Dear Traders, Today I'm having a look at APH, As we can see we had a retracement going on for a week, and it's price now hit the 200 EMA on the 4H chart. this happened before and it created a nice bounce. The question is, will this support level hold again? My guess? Yes. Look at that continuing BUllish divergence in the MACD, this shows us something will happen...
Dear Traders, ICNA had a new run and retraced a little bit before finding support at the 55 ema (which was expected). I traced a red support line and a green resistance line which will help us figure out when a breakout upwards or downwards will occur. Right now our price as bounced off the 55 ema, with a volume that is building up, this could mean we will see a...
TGOD broke the high of Thursday by a penny with no followthrough, remaining in its daily bearflag setup and giving the bulls cause for concern. Key support to hold is 5.92 and bulls must break 6.44 with follow through on big volume in order to negate the bear flag. Anything on the daily chart under 7.30 is just a lower high. To change the trend the bulls will...
Dear Traders, This stock got me exciting 2 days ago, and to see it run as it did is just great. I do think its time for a small retracement but overall feeling is bullish.
TGOD daily chart is weak, similar to Aphria with a convincing bear flag pattern printing. Bulls could only break high of yesterdya by 3 cents before immediately rejecting and pulling back. Daily RSI level is right up against a downtrend line; bulls are going to need some volume to break the high of today and to break through that RSI downtrend resistance in...
Dear Traders, We don't have enough data to predict what so ever, for now, the only thing we can do is draw the lines and see how this will evolve over time. There is a lot of hype around this stock so anything could happen. About Trulieve Cannabis Corp (TCNNF) : Trulieve Cannabis Corp. operates as a holding company. The Company, through its subsidiaries,...
Dear Traders, We can see that TLRY has broken out but without big volume (which I expect, to be honest). I think most Traders/Bots are waiting for the MACD to cross upwards signal before creating another run-up. Let's see how this plays out. If you enter, don't forget your stop loss. About TILRAY: Tilray, Inc. engages in the research, cultivation, production,...
Dear Traders, As we can see KALY is retracing, the idea is to find our next entry point. Have a look at the green circle, that 50 fib level might be our point of interest. About Kalytera Therapeutics Kalytera Therapeutics, Inc. ("Kalytera") is pioneering the development of a next generation of cannabinoid therapeutics. Through its proven leadership, drug...
Here is my TA for TGOD, did it reach a reversal point ? As you can see we are still in a bearisch channel but as soon as the bulls manage to breakout, we will have a bullish mood again with more volume. 17 october (Legalisation of marijuana in Canada) is getting closer, I can't wait to see what will happen. What are you're thougts ?
Dear Traders, ABBVIE looks to be on the edge for a breakout, the MACD shows a Bullish Hidden Divergence which backs-up my LONG position. Any thoughts ? About Abbvie: AbbVie, Inc. is a research-based biopharmaceutical company, which engages in the discovery, development, manufacture and sale of a line of proprietary pharmaceutical products. It is focused on...
Dear Traders, GWPH, also known as GGW Pharmaceuticals plc (GWPH), has been following its bullish Channel pretty well. Thos I don't really know if im Bullish or Berish for now. We have good volume, we are in a bullish channel, but we are under the 1H 55 ema (Blue line). If resistance at the 55 ema holds, we will see a bit more retracing, but if we succeed in...
Dear Traders, As we can clearly see, GTEC's price is in a bullish channel. With a Hidden DIvergence in the MACD, it could be possible we will soon see a run-up. This Hypothosys would be cancelled if we break downwards from the channel. Last News: Update on Status of Sales License and Other Operational Updates: GTEC Provides Update on Status of Sales...
Dear traders, Here is my TA for Canopy Rivers Inc, We find ourselves in a downtrend channel from which we need to brake out in order to change the mood. With the MACD Continuing Divergence, which is a Bullish sign, we now need to see higher lows and lower lows in order to breakout from this channel. What is you're opinion on this stock ?
Dear Traders, Looks like we enterred a second ''bearish'' tunnel, but if we succeed in breaking out of it like we did the first time we might see another run soon. But if we break downwards we will officially retracing towards the 0.5 fib level again, which held twice already so that looks like a good entry point for those who want to re-enter this trade, but...
TGOD is on top watch for me tomorrow. Down 32% since hitting all time high last week, and now hourly oversold with RSI of 23. Hourly RSI 18 is a historical bounce point so if the bears are aggressive tomorrow with a flush first thing we can look for an entry, otherwise there is still room to the downside so I will be very patient waiting for the move if it...
First day of legal sales in Canada is Oct 17 (AFAIK) so comparing to the first day of legal sales in Colordo (1 Jan 2014) is a good idea. Green line here shows the week of legal sales. Price ran up into it (similar to the action we're seeing in CANNMJ now ) and it didn't stop once sales started. This is for all the bears in the Canadian MJ space. Watch...