$OGI showing bullish trend change signals here at $.73 for long-term #Potstock exposure.
Technical analysis:
- Bullish RSI divergence showing on Monthly & Weekly chart which suggests and upside rally soon.
- Momentum oscillators and MACD are buried and curling up from lows on all time frames chart..
- possible double bottom test here at $.70-.75 best seen on...
Big level of interest for Canopy Growth NASDAQ:CGC trying to fill the July 25, 2016 gap from 2.15 to 2.20 —post-bull pennant.
Pot stocks have taken a beating since the 2021 highs (pun intended). They're clearly oversold BUT they're sitting without a catalyst from the Biden administration toward marijuana legalization efforts.
If you're into dumpster...
MJ etf is looking like it broke the weekly downtrend after weekly bullish divergence. However, the week is early and it doesn't mean it can't go lower and retest the trendline under 6 dollars again - it can.
Regardless, MJ stocks might be in a bottoming "area" and are worth a watch. Targets as of now 8.50 and 10.50 on the MJ etf.
Taking a long again here on TILRAY, looks like a leading diagonal pattern was wave 1, now we should see support from here to start wave 3. Retest of breakout with hourly bull divergences.
Looking for 7+ in the coming weeks.
AsvisorShares Pure US Cannabis ETF (MSOS) has been on a rampage and never shying away of selling off more than expecting, leaving pretty much the whole cannabis sector carrying the dead weight of a massive basket of synthetic weight, expelling a lot of investors and leaving the rest holding major bags from a short attach which started almost over 2 years ago...
All in the video, nothing to buy yet, but there are some signs of strength this week even with the market tanking. Tickers covered - MJ, CGC, TLRY, CRON, MSOS
TAKE A HIT OR LET IT SIT?
While hitting my weekly, and daily targets, like most cannabis tickers, TRSSF oversold on May 4th, 5th and 6th. This overselling now pushes this weight down more than expected. (Last chart analysis <4/18/22> : image below)
Very hard oversold after 3rd - 4th alternative correction. This will force 5th wave lower than last...
Most canadain MJ's are showing bull divergences on the weekly charts again. News coming? NYC finally opens pot shops? - damn are they slow to the pot market.....
CGC is testing it's ultra lows where it meandered for a few years. Doesn't mean it can't go lower, it certainly can. Between here and 2 dollars I think could be an excellent accumulation area.
Be...
SPARK IT UP OR LET IT SIT?
Glass House Brands for the most part, has sustained relatively higher stock price action compared to their competition buds. Is this a paranoia high?
What appears to be just warping up a hyper extension of a triple combo, this cannabis ticker is putting up a good fight with sellers, but shorts seem to have been made victorious as the...
Every time it hit this demand level in the past it shot the price way higher, I'm looking for the same here and think pot stocks are ready for some serious gains looking at the charts.
Tlry is coiling like crazy rn. a big move is expected, and im pretty confident it will be up. I grabbed a couple 4.5 6/3 calls and im targetting around 5 for my sell. This is kinda a yolo, but I think Biden is gonna say inflation is gone and everyone will be happy again. Maybe biden will legalize weed by friday. then ill be RICHHHH
TAKE A HIT OR LET IT SIT?
Clever Leaves Holding ($CLVR) chart is starting to look like a sherlock pipe ready to get packed and sparked, but first let's clear the dirty hits first before producing a new investors high...
What seems to be a great battle of psychological warfare at the very beginning of the chart's timeline, performing a descending running-flat,...
TAKE A HIT OR LET IT SIT?
$ARYWF
With most of the cannabis price action this past week, this cannabis ticker also sold a little more than expected.
This is also connected to TV not providing the chart data prior to the symbol change. So, along this chart analysis, I am running blind, but feel pretty good with this prediction with this timeframe now in align...
TAKE A HIT OR LET IT SIT?
Just about to pivot on the interval cycle via 3/4 wave, I would expect to see a small correction that might be usable for a long swing for $1 gain (or more), but will begin to sell and continue this downward trend through out the summer.
Shaving another $3, I can see this cannabis ETF possible catching ground around $14.5 - $14. Hard...
TAKE A HIT OR LET IT SIT?
On the weekly chart, $GTBIF has flexing big highs and 'Debbie Downer' lows, can the 420 spark enough buzz to get investors back high?
Correction ('ABC' / '12345' Interval Completes) - Now 4th-5th wave, expect divergence via MACD throughout until cycle completes.
With the POC around $9 (history), expect the Middle of May selling to...
TAKE A HIT OR LET IT SIT?
On the weekly chart, $TOKE has sold out of the alternative semi-correction which has lead the price action south to the 5th wave of the semi-cycle pivot. MACD divergence seems to be peaking through the weekly signals, applying towards the 4th-5th alternative correction timeframe and assume this divergence will continue displaying...
Take A Hit Or Let It Sit?
AYR Wellness seems to be following the overall cannabis index trend, but can this stock light up before the others?
On the weekly chart, Ayr Wellness looks to be almost wrapping up the 5th wave, which I believe will start around $8.11 and possible catch a ground about $7.42 following a cycle correction early/mid May. The MACD has been...
