A short video on what happened todayin the cannabis sector and how to read it on level 2. Enjoy!
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...
The leader by market cap and by quarterly losses broke out from downtrend. We should expect a retest at some point. Current price action looks corrective.
This is now my number two long term growth pick, recently supplanted by the winning APHA/TLRY combo. Still a better company than ACB by a good margin. OGI best value and ACB next best value though, these two been in the trenches for most of 2019 relative to the overall industry. HEXO and SNDL still strugglin but holdin up OK, also great value there but much...
Redux just getting underway...
OGI is a Canadian Cannabis company. Covid slow down has obviously hurt the business for OGI . Ontario and other major provinces are now getting licenses out faster to people so this could provide a catalyst. In addition to this the blue wave, and NYC's Cuomo's positive comments about cannabis have me willing to take a shot on this. Monthly levels of interest are...
Possible formation of an uptrend channel as the price moves to test the ipo price with surging volume, and possibly move higher as weed legislation becomes imminent.
TLRY has closed above the 50smma with surging volume this could mean the start of a new uptrend as marijuana legislation becomes imminent.
Yesterday’s announcement of a movement towards cannabis legislation has been the best news for the industry since the listing of cannabis stocks. The THCX fund is newer and has a lower market cap then the MJ ETF, it also trades at a lower price making an attractive buy for retail investors. It’s holdings are: APHA Aphria Inc 8.95% 603437 TLRY Tilray...
I've been watching SNDL and some other cannabis plays, ACB, TLRY, and CGC. I like this company as it's debt free and looking toward future growth. Starting to accumulate at .$55 and looking at 20-30% gain from these levels in the next two weeks.
I have previously called a buy on this stock at $24.30. It is up 53% from our first call on Nov. 6,2020. I am still looking for more buying power to come with this stock in the future. We will be holding our positions long term for this one.
Price cross above MA200 (black line) and formed a uptrend till 29.50 price. Typical bull flag (or the power flag), build up approx. 18 trading days. The 18th day's volume (6.744m) slightly increased and higher than previous days. The price rejection : one white soldier breakout the trendline draw from top, MACD and RSI also appeared buy signal. I have a position...
APHA was my #1 Cannabis play going into this year based on the fundamentals and it's held up very well, still my #1 long term pick today (along with tangential Cannabis play IIPR). That was followed by CGC and ACB with TLRY coming in at #4. Now with my #1 and and #4 plays merging and largely rounding out their strengths and weaknesses, it is an even stronger #1...