Chart is self explanatory - we are at resistance inflection point. The stock has had a huge run up, the higher probability odds is that price retraces down to $50 area prior to the next leg up.
Scaled back in, didnt dump like I thought it would, took profits though.
$HIPH So Far DD just this Year Alone: A. LALPINA HYDRO CBD full launch announced for 8/27/18 and also announced David Schechtmann as President. David Schechtmann received his Doctorate in Law from Loyola Law School in LA and his Bachelor of Science in Finance from the NYU Stern School of Business. www.linkedin.com www.otcmarkets.com B. Several hundred...
This additionally proves that 24% fib is a thing as first shown in the hempco graph linked. Also looks to have completed ABC correction which could ultimately be a bullish signal. look for a good buying opportunity around 6.75 (I might enter higher manually) when it tries to fill that gap from 6.50 to 6.88.
3 ideas here showing bullish signals: 1. correction/consolidation looks to be coming to a close from falling wedge pattern. 2. Notice Diverging RSI (unconventional). As the price is falling, retraces upward are getting stronger and stronger. 3. Price action goes sideways while entering 38% Fibonacci resistance level. Volume seems to be increasing, volatility...
$BRVRF a stock I bought at an average of .03 is getting closer to releasing updates about its mining. At this point in time it should be smooth sailing as it has hit major support today, with the time for the possible release of updates drawing closer and closer. There is also the possibility of a Reverse Merger with a Canadian Company on the horizon.
Nice bounce from a curve support and now forms a bullish flag on 4h timeframe! Entry zone is this green box and SL and three targets zones are on the picture! More confirmations are coming into the update section below! Good luck!
SGDH dropped some big news this week. Now forming a beautiful high and tight bull flag after bouncing off of long term trend line.
SING capable of another move. No need to chart, the company is struggling, will not follow typical patterns. But not your typical penny stock either. Just created alt COIN Singleseed. Potential? Short term? Yes, long term? No idea. Just don't forget to sell ! Mix penny stocks with the Marijuana industry and Crypto currency, potentially explosive. ...
After pointing out the pattern on twitter, I was asked where I see it going. I wasn't able to find much online as far as common targets for the butterfly pattern, other than points A and C. I used a common technique often used with other harmonic patterns to map out other significant resistance zones(drew a fib extension from point X to A, back down to X, then...
Legalization is near by as the vote for the bill to pass will be held on June 7th, 2018 and legalization to happen in sometime August 2018. HIP prices dip on the news of their recent dilution of shares. Its currently sitting at an oversold situation on the yearly chart and 6 months chart. Last time it reached an oversold situation the price of shares doubled in...
Legalization is near by as the vote for the bill to pass will be held on June 7th, 2018 and legalization to happen in sometime August 2018. HIP prices dip on the news of their recent dilution of shares to raise more money . Its currently sitting at an oversold situation on the yearly chart and 6 months chart. Last time it reached an oversold situation the price of...
I have compared Bitcoin with 3 major Marijuana/Hemp stocks. Bitcoin seems to be paving the way for the MJ industry by about a week to 2 weeks. Will this pattern hold up and will this be a good indicator in the future? (Bitcoin is the black line)
Cron might be about to 'get high' it looks like it is losing downward momentum on the MacD indicator, the RSI line is nearing the bottom and it is also getting closer to the bottom bollinger ban. It might still have a few days to go in order to hit bottom but price looks like it is already starting to level off from the down swing. Might be a good entry point....
Aphria breaking out of downward channel, bouncing off support at $7.50. Buying volume looks good, and when there are sell-offs it is on much lower volume. Breaking out of resistance and closing above $9.95 will be very good for the mid-term, closing above $10 will break huge psychological barrier and probably lead to a nice run up long term. Aphria is a great...
Aphria is breaking out of a downward channel and has repeatedly bounced off support in the $7.50 range. If we can close above 9.90 on the 4 hour chart, although there may be another couple of down candles I suspect a cup and handle will form and we will see price enter solid up trend with stronger buying volume. Aphria is one of the few profitable marijuana...
I have compared the growth of Hemp Inc. with 14 other marijuana companies and they are spot on. It will be interesting to see what this year has to offer for the MJ industry.