HMLSF has been in intermediate downtrend since Oct 2018 and is nearing very strong support zone. This Marijuana ETF boasts a 4.6% div yield w/ $800M AUM.
This might just be one of your best bets for playing the industry "Safely" if you're looking for exposure to the industry.
What a year from Green Growth Brands thus far: a deal with multiple mall operators (including SPG), and now a deal with Abercrombie & Fitch to bring their CBD products to 160 stores.
- From a fundamentals perspective, this brand is as disruptive and prominent as they initially appeared to be
In my opinion, price action has not caught up to how much this company...
JWCA:TSXV - James E Wagner Cultivation: after breaking down from the 80c range it was trading in for a couple weeks JWCA has so far found support just above a previous consolidation zone from mid January. watching for a move up above 76c and 80c as potential confirmation. The MJ sector is currently weak still and despite positive news today from their JWC2...
There are signs of profit taking at the new all time high of GWPH (tails, weak breakouts, reversal attempts). One more push up would form a nested wedge and a larger wedge reversal, increasing the probability of two legs sideways to down. If there is also a buy climax, it would form a parabolic wedge reversal where strong bulls will take windfall profits and...
CGC is beginning to develop some two sided trading and transitioning into a broad bull channel / bull flag trading range. (All channels are a form of a slanted trading range and ultimately evolve into a large trading range). Prices are currently around the middle of the trading range, where the directional probability is close to 50/50. The high 2 buy setup a...
MJ is the center of a large bull flag trading range and expanding triangle. Last week formed a second entry for a higher low and a potential start of a second leg up. The selling pressure down from the 38 lower high has not been strong, but the directional probability at this location is close to 50/50 with a slight bull advantage. There are still bull gaps...
So far this week is a bull follow through bar. The bull breakout gap is still open below. The bulls will likely get two legs sideways to up even if only a small rally and test of the 78 tight trading range. If the bulls get strong consecutive bars over the coming weeks, it will increase the likelihood of a second leg up and test of the 160 high. If instead,...
ACB NYSE is currently in the dead center of the bull flag trading range, and a converging triangle. This is where the directional probability is very close to 50/50. However the bulls have a slight advantage because it is a bull flag trading range, and there are bull gaps below. Prices are currently stalling at the failed bear reversal, where trapped bears may...
ACB is currently in the dead center of the bull flag trading range, and a converging triangle. This is where the directional probability is very close to 50/50. However the bulls have a slight advantage because it is a bull flag trading range, and there are bull gaps below. Prices are currently stalling at the failed bear reversal, where trapped bears may...
Or, is more pain ahead for TGOD in what appears to be another descending triangle!
TGOD is down roughly 60% from its ATH's.
TGOD is down -52% in the past year.
TGOD +32% YTD
All Time Performance for TGOD -42.33%
Price target of 35c!
Time will tell per usual
Marijuana tech company backed by early Facebook investor debuts on the Nasdaq!
After hours hitting $70 now that is crazy! Tomorrow good dip buy oppertunity ?
25.15% gain profit $1,250
Entry $27 exit $39.51
JWCA:TSXV - James E Wagner Cultivation: trying to curl while general sector is weak, aside from the brief pop two Fridays ago this has built a decent base in the last three weeks in the high 70c to low 80c range. 81c is currently the biggest psychological resistance as we haven't had any ability to hold gains above it, 81c will also represent the middle BB line....
I have my eye on this penny stock and I think that we could see another run up soon. Maybe in to the up 50 cent range and a then continue? We want to see a clear break of the triangle and a confirmation candle before going in long. I have been charting this one for a while and the previous triangles played out even though I didn't share at the time.
HEXO reversed down from a nested parabolic wedge, larger wedge and large low 2. The follow through selling has been good. The bears will likely get a second leg down before taking profits and before the bulls will look to buy again. This market is still in a bull trend, but wedges often lead to two legs sideways to down, convert the market into a trading range...
Although $ZYNE is developing some bull strength, it is still in a large bear trend or trading range. The bulls reversed the market up on the monthly chart from a large high 2, and will probably get some form of a second leg up. However since the IPO this market has been sideways to down, decreasing the likelihood of a strong bull trend developing. The bulls...
