12-13-18 and 12-24-18 each formed a low @ 2.35, with increasing RSI on the 24th. Mr. Trump just signed the hemp bill into law. This is a buy!
CRON shows a nice gap-fill pattern as I highlighted. If the stock trades lower on the pre-market, it'll be much riskier, so be careful. If you feel like tipping: www.paypal.me
I am bullish on NBEV, price is in a parallel channel going up. The lower end of the channel corresponds to the 61.8% Fibonnaci level on a longer time-frame. If price also breaks out of the big triangle pattern, it'll be a very good opportunity for a longer long! Trade safe! If you feel like tipping :) www.paypal.me
Aphria is likely to form a tightening equilibrium, the break of which will likely be determined by how SPY breaks
ACB enjoyed a nice oversold bounce the past two days, now we're watching the high and low of Friday to break to signal consolidation or continuation.
Watching CGC first thing Monday to see if the high of Friday or the low of Friday breaks to signal sort term direction
It's now been three full trading day and Aphria still has yet to challenge head-on the allegations of a short seller who put together a compelling storyline. The only response so far has been to dismiss the claims, and this lack of response has seen the stock lose half its price in three days. In this video I discuss where I see the short term action heading,...
ACB had a clear bear break today, and there is a lot of space before next supports are encountered. Bears are in full control
Clear bear breaks today keep the bulls in full control of CGC and WEED in every timeframe. Currently in an area with a lack of support. A weak afternoon bounce leaves us in an hourly bear flag setup heading into tomorrow morning, bulls must hold the low of today tomorrow as a first step in negating that flag.
APHRIA is under a short attack, and down 40% in two days after credible allegations have come out about fraud, stealing investors money, and dilapidated international facilities. I have no way of knowing if these allegations are true or not, the truth is probably somewhere in the middle, but the video is very damning. The short seller took a flight overseas and...
ACB has a key test of support first thing tomorrow, and there's a lack of support near by should the chart see a bear break
Here's what I'm watching for CGC and WEED. Bears are in control as key support is likely to be tested first thing. There's a lack of support for 25% in the event of a bear break.
Prices are going to continue to degrade to the mid 20's on the MJ ETF.
In mind of its speculative valuation, the technical pattern appearing on $TLRY (4H) indicates turbulence ahead.
Nice setups on a few names heading into next week TGOD S: 3.16 R: 3.41 OGI S: 5.23 R: 5.65 HEXO: S: 5.65 R: 6.19 CRON: S: 7.70 R: 9.08
APHA remains the weakest long term chart in the sector but some weird price actin Friday caught my attention
I have no interest in ACB this week but here are the levels