I hope not, but hope isn't a good investment strategy, and with the negative sentiment in the cannabis industry I wouldn't be surprised to see this get down to 1.10. This could be a giant bull flag as well, but I don't know were the buy pressure will come from in this sketchy market? Time will tell per usual.
It appears as though TNY has broken out of a descending triangle & through some short term resistance that's been holding the sp down since September 25th. It would be nice to see Tny form a support at the 50c level & not drop below it. Also, TNY is trading above the MA (9,close) which is bullish. We just need to get the fuck back up to that 200 Day MA. That...
The biotech sector is known for generating some of the most volatile names around and for good reason. When it comes to biotech and healthcare stocks, innovation is the focus. " Healthcare penny stock Community Health Systems Inc. ( CYH ) is a healthcare company that buys and runs acute care hospitals in the US. The company operates an impressive 103 hospitals...
Is Curaleaf going to shake off the FUD from the FDA & continue crush the U.S market. I think so, although they may have stepped over some boundaries with promotion / labeling & making claims on some of their cbd products, it doesn't change the position they have in the U.S with distribution. It looks like CURA may have found a double bottom? Time will tell per usual.
This trade brings opportunity for investors looking for a a company with great fundamentals and nice risk/reward potential into end of year. As the chart shows (blue arrows) I am awaiting a buying opp around the blue trend line. From current stock price, potential risk/reward around 3.5 : 1 downside risk: $1.39 upside reward: $3.50-$5 Recent selloff after...
The double bottom pattern always follows a major or minor downtrend in a particular security, and signals the reversal and the beginning of a potential uptrend. Time will tell per usual.
Aleafia is looking to retest a recent support that was made May 3rd. If it holds then we will see a double bottom & possibly a reverse in the trend after the break through the descending triangle I spoke about in my previous post.
This chart looks like an emergency that requires an urgent intervention! Perhaps the major volume seen today could be an indication of capitulation and i will be monitoring the price action in the days ahead to see if it is able to recover from these over extended levels. Should this level hold which is also coincidentally the bottom of the downward sloping...
Intuitive Surgical Inc., under the Medical Instruments and Supplies industry, has had strong growth over the past 3 years but it is now facing the risk of a topping formation. The topping pattern is near the phase where a completed top could occur and then downside action would include sell short professionals and sell short HFTs. Support doesn’t kick in strongly...
PFE shares show unusual buying. This should help the stock continue its bullish move higher.
The Health Care sector has been showing very nice breadth. MRK remains a leader in this tape.
A choppy market since the February market turmoil, but I think we are back on track. Longterm we are still locked in a bullish play, and I think we may have completed a 4thwave play on the internal wave count and are now making moves to shape up the final 5th-wave. Here is the longterm view so far:
Attached is a piece about SWKH in which I discuss the value within the company, and I suggest it as a way of exposure to the healthcare technology sector without the risk. How is that possible? SWKH uses debt investments when making acquisitions in companies. Debt investments are usually the first investments to be paid back in full when a company undergoes...