Aurora Cannabis(ACB) has formed a Wyckoff Accumulation Pattern and is currently in the ‘build up’ cycle of Phase D aftering having successfully created a ‘spring’, a ‘test’ of the spring and a ‘last point of support’. Price is currently testing the top ‘support line’ which is currently acting as resistance and stems from the ‘automatic rally’ seen back in March...
MedMen(MMNFF) has formed a Wyckoff Accumulation Pattern and is currently creating a potential ‘last point of support’ pattern in Phase C after a recent ‘spring’ and ‘test’ of the spring. Price is currently below a resistance level(red) at .22c which stems from a price peak made in September of 2020 and then again in December of 2020. Price must move above the...
TORONTO, Jan. 4, 2021 /CNW/ - VIVO Cannabis Inc. (TSX: VIVO) (OTCQX: VVCIF) ("VIVO" or the "Company"), a leading provider of premium cannabis products and services and holder of licenses under the Cannabis Act through its wholly-owned subsidiaries, Canna Farms Limited ("Canna Farms") and ABcann Medicinals Inc. ("ABcann"),
announced its products have entered into...
Cannabis Strategic Ventures Reports $6.4M in Sales for Three Months Ended Sept. 30, Up Nearly 100% Q/Q (GLOBE NEWSWIRE)
Market Cap 20.193M
The indicators are looking bullish too!
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ACB, another potstock, has a powerful 1-2-i-ii set up. In Elliot Wave terms, that's a rocket. It's an impulse within an impulse, so goes with the sentiment on pot stocks (very bullish). The red wave is the first impulse, with a green wave being the wave 3 of the red wave. Great buy here, with great risk reward. Green fibs target 20 to 23, then a retrace and...
Aurora Cannabis is starting to catch eyes of many. After a major year in 2017, ACB has had a rough last couple years with the price falling as much as -97%.
The charts are showing the blood is behind us and blue skies ahead for the cannabis industry in the upcoming years.
With the recent election of Joe Biden, the house and senate are now both...
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...
If NASDAQ:SNDL continues trading sideways it will hit the supporting trend-line around next week which will coincide US presidential changeover. Good probability it will bounce off this trend-line and head to the $1 price range and perhaps higher. With cannabis friendly reform on the plate many cannabis companies stocks should do well this year.
Hi fellows, just one of my today swingtrades:
Nice setup for breakout in NASDAQ:TLRY .
Cannabis stocks are set up for nice run after Gorgia senate election.
------------------------Trade setup ---------------------------
Stop Loss: 10.66
Profit target: 13.50
Time stop: 5 days
Yesterday's Volume: 13,351,989
Average Volume: 6,902,406
Market Cap 339.561M
Nov 30 bullish news, Reuters:
Q4 2020 NET REVENUE INCREASED 25% TO $20.4 MILLION FROM $16.3 MILLION IN Q4 2019
Q4 2020 GROSS REVENUE INCREASED 32% TO $25.4 MILLION FROM $19.2 MILLION IN Q4 2019
EXPECTS TO LAUNCH UP TO 18 NEW SKUS IN Q2 2021
OrganiGram Holdings, Inc....
Copied 2017 & 2018 patterns
For this to happen, this needs to occur;
1) Hexo’s Q2 record gross revenue ~50M$ + positive EBITDA - earnings should be released around mid-march.
2) US banking and decriminalization by June
3) Canadian regs change to allow case quantity of Bev purchases - in Q3 2021
If this doesnt look sexy to you, I dont think we can be friends anymore. You will look extremely happy with a 🚬 under that bright 🌝.
This will be a wild ride with 10-20% swings so as long as you have the balls for crypto, this is a perfect sector for you to be in.
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TNY appears to be trading in a Macro Bullish Flag, or, potentially a descending triangle.
I have a hard time believing this pattern plays out bearishly due to the 12 co-packing clients yet to be announced to the public market, some of these co-packers will put Tinley on the Map, according to the CEO in an interview in April 2019.
The KST is displaying a bullish...