2018 is the year of legal weed in canada; listed on NYSE a few weeks ago as well so us americans can get some decent exposure too without having to fuss with the TSX or OTC nonsense. I see a breakout of the ichimoku cloud, a fractal breakout being called by williams trader beta, and also a trend breakout. Wouldn't surprise me if we dip and test the pennant again...
Trigger long is 1.70. Would be confirmed with above average volume.
nice consolidation here. 1.70 trigger long on the break of the three recent peaks (better seen on daily
These long consolidation patterns (seen in the box) tend to break out to the opposite side that the trend entered the box. So I expect this stock to move higher once it breaks out of the consolidation. When that happens may require patience.
Triangle break out and Fib levels, $33.60 is Fib level .382 , RSI not overbought on daily, so it could run another day here. 3rd senate reading June 7th. ACB bought Leaf for 3 billion. Look for higher low to form, then enter if you are not in yet.
Multi-month triangle forming here. Canada set to legalize some time this summer, this triangle and potential break out could correlate with that time line. Long on a break with volume
Triangle pattern might be ready for breakout after 2nd senate reading passed 44-29 votes. 2 more months until 3rd reading in June.
Long term bullish pennant, short term consolidation. 2nd senate vote (reading) for bill c-45 is expected in march, 3rd vote in june. Watch volume in $Mj , the US weed etf. No volume in sector ever since end of january. Watch weed as well, the lead company.
If hmmj closes below $18.15, I think it gap fills down to $16.94. If it closes above $19 , the upper trend line with volume. Then, it would be bullish. Legalization senate votes schedule - March and June. Follow the $MJ stock, there has been no volume since the markets sold off end of January. Need the US buyers to come back...
Bought @ $23.53 Stop @ 23.66 Target 26.18 (based off Fib Ex) RvR is over 4 to 1 Shares purchased: 40 Mitigation: No
HMMJ appears to be consolidating along side the whole CDN cannabis sector. I'm just paper trading to get a feel for this ETF during this consolidation.
$FUTL - #BTC - #BTCUSD - #MJ - #BLOCKCHAIN - DIVIDEND TO BE ANNOUNCED FOR MJ HARVEST A FEW WEEKS AWAY, CASH DIVIDEND! SLINGSHOT JUST TURNED GREEN, TWICE THE CONFIRMING THE BREAKOUT. LOTS OF NEWS TO LOOK FORWARD TO REGADING PROGRESS ON HARVEST, DIVIDEND, BLOCKCHAIN PAYMENT SYSTEM VIA AN ICO FOR PAYMENT ACROSS POT INDUSTRY, RE DEV, ETC. LOOKING FOR A MINIMUM TEST...
Looks like a healthy continuation pattern. Watch for the break of the downtrend resistance line for a breakout, or break of support which will likely indicate the pattern has failed.
While many fans of marijuana stocks are pointing towards an upward move, i am sure that this stock has reached it's peak for a long time now. The chart shows a lot of stagnation and resistance near 0.70 and the stock could dip lower anytime now. Many factors point towards a red flag: 1) This company is based overseas, and conducts research overseas, meaning...
leg AB formed. now waiting for BC target C = 1285