Or, is more pain ahead for TGOD in what appears to be another descending triangle!
TGOD is down roughly 60% from its ATH's.
TGOD is down -52% in the past year.
TGOD +32% YTD
All Time Performance for TGOD -42.33%
Price target of 35c!
Time will tell per usual
Weed - RSI Overbought, hitting previous resistance at $65. I was wrong with my short at $58 level. Short interest went up 4x from jan 1-16th, shortdata.ca. Earnings is Feb 14th, so I am on sidelines and will wait post ER. If spy breaks over 270 next week, weed can go higher! FOMC is Jan 30th. Holding $TGOD shares from 2.99. Safe trading!
Weed - Hit .618 Fib level, pull back for higher low. Look for back test $54.62 on 4 hour chart as support. RSI overbought, good news about hemp facility in NY. I will wait for support level to buy more shares. Picked up some TGOD for long hold last week at $2.99. Good luck!
For those who want to make a nice gain with a short position, you found your target!
Hexo announced in the papers that there will be delays due to a lack of inventory.
In other words = they have a shortage of product = Bearish News!
Friday shows a red candle going through the 100 Moving Average (6.24C$) meaning support didn't hold, and the next...
As we can see on the chart, Organigram's Bears were in control.
Bulls did form some kind of Buy Area, located around 5.18C$, the 200 moving average indicator.
A comeback into the buy zone wouldn't shock me, just to shake out those last bear hands, and to head up higher? Or will the bulls fail to take control and the price will drop under...
ACB has been showing ups and downs the last couple of days. Earnings showed growth but a lot of investors were skeptical and that was seen in the price action.
First I'd like to start about the vol indicator on this Chart.
It shows a potential Curve, which would mean that we in exactly at the lowest point of the curve, low volume, not a lot of...
Let's have a look at TGOD.
Price dropped like a dead mouse before, but TGOD did create a nice bounce which I predicted in my previous TGOD TA.
Now the question is will it create another run, or will it drop to a lower low.
Looking at the chart and the indicators there is more reason for it to drop then to break out if i'm being really honest here....
ACB announce on Monday 10:30 am the report for the latest quarter. Canopy announced the Constellation deal at the same time when the market was open.
The hole market will see a Green Day tomorrow
I've been fan of Kalytera for quite some while due to their future potential.
Kalytera Therapeutics Inc is engaged in the development of a next generation of cannabinoid therapeutics. The company is developing CBD formulations and prodrugs to target specific disease sites within the body.
This Company develops cannabinoid (CBD) therapeutics for a...
Medipharm had some nice activity news wise this month and traders are buying again.
All I can see on the daily chart is that we are above the 50 RSI, which is bullish, on the hourly chart we are touching the 100 ma which will define if this is a reversal or not. If we succeed in holding above 1.60 then this could be a very good swing trade.
Another stock i'll keep my eyes on this week is ICC Labs, they announced Shareholder Approval of Arrangement With Aurora Cannabis.
Buy volume went up yesterday and there is plenty of ingredients here telling me it might go higher. There is some resistance but with a higher buy volume we should be able to break through it and see a new ATH!
Namaste CEO gave a live interview yesterday evening during which he shared his future plans and vision for the company and it all sounded very promising.
Looking at the chart of Namaste, I can see a bullish divergence which occurred when the stock reversed. The price action is now above the 100 ma (which is now support) and under the 200 ma (which...
We finally see some movement on KALY yesterday, this stock was forming a huge bullish divergence and I was just waiting for spike in volume to confirm this, and here it is. Im expecting Kaly to make a nice run due to good news and also due to the longterm potential this stock offers.
I'm in at 0.110 and another entry at 0.095 to average down. Let's...
As we can see GTEC had to retrace after it's run, and the time for a reversal as arrived. We can see a bullish divergence forming on the RSI and MACD Histogram. Let's see what the bulls will do this week. A push towards the yellow line (100 ema) would be very nice !)