The news release from Tinley today was enough to test the resistance level at roughly 85c to 86c, which is the top of an Ascending Triangle!
It would be nice to see Tinley break through this resistance flush tmrw, Friday, or possibly next week & consolidate above the Ascending Triangle.
There's not much resistance until 1.13$ CAD if Tinley can breakout of this...
High of yesterdays bounce need to break for bears to gain control
-look for daily lower high compared to 9.83 if hourly breaks bullish over 9.35
-further downside if hourly breaks bearish under 9.15 during regular hours, next support on the daily at 8.08
-broke key support 17.71
-resistance 18.46 (high of yesterdays bounce)
-lack of weekly support if 17.71 breaks
-bulls need to break 18.46 on the hourly
-look for daily higher low to form under 21.10
Tightening hourly range
-hourly support: 43.66, 43.35
-hourly resistance: 44.85, 45.35
-if hourly breaks bullish, look for a daily lower high compared to 48.60
-if hourly breaks bearish, next support at 42.91 then 41.68
I looked once last time after utilizing the 50, 100, and 200 moving averages and adding a massive Elliot wave that encompasses months worth of price movement. The good news is that no matter how you look at it, this stock is bouncing predictably off of the upper and lower price channel and showing a general positive movement. Those 50,100, and 200 EMA's along...
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 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...
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)
As we can see, WEED keeps tapping that new upward trend line quite nicely, leaving us with a third point of confirmation on our temporary upward trend line, indicated by dotted green. This however, brings us closer to a possible ascending wedge forming. After making a significant rally today, you can see that we touched the previously drawn resistance at 33.90,...
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.
Although there was an indication that it was going to re-test support as I mentioned, it retraced further than expected, but it respected the heavy support line drawn on the previous chart. Support remains the same, however, new support and resistance lines have also been established to indicate new windows. We closed today with a green indecision candle, so we...
This is a work-flow experiment. The details surrounding the indicators and metrics used to arrive at my conclusions will be discussed when my targets are met.
Cannabis Science, Inc. takes advantage of its unique understanding of metabolic processes to provide novel treatment approaches to a number of illnesses for which current treatments and understanding...
This is a work-flow experiment. The details surrounding the indicators and metrics used to arrive at my conclusions will be discussed if & when my targets are met. Some data factors used: trend lines, E.Waves, channels, fibs, MA, RSI etc.
Novus Acquisition & Development Corp. (NDEV), through its subsidiary WCIG Insurance, provides health insurance and related...
What do you guys think?
I say it breaks out based off the increase in volume, and the fact that the Canadian markets haven't affected ADVT. Why? They're based in Newport Beach, California.