Love the stats and the story. Short term swing. It is being driven by speculators because it's a low float China stock. Went up too much in a short period of time, hence the big sell off. Also, this China tariff news probably spooked traders. Net income is down 2 million, but general administrative expenses increased by a factor of 10. Plus, they are...
CGC has completed 5 waves up on the weekly chart. Get ready for a big long ABC correction down to around $22-$25.
Hey Trader Buddies! Looks like a potential Inverse Head and Shoulder's Pattern is forming. If it pans out CGC will dip back into the upper 40's and give some upside back to mid 50's.
Weed stock are on a roll right now. CANN and CBDS have always followed each other. Big volume spike, and with TLRY and all the big names in the marijuana sector on fire, speculative fervor will transition into the smaller names. For the most part, though, I like this as a sympathy play off today's CBDS move
aicody.com Company Summary Tilray, Inc. (NASDAQ: TLRY) is a global pioneer in the research, cultivation, production and distribution of cannabis and cannabinoids currently serving tens of thousands of patients in ten countries spanning five continents. Tilray has reported financial results for second quarter of 2018 and six months ended June 30, 2018. “We are...
CGC After retracing .5 of the move up from the low of consolidation before the constellation news to recent all time high, I'm now watching for a lower high to be set somewhere between $49-50 range. If we get a quick push up Monday to that area I would expect enough profit taking to have us looking back down to find a new base of support above Friday's low $40.68
Earnings report wasn't that bad really, just disappointing. The stock was already up 1000% at one point, and Bank Of Montreal owned 30% of the shares back in December 2017. I initially flirted with the idea of buying on Monday, or near the 78% line near the March/April consolidation area for $8.00ish, but decided against it due to the extent of the sell off. ...
bullish back test of prior resistance here. Could be a set up to 77 $WEED.ca $CGC $CRON $MJ $HMMJ.ca
Quick short. Was waiting for the signal. Just breached 80 on the RSI Smaller size on this
Went up 1700% after reverse split. Broke support yesterday on increased volume. Had my eye on this one for awhile.
Chart is self explanatory - we are at resistance inflection point. The stock has had a huge run up, the higher probability odds is that price retraces down to $50 area prior to the next leg up.
looks to be potentially breaking out of a few month downtrend. lagging other cannabis stocks. trigger: 9.39 to add $CGC $CRON $MJ
We'll probably see a red week next week. Spetember is usually a bearish month for stocks. The good new is that in Oct-Dec stocks perform great.
While volume still looks strong we are starting to see some divergence on multiple indicators. I'd wait for this to cool off before going long. Tomorrow might be the day to go short. I wouldn't be surprised if it was up PM and started heading down after open.
Fib Retracements work too well. Looking to reload between $33.50 and $40 1,1,2,3,5,8,13,21,34,55,89,144,...
guess what happens next?
First day of legal sales in Canada is Oct 17 (AFAIK) so comparing to the first day of legal sales in Colordo (1 Jan 2014) is a good idea. Green line here shows the week of legal sales. Price ran up into it (similar to the action we're seeing in CANNMJ now ) and it didn't stop once sales started. This is for all the bears in the Canadian MJ space. Watch out....