If that ain't a reverse head and shoulders then idk what is. Good value for a stock with lots of growth ahead of it.
Besides an estimated $540 million in sales in 2022, up from an estimated $50.5 million this year, Sundial has a pending purchase of Canadian liquor retailer Alcanna. Alcanna owns a majority stake in Nova Cannabis, a cannabis retail chain. I think Sundial positions itself as one of the major cannabis players of 2022. My Q1 price target is $1.7
Tilray shot back up above the moving average. We may be getting a relief rally to resistance as the cannabis market has been getting absolutely killed. The industry is waiting on US gov movement on cannabis legality. Once we get some approvals this stock will strap itself to a rocket. TP ~$9.66 I have bids in the $6 range.
CNBX Cannabics Pharmaceuticals has an agreement with Purisys, a leading Active Pharmaceutical Iingredient manufacturer, to use its API in Phase I/II (a) clinical studies that it is planning to launch in 2022. So this year will be quite bullish for CNBX Cannabics Pharmaceuticals is a U.S. public company and a global leader in the development of cancer related...
Hey the cannabis sector has underperformed the stock market indexes in 2021, this will run in 2022, stay updated in January for monthly momentum inflections. CGC has a 6-7x potential from here. This should be the first big sector swing followed by airlines and renewable energy in 2022.
If you haven `t bough the stock here, at 0.57usd: then you should know that Malta became the first European Union member to legalize recreational use and growth of marijuana. Democrats overwhelmingly support legalization for both medicinal and recreational purposes of marijuana. If the U.S. market open up, it could be a boon for SNDL stock. My price targets...
Hi All, my main 3 take-outs from this analysis are the following: 1- 0.59$ level confirms to be a strong support and the price is reacting well from there just now. 2- Moreover, this support level represents to me the neckline of a reversal head & shoulder, which has been broken on Dec 17th with huge volumes at the opening. And it looks like the price is trying...
Reversal patterns printing on daily, oversold stoch on weekly and selling momentum is slowing down. We might be bottomed out and this on has a good R:R. The support area should be help no matter what or this trade is a stop :) will try to update this in time.. Peace
Wall Street has Sundial pegged to bring in almost $540 million in sales in 2022, up from an estimated $50.5 million this year. They are also buying Alcanna in a stock deal. The board of directors of Alcanna unanimously recommends Alcanna Shareholders vote “FOR” the Arrangement Resolution. The Special Meeting of Alcanna Shareholders is postponed to January 7,...
Hi All, my main 3 take-outs from this analysis are the following: 1- In the 4H timeframe the price found support at around 9$, which is also an area where the historical red trendline and the lower side of the big falling wedge crossed (light blue box!) 2- Inside the bigger falling wedge there is a smaller falling wedge which has been broken on the upside....
Hi All, my main 3 take-outs from this analysis are the following: 1- Historical movements might be repeating themselves. Look at the three blue elyptical shapes and movements.. 2- 0.6$ might be the next support from where the price might be rebouncing 3- AFter the rebounce the price might have a spike as done three times previously in the past Not a financial...
Google trends and trade volumes would suggest that crypto is crashing this #danksgiving Peak FOMO is behind us. Light trading volumes around will provide whipsaws and the volatility necessary to get some new green shoots. Crypto to cannabis reform. The gem. Akaerna $KERN has the Cannabis Compliance Data SOFTWARE. CEO, Board Chair US Cannabis Council. Jessica...
Break of 4 month downtrend in a big way. Bipartisan regulations in congress.
Double bottom on the daily. Cannabis regulation in congress.
I see here an interesting spot to invest. The price comes to the strong resistance lvl: 10$. It's key lvl by support lines also it's a strong psychological lvl. So this is my argument 🧐: 📃 Oversold. -83% price dump from the last local High. 📃 10$ strong support zone. 🚀 Huge volume on 12$ - possible investors "accumulation zone". 🚀 Price "Plato" for the last 4...
Hi All, my main 3 take-outs from this analysis are the following: 1- Price is moving as per historical recent moves 2- Price is still within the falling wedge and should see a breakout (hopefully upwards) prior getting to the apex. But it might take still some time 3- By tday and tomorrow we might possibly see a rebounce from the 0.66-0.65$ levels, as also...
ITS HAPPENING Tilray 10,5 usd to 420! Legalisation in US, South America, Europe and maybe even some parts in Asia. Its a 100-1000 billion market worldwide. Tilray in the number one leading international company in the cannabis game. They already have operations in Canada, US and Europe. Guess whos going to profit BIG TIME? Tilray is the Tesla of weed stocks!
Pretty had to find a more beautiful chart. Looking for the break of the falling wedge for confirmation.