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...
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...
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...
broke out of the recent downtrend her in a hot sector. volume rising as well $CGC $MJ $HMMJ.ca $ACB.ca
This cannabis stock is finally breaking out after an early entry and patience. Cannabis sector hot right now. $CGC $MJ
broke 2 recent lower highs. long on the second break on increasing volume of late $NEPT $CGC $MJ
Long over 0.85 based on a break above the recent lower high on daily. volume support as well. $WEED.ca $CGC $MJ $APH.ca
Looks pretty oversold here. I'll explain later because i don't have time/ I had a chart previously made up but I must have deleted the drawings
cannabis has been good to me... let's see if the trend continues and she goes higher :)
$CGC Canopy Growth Corp Oversold at Support - RSI looking very oversold (15 on the hourly chart), expecting a bounce in the very near term. Short term target: $27.00 Medium/Long term target: $36.00 Note: Observation/opinion, not investment advice.
Consider looking for a long position in PM as it failed to follow through on a new 52 week low attempt.
Interesting set up here on the monthly $WEED.ca $HMMJ.ca $CGC $MJ. Higher low on the weekly and monthly
Moving Averages: There was a 20/50 sma cross back on May 21, 2018 signaling bullish momentum, this has been continued with the stock currently bouncing off the 20 day moving average. Trendlines: CGC is currently breaking out of a wedge formation with more than 2x its average daily volume, on an incredibly red day across the markets, showing a great amount of...
After completing a ABC correction from its All time High on the daily chart ...and having small rally from there...it looks like the whole market is heading towards at least another correction... one the ABCDE, once price approaches or even breaches E I would go short on any pop... TIme frame is hard to tell, but March is looking tough for the stock market as...
We are approaching the same point as last year, canopy made major gains in November 2016 and December and then receded into a correction followed by a bull trap in February 2017 and subsequent spring-summer downward selling pressure. The reversal we saw from the summer prices was due to canopy performing and executing on their plans. The days of heavy...
Wait for WEED to bounce back from the daily Trend Line (around 8.5) then go for long!
Consolidating at key level will lead to explosive move!