It is obvious in the last 6 months a new trend started in most cannabis related stocks and most of them rewarded Theron shareholders with decent rewards..!
The front runner so far was sundial grower with +440% gain in last 6 months followed by Tilray, CNN, and Canopy.
In my view sundial and CANN can reward their shareholders with higher profits not because they...
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team has been watching cannabis company $TLRY for the past few months. We...
As long as over 21-22 area (previous resistance) has a shot at making a move towards 30 and this is a name that’s gone crazy in the past. Featured chart from guruhaven.com
$MJ $CGC $ACB $AMC $GME #PotStocks #MemeStock #Stocks 📈
This is a higher risk play, I've been buying cannabis for months now. However I think there's a shot still at a MASSIVE catch up move to altcoins. The R/R in some stocks like SNDL and CURLF is still strong.
$GRWG Has had positive earnings and after holding the 200 EMA (orange line/Support) has bounced and broken downtrend. This candle held the break in downtrend, but I expect Monday we will potentially retest its resistance around 43.50
Positive Earnings from companies like $CGC and $HEXO in the coming weeks could help push cannabis sentiment, but GRWG does run by...
CGC is at 200 day EMA. If it breaks below, it could see $24. I don't have much faith in dems right now to push reform so this rally could turn ugly very quick
If the 100DMA breaks, it's all over. We're at critical support, and it has to hold, else the 200DMA comes into play at 9.10. If we see a notable bounce off broader earnings strength this week (positive ETF flows), we could be in for a profitable bounce of 10-15%...
CGC - Long Term Short
CGC Daily:
- Cup n handle failed, handle should not retrace
further than 50% of bottom of cup.
- double bottom with 2nd touch trending lower
makes a double bottom with less integrity.
- RSI trending lower.
- possibly will continue further to the .618 Fib, but most likely lower.
- playing the bounce back up to $31,
- looking to enter short...
CGC - LONG
- Looking for a bounce back up to the upper trend line ($31)
- Double Bottom
- RSI Trending Up
- Stop loss: $28.90
- Profit Target: $31
- Entered long @28.80
- FYI, this stock is BEARISH long term, this trade should only be held if it can break 29.43 Monday morning.
EDEN or EDEN.CN on the CSE (Canadian Stock Exchange) is a new recently listed cannabis stock that is a chain of dispensaries across the U.S and Canada. They also have growing facilities, cannabis cultivation and extraction facilities. They are going to have continued expansion, and have an outlook of $1.00 by the end of the year!
