One of the "themes" I have been watching for 2022 is the possible resurgence of pot stocks. Every year has its theme and "anything can happen."
Over the weekend I watched a short Vice documentary following the current state of legal (and illegal) weed in California. You can watch here:
www.youtube.com
We can chalk this up to...
Happy thanksgiving Traders!
It is rare that I trade traditional markets but, pot stacks are going to be bangers coming up soon and this one popped out already. I just wanted to give an opportunity to get out and back in for a nice profit.
Have a green week!
Savvy!
MSOS is an etf of marijuana stocks and there was a nice reversal hammer on weekly last week with volume.
Options - Over 5000 2022 March $35 and 40 calls sitting in OI, bought earlier this week.
Look for $37 target, area of reistance.
Fundamentals for weed stocks are not hot. TSX:WEED didn't see strong earnings and can't predict profitability anytime soon.
The cannabis market hasn't kept up expectations and we are seeing that reflected in the stocks. With all the bad news there may be some good.
It looks like TLRY is bottoming and if it has a clean breakout it could give an opportunity for...
Appears to be starting W2 here and W3 should hit around .038c then W5 around .045c after that I think the weekly will be looking to start W2 and then off to W3 which could take Dman over 10c
Daily RSI at historic Oversold bounce levels. Almost as beat up as the covid crash right now. In the past we have bounced 25%-80%+ when bouncing off this level of Oversold conditions. There is also a gap on the daily now above at these extreme conditions that needs to be filled
Also in a buy/support zone on the daily ...
What if $APPH an industrial hydroponics co shifted to growing Marijuana?
SAFEAct getting some mojo in DC. Anyone close to APPH know if they're going to shift? Wall Street thinks so and so do I. #PotStocks
Just bought Tilray🌿 stocks @ 12.22, currently at trendlines & previous significant high confluence. Price needs to break up the red falling wedge. Target 122 which means 10x.
The blue uptrendline on log scale (imo false break down) and also higher volume this year shown below:
Please like👍, comment🗣️, follow me✒️,...
*rising rates environment is a disaster for large cap stonks & Ponzi Pogs. BUYER BEWARE- FWD projections!!! Gems make money TODAY & years from now!!!
#cannabisreform
#jobsandjustice
#gnln
#thegem
Can't seem to edit the "monthly" on chart to "weekly"
THIS IS THE WEEKLY CHART
A software solution for cannabis shops. Think POS solutions w/new app. Great sector. Could be a leader in the space that everyone seems to not give a care about. For Now. The Crypto Ponzi Pogs stole the 420day show in 2021. Thanks dogefather. smh
Cannabis Reform #jobsandjustice
#MSOgang #thegem
