Like how CGC is Reacting to Markets Crazy violent moves it is doing fine consolidating holding support of 20 ema while it hasn't found the volume to breakthrough the shorter resistance and hold there is strong support and no one bailing no mater what traders are doing i feel it should do well into earnings. as far as earnings they will not be looking so much at...
Will be opening long positions on the cannabis ETF alternative Harvest. (MJ) Weekly is compressing for momentum shift to the buyers. This is a 3day, right on the money crossover. Good risk to reward. I like it.
Sold all my sly and longed the f**k outa TLRY at $6.92 like a boss
Symbol: MJ The cannabis sector. The holy grail of money to be flooded to. These cannabis prices are insane. I've been wanting to buy into this ETF but clearly this has not been a good sign in a while. When market corrects I think the cannabis sector will take off running. Will keep watching to see if it wants to correct lower. Obviously I'm on the weekly so I'm...
could TLRY become a penny stock? This company stock has lost the last line of support around $22. and now is descending into the depth of hell with no sign of reversing.. But whenever it looks ready to turn Ima buy the fuck out this stock
Decreasing volume as price declines, and macd and rsi divergence. BUY?
I'm sorry, but it's starting to look that way. We'll probably bounce when we get under the recent lows, but I wouldn't stay long in this. Target could be 5 dollars (or lower!) - backtest of trendline is the target (for me). Remember, Amazon lost 90 percent of it's value ($110 to $5.50) when the market popped in 1999. This is all too common in stock bubbles. Once...
#DIXI.U - Dixie Brands closed Friday below a descending triangle support line(lower orange line), which up until Friday had been propping price up as traders had previously been holding above $0.135 which is where the lower triangle line is drawn. A descending triangle is a bearish chart pattern that is created by drawing one trend line that connects a series of...
#CGC -#CGC Canopy Growth Corp has created a bearish reversal pattern on the monthly chart that is similar to an Evening Star Reversal pattern. The current reversal pattern doesn’t fulfill the requirements to be a true Evening Star Reversal due to it not occurring at the top of an uptrend in price, but it could be a signal of downtrend continuation, especially...
Gapped down today below strong support at 21.50. Possibly it retests that area and then comes down a lot further, especially if the general markets follow a similar trajectory. 15.50 area would fill the gap from November 19. Good luck!
CGC created a gap in price last week when it made the jump back above $20 and has so far failed to move back above a previous support line(orange) which is now acting as resistance. Gaps tend to be filled in charts so the longer price fails to move back above the orange line, the greater the likelihood that the gap will be filled which means price will likely...
Came right to the resistance line this morning. If we can get a solid close over 24.50 on the daily chart, I think minimum is the gap target of $29.50-30. SPY has to cooperate though. If the market starts to fall, the lower trendline may be in play. It's hard to say which will happen right now Be careful and good luck