It's taking off. Simlatus Corp makes industrial CBD extraction equipment. Just inked some distribution deals.
NO bullish divergences on RSI, getting pretty long and deep for a 4... we at the edge of a gap in the vpvr, coming to some geometry and some fibs and fib time, vegas waves coming up for support, then its 420 from there?
Both these stocks have massively bullish monthly charts, and are probably reaching the euphoria phase where investors pile into them like crazy, forming a blow off top, followed by a lengthy consolidation after the bubble peaks...Daily charts give excellent trading setups using 'Key Hidden Levels' and 'Time@Mode' Techniques, created by my mentor, @timwest. I'm...
Long of course on MJ, but if we don't keep the support, we're in for a crash and a nap.
Weed looking weak on daily, broke down pennant. Waiting for USA banking vote, moved down on CRON earnings past 2 days, CTST had bad earnings too. Will wait for 50% Fib retrace and see if markets roll over. Good luck!
The periodic rocket pop is due soon. This is not advice. Education only.
Consolidated triangles ready for breakout. New trend reversal in place. This company sells growing products such as lights for cannabis industry. This whole sector is ready to breakout. Information purposes only. Not advice or recommendation. This is my humble opinion. I have 20,000 shares at $0.00835.
Little early yet, but MJ index may be trying to trend up again. Still believe further consolidation may be needed, but this may be the best looking sector at moment w/ most other markets looking at consolidation. (For future growth and review purposes mainly here.)
CGC is looking strong in the longer term, but I'll be watching for a pulback to the trendline resistance hovering just above the 50-day EMA before making a move. We've dipped below both the 12 and 26. Stoch is picking up but RSI is neutral. Any move up would need to come with a significant increase in bullish volume to invalidate this set up. Breaking below...
The company has stated that they will be fully current within the next 10 business days. The company has been posting CBD and marijuana oriented tweets and with their brand new website stating; “LinkResPet, a subsidiary of Link Reservations Inc, Produces a line of CBD products specifically tailored for cats, dogs and horses.” The website can be viewed here:...
Weed is the future, or so they say. 2018 saw a ton of overweight equities, but they have proven to be some of the most resistant names in today's market. Therefore, it stands to reason that if names like CGC, TLRY, and CRON will continue their rise, this ETF will reflect that success. It needs to retract, but will offer a great buying opportunity in the next 1-2 weeks.
CANN, looks good here. Breaking out above the MA's higher hi, TSI above zero. Lets go, what's not to like.
Looking at CNBX looks like its moving out of consolidation. I expect a target around 0.60. TSI over zero is positive. It's overbought, but it can stay that way. AB=CD pattern in play.
Weed - RSI Overbought, hitting previous resistance at $65. I was wrong with my short at $58 level. Short interest went up 4x from jan 1-16th, shortdata.ca. Earnings is Feb 14th, so I am on sidelines and will wait post ER. If spy breaks over 270 next week, weed can go higher! FOMC is Jan 30th. Holding $TGOD shares from 2.99. Safe trading!