart... On March 16, 2020, the stock hit a low of around $9.00 and spiked up to where it trades today. As of today, the 5-Day MA crossed up and over the 20-Day MA - Bullish Volume is Bullish PMO is trending up, Bullish MACD is trending up, Bullish RSI is trending up and above the center line, Bullish Stochastic is trending up, Bullish Accumulation...
Negative Divergence on 26 May RSI and Stochastics are bearish Next support at $0.44
Earnings is tomorrow and unfortunately the price didn't slide as much as I had hoped. It recently broke and held above it's current upward channel and overall the cannabis sector should continue it's long term slide trajectory into summer, very high sector gravity, which is why it's locally overpriced. Also all indicators are leaning toward sell right now so...
TGOD.WT ARE 13X OVERVALUED TGOD.WS ARE 3X UNDERVALUED There are a few different variables one can use to price Warrants, most important ones being Intrinsic Value & Time Premium. INTRINSIC VALUE (IV) = Share price - Strike price TGOD.WS (IV) = .5 - 1 = -.50$ TGOD.WT (IV) = .5 - 3 = -2.50$ The intrinsic value for both is out of the money but they trade above 0$...
APHA seems to be tracing minor wave 3 up. If this is the case prices should trend to up to 6.53, where minor wave 3 would total the Fibonacci level of 1.618 of wave 1. If price crosses down 2.78, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
Major investors prepared for "good news" that will publish soon.
Horrible ticker, get over it. YOLO is a privately managed fund with 100% cannabis industry stocks. The market cap of this industry has many moons over to before it peaks. We are just starting.... Long term buy which pays dividends. Enjoy.
CGC made some nice moves and unfortunately didn't stick to the downward trend I was hoping for. Added in some new resistance lines here. The timing here is crazy, trying to thread a damn needle through this craziness haha. As much as I wanted to get in before it broke the $17.50 resistance, I held off because I expect the overall market to collapse down next...
Went back to the drawing board a bit and I'm gonna call this as the rough CGC peak. The POC (white line) for the year is too far away, the RSI and VPT as RSI are both screaming sell, the MACD is near highs and seems to be running out of steam, the long sting of positive Volume bars can't maintain without more fuel. Despite all this I think we'll be lucky just to...
Everything was right on track with ACB price marching steadily down as expected for a great buying opp pre-CGC earnings and then BOOM! Stock popped up from $12 to $17, I sold off another 20% chunk (again catching the top of a 2nd peak on this swing here (just couldn't resist banking more 3x profits on this swing) because the high industry gravity and ensuing...
New support is 12. Moving toward 27. If you get in Friday, you can still ride the wave. in 8 weeks, its pushing 45 if it hasn't tested yet.
ACB has been on a nice bullish uptrend since the 12 for 1 stock split, that was a great move on their behalf, however, it is interesting to see them buy a U.S asset & issue shares immediately after lol. An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in...
Daily Time Frame: - Breakout - Ongoing Wave C of 4 - EMA20 and EMA50 would be crossing each other soon Monthly Time Frame: - Ongoing Wave 4 (pump) - I am expecting another drop after the stock reaches ~$5
FOMO got the best of of the market again. Was a beautiful setup. I loaded up on ACB the 5 days leading up to earnings because it was beautifully positioned at insane value and because almost any shred of good news was almost sure to make this stock pop. Bought @$6.22, sold ~20% @$10.62 yesterday and another ~20% @ $18.56 today. Will sell another ~20% if it...