It' possible that if this pattern plays out to the downside Aphria sticks in a Triple Bottom some where equal to the previous two bottoms where I have the green volume icon, ideally the third bottom should be higher than the previous two.
Key Takeaways
A triple bottom is a visual pattern that shows the buyers (bulls) taking control of the price action from the...
I do not provide financial advise.
Despite serious declines in Canna Stocks in 2019 looks like $MMNFF successfully capitulated and retail investors are being shaked out by institutions. Here's why:
- On macro, long-term parabolic wedge has resolved itself by hammered spring and followed up by SFP bullish candle. Please note this was second largest green candle...
Possibly a Symmetrical Triangle as well & coincidently upon breakout would negate the descending triangle pattern which started roughly Nov 19th 2019.
Key Takeaways
Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes.
The breakout or breakdown targets for a symmetrical...
We've had the highest volume on the U.S side this year recently, along with the highest short on TNYBF on Dec 24th with 100% of the trades short, keep in mind it's not uncommon to see over 50% of TNYBF short, TNY on the CSE usually trades much higher volume, which is the Canadian ticker symbol.
Anyway, this recent move has put TNYBF over the MA50&200, and it also...
After the recent short report we've seen some very serious downward pressure, and rightfully so, IMO...
Any cannabis company related to fraud & corruption in this CantTrust environment is a Huge Red Flag..
There's nothing propitiatory about opening a bunch of dispensaries & growing grass, so the market cap here is out of touch with reality by a factor of roughly...
WeedMD should recover after almost 1year long downtrend, despite drop in sales they are shortly after harvest, I suspect lots of new buds are already in curing, soon ready for sales. On the top of that lfpress.com
This price range looks like great entry for long term position, however short term rapid recovery would be well deserved.
Hello Traders!
Today’s chart update will be on IIPR – Innovative Industrial Properties INC where bulls are attempting to put in a new higher low, a trend change may be coming to fruition.
Points to consider,
- Potential new higher low
- Structural resistance needs to break
- Support in green zone
- RSI respecting support
- Stochastics projected upwards...
Recent uplising news coupled with solid earnings and upgrades should take this back up to the high end of the range... $4.40 in sight... next target $5.00... look for friction @ 50MA 4.11 @ 100MA 4.45... Stop@ $3.60... sell 1/2 @4.80 then watch for direction...
All IMO...
$GRWG
Dont really trade stocks too often but there is alot of volatility to be had in some of these weed stocks. Some I am bias going short others going long. Definitely feel the former on this one.
God Speed,
Mr. Manbearpig
Hello traders,
Apologies, been under the weather the past few days, but now I’m back!
Today’s chart update will be on APHA – APHRIA Inc – Canadian MJ. Which has been in a brutal down trend, but there are signs of a possible reversal…
Points to consider,
- Trend Bearish
- Support at $3.90 Region (double bottom)
- Price testing resistance
- Stochastics...
It appears as though $TNY may have formed a triple bottom where I have the red fingers pointing right on the chart.
In my previous post linked to this chart I spoke about the descending triangle & potentially testing .335c, clearly visible on this chart we can see .33c is about exactly where a new double bottom was created, and thus potentially creating the third...
Since my post several days ago linked to this chart, you'll notice $WEED is holding the neckline area of the inverse H&S, forming two additional patterns known as a bull flag & descending triangle.
Seeing how the sector has thrown under the bus for the better part of 1 year, I'm expecting to see the Bull Flag play out.. Simply to go against the bearish narrative...
Tilray is one of the cannabis companies that saw its shares rise massively prior to legalization in Canada, but shares have gone down a lot since then.
Tilray (TLRY) is based in the Vancouver Island town of Nanaimo, Canada, where the company is responsible for
"cultivating and delivering the benefits of medical cannabis safely and reliably," according to its...
A LEADING LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against HEXO Corp. - HEXO
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
(1) HEXO's reported inventory was misstated as the Company was failing to write down or write off obsolete product that no longer...
It appears as though the Inverse H&S may be negated. Where I've placed another arrow pointing down may become another lower high, and it may act as the left shoulder of a H&S.
