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.
This company is ready to launch. The next Miracle Grow. The big money in the cannabis space will be made by the suppliers, bankers, middle men, pharma, CBD, etc.. Not the growers. Think corn... Everyone makes money except the corn farmer. Monsanto, Ethanol producers,
A couple of counts possibly leading us to the same place...up. Have not dove into the bearish count yet.There is a bear count.... Short term down..then long.
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...
CRON looking pretty good here. Support at both the trendline and 12-day EMA around 19.60 ish. A little bit of resistance around 21.90, but RSI is above the 50-line. Positive Stoch cross. Keeping with this trend could have us seeing a new ATH soon. Volume will be the key thing to watch, as always. This setup is invalidated if we break trendline support. The next...
Going out on a limb here, let me know what you think. I'm expecting to see a gap up in pre-market and continuation into the open. Especially since the price was pinned down at the previous close to burn the premium. Once we get past the initial 15 min algos going at it, I think retail will buy heavy sending the price upward through the remaining resistance levels...
After nearly a month long Consolidation following a +80% move off the bottom set christmas eve @$2.85 we have now settled at a 63% gain off the bottom. holding the 9DMA and 50DMA we could now be set for an advance to the 200DMA up near $6. Key support is 4.40, while we have not closed a trading day above $4.75 since Jan 21 which was rejected. A strong close at...
My Take: We formed an almost perfect "cup" (needing the handle) on the hourly topping at 4.88 on the day with the previous hourly high at 4.89 (double top) before closing lower at 4.76. This ramp could have been part due to the low float and having the equilibrium break up ward as well as the support hold at 4.18, continuation could have also been caused by a...
Could #Tilray | $TLRY see a #DoubleTop or Better?!? Only TIME will tell...
CRON has formed an inverse head and shoulders pattern, I am watching for a breakout of the neckline.
Jan 9 SNN: My take: So volume tapered right back today, declining bear volume. We had a big move up with almost 1 million shares in volume in 8 days and we have not had a big rush to take profits, bulls just needed a breather Todays range was between $5.00 as the high and $4.75 as the low, with low coming at end of day thought there is a discrepancy in close...
Technical Analysis: - Support: 4.92; 5.47 - Resistance: 5.71; 5.96; 6.30 I would recommend a SL: 5.96 and a TP: 3.52 - MACD: Short - RSI: Short - Momentum: Short - OBV: Short Fundamental Analysis: Head Line: "CBD-Infused Beverages, Delayed Indefinitely" "It is unlawful under the FD&C Act to introduce food containing added CBD or THC into...
My Take: Ideally I think we would see a push up to 4.80 and possibly love 5's on Monday and then consolidate over 2-3 days in mid to low 4's ($4.20 and 50 dma at ~$4.10) before pushing back above 5. The $5 price range is going to take support and conviction, along with a bunch of new buyers as we had the bought deal at $5.27. With psychological resistance at 5,...
Aphria is likely to form a tightening equilibrium, the break of which will likely be determined by how SPY breaks