POTX

Swing Trading a Marijuana Penny Stock OGI Long OGI is a highly volatile penny stock in the marijuana subsector. It is too cheap to short It does have options. ( The strike $2 for 3/15 contract on Friday went 67% from the LOD to the high of day). On the 15-minute chart is shown my swing trading strategy for OGI. Each up arrow is one lot of shares while the red arrow is to sell a lot. The lot size can be number for example 1,20,50, 100. consistency helps the strategy. There are seven trades taken, three are completed while four are

by AwesomeAvani

TLRY is it still a buy? SHORT TLRY dropped from a Head & Shoulders in the winter into the lows in June and July with a lot of trading and accumulation as shown by the volume profile and its POC. Today TLRY took off for a big gainer of a day. But why and can it continue, The 5-minute chart shows plenty of volume support for today's move. The 4H chart shows a scorching rise into the third standard deviation line above the mean VWAP anchored into the earnings date two weeks ago which was a miss. Fundamentally, TLRY

by AwesomeAvani

SNDL LONG- A rising tide lifts all boats NASDAQ:SNDL Cannabis Stocks are mostly all on uptrend today. See my other ideas regarding POTX and TLRY. Being priced low, more retail traders can enter this symbol which is speculative but is helped by sector movement as well as the market at large ( at least until the Powell Jackson Hole speech on Friday ) Shout out to Wolf of Weed Street ( Jason ) !!!

by AwesomeAvani

POTS- Bullish Momentum on Biden Pardons LONG With a news catalyst, of the pardoning of all cannabis possession federal convictions, POTS put in some wide range green candles to celebrate the increasing sediment towards federal legalization. As the 15-minute chart shows, a downtrending line was broken by price and then retested. The setup is ripe for a swing long at this time. I see the constituents of this ETF like SNDL CGC ACB TLRY IIPR as candidates for trades as well. On the other hand, They could pop and drop and so b

by AwesomeAvani

POTX a cannabis ETF is a siwng LONG Setup ( ACB MJ TLRY)POTX as shown on the 30 minute chart is showing an ascending megaphone pattern, a reflection of increased volatility, The price is sitting on the lower megaphone support line and the RSI shows weakness. Green up arrows show each time the price has touched the support line it has reversed to the upside. The same for the RSI. I see this an an excellent swing long setup with a target of about $22 or 25% in a diversified EFT allowing for a bit of risk mitigation.

by AwesomeAvani

MJ POTX CGC TRLY ACB SNDL IIPR Composite Index Update LONG This is an update of a previous recent idea. The MJ composite has had a pullback and shows bullish RSI divergence. It is at support and has various resistances dynamic and stationary above. The time is now to analyse the preferred symbols / stocks within the composite. ( Alcohol thrived during the Great Depression, no reason not to assume that cannabis will not thrive in the upcoming Great Depression V2).

by AwesomeAvani

Pot Stocks Breaking out After a long downtrend, pot stocks break resistance and start to form a new uptrend.

by mudguts222jb

POTX - 1H CHART Hi, today we are going to talk about the Global X Cannabis ETF and its current landscape. Global X Cannabis ETF it's poised to have its volatility increased as the Canopy Growth Corp it's receiving growing attention of the market today as had reported disappointing results on this quarter, the company now along with Tilray that also reported disappointing earnings, sets the context of what Canopy described as short-term headwinds on the cannabis sector. The problem for these Canadian companies s