- KHRN rebounded off an interesting overlap level near $3 - bullish divergence with lower lows on prices but higher lows on Money Flow - MACD is about to turn positive. - Huge bullish engulfing pattern on the daily chart.
Guess what...CGC has converging trend lines...but is an EW triangle...Possibly....is it 1 2,1 2, is it a running or symmetrical triangle!?!? STAY TUNED...the suspense is killing me.
Place your bets expecting a big move 2/13 86 or 71?
ACB breakout is forming, Ascending triangle pattern So far the marijuana market has been dragged down by the SPY with analyst upgrades on ACB it's pulling in a lot of investors. If the SPY recovers from this point even for a brief period of time we may be heading back up to $13-14 levels.
Little late night charting, have a nice naked chart with a couple areas of focus. Very simple and easy on the eye for bears but maybe not so much for the bulls. After a very boring fight performance from the bears since December 24th, they might be sneaking up on the bulls here. Of course this trade deal is still on the horizon but feels like a lot of this could...
Run for your life... JK In all seriousness this stock is and has been overvalued for a very long time. Charts starting to reflect this. With the failure to break ATH weekly close its starting to form a double top formation. Especially with this weeks candle opening below last weeks red candle it is adding to my confidence on the short. Ultimately the target...
Check my CRON post for more details on positions and weed stocks in general, next leg up is here, load up and be safe in this shaky market potheads. :)
My other favorite, view my CRON play posted earlier for more info on the weed stocks. Very self explanatory, load up and have fun in this shaky market my potheads :)
Hey everyone, in my portfolio I have added a good bunch of stocks and I will be sharing my positions, very small positions via options all expiring on the 15th of March. Currently the market is a little shaky, right at the point of buyer exhaustion but also mixed with fomo of this trade deal coming out very well with China. So what am I even talking about? Well a...
Common pattern failure in bear market. Looking short
After a few weeks of watching canopy and trying to short it. I've become convinced its going to produce a similar breakout from the previous rally. Jan 9th > The first breakout started. Support began then the crowd started to rally and it produced substantial gains for longs leading into the next congestion phase. Jan 14 - Jan 24 > The Bull flag congestion...
Not Trading Advises. only for learning. Appreciate feedback and criticism I think Aurora is in a upward trend to its ATH price range based on the following: • HH & LL • RSI showing positive signals and positive momentum • Volume increased • Structure/Support at $9 Cad, not sure how strong the support is, and if the support is hold at $9, i interpret it as bulls...
ACB is looking good and is looking for a bounce
Re-test of $25 is coming. Lets see if it penetrates. Double top formed after CGC ER catalyst move. Great short entry at $24.80 if confirmation wanted and a more aggressive strategy at this level toward $25 if fade strategy is in play. I am shorting 200 shares at 27.32 holding till $25 to fade if it breaks through I'll add. Stop is at $27.60.
I think Canopy Growth will retest its support in the coming weeks. Much based around the accounting error and no short term catalyst to move the SP higher from a already high SP, price near ATH. I think Canopy Growth will find support around $48-55 Cad or as low as $40 Cad, depending on more factors then only Canopy. And with positive news around the Cannabis...
We know how fast weed stocks move when they hit proven support lines. One more trading day to prove 6.90-7.00 support will likely bring ACB >8.50 by 3/1. It's possible we'll see a little lag, but expected move should happen by 3/8. Peak-to-peak, ACB has averaged 10%-20% leaps. 10% leap from previous peak of 8.34 brings us >9.00 ACB trading at 6.93 while posting this.
There is no stopping the weed train, at least in the Canada's 9 billion weed market. CGC went from $20's in dec to $50 this month. And I can see a triangle formation on chart. Maybe a breakout in upper 50's next week?
Dont be gredy, this will roll over and continue downwards most likely