It appears as though TNY is forming an ascending triangle inside of a descending channel on a log scale chart. I drew two hypothetical scenarios likely to occur, trading is often never perfect. On the KST there's recently been a bullish cross, oftentimes throughout the history of the stocks trading, increased price action has followed.
Really like this cron count, it helps me check off another in the list of bull on the cannabis side. I think we have a good year in MJ coming.
SNDL Sundial stock is oversold at the December 2020 support price level. looking at the chart, the upside is $1.4 by the end of Q2. 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. Looking...
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...
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...
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,...
Happy thanksgiving Traders! It is rare that I trade traditional markets but, pot stacks are going to be bangers coming up soon and this one popped out already. I just wanted to give an opportunity to get out and back in for a nice profit. Have a green week! Savvy!
Break of 4 month downtrend in a big way. Bipartisan regulations in congress.
Double bottom on the daily. Cannabis regulation in congress.
Expecting a W2 test of $8.37 here B4 W3 can make any push to my higher targets.
This could be a big move in the Cannabis sector with a very broad Pennant/Flag formation setting up. Great opportunity for another Reddit/Retail rally with the pending cannabis legislation being discussed and a strong technical price pattern confirming a potential breakout move. Are you ready for another big rally in the cannabis sector?
37c in the next 3-6 months. Possible decline to 6.5c before a reversal. Bullish cross on the KST! Tinley's trading in a descending broadening wedge. With the Descending Broadening Wedge formation, we are looking for two touches to each trendline. Both the upper and lower trendlines should fall. The lower trend line should fall more steeply than the upper...
Sundial announced last week a share repurchase program! Program will commence on November 19, 2021 and expire on November 19, 2022. Sundial Growers can purchase a maximum of 102.8 million shares, representing approximately 5% of the company's issued and outstanding shares. Last month, Sundial announced the purchase of retail company Alcanna, which operates 171...