SP:SPX I am currently trading in the Canadian weed sector (WEED.TO), which have been closely following the SPX. Planning trades successfully means paying close attention to SPX, because of how closely they are correlated. We have not seen such a substantial daily price drop since September 9th, 2016. Let's compare market conditions based on RSI, MACD, and price...
These ratios seem to work extremely well in speculative and highly volatile markets as the price action is heavily influenced by psychological and impulsive decision making. Its very possible that these ratios could play a huge factor given the current speculation of the market
WEED is overbought. Will correct to a healthy upward channel this month.
We are approaching the same point as last year, canopy made major gains in November 2016 and December and then receded into a correction followed by a bull trap in February 2017 and subsequent spring-summer downward selling pressure. The reversal we saw from the summer prices was due to canopy performing and executing on their plans. The days of heavy...
MYMMF canadian cannabis company made a small breakout yesterday evening shown by my previous graph yesterday. This morning full confirmation breakout, it gaped up on relatively higher volume through heavy resistance at 2.8$ resistance. Here would be good entry for a run up, this stock might test new all time highs in the coming weeks.
MYM Neutraceuticals making a bullish consolidation at 2.7 levels and is looking for the next big move. Notice increase volume at the bottom in an uptrend. Looking to break this resistance at 2.9. If it Gaps up and breaks pennant increased volume it could reach new all time highs.
The chart for OWCP looks ready to resume the upward trend. Look for continued higher lows.
This is a GO BIG AND HOLD stock. I don't see perfect stocks on the OTC markets very often. In fact, I suspect the only reason this stock isn't on the Nasdaq is because it is a weed stock. They don't sell marijuana though, but they probably have plans of entering this sector eventually. They just sell pipes and marijuana paraphernalia, located in California,...
Looks like a picture perfect victory for the house on WEED. Would like to see a bit of a consolidation so I can get a solid feel for which directional we will see next.
TSXV:MGW broke above a falling wedge this morning looking bullish, however it has encountered quite a bit of resistance in the $1.5-1.6 region and looks to be resuming its previous downtrend, possibly to retest resistance at $1.10
OTC:MYMMF has made a good run up just short of $4 following the large increase in the presence of the up and coming cannabis market. That being said it looks like the market sector in general is in a consolidation period and that does not exclude MYM which has broken down after completing symmetrical triangles and hitting upper resistance at $3.4
This stock is pretty much looked at as the otc ETF for the marijuana sector. Target based on the sector. The other targets I have mentioned are based on company financials and fundamentals Business Description Medical Marijuana Inc. (OTC Pink Sheets; MJNA) is the first publicly held company vested in the cannabis and industrial hemp space in America. Through its...
Hi everyone, Cannabiscoin has broken out of a triangle-structure and is getting ready for a move up. The market cap is relatively low ($23.470.940 USD) with a circulating supply of 77,231,176 CANN; meaning the market still has a lot of growth potential. Target will be around the 0.00008000 satoshi-levels. If the price holds there, it can even go higher. Adios.
Pot look bullish to me. Cup and handle pattern seems to be forming. RSI strong. Stoch allows for growth. MACD holding strong. Price above cloud. Just need volume break of the top of the handle.
Momentum play from the California legalization hype surrounding weed stocks in the United States. Still time to get in.
There's a lot of hype around the weed coins at the moment. Apparently there are a lot of countries going to legalize weed in the new year. I don't trade based on this info, but here's a chart with my thoughts.