Today's move is nice to see everyone, but we're still looking at a lower high on a macro level since Dec 2018. That may not seem macro to some investors, which is fine, but it's still important to note in regards to charting. All information helps, especially in hindsight when trying to learn new trading methods, I guess I'm speaking for myself. Anyway, a...
looks like this stock is primed for a dead cat bounce on longer timeframes but short term rising wedge has appeared. This can still breakout but if there is a breakdown with some good volume id cut my losses and find a better entry point around 15-18$ region.
Solid trading over the past few weeks setting us nicely for a leg up... Head and shoulders in place... Big resistance at $2.00... IMO we could move up to the $2.40 level... Some resistance at $2.20...
Or maybe a descending triangle. Time will tell per usual.
This has been one of my long term plays and for good reason if you check my prior updates. After the hearing and approval tonight I see above .10 tomorrow and a push onto its second major leg up with a PPS target of .25 before the next consolidation period takes place.
After the pot stuck bubble popped we've been stuck in some long complex correction most likely a WXY. If this counts correct we're nearing the end of this correction. It seems everytime ACB makes a major move it first forms bullish divergence on the 6 hour (2 or 3 touches ) I will be waiting for this divergence to form or if we break outta the downward trend line...
$APHA is out today with a strong earnings report and the fundamentals point to the worst being over for the company. Here are the highlights: Cannabis products producer Aphria (NYSE:APHA) is up 22% premarket on light volume in reaction to its fiscal Q1 results released this morning. Highlights: Revenue: $126.1M (+849%); adult-use cannabis revenue: $20M. Kg...
I hope not, but hope isn't a good investment strategy, and with the negative sentiment in the cannabis industry I wouldn't be surprised to see this get down to 1.10. This could be a giant bull flag as well, but I don't know were the buy pressure will come from in this sketchy market? Time will tell per usual.
SEEING SOME REALLY NICE CONFLUENCE TO MATCH A DECENT COUNT THINK THE WHOLE SECTOR IS ABOUT TO BOTTOM. LOOKING FOR A SHIFT IN MY MOMENTUM INDICATORS AND A BREAK OF THE SMALLER PITCHFORK TO CONFIRM
$OGI looks to have bottomed after a very strong bounce on Friday. The $2.70 is a very strong support zone and one which investors can buy off of. Many investors are looking for exposure to the cannabis space and now is a good time to look after the sector has been in a prolonged bear market. OrganiGram Holdings Inc., through its subsidiaries, produces and sells...
Despite Organigram Holdings Inc continuous 5 month sell-off, the stock has reached a point where there are 3 strong technical factors supporting the idea that a strong bounce may emerge. 1. The price hit the 4.15 1M Support which is holding since December 2018. 2. The price has almost made contact with the 1W MA200. 3. The RSI on the 1W chart is past 30.00, a...
2 bounces from the golden pocket zone for 100+% gains.... Will it bounce again? I'd like to see it retake the golden pocket (those two gold lines), and ideally backtest off the .618 Targeting the .382 for TP1 at $6.30 (70% sell) Targeting the .618 for TP2 at $7.84 (20% sell) and look to retake the high at $10.32 (10% sell and close position) Option for stop...
. . . the Beginning of "The Searching of a NQNACE PotStocksBottom" . . .
It appears as though TNY has broken out of a descending triangle & through some short term resistance that's been holding the sp down since September 25th. It would be nice to see Tny form a support at the 50c level & not drop below it. Also, TNY is trading above the MA (9,close) which is bullish. We just need to get the fuck back up to that 200 Day MA. That...
KSHB has been one of just a fine few pot stock related names that has actually gone up. So what's the deal? The company’s stock price struggled throughout September, decreasing 60% on a massive drop during trading hours on September 26th. This was due to the company announcing a direct offering for shares at $1.75 per. This cannabis company is comprised of several...
It appears as though tny may be trading in a ascending triangle. It's clearly noticable on the rsi as well. The 30-45 day estimated time frame for Tinley's two canadian LP's is fast approaching. Sunday would be 30 days from the previous news release. A Friday or Monday news release would be likely & timely for some sort of announcement in regards to this topic....