I believe I have found a connection between Bitcoin and the MJ industry. When comparing BTC to APH I have found stunningly similar trends but Bitcoin seems top make the first move by almost a month. I have placed alphabetical reference points to show the comparison. Since BTC seems to be ahead of APH by a month, I went ahead and placed the next trend...
Using BTC to swing trade APHQF with a 7.63 Buy in. Target prices are listed with major resistance points.
Perfect n°6 pattern. This stock is up beacause the marijuana sector is getting hotter again since its going to be legalized in canada and maybe even in usa but this will affect the stock price in future: as for now the psychology and the patterns beat the news/rumor (maybe we'll have a V price ation similar to that we had at the end of december and at beginning of...
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Let's take a look now at CannabisCoin (CANN), the third out of four marijuana altcoins that we are analyzing and trading. I recommended these coins, Potcoin (POT), CannabisCoin, HempCoin (THC) and DopeCoin (DOPE) a few weeks back in our VIP chat group and Top Altcoins for Long Term Hold post. Here you get all of the details about these specific coins. As we get...
Hey, Alan Masters here. Let's take a look at Potcoin (POT) for a very simple yet potentially very profitable trade. You can easily make 200% profits with this coin in a few short weeks, the same is true for the other marijuana coins in the cryptocurrency space. We are getting close to 4/20, and the marijuana industry is growing worldwide, with Canada making it...
looking to breakdown bear flag into final corrective wave, took a lot longer than i originally anticipated but it will come. short then long into buying opportunity
I had hypothesized earlier that hempco could find support at previous resistance level after being in a very harsh downtrend. now blasting upward through resistance on news of Aurora cannabis's investment, showing that the bulls are still very much alive.
Cronos is a great test-case for what happens when a Speculative OTC stock goes to the big time market. They shot up 30% in the days after it went from OTC to the NASDAQ on some HUGE volume. I personally like Cronos a lot. Mike Gorenstein seems like an excellent CEO and they are setting themselves up really nicely in terms of the international picture. HOWEVER....
Ive been invested in the Canadian marijuana sector for just over a year and a half and have had great overall success but most importantly learned A LOT along the way. Weve got a HUGE catalyst coming up in the Canadian Recreational Legalization slated for August 2018 and I for one do not want to be waiting on the sidelines! This is just a VERY rough sketch of...
Aurora didn't get as high as the other stocks, rather ending the last few days in the red. Forcing me to remove the previous support I was worried about, as well as the possible new upward trend line, replacing it with a dotted green temp downtrend line. It didn't recover well from that broken neck. There wasn't much of a shadow and the candle closed almost full...
Not only is that hilarious, but it is a step in the right direction for sure. We tried to smoke our way past resistance, but it looks as though we couldn't quite do it, stumbling back down into the support channel. Confirmation above the MACD's on Monday will allow is to move the support up to 31.40 and possibly 31.85 if it opens bullish. That huge red shadow on...
On this Friday's chart, you can see that we have bounced off the light support line and closed above to a nice little upward consolidation right in the middle of the channel. The main support at 18.66 is now confirmed as heavy support. Today's final candle closed with a slight green hammer, which could indicate a positive Monday open, taking us towards 18.69. If...
If XXII fails to break previous resistance level I would get out and cut losses if you are a bull trader...bears might stick around and reap the long term benefits coming up this year. If you are a swing trader such as myself, check for that 3.20 to 3.40 if XXII breaks that previous resistance level and creates a new support by the end of the week.
Stocks are the only time breaking your neck can be a good thing. But it is usually scary for a bit afterwards. Some big volume came in and sent us shooting right past the 78.6% retrace, but right back down again as volume petered off and we look for support. Today did close with a minuscule green candle, sporting a small shadow. This could mean we might test the...
price action has bounced off of 50% from peak to peak values from the high in the 40s to the low in the 20s. Now looking with strong downward pull from bears. The retrace is almost surely over and this stock will resume its downtrend for now most likely.
Daily Chart Analysis: -Long term bullish trend -Trading at low bullish volume -Sitting above 30/50 ema lines -Stochastic Indicator overbought territory -Target prices - 2.04 - 2.64 - 3.22 - Possible retrace to 1.43 and future corrections as we test new highs. ---- OTC link, llc part of otc market group was witnessed in the trading book buying 4k shares @...