$APHA (CAD) has had a great run this month. It is currently at resistance and probability of a retracement is high. I am unloading half my position here and holding another half for a much longer term outlook. Price target is $14 then at the highs in the $20s. Short term support is around $8 and the 20 MA below that. The way I am going to play this selling a $10...
As much as I dislike everything about this company, if inverse H&S holds and we close above $6.40 and 6.40 become our new support - bullish. But honestly, it is a true definition of a $h!t company. Trading it only because I need a revenge.
no entry for me yet, but feeling bullish. watching marijuana price action into next week.
When OTC:PLNHF breaks out - $6 is next stop. Dont cry that you didn't get in soon enough.
So I have a Solid pick in $GRWG $APHA is a great buy right now at the price and with the potential $GWPH is a LONG hold. And strictly equity. I will be adding at key levels. I Dont disregard the favorites like $ACB $CGC and others but I think that these offer potential as well. GWPH perhaps I am biased on because ive been watching this company for a while, but...
Looking for that 4HR Sundial to align in with time. feeling like its the calm before the... Sundial's Website marijuanaindex.com Trade at your own Risk!
You already know it... Holding the mj sector longterm & reinvesting dividends & diversifying in new canna tech businesses will = financial freedom ♾ might need another 10 years but well worth the wait later on! JUST #LEGALIZEIT ~~~ BLAZE IT & reap in those extra tax revenues for schools, roads ect... its just plain stupid for tax payers to...
In range-bound market, bottom reversal happens far less often than when the market is in the clear uptrend. However, if Aurora's monthly POC holds up, it's not hard not to see at least some relief bounce from the stock that's so beaten down. That being said, there are better marijuanas stocks out there. Aurora is only good for swing trade. Invest in MJ ETF for...
LABS presents a very good entry near .84 gap fill. Canaccord analyst has revised the price target to $2.50 after EU deal announcement and the company continues to produce excellent news flow. Strong support in the low .80s. Gap above at 1.69. Positive MACD divergence. Sector is finally turning bullish. I like this setup.
Some positive news regarding decryminalization. This is one of the few profitable companies in the sector.
A H&S pattern is clearly noticeable on the RSI & KST. On the KST the right shoulder is lower than the left, but on the price the right shoulder is higher than the left, not sure if that's considered a bearish divergence but if there's further downside action it would seem accurate. On the KST each shoulder & the head display a bearish cross where I have placed...
Notice on the KST there's been a bullish cross, I have placed three blue finger icons to represent previous bullish crosses. The red finger icon on the KST is there to display some weakness in the previous bullish cross, notice how there was no higher high creation on a Macro perspective and the blue downward sloping resistance, if we get a bullish cross on the...
AH is forming an Ascending Triangle or potentially a Bullish Flag, the dark green line is the base of either a bullish flag or descending triangle, the dark red line is clearly the downward sloping resistance of the pattern. The dark blue upward sloping line of support has seen multiple bullish reactions upon being tested, I have placed three blue arrows to...
OrganiGram Holdings, Inc. engages in the production and sale of medical marijuana. Its products include strains, cannabis oils, and vaporizers. The annalists give a Consensus Price Target of $4.35. The company has a 247.024M MARKET CAP with 7M debt. Debt-to-Equity Ratio 0.25 Current Ratio 5.15 Quick Ratio 1.96 Looking at the volume, it`s just a matter of short...
Daily Squeeze on MJ is setting up very nicely! Looking forward to burnin more of those green candles!
APHA has broken the downward sloping resistance of the Falling Wedge pattern outlined in blue flush to the upside, and upon back testing the area of resistance it's now turned into support. Notice the higher high creation for the first time since 2018 ATH's? The Green pattern in this chart is an Ascending Triangle, and upon break out of this pattern APHA has...
Planet 13 Holdings is displaying a strong breakout of a Ascending Triangle. Notice the difference in higher high creation on the RSI of this Ascending Triangle compared to the previous one in 2018 & early 2020 that played out bearishly. I have colored the upward sloping support Blue on the previous ascending triangle, as opposed to Green on the current ascending...
Since LHS has broken down from a Descending Triangle in May/June 2019, the Dark Blue Line is the floor of the Descending Triangle FYI, we've seen bullish support near the bottom of the red downward sloping channel multiple times, I wouldn't be surprised to see a retest of the bottom channel again before breaking out of the pattern bullishly to the upside. This...