Broke several resistance levels today, need a close above the fib line, will get us back in the uptrend (purple line).
They were left out of the deal with Aphria, lost a CEO last year who was hired particularly to find a merger/acquisition, they have been continuing layoffs, lost billions of dollars last year, keep diluting the stock, and they are running a large multinational organization (complicated). The best hope for ACB is that it has hit rock bottom as a company and will...
Strong support at .0941 at the fib line, next resistance at .1172, next fib line, following the uptrend pattern. Volume will need to pick up to push us to next levels. Lots of catalysts to make this happen.
With today's pullback, we now have a clear long setup. Stop at line drawn, 21.14. Target zone is PROFIT ZONE in box, between 37.07 and 39.71. Can extend.
With today's pullback, OGI gives us a nice entry. Stop at line drawn (support) and target given at the box, between 4.49 and 4.79.
OGI, another cannabis stock that we have been following enters our BUY ZONE today, and quickly turns. This hit our 50% retrace level from the move up. If this level holds, projects to 7.72 for the next move up.
Safest play here is to buy the break out of resistance. Make an alert and you can move on to your next play.
Looks like FIRE is setting up for its next rally (the Democratic US election win has given a boost to Canadian cannabis co.) . I'm seeing a short term bull opportunity purely on technical analysis. I saw a short term pullback to the $.30 range (on Feb.18) and now I'm betting it will retrace up to the $.40-.45. Short term, I'm betting it will retrace to...
It appears as though an Ascending Triangle pattern is forming for GRAMF. The RSI has broken a bullish flag pattern, the downward sloping resistance was pretty consistent until recently, giving the impression of a descending triangle that's now been negated. On the DMI there has been a bullish cross.
Sundial is headed down in the short term, however think of this fledgling cannabis stock that may flourish under this administration, house, and senate! When it bottoms one might consider grabbing more or grabbing stock call options for far out... if one believed in the company that much. If you're holding, consider HODLing with diamond hands rather than selling...
Beautiful retracement here on Tilray with gap fill to 30 with a big upside target gap fill in play. We are at support here so its a good time to buy and add a cannabis stock to your portfolio if you have missed the epic pump this week. That pump was great for day trading, this play is a solid long term hold. The weed sector has been on fire this year and I...
All TP's was done from prev Idea. Now we stay on TP1 or 14$ support line. What to do on Tuesday if you buy on 18$+ or want to buy? We have 3 scenarios: 1) Panic sell continuance. My SL right now on 13$ lvl. The best idea here close the position by SL if we drop under 13$. 2) Bullish: we consolidate or start growing to 16$ and break out to 18$. 3)Bearish: We...
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...
Symmetrical triangle pattern in 15M shows that the price will break out higher or continue downtrend. Combined with the fact MACD is beginning to converge and RSI is approaching oversold, I think this could be a break out. Alternatively, we might also test $1.60 resistance later today. Not an expert, I probably wouldn't take my own advice.
After a long time, the cannabis stocks are finally living up to their potential. They are currently jumping through the roof. For WeedMD, we see this trend continuing! The most important mark is at C$0.23 which should be left far behind from now on. Believe in the extreme growth potential of this stock in the future. Stay trading!