The H4 timeframe is suggesting interesting points which make still think that we are close to a rebound; as I recently shared, the 0.7$ area is extremely important has it is where three important trendlines are crossing (this is not visible frm this chart).
Summarizing my points:
1- RSI showing divergence with price action, and it is rebounding for the third time...
OMG, this is finally happening folks. The house passed the marijuana banking bill, and the senate is now dem controlled. The act passed with 76% approval in the House. If the Senate can get the same level of support, this bill will pass whether the president wants it to or not. Who knows, the President may support this bill. I've been waiting a decade for this...
This is strictly a speculative play on federal marijuana legalization, with reform being a top issue in politics currently.
I dug a little deeper and found some promising words from the organization's CEO Jesus Quintero in an audio interview with SmallCapVoice.com, posted today on March 4th. Part of the transcript goes as follows:
“We have made great strides...
All I'm sayin is that it looks hopeful to have bottomed. One could plead the case of bullish divergence. With legalization in the cards this year, maybe this is a dark horse but it's too soon to tell. I love to draw predictions but I don't really have a lot to work with here. This is one of my long term holds.
It's sort of at a tipping point and I don't think it has the strength to tip upward.
I will probably make a partial reentry anywhere in the circle, then wait for more information. I have it going as low as $.94 but I won't wait that long for my first reentry. If it gets to 94 cents I'll go hard. With legalization on the table, it may not dip so low, but remember...
You can never go wrong with using Fibonacci falling in line with human psychology and the universe itself.
Major support zones hit on the fib lines, with obvious resistance levels that are ready to break. Initial flag pattern had broken down, potential flag pattern support highlighted with lower purple line. Pinch is inevitable.
Q4 earning should be released...
This drug company could ride the pot wave on a mushroom cap.
Just a hunch
No hard numbers
The mental metrics just line up for me.
What was once illegal and destructive is now legal and restorative.
And NOT investment advice - just an observation.
So I have a Solid pick in $GRWG
$APHA is a great buy right now at the price and with the potential
$GWPH is a LONG hold. And strictly equity. I will be adding at key levels.
I Dont disregard the favorites like $ACB $CGC and others but I think that these offer potential as well. GWPH perhaps I am biased on because ive been watching this company for a while, but...
- Market cap : 16BN. Global TAM : 70BN
- Top rated app(4.8/5)
- Currently in 7 states(12% of US population). 19 states with mobile legislation while ,majority are still being considered
- iGaming CAGR New Jersey (2014-2018)- 25%
- Products : Daily fantasy sports, Sportsbook,iGaming.
- Building a great brand.
-History of track record =...
You already know it... Holding the mj sector longterm & reinvesting dividends & diversifying in new canna tech businesses will = financial freedom ♾ might need another 10 years but well worth the wait later on!
JUST #LEGALIZEIT ~~~
BLAZE IT & reap in those extra tax revenues for schools, roads ect...
its just plain stupid for tax payers to...
Cronos group is currently trading within a steep downwards parallel channel. My expectation is that this channel will break within a few months, steep channels like this rarely last this long on non logarithmic charts. I would love to buy an accumulation towards the bottom.