RSI is trading in what seems like a ascending triangle as well. Interesting.
It looks like Tinley is holding strong, tough times don't last but tough people do!
This is the same chart as my previous, just zoomed out on a 1 year time frame to give a better Macro picture. What appeared to be a descending triangle on a smaller time frame in the chart linked to this post, still visible on the 1 year chart as well, was exactly that. Now it appears TNY is getting ready to break through this "potential" Ascending Triangle &...
Buying at ~ 26.39. Buy under Green line. Sell at red line. My fair value for this company is $47.02 per share.
There has been a lot of news about Medicine Man Technologies acquiring more market share of the cannabis or marijuana sector in Colorado that has pushed this stock from $1 to $4 in 2019, but is it just hype?
Triangle play here. All levels are marked, chart is easy to understand. Looks like it bouncing good, fell to .93c and back to 1.09$ right away, so buying pressure is here. Will see how it plays out on upcoming week.
Very clear levels are being shown here for people to play in :) 1.00 support is holding. First support after impulse was .66 cents a test lower is still possible but highly improbably with harvest season entering. Time to offload and make profits then rinse and repeat for growth. I have highlighted the False W and accumulation examples on this as well. Be on...
After doing some research on this company, I would give it a chance. We have hit bottom and bounced nicely. So I will expect two things... 1. We just continue up with no pullback to around Jan 15 - 17 high of earlier this year. Minor correction or consolidation zone around 10 that could breakout and has the probability to make a run for it to 15 or higher....
CRON has been on a horrible downfall over the past months. Looks like it could have found its bottom. On a technical basis looking for a trade to 14$
So, since the last time I posted a chart on TNY we were trading in descending triangle that broke to the downside on a "short term time frame." I had mentioned that the pattern could also be a bull flag , but that was not the case. It is interesting however to see Tinley get back up to the 56c level where there seems to be historic support dating back to Aug...
Cannabis stocks have corrected dramatically despite strong fundamentals across the industry. Looking at the MJ ETF gives some indication of the oversold state of the broader cannabis market. The RSI is low and the ETF is currently trading beneath its 9-day moving average. Almost every single time this has happened in the past, the ETF has bounced back. There's...
The fact that all eyes are on Aurora should surprise absolutely no one. Aurora Cannabis is the most-held stock on online investing app Robinhood, and the company is projected to be Canada's production leader. Maybe, just maybe, Aurora might also have some big news on the partnership front. The company brought billionaire investor Nelson Peltz on board in March...
TSXV:NU I've been watching this approaching its 52 week low for some time and as a business they fail to really excite me. As a trading opportunity, however... In the life of this stock it has touched the top of the BB9 on the weekly chart three times after a squeeze. Each time was followed by significant upward action. As the volume profile tells us that...
Just an Idea for you CANN fans. Harvest and supply the demand.
This has gone from Prom king to drop out real quick. I think a lot may have had to do with expectations built up over time but at the end of the day, who really knows? Let's hope that October is better to them than other months considering what's set to happen in the industry in Canada. "Clearly, the hype from the deal has proved to be nothing more than that;...
The Cannabis market is obviously promising. The Potential of growth of this market is enormous, if cannabis becomes gradually just like any recreational activity and starts to compete with wine and spirits for favorite way to be absent minded the potential of profit is gigantic . Here we have a promising market, a company that is in loss for this quarter...
Chart Watch: 7/13 - CGC is now more likely in a W(IV) double three that is going to end in a 3-3-5 extended flat correction. On the 3rd leg impulse wave down within the 3-3-5 flat correction, we are looking at a 3rd Wave extension. Scenario: 3rd Wave Extension: W3 is longest and can be any length. W1 and W5 are equal length (1.00) Status: IN PLAY W1(0) =...