Still looking constructive here. looking for a bounce here and a move back over 6. would give a nice discount opportunity on Jan 2021 9C's $MJ $CRON.CA $HMMJ $HMMJ.CA
- $CRON report could affect this pending breakout - Levels above based on auto fibs - Looking for a breakout above $10.90ish for confirmation - Pattern negated with break below 9.75ish - MACD looking for a potential bullish cross
Daily Squeeze on MJ is setting up very nicely! Looking forward to burnin more of those green candles!
Been a while since I've done an update on MJ so here it is & man does this look ready to rip! 200SMA X 50SMA Squeeze watching for the golden cross-up! Accumulation is the name of the game, I cant see this heading anywhere but up from this point! This chart is TIGHT, imho we should see some decent moves in the mj industry in the near future. Price alerts above $15...
Canopy had a massive 40x run from 2015 to 2018, and has since been in a prolonged correction. Starting to look like a bottom is forming around the $10-15 range. I began averaging in and plan on building a core position over the next 6-12 month. Looking for a 10x move to $150 area on this upcoming cycle.
HEXO road the 50MA all day today Just crossed the 9MA and about to cross the 20MA...does this mean we are about to see a breakout?? What we can say is that the rest of the MJ Stock Index is also in the same START position! Is this a "CALL" to action??
Do you see what we see? Trends are trends... But Flags are Golden.... Now which way?? Revenues up 30% Gross margins at 40% (which is excellent) Operating Expenses DOWN Expanded Partnership with Molson Coors to explore US CBD in CO..... All we can say is that when Revenues go up 30% from Quarter to Quarter... ya that is a positive for this stock!
CRON has broken out of the descending triangle pattern (reversal) with a strong bullish candle (+21%) on 6/8/20. This is an interesting setup since the descending triangle chart pattern seemed to form at the end of the downtrend. Over the last several months pot stocks have gotten hammered. Some stocks even falling +90% during the bear market. The fundamentals are...
From Light of the 5th Moon..... Earnings around the corner from that! A license to SELL RETAIL from HEALTH CAN! Many many things are coming together 4HEXO it has been a long road, some of the greatest challenges are about to be overcome....
It seems a little strange that all of the mainstream MJ stocks have all started back up the ladder as of 13 May 2020....not sure why these are all lined up but I am liking the CALL action!!
Canopy Growth will announce earnings on Friday this week. The market has priced in a good earnings call....but has it priced in a GREAT one......? We shall see..........
We have been watching and trading MJ for a while and HEXO could be setup for a little CALL action.....
🌿 Alternative Harvest is on its way up after an extremely bearish last half of 2019 for pot stocks, but is it up in smoke or down in ashes for MJ? Right now we have MJ rallying off the bottom as darlings of cannabis like Aurora and Tilray push higher. This move in some pot stocks has pushed others up. Some of this is fundamental, with some better than expected...
This sector has to do well from here. More states and federal are going to need more tax revenues..
Evening Traders, Today’s Technical Analysis – CURA – holding a key support with the current volume clearly declining, a move will be imminent with a subsequent influx. Points to consider, - Macro trend bearish - Resistance confluence - Structural support being tested - RSI above 50 - Stochastics projected down - Declining volume CURA’s overall trend is...
The MJ Sector has been down-trending since March of 2019, still has yet to see a real bounce with a solid continuation. As of May 2020 it looks like we are ready to bounce but still, I am weary that they will do another fakeout breakout. Anyhow, I am expecting MJ's price to eventually break above these down-trending lines. They are still rejecting the price...
Last post on MJ Alternative Harvest we started we were opening longs @ $11.90 Currently sitting up 5% We took this position based off the large timeframes, the weekly and 2 week. Now you see a breakout with a settlement back on old Resistance to test as support. Key is to play this as support. If it shifted right and than turned to break support back below...
Stock is not filled, yet. I might go to .5R/1R. We will see how it goes.