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...
For a brief time we crossed resistance, but retraced and are now keeping in line with the support and resistance channel that has being tested and is currently consolidating. For the time being, the support line has been moved up, although keep an eye out or have a stop loss somewhere just below, maybe ~30.50. This is due to a slightly looming green shadow that...
Over the past few days, we can see that LEAF has been trailing it's rivals slightly, although it is strange that we didn't see more of a consistent breakout, considering we just saw a head and shoulders pattern, followed by a bull flag. It seems as though we might see a retest of the 32.8% fib retrace line to confirm a bullish trend. Thank you for viewing my charts!
Wow 9.54%! We absolutely blew past any form of futile resistance that I thought may have held us up a bit, into the 0.5 Fibonacci re-trace zone, waiting for an almost guaranteed close tomorrow to confirm above 29.50. I'm moving the support lines up faster than I can buy. The bulls are in full force with no sign of a flag, and even though I've drawn some measly...
So, in the previous chart, I was thinking that it wasn't going to cross that line due to the volume and or buying power. Well, they have just acquired final approval for the acquisition of CanniMed earlier today. A combination of diluted asset and possible positive conviction I believe, has lead to an increase just above the trend line. This has allowed me to move...
We are holding a steady pace upward, exiting the downtrend finally, with a head and shoulders pattern finishing above the 0.236 retrace and past the downtrend channel. Closing in the red, just below the resistance line, it will be interesting to see if the H&S was a true indication of a bullish trend forming, or is that a bull flag I see directly after it?...
There is still some seriously heavy resistance that we will have to face, considering it just barely cleared above the previous, with a long green wick although. I have moved the upward trend line to reflect the newly created likely support area, indicated by the green dashed line. If we can confirm a second retest above the current dashed red resistance line, the...
It is looking it will consolidate for quite some time, however, they have just acquired the license for a facility in Aldergrove B.C. It will be interesting to see if it remains bearish during the primary phases of that operation. There's an indication it might retrace the .236 Fibonacci, where it intersects the upward trend line at this point, because support has...
Observations Extended correction through an ABCDE wave pattern. Charts still bearish as 55 EMA is above the other EMAs on 3h timeframe. Price trend also well below 55 EMA. RSI is also downtrending making lower highs. Continued pressure across the stock market (i.e. Dow Jones Index is still looking to correct further) Keep a close eye if it breaks down...
WEED has been in a downfall since the bubble burst on pretty much every weed stock there is. Now it how made a consolidation pattern and is shortening its price range. In the coming days we will see where it breaks and what this will be able to tell us about possible future outcomes. A lot of people think that bubbles are a bad thing. But they show that the...
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. Here's some fluff: globenewswire.com Also my thoughts in general: -ADVT looks like a solid company from the top down with expansion in mind, a 2018 projected exponential...
Observations Lots of MJ stocks following the same correction path. Extended correction through an ABCDE wave pattern. Charts still bearish as 55 EMA is above the other EMAs on 3h timeframe. Price trend also well below 55 EMA. RSI is also downtrending making lower highs. Continued pressure across the stock market (i.e. Dow Jones Index is still looking to...
Observations After a super extended wave 5 move at an alarming pace, we have been going through a fairly long correction phase. We may have entered into what is commonly known as the "hurry up and wait" syndrome, where we rushed through the impulse wave and then carry out long correction from the previous high. Charts still bearish as 55 EMA is above the...
Company is in the middle of building a grow op with 12000 kg potential. Bought MMJ Phytotek, an Israeli pharmacuetical venture creating a CBD based seizure medication. We all remember what happened to OWCP. Lots of news catalysts in the future. They just an closed an offering for 40 million, 20 000 000 shares priced at 1.82, so the price is a pretty nice...
Mountain High Acquisitions recently announced the company’s most recent milestones in its plan to provide turnkey infrastructure solutions to licensed cannabis growers and producers in highly promising cannabis markets such as California, Washington, Oregon and Arizona. On January 18, 2018 MYHI entered into an Advisory Agreement with Mr. Dirk Nansen of...
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...
WEED bouncing perfectly off of 38% fib levels at 21$ instead of 50% (24$) like I had predicted last week. No matter, the profit margin could have been bigger but Im quite certain well see a recovery to $29.92 before another selloff before legalization. Long then short around $30 region