After strong correction of Hempcoin, due to the postpone of hardfork date, it stayed on uptrend though. I see more heights closer to the date of hardfork, because of that I'm buying at 2200-2400 price and hodling until hardfork, but be informed that BTC price is rising, so it may force alts to go down. Stochastic oscillator is bullish and price may correct a bit...
If hmmj closes below $18.15, I think it gap fills down to $16.94. If it closes above $19 , the upper trend line with volume. Then, it would be bullish. Legalization senate votes schedule - March and June. Follow the $MJ stock, there has been no volume since the markets sold off end of January. Need the US buyers to come back...
ACB flat-lined a bit as described in the post linked below. making a small consolidation and is now starting a retreat to a hopefully oversold price (maybe sub $7.00 hopefully). I want to draw attention to the big head and shoulders pattern that has formed. If the price were to break under $5 Id be very worried for the long term outlook for this stock. That...
LEAF has been rebounding since it hit a low after all time high at 24% fib. Now its in the butterzone for another retrace, especially for how fast its gone up, will make for a good buying opportunity. Short for now, pick up between 16 and 17$
WEED has been in a downfall since the bubble burst on pretty much every weed stock there is. Now it how made a consolidation pattern and is shortening its price range. In the coming days we will see where it breaks and what this will be able to tell us about possible future outcomes. A lot of people think that bubbles are a bad thing. But they show that the...
Expect a bullish open, from bullish market continuation on the S&P500. However, fully expecting RSI to become overbought after the bull open. S&P will cool-off, and WEED.TO will begin its sell-off. Step 1) Ride long on the bullish continuation upon open. Look to short from of the top 3 levels as labelled on the chart. Enter when MACD shows bullish momentum slow,...
Im biased, I smoke the good kush every day, so it is only logical for me to be long good kush and those who can provide it. a new etf was converted from latin american RE to 'alternative agroscience' (LARE became MJX) and it is already looking like it could be going parabolic to me. Most of their holdings ( portfolios.morningstar.com ) are in canada so it isnt...
Canopy is in descending channel, gap fills to lower trend line. $24.80 , Earnings is Feb 14th, might get a bounce. Bad news from govt about possible legalization delays and feb is not good month for sector, like 2017.
Company is in the middle of building a grow op with 12000 kg potential. Bought MMJ Phytotek, an Israeli pharmacuetical venture creating a CBD based seizure medication. We all remember what happened to OWCP. Lots of news catalysts in the future. They just an closed an offering for 40 million, 20 000 000 shares priced at 1.82, so the price is a pretty nice...
TSX:WEED I believe we will open with a sell-off because: 1) Key support broken on the S&P500. 2) Increased bear momentum upon close. 3) Incredibly bearish maruboza candlestick on the daily. Looking back at our daily chart, we can draw a fib retracement from our most recent main leg down, to our low on the 5th. We see that yesterday we bounced off the .68...
So were completing the correction waves here. Still making nice fib bounces with today's confirmation candle. It looks like were headed for the final bottom here shortly, within the next week id say. If this happens it will shake all the weak hands that bought around 12-14$ and well get a nice bounce at 24% or 32% fib are my two buying targets (7.4$ and 5.6% cad)....
As I mention in a lot of my posts, Fibonacci ratios are great for speculative and volatile markets. ACB doing the same things as WEED (more or less). From the top a retrace to 38% from the top (scary accurate) at $7.2 and looking to retrace the correction (second fib chart on the right) in correction waves anywhere around 38% (10.2) (reached already) and 62%...
Wow volatility is CRAZY!! making fib bounces within days. Not wasting any time hitting targets! Target for WEED reached at 30$ retracing to 62% fib. Now hopefully a short back down for the final correction wave from the ABC pattern First target pickup is at 21 again, second is at 16$. Good luck and remember to take partial profits in case in keeps running...
WEED bouncing perfectly off of 38% fib levels at 21$ instead of 50% (24$) like I had predicted last week. No matter, the profit margin could have been bigger but Im quite certain well see a recovery to $29.92 before another selloff before legalization. Long then short around $30 region
Maybe longer. SELL LONG TERM HOLDS, GET INTO CASH. I REPEAT, GET INTO CASH. 4 distribution days in 2 weeks, mixed with a massive interday drop. Market will get choppy, there will be a dead cat bounce, then the trend is down for awhile. Runs over for a bit. Start looking to short, not right away, just start preparing. SELL ALL HOLDINGS! GET INTO CASH
WEED - canopy growth completing C correction on daily