This is not an advice. Just my thoughts about Cannabis stocks. I personally believe in the product too and the market to grow. Tilray is going to merge with Aphria on 14th of april and on 21th of may they will tell their earnings in a report. I hope to see a retest this week to the 23 area. After a break of 23 we can see more up to 30 or even higher. It's also...
Tilray $TLRY Canopy Growth $CGC and Aurora Cannabis $ACB are all going to continue lower over the next few months as their values realign with basic fundamentals. Looking for Tilray to hit about $7.50 in the next few months. In the meantime, there are plenty of excellent companies that a prudent investor could get into after the selling ends.
trendline breakout cgc in correction i see it going close to $40
Let's go higher after the drop. It seems like a good opportunity to enter for LONG HOLDERS. ENTRY LEVELS LONG: $48.77 $44.30 $34.87 STRONG BUY
CurveDAO hourly vs Canopy Growth daily
Hi fellows, just one of my today swingtrades: Nice setup for breakout in NASDAQ:TLRY . Cannabis stocks are set up for nice run after Gorgia senate election. ------------------------Trade setup --------------------------- Entry: 11,35 Stop Loss: 10.66 Profit target: 13.50 Time stop: 5 days ------------------------------------------------------------------ If you...
Toronto-based Cronos Group has always played it safe by not aggressively going after acquisitions, instead using cash to focus on research and development with its products. With steady revenue numbers, it has kept its balance sheet strong enough to at least survive the COVID-19 storm. At the moment, Cronos's business is predominantly in Canada, though its...
Technical overview: VFF all time high was 17.45$ in March 21 2019. After COVID-19 our highest high is today’s 10.82$. Before we start analyzing the wave we are seeing in VFF we must mention a valuable fact ! the resistance level from March 2018 was just broken !! that is big ! it was broken by an igniting bar with a lot of volume and momentum behind it meaning...
I'm publishing this idea with my older brother in mind due to him bringing this Marihuana stock to my attention a couple months ago. I'll try to be quick, but even though I don't like picking sides I will say that I'm more bullish than bearish for a few reasons so let's begin! Confluence (3 or more): 1. P.A. retested HTF resistance turned support for 1st time...
Which cannabis stocks should I now that Biden is the president (part 1) : Going first with Cronos Group. Biden won (although Trump wouldn’t agree😊) and the sentiment is talking about green energy stocks, electric vehicle makers, telecommunication stocks, cannabis stocks, government bonds and more. But we cant invest in everything and we cant relay on market hype...
Today we have a long setup to share. As we are used to we will start by sharing the Macro view and then we will explain the 4hs chart a) Weekly Chart: The price bounced from a clear Support / Resistance level tested from both sides b) On the 4HS chart we can see a broken descending trendline + a clear corrective structure supported on the weekly level ...
Canopy is on fire today, and is up 20% plus on the week, off the back of optimism over the possible decriminalization of Marijuana in the United States. Last night at the Vice Presidential Debate, Kamala Harris made mention of the dems plan to bring this to fruition, should they win the election in November. This has the entire sector hot today, without exception,...
Canopy is in a defined downtrend, and has been trading below it's 21 day EMA since mid August with diminishing volume. Note: earnings release is early November, and the stock has consistently sold off heavily on recent earnings reports off the back of low demand, high supply, and the natural constraints of scaling the edibles/drinks business, among other...
It's very likely this plays out bearishly as a descending triangle, Canopy recently released earnings & the price continued to sell off immediately in the days following, despite the financials improving from previous quarters, and despite strong beverage sales the market seems to favor the U.S focused MSO's at the moment. Canopy will need some compelling news to...
Canopy appears to have broken the base line of support of a micro Head & Shoulders, the blue line is where I have the base of support for the pattern. The RSI is starting to creep into an area where WEED has seen support, the green arrows pointing to the right is what I am referring too.
It appears as though Canopy may have pulled a fake out to the downside on an ascending triangle I have outlined in dark blue. In my previous post I mentioned how the RSI has seen bullish support when approaching the green arrows pointing side ways to the right, where I had a question mark in my previous post is now a green arrow coinciding with the others....
Canopy had a massive 40x run from 2015 to 2018, and has since been in a prolonged correction. Starting to look like a bottom is forming around the $10-15 range. I began averaging in and plan on building a core position over the next 6-12 month. Looking for a 10x move to $150 area on this upcoming cycle.