*Correction: Cuomo is the Governor.
Dear Cannabis Sector friends! In our previous TLRY idea we had asked ourselves: Can TLRY repeat what EOS from crypto space did already? (See the link below) The answer is: Yes . And this is the beauty of Technical Analysis: No matter where you go, which market you wanna play, human psychology never changes. A beautiful descending triangle gets broken bearish,...
Hello my dear Cannabis sector fans, but also to my usual Crypto friends: Pay attention now! The legalization of Cannabis is coming from left an right, and obviously, what had started in Canada, will not just stay there. The US is the next huge market, and after that comes Europe. Some of the Canadian Cannabis companies have seen huge run-ups already, but this...
I missed this entire move as I've been busy with other life obligations, but no FOMO! This size of this bounce tells me the temporary bottom is in and I'll be looking for an entry in the coming weeks after a healthy pullback so I can join the party and take part in some MJ profit fun!
Watching CGC first thing Monday to see if the high of Friday or the low of Friday breaks to signal sort term direction
Clear bear breaks today keep the bulls in full control of CGC and WEED in every timeframe. Currently in an area with a lack of support. A weak afternoon bounce leaves us in an hourly bear flag setup heading into tomorrow morning, bulls must hold the low of today tomorrow as a first step in negating that flag.
Here's what I'm watching for CGC and WEED. Bears are in control as key support is likely to be tested first thing. There's a lack of support for 25% in the event of a bear break.
Watching CGC tightening pattern break for a solid dump or bounce. R: 34.85 S: 33.08
CGC is up against a significant area of support including three price levels and the 200 day MA. Watching tomorrow for how this plays out. Key resistance for bounce continuation & bear flag negation is 32.99 Key support is 31.85
CGC saw a huge move on President Trump's tweet that he has accepted the resignation of Attorney General Jeff Sessions twitter.com This came after a clear hourly bear break singling some daily consolidation was coming, but this breaking news clearly sidetracked that plan and delayed consolidation for at least a little while. I am closely watching for the hourly...
CGC had a nice little move after breaking the daily inside bar today. I'm looking for some profit taking tomorrow as the hourly chart needs a new support above 36.67 S: 36.37 R: 41.06, 42.43
Decided to try something a little different today because I don't want to type up a bunch of analysis. I'm watching the range of Thursday to break to tell me if we're going to see bounce continuation of a healthy pullback to form a daily higher low, and then try to change the daily trend with a higher high. Key levels: S: 35.85 R: 38.28
I think ford starts at 9:15.
Dji starts at 9:15. Trading view forces the last viewed chart to take precedent for the category.
Hello my dear MJ traders, and everyone else, who is now interested in the MJ sector! ;) In this video, I show you the huge pump of TLRY from $20 to $300 since they got into an ETF, and we talk about the similiraties of the price action vs. Bitcoin. You will see, that right now, it might not be a good idea to shift from crypto to the MJ sector. Obviously for the...