Not much news from the Cannabis industry beside all the ones you probably know. Yea, Canadian work slow~~ and the citizens are rebellious at times with their own weed plants and cooking up their own cookies. :P Something interesting came to mind. Why not look for stock that serve the Cannabis industry like [ Innovative Industrial Properties, Inc (IIP) ] There...
Nice cup and handle formation. Looking for break of recent downtrend line to enter. This name has potential to more than double by year end. Monthly chart confirms the time is near.
- Price broke below previous all time low of 2.85 closing at 2.56 - Next level of resistance at 1.45 - RSI is weak below 40 - No signs of reversal just yet
Possibly breaking a long downtrend. Had positive MACD divergence going in. Good for at least a short-term move possibly to $8.25 if it breaks out today. But if the move is strong, we could also turn the weekly chart higher, which would lead to a multi-week rally.
Canadian cannabis market is still in the process of sorting itself out between Legal and Blackmarket cannabis. New challenges ahead if the Cannabis sector do decided to produce products such as edibles and beverages which will also incur additional cost to process. Given the circumstance that Cannabis industry is in, many recreational smoker now have the...
Tilray broke trendline resistance and has sloped upward. Coming amidst cannabis pessimism after CGC's earnings beat, this looks like a serious bullish move. This chart of Tilray's new channel is still a little preliminary. Look for an opportunity to buy at channel bottom next week.
Hitting bottom trend line and moving upwards - looks like possible upward momentum if it can pass through the 8.09 resistance
As shown in chart. TLRY could benefit of a big rally if we can cross the $56.50 SMA(50) line with strong volume. Technicals RSI @62 with a stronger comeback from being oversold. (Check chart drawings) * Always set your stop-limits to protect your position, as well as exit-profit targets to get your gains. Happy trading! dorfmanmaster
Or, is more pain ahead for TGOD in what appears to be another descending triangle! TGOD is down roughly 60% from its ATH's. TGOD is down -52% in the past year. TGOD +32% YTD All Time Performance for TGOD -42.33% Price target of 35c! Time will tell per usual
$XON has been making a nice run up the charts lately. We don't think this run is over by far as there looks to be a lot of momentum behind $XON. There's also a gap higher that needs to be closed from $12.77 to $12.96 The stock is getting a boost today after announcing an exclusive wellness agreement with Surterra Wellness. The companies will join forces to...
I have my eye on this penny stock and I think that we could see another run up soon. Maybe in to the up 50 cent range and a then continue? We want to see a clear break of the triangle and a confirmation candle before going in long. I have been charting this one for a while and the previous triangles played out even though I didn't share at the time.
Triple bottom is in for Terra Tech on the day chart. Wait for the advance in the coming weeks. - Usually form over a 3 to 6 month period. CHECK. Dec 14 - Jun 19. - Prior Trend: With any reversal pattern, there should be an existing trend to reverse. In the case of the Triple Bottom Reversal, a clear downtrend should precede the formation. CHECK. Literally...
Expecting the bearish momentum to continue as the Cannabis market in Canada trying to stabilize between Black-Market Marijuana and Legal Marijuana. This trend is likely to continue until we can see some solid earnings. At the moment, the MACD momentum isn't showing any signs of slowing down. Will have to wait for few more days to see where the candlestick will...
Looking at the chart for V.FAF it appears as though things can only go up from here? There's some speculation around Fire & Flower being acquired by Aleafia. Interesting enough, Certain directors and officers of Emblem have interests in Fire & Flower. In particular, Harvey Shapiro, a director and the Chairman of the Company, is also a director of Fire &...
This is not a financial advice and I put it here only for my own record. I have been watching cannabis stock for a while and the most exciting one is TLRY. It seems the bottom is already in (which I cannot confirm yet) or very close to the bottom. The market value is already more than 85% below its all time high ($300 to ~35$). Both RSI and MACD show divergence...
I have been watching Tilray for the past couple of months now. It has finally hit my buy zone. Currently finding support for the second time off of July 23, 2018 high. We have a nice hammer reversal on the daily. RSI is trending up. Today the announcement of the Neptune partnership and the timing of the charts is the perfect catalyst for a reversal. Resistance 1...
Hello dear Cannabis/MJ-Sector friends. I just wanna make you aware of the crazy similarities between TLRY & EOS from the crypto world: On the last run up, EOS 5xed and Tilray 10xed Up until the Weekly Triangle equilibrium, both had corrected 73% from their tops which is almost scary Before the break of the EQ in EOS, I had looked at potential previous S/R...