Possible ideas for SNDL. New administration coming into power. If Harris stays true to her word(unlike she usually does) she will make marijuana legal as one of the first things she does in office. should see jump in MJ stocks short term. possible long term but black market will always be#1 unless you can buy weed like beer in your corner stores
I am still looking at the MJ sector as a whole needing to see more upside soon. Right now I think we could still be just establishing a 3rd wave, and I could see it continuing up from here. However if we continue to break down and need to make another 12 or another count becomes clear we have a nice support zone sitting on the breakout.
NuG$ acts as a holding company developing a portfolio of profitable subsidiaries operating in the legalized cannabis industry. They only operate in those states where cannabis is legalized and regulated under applicable state laws, and/or has been de-criminalized for medical use and/or legalized for recreational use. Currently, their subsidiary holdings are...
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Sundial Growers , Inc. engages in the production and distribution of flower, pre-rolls and vapes. It operates through the following segments: Cannabis, Ornamental Flowers, and Corporate. Aug 13 (Reuters): NET CANNABIS REVENUE FOR Q2 OF 2020 WAS $20.2 MILLION, AN INCREASE OF 44% OVER Q1 OF 2020 6/29/2020 BMO Capital Markets Upgrade Underperform ➝ Market Perform...
$CGC is the gold standard, top performer of all time, Target 1, $30 Target 2, $40 Target 3, $70 $TLRY was the hardest pumpin IPO made over 1000% Target 1, $8.9 Target 2, $13.79 Target 3, $28 $MJ is more of an Index/ETF Target 1, $15 Target 2, $22
Did a trend based fib extension off recent Low to high back down to low. Analysis points to the following for me: 1) TP for fib ex is 1.618 = $9.15 2) Gap fill exceeds $9.50 3) strong resistance marked off in green at $8.34
$200 -> $2 -> $20 $TLRY DAILY CHART X MARKS THE SPOT. Is it a treasure map or fools gold?
Obviously, the 200DMA is still key. Until we breach the 200 day, we're stuck in purgatory. However, immanently, if we can get back to previous short term support, it would be constructive.
Here's a short term chart for Horizons Medical MJ. It's been trying to base over the last week, with some continued follow-through, albeit timid. I expect we're winding up to the #More vote scheduled for the week of September 21st. For me, it's a coin toss. The overall trend is clearly bearish, but it's certainly putting up a fight to reverse that.
Aurora Cannabis (ACB) closed at $6.98 on Sept 11, meeting 2 previous support Lows. Fibonacci ratios and Elliot Waves on this chart fit quite nicely. Key points for a BULLish trend over the next 6 months: Key Support met again. History tells us a breakout may be on the horizon. Declining volume on the downward trade indicates a possibility for a breakout...
- Earnings tomorrow - Rising RSI - SItting on volume shelf - Break of $8.35 has a lot of room to the upside
- Weekly falling wedge - Price held relatively well after CRON report - Printed a doji candle at the bottom of weekly falling wedge - Still sitting on massive volume shelf
- $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
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...