Many Cannabis stocks have been getting beat down as of late with some down 35%+; At this point in time it would seem that many of these Cannabis stocks are in areas of value while showing seller exhaustion.
This leads me to believe that soon we will see an Uprising in many of the Cannabis plays we're all familiar with and possibly even see some of the...
I like this chart. Nice accumulation pattern with kind of an inverse H&S formation. Breakout, re-test and if be bounce here off 200MA - Moon is next. Weed pump Is just getting started imo.
DYODD
MJ stocks has been hit hard and it's killing the high of cannabis investors.
However it is due for a pullback on the upside.
We have a falling wedge and the price has dropped down to a major support.
Greenlane Holdings Inc (GNLC) is a distributor of vaporization products and consumption accessories in the U.S. The stock got a huge pop on news of a merger with KushCo Holdings.
However, Kaskela Law LLC announces that is investigating Greenlane Holdings to determine whether GNLC executive officers and directors violated the securities laws and/or breached...
The chart is simple to read with RSI and stochastic both turning up. You can trade up to the blue line, even a day trade. Hold for break higher or reenter after line is broken, since there could be a pullback first or line may hold. For a longer hold I want to see moving averages cross up.
Risk is low because stops can be a certain price and/or a percentage of...
Refer to the text within the chart to explore my opinions on future projections. OTC:MCOA
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal,...
We broke down from the descending triangle - bearish reversal initiated.
Need to retest $1.4 and then confirm as support again for me to be bullish.
We are now below the 50d MA on the 4H time frame - be cautious.
Line emerging on the monthly chart somewhere at $6. That looks like a good target for bull cycle. Just had decent earnings come out today compared to last year, some shorts are getting squeezed too. GO APES GO!
I'm not going to get into the fundamentals but they're actually amazing and you can and should do your own research on that but the technicals right now look absolutely insane.
It's consolidating in a symmetrical triangle and now it's showing a sign of a double bottom pattern within the triangle which means it's go time.
I am aggressively adding to my position...
