Big level of interest for Canopy Growth NASDAQ:CGC trying to fill the July 25, 2016 gap from 2.15 to 2.20 —post-bull pennant.
Pot stocks have taken a beating since the 2021 highs (pun intended). They're clearly oversold BUT they're sitting without a catalyst from the Biden administration toward marijuana legalization efforts.
If you're into dumpster...
As stated in the previous analysis for bigger picture please check previous for smaller period see out it is going to be played. Higher chance of Cup and handle!
- This sector could not be anymore DEAD. Everyone is dead and never want to look at this sector ever again. When they come back you'll get those mega mega moves that you can sell into and move onto the next.
- I haven't heard one sound coming out of this space in months, which is EXACTLY what you want when looking for a possible turnaround.
- If green holds...
Tlry is coiling like crazy rn. a big move is expected, and im pretty confident it will be up. I grabbed a couple 4.5 6/3 calls and im targetting around 5 for my sell. This is kinda a yolo, but I think Biden is gonna say inflation is gone and everyone will be happy again. Maybe biden will legalize weed by friday. then ill be RICHHHH
In the following chart you can see the dependence between the dollar index, the crypto market cap, and the oldest weed stock ETF
Below them is the market cycles indicator which measures the overheating of the US economy.
We can see that when the DXY is in fundamentally downtrend condition, the economy is in good fundamental condition and the indicator is...
wow, hard to believe canopy is getting near my entry point in 2016-2017.
This stock has been a rollercoaster since rec legalization in Canada.
A Potential trading range is highlighted in green. Any price movement that is sustained below or above the green lines is noteworthy.
If WEED doesn't hold the green line of support a gap down to CAD $2.80 is highly...
I have a bullish bias on TLRY. With the pending approval of federal legalization, we could see a huge increase in valuation. Not only am I fundamentally bullish, but I am also technically bullish. It is sitting at the golden pocket Fibonacci retracement level and could see large order flow coming in soon. Overall, seems like a good investment. As usual, this isn't...
Here is a quick review of the $GTII price action.
Keep an eye for the trigger that can be pushed by a daily RSI bullish divergence between wave 4 & 5 and earnings (if they beat the estimate).
If validated the trigger can push the price to previous ATH with significant selling pressure in the "High resistance" zone.
In this scenario, the trigger would be a good...
We have Bullish Divergence on the RSI and 2 Instances of Bullish Divergence on the MACD at the PCZ of a Bullish Bat Pattern on the Daily; the Moving Averages are beginning to curl up and the 4 hour is testing sitting at the moving averages at the Neckline of a Double Bottom at the time of posting.
We have a Morning Star and the Bullish Candle happens to be a Weekly Bullish Marubozu and it is showing Bullish Divergence and the MACD and RSI nearing a Breakout of a Parallel Channel if we get continuation in the coming weeks given the MACRO in the sector we could see something big happen here.
Weed stocks are having a great week so far and I don't think the fomo has kicked in yet.
SNDL is breaking out on weekly into the new channel and can squeeze higher above a dollar. I think this will continue running into month/quarter end and potentially 5-7+ dollars into Q2.
This entire sector has been beaten down for years as money has shifted into tech and...
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Today team purchased shares of marijuana company Tilray Brands $TLRY at...
I've been watching this stock for awhile now and I think we've finally hit that point where a turnaround happened. Look, Cannabis is going to be a big industry, but it's a matter of how long. Now Hexo has 180 days to climb back over $1 and the question becomes, "can they do it?" From what I've seen in the charts, I feel we might see a pump pretty soon, sometime...
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Recap: The market has been in loading zone the past couple of weeks. My team...
