We are approaching price levels around CAD 3.37 and expect the course to turn around that mark. From there, the corrective movement should be over and followed by an increase above CAD 3.86. Once above this mark, we have a strong signal for further runs towards CAD 4.60.
Don’t miss it!
The WeedMD stock withstood some support lines and is still within the trading area. We expect the stock to recover and push for massive gains in the near future. First, it is important to stabilize above the trading zone. After that, we expect the stock to rise continuously.
Good opportunity!
Yes, WeedMD has been relatively weak over the last months, but we are within that yellow target box and, accordingly, are waiting for the breakout on the long side. The price needs to reach regions around C$0.59 in the first place, before moving on to a corrective movement. After that, we are set to push for massive increases.
Stay trading!
If you thought the hype was over, then think again. We are currently approaching the trading zone between C$ 0.385 and C$ 0.230. Here, we will have amazing entry opportunities to tackle incredible heights! In detail, we expect the stock to skyrocket from here to prices above C$ 1.55.
Pass the green, but not this opportunity!
Hey, am still new at all this market analysis and stuff but looking at how the company has done it seems like it is headed for the top now after doing its correction. so maybe it is a good time to buy if u didnt earlier when it had an all time low, but overall this company has the potential to grow back its probably for the long hold. Also let me know if i made...
After a long time, the cannabis stocks are finally living up to their potential. They are currently jumping through the roof. For WeedMD, we see this trend continuing! The most important mark is at C$0.23 which should be left far behind from now on. Believe in the extreme growth potential of this stock in the future.
Stay trading!
Taking a look into WeedMD's weekly chart and wow does this look tight yo. Weekly 50SMA squeeze setup indicating more waves to come. This chart reminds me of SNDL chart for some reason. Anyhow similar setup flashing all around the mj sector.
info
WeedMD Inc. is the publicly-traded parent company of WeedMD Rx Inc., a federally-licensed producer of cannabis...
High growth company WeedMD, part of Cannabis industry in Canada. It is highly oversold.
-They have lots of dried and to-be processed product which is not part of financial reports.
-They have finished acquiring StarSeed which has exclusive partnership with LiUNA.
Everything ready for take off. Just needs some love. I don't think it can fall more, it makes no sense.
WeedMD should recover after almost 1year long downtrend, despite drop in sales they are shortly after harvest, I suspect lots of new buds are already in curing, soon ready for sales. On the top of that lfpress.com
This price range looks like great entry for long term position, however short term rapid recovery would be well deserved.
Burst through H&S and previous resistance, forming bull flag. WEED closed +1.5% today, with WMD closing -0.5%. Divergence between these two never last. Likely pullback to 200D SMA (last support), before breaking through bull flag.
