We are approaching price levels around CAD 3.37 and expect the course to turn around that mark. From there, the corrective movement should be over and followed by an increase above CAD 3.86. Once above this mark, we have a strong signal for further runs towards CAD 4.60.
Don’t miss it!
Everything is lining up for Waitr to have a nice parabolic run here and my last post has played out very well to this point. Few heavy resistance zones but if successfully breached, the skies are pretty clear above until potential double digits. I expect a cleverly timed PR or two to help facilitate that. We'll see.
FXCM's CANNABIS basket is in the bullish area on the daily chart on the left. The hourly EMAs and stochastic are in bullish mode and potentially align short-term traders with the daily. The stochastic has moved into the upper quintile, and maintenance of this level (blue arrow) increases the chance of a successful trade. Trend following indicators may be useful in...
Sundial Growers is a Canadian company based in Calgary, manufactures and distributes cannabis products to the medical and recreational market.
Many American states are slowly opening up to the use of recreational legal cannabis and the interest of investors is growing more and more.
Clearly as it always happens, there comes a time when many people realize the...
$GRWG Has had positive earnings and after holding the 200 EMA (orange line/Support) has bounced and broken downtrend. This candle held the break in downtrend, but I expect Monday we will potentially retest its resistance around 43.50
Positive Earnings from companies like $CGC and $HEXO in the coming weeks could help push cannabis sentiment, but GRWG does run by...
The potential for huge growth in cannabis companies is obvious. The spike we have seen in the past week has retraced almost all the way back to where it started, this offers a great chance to re-enter longs. The spike may have been caused by the Reddit craze nonsense which explains the big dump as well but this is still a good trade/investment.
I would like to...
On Friday, the two chambers of Virginia's General Assembly passed marijuana legalization bills. The two must be reconciled for consistency's sake; afterward, the combined version will be sent to legalization supporter Gov. Ralph Northam for his signature.
So what fueled the great enthusiasm for marijuana stocks on Monday?
it was the increasing likelihood that...
Jazz Pharmaceuticals $JAZZ agreed to buy GW Pharmaceuticals $GWPH for $7.2 billion last wednesday sending shares of fellow epilepsy-focused biotech companies $ZYNE flying.
"The acquisition allows Jazz to become a significant epilepsy player by adding Epidiolex, which exited 2020 with sales annualizing at about $576 million despite a challenging Covid environment...
Why $RKDA Skyrocketed yesterday
There does not appear to be any direct news from the company. But it seems like that there was some coordination by day traders on social media.
$RKDA shares were buoyed — thanks to discussions stock trading groups on Twitter and Twitter hashtags, before the market opened.
Hemp/Pot play, Similar to $TLRY move from $3 to $50 has...
I have just closed a very profitable long on the cannabis index. This can only go up in the long run but I had to secure the profits. I am looking for this to retrace to between 0.5 and 0.618 Fibonacci before entering long again. It is very overbought on RSI across all timeframes so a correction needs to happen soon. Long term this will break all time highs (these...
Here is when i told you that is a buying opportunity on Sundial after the retracement:
Sundial Growers engages in the production and distribution of flower, pre-rolls and vapes. It operates through the following segments: Cannabis, Ornamental Flowers, and Corporate.
Zenabis Global Inc. said Friday it has entered a revolving credit agreement with a Canadian...
Marijuana Stocks Rally As Georgia Runoffs Signal Democratic Senate
Tilray, Inc. surge on hopes Democrats' win in Georgia could spark US legalization
Tilray, Inc. surged on Wednesday following the early results of Georgia’s key Senate runoffs that could open the door to federal cannabis reform.
With Democratic candidate Raphael Warnock claiming victory in his...
MJ Analytics, an Akerna product built on Domo's modern BI platform, generates six figure sales increase
Within less than 90 days of launching MJ Analytics, the platform has generated a six figure increase in sales and helped clients reduce manual reporting workflows by 90% through the use of scheduled reports. With a 95% positive product feedback based on recent...
As much as I dislike everything about this company, if inverse H&S holds and we close above $6.40 and 6.40 become our new support - bullish. But honestly, it is a true definition of a $h!t company. Trading it only because I need a revenge.
Which cannabis stocks should I now that Biden is the president (part 1) : Going first with Cronos Group.
Biden won (although Trump wouldn’t agree😊) and the sentiment is talking about green energy stocks, electric vehicle makers, telecommunication stocks, cannabis stocks, government bonds and more. But we cant invest in everything and we cant relay on market hype...
