This is the same chart as my previous, just zoomed out on a 1 year time frame to give a better Macro picture. What appeared to be a descending triangle on a smaller time frame in the chart linked to this post, still visible on the 1 year chart as well, was exactly that. Now it appears TNY is getting ready to break through this "potential" Ascending Triangle &...
So, since the last time I posted a chart on TNY we were trading in descending triangle that broke to the downside on a "short term time frame." I had mentioned that the pattern could also be a bull flag , but that was not the case. It is interesting however to see Tinley get back up to the 56c level where there seems to be historic support dating back to Aug...
TSXV:NU I've been watching this approaching its 52 week low for some time and as a business they fail to really excite me. As a trading opportunity, however... In the life of this stock it has touched the top of the BB9 on the weekly chart three times after a squeeze. Each time was followed by significant upward action. As the volume profile tells us that...
This has gone from Prom king to drop out real quick. I think a lot may have had to do with expectations built up over time but at the end of the day, who really knows? Let's hope that October is better to them than other months considering what's set to happen in the industry in Canada. "Clearly, the hype from the deal has proved to be nothing more than that;...
The Cannabis market is obviously promising. The Potential of growth of this market is enormous, if cannabis becomes gradually just like any recreational activity and starts to compete with wine and spirits for favorite way to be absent minded the potential of profit is gigantic . Here we have a promising market, a company that is in loss for this quarter...
KGKG came back from the dead today but is that news going to be enough to keep the trend going next week? "The company announced distribution through 15 new distributors in 14 states. The deal will see Kona Gold’s hemp energy drinks and CBD waters go on sale in new markets. The company is now partnered with 31 distributors and has distribution in 30 states. Chris...
Chart Watch: 7/13 - CGC is now more likely in a W(IV) double three that is going to end in a 3-3-5 extended flat correction. On the 3rd leg impulse wave down within the 3-3-5 flat correction, we are looking at a 3rd Wave extension. Scenario: 3rd Wave Extension: W3 is longest and can be any length. W1 and W5 are equal length (1.00) Status: IN PLAY W1(0) =...
VGW has been oversold recently due to the Cannabis industry and the overall downfall of the sector. However, often times dollar stocks in the Cannabis industry (and in any sector as a matter of fact), typically are delayed in terms of their rebounds relative to the big players. The rebound has started for the large players already in the sector and I expect VGW...
Is Curaleaf going to shake off the FUD from the FDA & continue crush the U.S market. I think so, although they may have stepped over some boundaries with promotion / labeling & making claims on some of their cbd products, it doesn't change the position they have in the U.S with distribution. It looks like CURA may have found a double bottom? Time will tell per usual.
Did Canopy create a double top, or is the stock going to create a Macro higher low & stick in a bottom tmrw or sometime right away next week?? If Canopy doesn't take control of the market tmrw with some big news to offset the market sentiment than don't look down, in my humble opinion which is only worth a grain of sea salt from...…. Time will tell per usual.
While many people have been super bullish on Tilray, I posted a little while ago my reasons why I am not bullish yet on the stock. I predicted their earnings would disappoint and they did. Tilray had a fake break-out to trick investors, and the stock increased to 46.00 and change today, only to give it all back post-earnings and back in its consolidation to...
Good resultats incoming, buy the rumors sell the news.
Hey Traders! Today we're looking at how the Directional Momentum Flux (DMF) strategy performed against Aurora Cannabis Inc (NYSE: ACB) during a two-week study period. Overall performance of ACB was not very strong during the period (7/15 to 7/31/2019), but DMF was able to identify many momentum inflection points and capture quite a decent return of around 44%....
Broke a long, deep 6 month downtrend last week. With the announcement of their product stocking shelves on 8/06/19, I can see this cutting through .15 (key resistance) and head up to the.175 level short term. Volume is building, however today's spinning top ( which I believe it is) on the daily may sell us down slightly before legging up IMO. Plan... trading...
Rumor on the street in Sébastien St. Louis is leaving the sinking ship.