Hello friends,
I've only just discovered these parabolic pot stocks and am very interested in trading them when I see some technical setups. I wouldn't be surprised if this is crypto pt. 2 . Like with crypto, there is value here, but it's a complete bubble. Will be looking to short the hell out of these at some point - not today though.
I am expecting a...
Weed stock are on a roll right now. CANN and CBDS have always followed each other. Big volume spike, and with TLRY and all the big names in the marijuana sector on fire, speculative fervor will transition into the smaller names. For the most part, though, I like this as a sympathy play off today's CBDS move
Earnings report wasn't that bad really, just disappointing. The stock was already up 1000% at one point, and Bank Of Montreal owned 30% of the shares back in December 2017.
I initially flirted with the idea of buying on Monday, or near the 78% line near the March/April consolidation area for $8.00ish, but decided against it due to the extent of the sell off. ...
If the bulls can break through both resistance levels at 85.00 and 93.00, we should reach our target price of 100.00.
If the bears break below the 77.00 support level and that support level becomes resistance, we'll be heading down towards 65.00.
What are you guys thoughts on this?
Watching it on two hour chart seems like today's action was centered around where it close up at around. Trend is still up as it broke up out of an ascending triangle on the weekly chart. I still think pot stocks are in a bubble and they will continue to go higher in price. For options traders it has already breached it's expected move for the week, with the...
I missed the green gold rush but this weed stock selling water use rights to Colorado growers is sending all the right messages. Buying in full position.
While volume still looks strong we are starting to see some divergence on multiple indicators. I'd wait for this to cool off before going long. Tomorrow might be the day to go short. I wouldn't be surprised if it was up PM and started heading down after open.
The S&P 500 is starting to rip higher in an early parabolic move that could start looking like January's fear of missing out.
Parabolic Moves Highlight FOMO Warm-Up Time drduru.com $SPY #VIX $AMD $TLRY #AT40 #T2108 $STUDY
The way I see it is this is going to fall on earnings. Will think big boys will try to take it down to flush out the weak hands after hours. IMO i can also see pot stocks starting the move of bubble type bull run.
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...
lets keep it simple.
if you havnt check out my other crazy accurate charts, then go ahead!
I dont like charts without data, but this recent IPO release should be positive for the chart.
We can only really look at smaller time frames for this since its out for a few days, im playing bounce zones. No long terming here.
we have buy signals starting to stack on...
