A great 2x inverse ETN for this recession is MJIN, which is opposite of MJXL. By early morning of June 8, SMG reported less expected FY22 earnings, sales & profits. This largely affects weed ETFs due to heavy use of their products for growing, as we can see the spike here shortly after the news broke. In this case, due to rising inflation across the economy, most...
Based on the graph only, not the company's performance. NOT A FINANCIAL ADVICE !
Tomorrow is the peak of the symmetrical triangle for MJNA. If my charting is correct, something drastic will happen tomorrow. The chart suggests a move upward. We shall soon find out.
Symmetrical triangle suggest another pop coming. Not sure how big it will be, but I'm gonna get into this one for a bit and test the waters.
Has Aleafia stuck in a bottom recently, it appears as though on the RSI there is a staircase creation of higher lows & higher highs, and now a Inverse Head & Shoulders is forming & may break-out bullishly to the upside in the near term. It also seems like a bull flag is breaking out to the upside right now.
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...
I told you about Sunniva and my lucky entry at around 3 canadian dollar. Like Sunniva I also see a long up move in weekend unlimited. First traded under the symbol YOLO (you only live once) they were absolutely lucky to win the symbol lottery when it was about who will trade under the ticker POT. There are only two big ticker symbols that really stand out for...
What a fascinating ticker to watch. Forget about what the analysts or ER reports say, people just seem crazy for this stock. Missed the dip buy this AM / no current position. Watching for return to red zone for buys if there is a double bottom.
Tilray is currently $71.74/share and falling in this weeks sell off and good chance to drop near full retracement to $65-66 range. Great time to buy half and have standing order 8% below this for full retracement, or just wait. $65.50 target with MACD cross-over on 12/26 and CCI about to cross positive.
Okay so this is uncharted territory for me. The pot-head market seems very bearish but it has gone through its fair share of market cycles. Prices might just edge a bit higher in order for them to test the upper channel resistance, but i would advise traders to open a short position at the break of the short-term bullish trendline which i drew in the descending channel.
Okay this is uncharted territory for me. But it looks like the marijuana market is in a large sell-off. I expect prices to go up a little and retrace downwards. A short position may be opened when the price breaks the bullish trendline in the descending channel.