This has been one of my long term plays and for good reason if you check my prior updates. After the hearing and approval tonight I see above .10 tomorrow and a push onto its second major leg up with a PPS target of .25 before the next consolidation period takes place.
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.
HEXO may be going through a falling wedge pattern, which has the chance of reversing the trend to an upside. It's reached strong support from its long-term trend, and it looks bullish on the 3-day MACD after crossing back in September. Look for it to breakout above the resistance.
Hello Traders! Welcome to today’s chart update which will be from the Canadian MJ sector – ACB – Aurora Cannabis Inc. This pot stock is testing a critical area; price may put in a new local higher low and or break the trend and negate the whole market structure… Points to consider - Potential Triple Top - Price testing critical support zone - Local support at...
Lease Agreements with a Large Marijuana Cultivation Facility and a Retail Marijuana Store have now been finally approved by the state. We are also partnered with $CGRW Green Houses whose plants will soon be in our product line through our JV with $CGRW If you remember $CGRW went from .00s to over $3.45 $SGDH itself was .80 cents in 2009 and .30 cents more...
. . . the Beginning of "The Searching of a NQNACE PotStocksBottom" . . .
KSHB has been one of just a fine few pot stock related names that has actually gone up. So what's the deal? The company’s stock price struggled throughout September, decreasing 60% on a massive drop during trading hours on September 26th. This was due to the company announcing a direct offering for shares at $1.75 per. This cannabis company is comprised of several...
It appears as though tny may be trading in a ascending triangle. It's clearly noticable on the rsi as well. The 30-45 day estimated time frame for Tinley's two canadian LP's is fast approaching. Sunday would be 30 days from the previous news release. A Friday or Monday news release would be likely & timely for some sort of announcement in regards to this topic....
RSI is trading in what seems like a ascending triangle as well. Interesting.
It looks like Tinley is holding strong, tough times don't last but tough people do!
This is the same chart as my previous, just zoomed out on a 1 year time frame to give a better Macro picture. What appeared to be a descending triangle on a smaller time frame in the chart linked to this post, still visible on the 1 year chart as well, was exactly that. Now it appears TNY is getting ready to break through this "potential" Ascending Triangle &...
Aleafia looks like it is ready for a bounce at the very least. The RSI is also forming an ascending triangle. Easy risk to reward on this one. Either it breaks out from a $1 entry with a target around $1.50 or it breaks down from the $1 level, invalidating this trade idea.
Some quick commentary on which Marijuana stocks I am bullish on and which ones I am avoiding.
There has been a lot of news about Medicine Man Technologies acquiring more market share of the cannabis or marijuana sector in Colorado that has pushed this stock from $1 to $4 in 2019, but is it just hype?