It's hard not to get excited by that daily flag. Next target is clearly 5.
I would like it to test 6 around the 200 EMA and flag there on its way to 11.
Long via commons at 3.55 with B/E stop loss
Everything points up on this. Expect some big movement Mon-Tues.
Can easily get pumped to $.60+ price.
Simple message: Buy SNDL
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CGC is oversold and its sitting at strong $20 support. Heavily news driven, and as the sector leader, most likely to absorb the spike when it comes. If positive news comes near a strong earnings, likely to run to $35 near the 200 Day.
Description
PotNetwork Holdings, Inc, through its subsidiary, First Capital Venture Co., engages in the research, development, and sale of hemp-derived CBD oil products. It also engages in the pre-owned auto dealership business. The company sells its products through distributors and resellers, as well as through its Website. The company was formerly known as SND...
Friday Sept 21 stock was halted as they got the first ever sales only license. This company is going to be the Amazon of POT.
On monday the stock will unhalt. If you daytrade you should watch this. If you invest you should buy on Monday
We have seen some very bullish action in Cannabis stocks recently. With the Trump administration signaling less regulation and Canada legalizing it for recreational use, there seems to be nowhere to go but up.
If WEED is able to crack strong resistance here and break above to new all time highs, I think this would be an excellent entry for a long term...
If XXII fails to break previous resistance level I would get out and cut losses if you are a bull trader...bears might stick around and reap the long term benefits coming up this year. If you are a swing trader such as myself, check for that 3.20 to 3.40 if XXII breaks that previous resistance level and creates a new support by the end of the week.
