I rarely do Buy and Hope, but today, I am hoping for a bounce from yesterday's low, signalling that a weekly higher low is in. This seems to be a decent supply zone, but broader industry sentiments are still tough. Averages signalling underlying weakness, but when sentiments change, this stock should be testing $8 again in the coming days or weeks. Still, trying...
TICKER: $CRON CRON is basically the same as CGC. Huge bear volume on Friday with a 10%+ pull back. Bull flag has been negated and we are looking for a daily higher low compared to 6.38. Watch for $SPY correlation as it will have a factor in the timing of the bounce. Also watch correlation with CGC and other canadian MJ names. Remember, RSI levels could get to...
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We're likely to see a retest of the area of resistance, to confirm if we have a S/R flip. If resistance indeed turned support, the stock is a buy in my opinion, likely to retrace to the green channel, before probably looking for a weekly higher low. Looks like a possible break out. 35% of the float is shorted. If the bulls remain in charge, they're going to take...
Quick update on CRON, which has broken a key resistance level, now potential support upon retest Points to consider, - Trend change with Higher High - Structural resistance broken - RSI diverging - Stochastics in upper regions - EMA’s support - Volume increasing Higher high has come to fruition; this is the first time in CRON’s bear trend, signalling a...
Daily trend change confirmed, with the sudden surge in the MJ sector I will be looking for a weekly trend change and taking entries
I think the base in $CRON offers a great opportunity to go long here, with very low risk and potentially huge rewards if we get a new big trend in the 2-Month timeframe. This chart is ripe for a 10x-20x advance, once it gains traction from here. Cheers, Ivan Labrie.
Daily Chart is looking like a great long-term buy down here. Watching for a move over the daily 50sma and a continuation higher above $20. It's been a rough ride down since March of 2019, We trended all the way back down to 2017 support on the North American Cannabis Sector shown here -> charts.stocktwits.com I'm anticipating for this to hit $50 in the 5 years ...
I Pin pointed my 3 conformation I need before I buy in, But you know things can go south so make sure you keep you stop loss tight if you buy in
Underlying weakness, with bullish divergence on several indicators. Could possibly see a correction to $0.70 support/resistance soon. Excellent fundamentals, undervalued and a strategic investment by Imperial Brands. Monthly/weekly falling wedge likely to remain in play until Q2 2021, but there should be some significant bounces. Currently trading at $0.57, a...
ENTRY 1 6.80 ENTRY 2 6.25 SL 5.00 TP.1 7.50 TP.2 9.50 TP.3 12.00 TP.4 14.00 TP.5 17.00
Waiting for pattern to complete or $4.62 to enter long Trade Entry All bearish options entries are poor risk/reward. $140 risk for $30 reward. I would prefer waiting until bottom to buy shares or long calls. The other alternative is to short CRON. Break of current bearish banana pattern to bullish is low probability IMO here. Curve of pattern is midway. ...
Got a Vanguard notification of a purchase this morning. I'd like to attempt to document, on the same day, all individual stock purchases for future reference and timing studies. Purchases are Long-to-Ultra Long term holdings. This will not be one of my forever-holdings. Companies purchased reflect positive outlooks on - Valuation, Growth potential, Technicals, and...
I have been following the weed sector closely as it has a favorable vol indication for someone with my size and have determined that there is a strong probability that we are due for some oversold bounces in this sector. Might be worth throwing in a bet and calculating RR accordingly. Modify as needed according to your risk tolerance and size. God Speed, Mr. Manbearpig
Just working on a count, thought this was interesting, yes ive been drinking, prolly dont mean nothing, may take a bite but its definitely in dangerous knife doping territory MO...$$
CRON READY TO REALLY ON EARNINGs entry $8.00 entry $7.40 tp.1 $9.00 tp.2 $10.50 Tp.3 $12.50 TP.4 $14.00