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...
I might lose a few people on this, but I'm running an experiment to show that there is definitely something weirdly accurate specifically about the "timing of swings/big moves" when using Fib Circles if you use them correctly. Area's of interest I color-coded in TEAL or PINK. You can see this circle was simply drawn from a major low to a major high on a high...
Tilray has broken downwards and today may mark the start of capitulation. The definition of a financial bubble argues that capitulation will lead to the return to mean trend line for the underlying commodity. In this case, a price target of around $45 is the target for the end of the year. However, Tilray is extremely oversold so it's not out of the ordinary to...
Found support on the 200wSMA twice and the RSI is showing divergence after reaching all time lows.
Price action failed to break the downtrend after finding support on the 300dSMA. I'll be looking for a bounce on the longer term uptrend or a retest of the 300dSMA. Additionally, I'll be looking at the weekly RSI to reach and rebound of previous all time lows as seen below.
I don't know if the Park Ranger is going to like this, but it looks like OGI will be bearish headed into the New Year. Volume is still decreasing nicely with the down trend. RSI still appears to be heading down for the rest of the year. Much like TRST, OGI is in a descending wedge pattern. I'm looking to ladder in near 4.12 with a possible double bottom. I'll...
Slightly overbought on the Daily and near the top of the channel. CRON is getting ready for a large pullback. I will be looking to buy in the $12 range which would start forming a nice equalizing pattern, though it will largely depend on what the indicators look like at that time.
Watching CGC first thing Monday to see if the high of Friday or the low of Friday breaks to signal sort term direction
Clear bear breaks today keep the bulls in full control of CGC and WEED in every timeframe. Currently in an area with a lack of support. A weak afternoon bounce leaves us in an hourly bear flag setup heading into tomorrow morning, bulls must hold the low of today tomorrow as a first step in negating that flag.
Here's what I'm watching for CGC and WEED. Bears are in control as key support is likely to be tested first thing. There's a lack of support for 25% in the event of a bear break.
Dear Traders, LABS got Halted pending on news, and what a news release! I was waiting for Medipharm to release some news and we finally got some! ''Under the 18-month agreement, MediPharm will supply up to 900kg of cannabis extract for sale to Canopy Growth and its subsidiaries. Canopy Growth has committed to purchasing a minimum of 450kg with an option to...
Zynerba is looking great for short-term long
Dear Traders, Let's have a look at TGOD. Price dropped like a dead mouse before, but TGOD did create a nice bounce which I predicted in my previous TGOD TA. Now the question is will it create another run, or will it drop to a lower low. Looking at the chart and the indicators there is more reason for it to drop then to break out if i'm being really honest here....