1: Recent IPO with good volume 2: Most Weed companies are basing in support 3: We have a daily engulfing candle Taking a long tomorrow
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 &...
Some quick commentary on which Marijuana stocks I am bullish on and which ones I am avoiding.
Justin has been busy getting appointed to other companies like MCTC and IGNG . Meanwhile, DCGD has added to its advisory board. But what comes next? New highs again today. Will there be a capital raise at any point? Interested to see the next quarterly filings. From Money Making Penny Stocks: One Is Up Over 21,000% This Quarter "This Has Been One Of The...
Fibonacci take on $WEED.TO $CGC. Just a wish full outlook
Hello Traders! Today’s chart will be on CHARLOTTES WEB HOLDINGS, a pot stock to keeps your eyes on! Points to consider, - Overall trend bullish - Price respecting upwards trend line - Bulls testing major resistance - RSI respecting downwards trend line - Stocks showing downwards momentum - EMA’s providing price support but looks weak - Very low volume...
Hey guys. So I have always been a fan of marijuana stocks and who can love trading the devils lettuce, but not trade ACB!? Over the summer we had a big sell off in the sector, but that was expected after the run we had that winter. The market is starting to catch some support and we are seeing more consistent green days for the green good. At this point in time...
So, since the last time I posted a chart on TNY we were trading in descending triangle that broke to the downside on a "short term time frame." I had mentioned that the pattern could also be a bull flag , but that was not the case. It is interesting however to see Tinley get back up to the 56c level where there seems to be historic support dating back to Aug...
This has gone from Prom king to drop out real quick. I think a lot may have had to do with expectations built up over time but at the end of the day, who really knows? Let's hope that October is better to them than other months considering what's set to happen in the industry in Canada. "Clearly, the hype from the deal has proved to be nothing more than that;...
KGKG came back from the dead today but is that news going to be enough to keep the trend going next week? "The company announced distribution through 15 new distributors in 14 states. The deal will see Kona Gold’s hemp energy drinks and CBD waters go on sale in new markets. The company is now partnered with 31 distributors and has distribution in 30 states. Chris...
The chart speaks for itself Reversal soon -bullish divergence -trading in fractals identical to previous price
Is Curaleaf going to shake off the FUD from the FDA & continue crush the U.S market. I think so, although they may have stepped over some boundaries with promotion / labeling & making claims on some of their cbd products, it doesn't change the position they have in the U.S with distribution. It looks like CURA may have found a double bottom? Time will tell per usual.
Did Canopy create a double top, or is the stock going to create a Macro higher low & stick in a bottom tmrw or sometime right away next week?? If Canopy doesn't take control of the market tmrw with some big news to offset the market sentiment than don't look down, in my humble opinion which is only worth a grain of sea salt from...…. Time will tell per usual.
Watch for a break out here next week. I think we could see a break up past 40 cents soon and into that 50 cent range. After that we could really start to move back up. VIDA has recently done some good partnerships that will help on the fundamental side.
ACB appears to be in a good buy spot here- This stock along with many of the marijuana names have been beaten up in the last few weeks/months. The price is on/near the diagonal bullish trendline it has respected for a long period. Although it is not the strongest of trendlines with only 3 real bounces. I do think the risk meets tbe reward here. Im looking at a...
Making channels using log view Namaste tech is going down to 18 cents most likely, and then you can expect a 20% - 30% bounce Buy order at 18 cents and take profit at 23 cents. Thats how I would play it off.