Oversold bounce play. Tested and held $1.32 for the 2nd day in a row. RSI in oversold area. Gap at $1.70.
Easy play at a deep accumulation zone watch that purple line to act as resistance
Took Prof, will take more off in the box, not 100 sure whats coming down tbh atm, like to see a reaction in the box off the fib, prev 4, S/R, median line would be cherry on top, next stop would be the .50. need some clarity on the wave count
took a long on HEXO TP is around $3.60 after hitting $2 resistance I will probably sell and renter.
Not saying to short it but some interesting confluence. Support/resistance, fibs, psych number. May be a bit dangerous these days to short though
Today’s Chart - TLRAY INC – Currently consolidating in a bull-flag formation above structural support. Points to consider: - Structural support retest (S/R Flip confirmation) - Bull-flag formation - Below average volume - RSI trading above 50 TLRAYs S/R flip has been confirmed with a retest of structural support, the immediate target now structural...
Thinking this will bust the 200 this week....The pot world is watching...Klien is on the Line..
The marijuanna and CBD industry has been gaining some heat over the last week or so. Liberty Health has yet to break out of the falling wedge which has taken over 3 years to play out. I believe this a great R:R given the strength behind the possible upside push after forming this pattern over the years. My minimum TP given no drastic news on LHSIF is around $0.90....
🌿 Alternative Harvest is on its way up after an extremely bearish last half of 2019 for pot stocks, but is it up in smoke or down in ashes for MJ? Right now we have MJ rallying off the bottom as darlings of cannabis like Aurora and Tilray push higher. This move in some pot stocks has pushed others up. Some of this is fundamental, with some better than expected...
ACB has been on a nice bullish uptrend since the 12 for 1 stock split, that was a great move on their behalf, however, it is interesting to see them buy a U.S asset & issue shares immediately after lol. An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in...
FR/EN Tous les majors des producteurs de cannabis thérapeutiques enregistrent de forts gains, pour autant, $ACB annonce de très bonnes nouvelles, et cela plait fortement aux investisseurs : - Croissance plus haute que prévue du revenu (+35% de hausse ce trimestre - 75 Millions $ Canadien en Q1) - Production du cannabis thérapeutique parmi l'un des moins cher du...
Like that it held 50 At close if breaks upper resistance got a long way to 200 MA. into earning with ACB huge Move hoping for same I'm back in ././$
VIDA is definitely trading within a range also represented by a node of high volume. While this can be considered "neutral", watch for MACRO conditions to pull this pot stock to new lows if things get real bad. You may find the RSI helpful in observing direction here as it's already hinting something.
bottoms in on this one for now, I think an exit pump is coming next few weeks, looks eerily similar to WLL right B4 250% pump
I'm firing long on ACB. I like the chart setup. I'm aware of the reverse split on may 11th. We will see how it plays out. Wish me luck! 😁
Last post on MJ Alternative Harvest we started we were opening longs @ $11.90 Currently sitting up 5% We took this position based off the large timeframes, the weekly and 2 week. Now you see a breakout with a settlement back on old Resistance to test as support. Key is to play this as support. If it shifted right and than turned to break support back below...
Canopy Growth Corp(CGC) closed at $17.53 gaining $1.94(+12.44%) on the trading session today. Price closed above the 38.2% Fibonacci retracement level which had been acting as resistance for the past month and is bullish move considering how long it was pegged below the 38.2% level. While this is a bullish move, we need to see price close above the 50% Fibonacci...