TAKE A HIT OR LET IT SIT? Ascend Wellness Holdings Inc is currently on a downtrend (duh), which just came out of an extension, starting end of February ('ABCDE'). Ascend Wellness ($AAWH) is currently cashed for me and I don't think I will hit this joint for a while. At time of prediction, the current stock price movement was in a running-flat extension and...
Take a Hit or Let it Sit? The weekly chart shows Planet 13 currently entering their primary cycle of 4th - 5th (right after an interval 5th wave ended). A small amount of divergence is starting to peak through the MACD and I would expect it to showcase more divergences as the week(s) more forward, leaving this cycle to appear almost complete mid May. When...
TAKE A HIT OR LET IT SIT? Curaleaf ($CURLF) I would expect to see this the next few weeks to form some kind of flat running/triangle pattern or could be the perfect storm to just drop the price even more. We are currently entering a high traffic zone due to all the prior waves coming hot as they enter their respectful 3rd-4th waves to their final stretch of...
$TRSSF Chart Analysis On the weekly chart, $TRSSF is currently in a '3-4' leg, forming a triangle wedge, looking to follow through to close out the primary cycle. As prior prediction on March 10th, (sorry, couldn't find my past screenshots to attach, but can be posted in comments?) the stock price seems to want to behave in similar manner towards my chart. I...
$VRONF CHART ANALYSIS Verano Holdings Corp. has displayed some wacky-tobacky high and low price action, leavening investors in a cerebral haze, but can a 420 session help investors get high as a kite? -- Not likely. Also, I support all healthy cannabis avenues and put neutral in strategy as this is purely educational and follows past and current trend. This...
Recently my eye has been on pot stocks and the broad ETF AMEX:MJ for signs of life. Most seem to have forgotten about these stocks after years of disappointment. That's when I get interested. On a down day in the stock market at large Tilray NASDAQ:TLRY is UP on earnings. More importantly from a technical analysis standpoint the price had a beautiful hold...
Few have been watching or trading pot stocks since the 2020 rally based on USA Democrats taking government. That rally did not have legs and broadly the industry has fallen even further from the heyday of speculation in 2018. Naturally, when few are looking I get interested... The recent March rally on AMEX:MJ which is the ETF of the sector made a new high...
After a long downtrend, pot stocks break resistance and start to form a new uptrend.
Not looking for an immediate turn around because Macro-Market conditions and retail risk tolerance is severely negative right now. However, this sector has huge potential to be a bullish meme in years ahead. Think of getting into Pot Stocks 2.0 before the moon pumps In 2018–19, the United States Food and Drug Administration (FDA) granted breakthrough therapy...
tilray brands is another one of those stocks that has seen booms, and since declined to an extreme. we are far from changing the daily trend, but the hourly turn around looks like longs could take a whack at the lower 5s and upper 5s trading in the range that they are with a potential sell climax.
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 "unintended consequences" where...
I like SNDL at .50c but I'd love to buy sub .40c that be a great entry into 2022 MJ sector will be on fire next year IMO
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!
Break of 4 month downtrend in a big way. Bipartisan regulations in congress.
Double bottom on the daily. Cannabis regulation in congress.
Expecting a W2 test of $8.37 here B4 W3 can make any push to my higher targets.
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.