$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.
After taking a look at ACB and MJ charts, I think we are on wave E with CGC chart. I could be wrong but it begins to look more like wave E. If I am right, this should not dip too far down.
Conopy Growth Corporation. CGC Today and tomorrow price for buying $35,77-$35,17 Market Sentiment is on the level of $35,50 Critical level- $26,30 Stop loss- $33,47
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I understand that my chart may offer you too many lines to understand. The red lines are long term trend lines, connecting peaks and dips. The blue lines are a Gann Box for the current cycle. I have marked the channel in which CGC has been trading for the past weeks. That is the one that is most important to notice. The thick blue line at the end, represents the...
The cannabis sector has been really beaten down; today some of them are reaching oversold levels. ACRGF could be a potential stock to invest in, if we see a pullback. Specially since it's retreating from a past strong support @$12. Be very careful, oversold can stay oversold for some time. (Same goes for overbought conditions) Have a great weekend, dorfmanmaster
Triangles, Ascending Triangle, Descending Triangles and Ranges are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the...
Refer to prior chart for details
Stop loss with daily close below the low of 7/3
Entry 1/2 ****STOP 8%**** We routinely review hedge fund filings, and the trend is becoming clear: funds are bullish on oil. From Warburg Pincus, to Elliot Management, concentrated funds are betting big on the energy sector. The reason why we chose this particular oil company was because of two reasons. First, and most importantly, the risk reward is...
23,513,292 shares of Common Stock outstanding as of December 31, 2018. Interwest Venture Management Co is the largest institutional owner Tamarack Advisers, LP reported adding it to their portfolio on 9/30/18 Social media metrics are off the charts right now THIS IS HIGH RISK!!!!!!! **********WE ARE NOT FINANCIAL ADVISERS. THIS IS A HIGH RISK TRADE. ENTER...
Day Trading - Only Strong Trend Days (Can also be used on HTF) There are generally only 2-5 strong trend days a month. The majority of trading days are some form of trading range days, either within a range or a weak channel which reverses and forms a trading range. On strong trend days the market offers what most traders want - a high probability of a large...
Shorting CGC as poor earnings, Black market marijuana cut their prices as soon as legalization happened. Core companies or government marijuana is known now is weak and hasn't made much gains due to high prices. They don't know their competitors and understand their market. More poor earnings to come. August 2 EXP debit spread $390 entry and exit will be $200...