TILRAY looks poised to complete the final stage of a head and shoulders pattern as it builds a base in it's largest demand zone. Fully expect support to hold, and the stock to reach for ATH's once more, potentially pausing inside the next supply zone.
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CANN, looks good here. Breaking out above the MA's higher hi, TSI above zero. Lets go, what's not to like.
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Weed - RSI Overbought, hitting previous resistance at $65. I was wrong with my short at $58 level. Short interest went up 4x from jan 1-16th, shortdata.ca. Earnings is Feb 14th, so I am on sidelines and will wait post ER. If spy breaks over 270 next week, weed can go higher! FOMC is Jan 30th. Holding $TGOD shares from 2.99. Safe trading!
WEED.TO has been running on positive sentiments and news of hemp production in New York. They are currently holding strong in a consolidation pattern. A bull flag will be completed if it runs passed 60 with any amount of decent volume. Buyers are not letting up and they're not letting go of any shares. If 60 doesn't break it will retrace and retest 54-55...
Weed - Hit .618 Fib level, pull back for higher low. Look for back test $54.62 on 4 hour chart as support. RSI overbought, good news about hemp facility in NY. I will wait for support level to buy more shares. Picked up some TGOD for long hold last week at $2.99. Good luck!
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.