Looking to add to my #MSOS position in the event it reaches the .5 Fib. If it breaks lower, would take the loss and average into a longer swing trade position on daily consolidation. The strength of the breakout pivot is impressive. Aggressive bulls will be delighted with broader market strength. AI driving the market, so eyes are there for indications of trend changes.
OGI is a highly volatile penny stock in the marijuana subsector. It is too cheap to short It does
have options. ( The strike $2 for 3/15 contract on Friday went 67% from the LOD to the high of
day). On the 15-minute chart is shown my swing trading strategy for OGI. Each up arrow is one
lot of shares while the red arrow is to sell a lot. The lot size can be...
CGC chart literally looked like a waterfall since it broke $1 support back in February. But, since Aug 29 after the US health department recommendation the stock along with all MJ tickers just shot up to the moon. But, here is my issue with the chart pattern: the move up from July 17 to July 30 is 3 waves. That makes me think this current price action is a...
ETFMG Alternative Harvest ETF
MJ tracks the Prime Alternative Harvest Index, designed to measure the performance of companies within the cannabis ecosystem.
The MJ Alternative Harvest ETF (MJ) has been rallying lately in relation to news on federal legalization and the SAFE Banking Act.
On August 30, 2023, the U.S. Department of Health and Human Services (HHS)...
TLRY jumped 10% in two trading days following the announcement of "gummie beer"" by
its subsidary Sweetwater Brewing. Traders who trade TLRY seem impressed and that is what
counts. Objectively, a gummie product containing alcohol seems to be a nonstarter given
regulatory hurtles and then marketing of familiarity. No doubt users could titrate the...
On the 4H chart ACB has dropped out of a head and shoulders pattern list winter with high
volume into a downtrend with lower volume now into support / demand as shown by the
Luxalgo indicator. The anchored VWAP is also trending downward with support at the minus 1
and minus 2 standard deviations. The volume profile shows the majority of the recent share...
The 2H chart on TLRY shows a volume profile showing the highest concentration of shares
traded at $2.65 or about 15% above the current price. Short sellers dominated there. Price has
descended down onto the support/demand zone. It is near to tow standard deviations below
the mean VWAP and so very undervalued.
Federal legislation intended to remedy the...
BCAN is a microcap in the AI serving the cannabis industry. It's software is patent protected.
It is currently trading at less than 25% of its all time high and has a history of volatile spikes.
This is a low float stock with insiders holding significant positions.
On the one hour chart, in the past couple of days, price has descended from the POC line of
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...
HEXO daily bear flag target of $0.40USD has been met using the log scale. I just filled my buy order that I had set at 0.40. We are also daily oversold and SPY hourly RSI is in the low teens. Expecting a big bounce in the broader market after Elon buying Twitter confirmed. Big move incoming for HEXO and MJ in my opinion!
Weed stocks are having a great week so far and I don't think the fomo has kicked in yet.
SNDL is breaking out on weekly into the new channel and can squeeze higher above a dollar. I think this will continue running into month/quarter end and potentially 5-7+ dollars into Q2.
This entire sector has been beaten down for years as money has shifted into tech and...
This stock is rekt hard. But it's one of the only mj companies that actually make a profit. And also the business is like selling shovels in a goldrush. If i didn't had a position already would totally buy this here.
Hi All, my main 3 take-outs from this analysis are the following:
1- Historical movements might be repeating themselves. Look at the three blue elyptical shapes and movements..
2- 0.6$ might be the next support from where the price might be rebouncing
3- AFter the rebounce the price might have a spike as done three times previously in the past
Not a financial...