Can't go up forever without some sort of consolidation around these price levels. Looking for a healthy correction to around the 0.618 fib and then hopefully more movement upward. The fundamentals look strong and the price/share will start to look more and more undervalued as the winter months drag on.
Canopy Growth Corp. has been ascending on descending volume . That is a bearish sentiment. This bull run will come to an end shortly and a more bearish sentiment will take form. The chart follows the bearish sentiment that is seen across the market.
Could #Tilray | $TLRY see a #DoubleTop or Better?!? Only TIME will tell...
This is a retest of rising wedge broken support.
m Honestly ot sure i sold at 64 last run when i said load up in my post nad made bak then i had a huge position again at 39 when it comes down and sold at 46.... m thinking maybe 48 because of constellation brands price purchasing it at $48
Perhaps there is A Little Bit More Upside for #Tilray | $TLRY!
Canopy Growth Corp. has been ascending on descending volume. That is a bearish sentiment. This bull run will come to an end shortly and a more bearish sentiment will take form. The chart follows the bearish sentiment that is seen across the market.
I missed this entire move as I've been busy with other life obligations, but no FOMO! This size of this bounce tells me the temporary bottom is in and I'll be looking for an entry in the coming weeks after a healthy pullback so I can join the party and take part in some MJ profit fun!
$weed looking for pull back on daily chart , RSI OB, Fib level closed right around .382 level or $50.80. Looking for consolidation and higher low, volume is not bullish and $spy is hitting resistance at $259. Tech Earnings next will set market direction. *own canopy shares, $nbev calls and bought $pyx feb calls friday. Shortdata.ca for short interest information....
Okay so this is uncharted territory for me. The pot-head market seems very bearish but it has gone through its fair share of market cycles. Prices might just edge a bit higher in order for them to test the upper channel resistance, but i would advise traders to open a short position at the break of the short-term bullish trendline which i drew in the descending channel.
Okay this is uncharted territory for me. But it looks like the marijuana market is in a large sell-off. I expect prices to go up a little and retrace downwards. A short position may be opened when the price breaks the bullish trendline in the descending channel.
IG: @BULLRINGANALYSIS Tlry is a very interesting pick here. Early stages of company growth but, descending triangle pattern is meeting major resistance level. Bullish signal from this pick, but could be interesting to see what happens at this intersection point. RSI is also in interesting position for growth as well. not financial advice
IG: @BULLRINGANALYSIS seeing channel breakouts over the past few trading months RSI is is good position for forward growth in the short term we can see this price drop to it's second support level (upward trending), and then possibly bullish movement Increase in adoption as legalization increases in early 2019. Analyst EPS estimate increase in future not...
Canopy had a masSive sell of in the recent weeks and its time for a bounce. RSI is oversold and pointing up. Not a trading advice! Looking for a short-term bounce from these levels #cgc #canopygrowth #weed #weedstocks HAPPY TRADING!
Waves might not be perfect but HEXO ( HYYDF ) is due for a pullback. Watch price go up on Wednesday and it will do so in 5 wave pattern. Looking hit $5.00. VERY RISKY trade but could pay off. Not looking to see a major upswing so be cautious. Not a trading advice, only analysis. RSI is oversold on Daily and Hourly charts so time for it to go up. Happy Trading!...
Good day folks, Aurora Cannabis has been on a wild ride. There is support at $6.00 and it is likely to be tested again. If this support doesn’t hold, it could go back to breakout price or $4.00. I prefer not to mention the large support at $2.00 as it would be a complete catastrophe for the stock imo, however I would load big time at this price. Until the stock...
Beeing smart money has never been so obvious as with weed. I was traveling in canada and north america a couple of years ago and I noticed that a lot of "normal people" had stuff to roll a joint at home and the first non medical shops for weed were opening. It was so obvious that it was the right moment to put some money there. If we look at canopy is actually...
Good day folks, WEED was on fire until marijuana was legalized in Canada. It has since lost almost half of its value. More I look at the chart, more it reminds me of the S&P, but with just more volatility. I think the selling is not over and that WEED will eventually test the support at 32. Then go back up to make a right shoulder around 40 and fall further to...