For those who want to make a nice gain with a short position, you found your target!
Hexo announced in the papers that there will be delays due to a lack of inventory.
In other words = they have a shortage of product = Bearish News!
Friday shows a red candle going through the 100 Moving Average (6.24C$) meaning support didn't hold, and the next...
As we can see on the chart, Organigram's Bears were in control.
Bulls did form some kind of Buy Area, located around 5.18C$, the 200 moving average indicator.
A comeback into the buy zone wouldn't shock me, just to shake out those last bear hands, and to head up higher? Or will the bulls fail to take control and the price will drop under...
Medipharm is looking like some sweet honey on a goat cheese cracker!
They announced some pretty nice things this month, they obtained their License and the day after they announce a Partnership with Supreme Cannabis! They will make sure Medipharm is equipped with the best High Grade Cannabis you can get to let medipharm create High Grade CBD Oils...
ACB has been showing ups and downs the last couple of days. Earnings showed growth but a lot of investors were skeptical and that was seen in the price action.
First I'd like to start about the vol indicator on this Chart.
It shows a potential Curve, which would mean that we in exactly at the lowest point of the curve, low volume, not a lot of...
Let's have a look at TGOD.
Price dropped like a dead mouse before, but TGOD did create a nice bounce which I predicted in my previous TGOD TA.
Now the question is will it create another run, or will it drop to a lower low.
Looking at the chart and the indicators there is more reason for it to drop then to break out if i'm being really honest here....
Let's have a look at Medipharm.
MediPharm Labs Corp. (TSXV:LABS) is a leading B2B Canadian cannabis extractor, producing purified pharma-grade cannabis oil and concentrates for the development of cannabinoid derived products. As part of their B2B model, MediPharm Labs supplies raw materials, formulations, processing and packaging for ready-to-sell...
I've been fan of Kalytera for quite some while due to their future potential.
Kalytera Therapeutics Inc is engaged in the development of a next generation of cannabinoid therapeutics. The company is developing CBD formulations and prodrugs to target specific disease sites within the body.
This Company develops cannabinoid (CBD) therapeutics for a...
Medipharm had some nice activity news wise this month and traders are buying again.
All I can see on the daily chart is that we are above the 50 RSI, which is bullish, on the hourly chart we are touching the 100 ma which will define if this is a reversal or not. If we succeed in holding above 1.60 then this could be a very good swing trade.
Another stock i'll keep my eyes on this week is ICC Labs, they announced Shareholder Approval of Arrangement With Aurora Cannabis.
Buy volume went up yesterday and there is plenty of ingredients here telling me it might go higher. There is some resistance but with a higher buy volume we should be able to break through it and see a new ATH!
Namaste CEO gave a live interview yesterday evening during which he shared his future plans and vision for the company and it all sounded very promising.
Looking at the chart of Namaste, I can see a bullish divergence which occurred when the stock reversed. The price action is now above the 100 ma (which is now support) and under the 200 ma (which...
We finally see some movement on KALY yesterday, this stock was forming a huge bullish divergence and I was just waiting for spike in volume to confirm this, and here it is. Im expecting Kaly to make a nice run due to good news and also due to the longterm potential this stock offers.
I'm in at 0.110 and another entry at 0.095 to average down. Let's...
As we can see GTEC had to retrace after it's run, and the time for a reversal as arrived. We can see a bullish divergence forming on the RSI and MACD Histogram. Let's see what the bulls will do this week. A push towards the yellow line (100 ema) would be very nice !)
Looking at TGOD, which got a huge hit. it went down from 10.24C$ to under 4C$. A reversal should come at one point and I think that this might just be that point.
I see a bullish divergence on my 1hr chart, with a lower low price wise, but a higher high in my RSI. And my MACD Histogram shows me that the bulls are taking back control slowly.
News just got out that APH will be listed on NASDAQ the 2 November, we could expect a nice reversal today due to that.
Looking on the 1hour chart I see a bullish divergence which could give us the buy confirmation I hoped to get.
Volume should go up today and tomorrow, let's keep our eyes on APH.
ACB took a huge hit, but i'm happy that thanks to my previous TA I expected a big drop. I saw a Bearish Divergence and I stayed far away from ACB, WEED, TGOD and APH.
But i decided to have a look because a reversal in imminent at this price.
On the 1hr chart I see a Kangaroo Tail which is a bullish pattern, and I also see that my histogram is...
In my opinion Khiron (great long term hold btw) is about to make a bullish Divergence.
We will see a lower low with a bounce off, where as the rsi will have created a lower low.
Wait for a higher buying vol for confirmation, I'd love to see a Kangaroo Tail pattern, this would definitely give us confirmation for a reversal.
Kushco is oversold on the hourly chart and this could create a bounce off (which is already slightly did), but with the fact that a bullish divergence is luring in the MACD Histogram, this could become the start of a rally towards the higher level of this Bullish channel .
I did zoom out before starting this TA, and on the weekly, I see lower highs,...
As we've seen HEXO didn't manage to break out and create a run, which isn't a big deal because I only would have entered a trade if I had more confirmation such as Volume and Momentum. Instead, we got a retracement, which is about to reverse in my opinion.
Have a look at the chart, as we can see we have a lower low price wise (RED ARROW) but in the...