It appears as though VEXT has formed a Inverser Head & Shoulders pattern, and the right shoulder is consolidating higher than the left, which would be a stronger indication that the pattern will finish bullish.
Hi, Aurora Cannabis Inc. produces and distributes medical cannabis products. Obviously, it has some mixed fundamentals but technically it may find some buyers around 2.00 - 2.50. Technical criteria are pretty strong, some of them are a bit subjective but in general, we have a strong crossing area. The green box consists of: 1) 2016 & 2017 high/resistance...
Fundamentals are now better. Prices are better. Regulations & Govs are more ready for it. Early bottom assumtion. Confirmation + Adding on growth.
After setback in the cannabis industry and lack of liquidity, we had a slump in stocks. Now it seems 22 is a strong resistance level. Earlier entry is possible on the close of the recent gap. Good Luck!
Recent significant events: House Passes Bill to Protect Banking for Marijuana Businesses Measure would prevent federal regulators from penalizing institutions that serve companies operating in states where cannabis is legal. // September 25th, 2019 House committee approves landmark bill legalizing marijuana at the federal level ...
After a long time back and forth, EXMceuticals announced today that it has obtained the import license of cannabis for Portugal and the European market. Now the import can finally start and the processing to CBD can take place. A doubling would not surprise me.
As we looked at this stock yesterday and shorted into the close. It was almost too obvious it would shoot down with the earnings report release. Now there is very little support going into this last downward leg until we reach 2$. Capitulation mode is in full effect. didn't think it would happen this soon but investors are giving up on cannabis stocks sooner...
Short and crisp. Q.2 Numbers were ok. At least one cannabis company that earns money and thus the company delivers what everyone expects. Increasing turnover but above all also profits! Weekly closing price above 0.71 CAD unlocks the next target at 0.88 CAD. If this is also taken out at weekly closing, maybe it could run to 1.20 CAD. If a weekly closing less than...
Pot stocks have had a rough few months, and shareholders of Tilray have been hit especially hard as shares have dropped 55% since early August. Much of that decline can be traced to disappointing earnings results. In mid-August, Tilray showed sales growth in Q2, as revenue jumped nearly 400%. However, management's aggressive spending produced net losses, and...
Tinley appears to be trading in a Ascending Triangle creating a series of "micro" higher lows & higher highs. The 46c range would be ideal to hold because that's where we created our first "significant" higher high on a micro level that was representative of a potential trend change. On the RSI we can clearly see higher lows & higher highs forming a Ascending...
GrowGeneration killed it on today's earnings report, but dropped about 5%. This presents a buying opportunity. The company reported GAAP earnings of $.03 per share, beating analyst estimates of $0.02/share. It reported revenue of $21.8 million, vs. the forecast of $20.621 million. These are big year-over-year increases. This time last year, the company reported a...
Weekly RSI bullish divergence plus break-out above the downtrend line. Still in the accumulative zone and previous week closed TD5 Downtrend and this week on TD1 Uptrend. Moving Average Convergence Divergence (MACD) indicator also showing bullish divergence and crossed to bull mode. Overall this looks like a great entry and if it goes lower even better to scale in...
Or did he? I mean, technically Drake could have been invested in Canopy for many years now, he's a very business savvy guy, not just rapper / icon. So who really knows what his average cost is. Anyway, on a 3 month & 6 month chart we can clearly see lower high after lower high, and this recent move may become just that, another lower high... The rsi is very...
The Searching of a PotStockBottom ... HMMJ The BigPicture PriceLine Chart RENKO RSI+MFI second view third view PriceLine Chart RENKO Laguerre PPO 4C
The San Diego-based company is a real estate investment trust (REIT) specializing in properties used for growing and processing cannabis in U.S. states where medical marijuana is legal. While Innovative Industrial's stock has been dragged down over the last few months by sector weakness, the fast-growing company continues to post great quarterly numbers. In the...
I think so, I wouldn't be surprised to see this go much lower... This could end up being a bull flag, but on a macro level is it really going to change much. I think Andrew Left exposed this company late last year & it has been a slow bleed ever since. Time will tell per usual.
Just below the $4 resistance Aurora Cannabis could be a great buy considering it is one of the top stocks in the Cannabis industry. With a steep correction in the past couple years and talks of domestic legalization in the US I think this could be a very strong long term buy. NYSE:ACB
Unless Tinley breaks above 47c in the next few trading sessions we're basically just looking at another lower high. There's clearly a possible bull flag pattern that may play out. The RSI was at an all time low on "all time frames" recently, which is reflective of the aggressive bounce we had in the share price. On the RSI I've made some notes that may...