Hello Traders – Merry Christmas! Today’s chart update will be on CANNAROYALTY CORP OH where a valid bullish divergence has come to fruition. Will OH have enough momentum to break local resistance and put in a new higher low? Points to consider, - Trend bearish - Local resistance at 4.950 - Local support provided by EMA’s - Stochastics in upper regions...
After the recent short report we've seen some very serious downward pressure, and rightfully so, IMO... Any cannabis company related to fraud & corruption in this CantTrust environment is a Huge Red Flag.. There's nothing propitiatory about opening a bunch of dispensaries & growing grass, so the market cap here is out of touch with reality by a factor of roughly...
If you really wanna play it safe then wait until it hits 2$ CAD. However a better strategy would be to buy at 3$ and then buy down at 2$, making your average buy at 2.5$ Easily double, triple your money next year!
Bullish flag formations are found in stocks with strong uptrends. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation. The flag can be a horizontal rectangle, but is also often angled down away from the prevailing trend. Another variant...
WeedMD should recover after almost 1year long downtrend, despite drop in sales they are shortly after harvest, I suspect lots of new buds are already in curing, soon ready for sales. On the top of that lfpress.com This price range looks like great entry for long term position, however short term rapid recovery would be well deserved.
Recent uplising news coupled with solid earnings and upgrades should take this back up to the high end of the range... $4.40 in sight... next target $5.00... look for friction @ 50MA 4.11 @ 100MA 4.45... Stop@ $3.60... sell 1/2 @4.80 then watch for direction... All IMO... $GRWG
It appears as though $TNY may have formed a triple bottom where I have the red fingers pointing right on the chart. In my previous post linked to this chart I spoke about the descending triangle & potentially testing .335c, clearly visible on this chart we can see .33c is about exactly where a new double bottom was created, and thus potentially creating the third...
Since my post several days ago linked to this chart, you'll notice $WEED is holding the neckline area of the inverse H&S, forming two additional patterns known as a bull flag & descending triangle. Seeing how the sector has thrown under the bus for the better part of 1 year, I'm expecting to see the Bull Flag play out.. Simply to go against the bearish narrative...
Tilray is one of the cannabis companies that saw its shares rise massively prior to legalization in Canada, but shares have gone down a lot since then. Tilray (TLRY) is based in the Vancouver Island town of Nanaimo, Canada, where the company is responsible for "cultivating and delivering the benefits of medical cannabis safely and reliably," according to its...
Trulieve Cannabis Corp., together with its subsidiaries, operates as a medical marijuana company. Revenue is forecast to grow 39.46% per year. Earnings grew by 339.5% over the past year. RISK ANALYSIS Earnings are forecast to decline by an average of -14.4% per year for the next 3 years. High level of non-cash earnings. Highly volatile share price over past 3...
A LEADING LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against HEXO Corp. - HEXO According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) HEXO's reported inventory was misstated as the Company was failing to write down or write off obsolete product that no longer...
One of the best choices for long term investment. However, in my opinion, the exchange rate may fall further. Its level can be around 7.68usd. From that level, I expect a long-term rise. The analysis shows that a second fractal is being constructed. The shape of this can be determined by the first fractal. However, its size may be 1: 3. It follows that the...
It appears as though the Inverse H&S may be negated. Where I've placed another arrow pointing down may become another lower high, and it may act as the left shoulder of a H&S.
Or was the recent move simply another lower high where i have the red arrow pointing down? It appears as though Canopy may be ready to break the neckline of this inverse H&S. The RSI may have double topped though, only time will tell.
It appears as though VEXT has formed a Inverser Head & Shoulders pattern, and the right shoulder is consolidating higher than the left, which would be a stronger indication that the pattern will finish bullish.
Hi, Aurora Cannabis Inc. produces and distributes medical cannabis products. Obviously, it has some mixed fundamentals but technically it may find some buyers around 2.00 - 2.50. Technical criteria are pretty strong, some of them are a bit subjective but in general, we have a strong crossing area. The green box consists of: 1) 2016 & 2017 high/resistance...
AURORA CANNABIS All Time High : $12.51 Waiting for $1 to buy. Disclaimer: We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment...