just like with chart similarities with Lyft and Uber. $TLRY tends to pave the way for $CGC.
“There is equality where all are slaves, as well as where all are free. This shows that equality, by itself, is not enough to make a good society.” ― Bertrand Russell
CGC Lost nearly horizontal support, and so could very well be headed lower to price area shown on chart for uptrend support line. it is very possible there could be a bounce to reset the RSI a bit higher first, possibly even as high as 31ish. I changed from short to long at 27.50, but am holding off on any more purchases of stock until either the downtrend...
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.
$OGI has held the 200DMA as support the last two trading sessions & on July 15th. Hammer candle was put in on 7/29 followed by a bullish engulfing signal today. OGI current trades at a 10x P/E 2019 revenue and a 3-4x P/E on FY2020 revenue estimates. We see several near-term catalysts for $OGI and feel the stock will benefit immensely once the current industry...
Oh well, were definitely expecting more energy from around here but now it seems to be that the support that has been holding the price on right course since December '17, is lost. This channel where the price bounced a tiny bit right now has also been tested few times earlier. Not looking that impressive here, for me at least. If this channel is lost, we may see...
Well, there was the bounce. Filled with hopium I was imagining couple of lines higher move from here. We'll see if there's energy for that as we get closer to this crucial trend line, elseway we could see much cheaper stocks to buy soon.
Support did what the support were suppose to. Many levels to break ahead. Things probably start to get interesting around 51-55 CAD where this bounce hopefully takes us.
The Cannabis ETF (MJ -4%) is trading at at six-month low as investor hype around cannabis stocks has faded. In a somewhat predictable sell-the-news reaction, the MJ ETF peaked when recreational cannabis went into effect last Fall after staging a massive run leading up to the highly anticipated event. Since then, the onus has been on companies to deliver. Most of...
This is the place to bounce for $CGC or else a drop lower where there is very tempting area waiting for loading up the $WEED bags
As shown in chart. TLRY could benefit of a big rally if we can cross the $56.50 SMA(50) line with strong volume. Technicals RSI @62 with a stronger comeback from being oversold. (Check chart drawings) * Always set your stop-limits to protect your position, as well as exit-profit targets to get your gains. Happy trading! dorfmanmaster
Bruce Linton & William Hilson, I made it easy for you lol. They've had their eye on a specific company to takeover before they made this capital pool company! Cronos Group has a 2.4 Billion Dollar investment from Altria Group. Canopy has a 5 Billion Dollar investment from Constellation Brands. Here's a link to Cuspis Overview, put www. before...
Very bearish chart - no reason to catch the falling knife and buy until something confirms. Weekly MACD turning negative and already below the signal is confirming this down move. No catalyst yet - I'll need at least a break of the recent weekly downtrend. Meanwhile, negative divergence on the MACD and DMI will weigh on it.
After charting $CGC I think I'm going to place a couple of LEAPS