Downtrend over last few weeks may be over as todays bullish engulfing shows signs of reversal. Watch for break of 0.35 to confirm bull break from falling wedge. Close above 0.35 would also be a hammer on the weekly chart. Good buy right now with strong support at 0.30, price target at recent tops of 0.51, potentially higher with any good news releases. Upcoming...
I am not betting for this stock to drop nor in favor of it going up. With the MACD appeared to be seemingly showing signs that it wants to go Bull. It is not good enough. The news might be saying good stuff about CRONOs, but the Canadian cannabis market is a disaster. With the stock trading between the range and close to earnings report. Unless the earnings...
CANN GROUP about to break out of down trend channel with a 3.22aud target. Keep your eye on this stock i think it will fly after it hits target and makes a correction, and then moves back up again and tests ATH !!!
Aurora Cannabis -Today and tomorrow price for buying $7.17-$6.87 Market sentiment is on the level of $7.50, critical level is $5.50 The best price for this stock is $3.99! It is the super price. Stop loss-$6,37
July 15, 2019 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage”) (OTCQX: ACRGF) today announced Kevin Murphy, Chairman, and Chief Executive Officer of Acreage Holdings, executed an open market stock purchase for 154,000 shares through the OTCQX on July 12th. The transaction, valued at more than US $2,000,000, was executed on the OTCQX open market on Friday,...
The Cannabis ETF (MJ -4%) is trading at at six-month low as investor hype around cannabis stocks has faded. In a somewhat predictable sell-the-news reaction, the MJ ETF peaked when recreational cannabis went into effect last Fall after staging a massive run leading up to the highly anticipated event. Since then, the onus has been on companies to deliver. Most of...
The cannabis sector has been really beaten down; today some of them are reaching oversold levels. ACRGF could be a potential stock to invest in, if we see a pullback. Specially since it's retreating from a past strong support @$12. Be very careful, oversold can stay oversold for some time. (Same goes for overbought conditions) Have a great weekend, dorfmanmaster
HEXO had taken a huge beating for the last 2 months. It was projected to hit $12 this year, turned out the government messed up so badly that the stock plummeted. HEXO found support at $6.60 range. Today heard more news about pricing issue that black market cannabis is still much cheaper than retail... (as it should) I can expect this stock to breakthrough...
Update on TLRY. Please like/comment if you see value in this post. Thanks. My previous post/analysis/thought is still in tact ( ) I found that the current price action found the blue channel very well. Also, the bottom blue line in that channel is very compatible with the other part of the price chart. I still think any purchase within that green box would be a...
7/7 Current in W(IV) on the Weekly timeframe - Yellow count is invalidated if W(IV) drops below W(I) at 13.95. - White count is invalidated if W(IV) drops below W(I) at 11.90.
Charlotte's Web Holdings, Inc. produces and distributes hemp-based, cannabidiol wellness products in the United State. Looks like it needs a breather soon , after a nice move of about 60 % in 3 weeks. just b4 the next run up.
6/29 - what could have been the beginning of the 3rd wave starting in mid April failed to materialize as price action headed into a descending triangle. Therefore I had to re-position the count of Wave 1 to April 30 - With the re-positioned count, we are currently in Wave 2 nearing the end of another descending triangle. If this holds true, we expect price to move...
Akerna coming into that buy zone. Stock IPOed (actually it was a SPAC) at around $11 after doing their last private placement at $10.21. As this is a recent IPO (of sorts) and a cannabis company, I expect this will eventually shake out at 2x the IPO price (around $20) so buy on dips. Why 2x IPO price? Look at high flyers Zoom $ZM, Beyond Meat $BYND,...
Logarythmic View : Nice bounce on the LT Trend line , Support need to be confirmed RSI is increasing and is repeating a 2-year-old pattern that with pure coincidence occured from May to August at that time... Damn god is it so easy ? Just play repeat and smash it off ? Well let's see ! The funny thing is that it's really similar to BTC charts ! To sum up :...
7/2 - Overall it appears ACRGF started it's life in a Triple three: Zig Zag, Triangle, Zig Zag pattern and currently in it's last leg for completion. - Next level of support at 15.84, then 11.99 - ACRGF may buck the current downtrend if it is able to break through upper trendline