Hello traders, Looking at the daily chart for marijuana stock, WEED, we see that bulls are started to do profit taking. As a matter of fact, we see majority of marijuana stocks (CRON, N, ACB, APHA) just reached temporary top and looking to consolidate in next few days/weeks. What I want you to notice is that marijuana stock and bitcoin has inverse relation,...
Canopy Growth Corp. has been ascending on descending volume . That is a bearish sentiment. This bull run will come to an end shortly and a more bearish sentiment will take form. The chart follows the bearish sentiment that is seen across the market.
IG: @BULLRINGANALYSIS Tlry is a very interesting pick here. Early stages of company growth but, descending triangle pattern is meeting major resistance level. Bullish signal from this pick, but could be interesting to see what happens at this intersection point. RSI is also in interesting position for growth as well. not financial advice
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...
IG: BULLRINGANALYSIS upward trend on RSI Cross on diverging triangles MA crossover into bull territory Follows DJI fairly close. Short term decline in realm of possibilities, then small pump upward not financial advice
Like many stocks on the TSX, Canopy Growth Corporation has had a choppy November. The wild swings make for some very fun trading, but quite a bit of risk if you're not interested in holding bags. Here are four trades picked up by our AllTradeSignals Volume Pressure Gauge over the past couple of weeks: Trade #1 - 40% gain in 8 days Trade #2 - 2.5% gain...
As with many of the TSX equities, Aphria has been swinging like crazy in November. Volatility is where the money is made, so let's take a quick look at some opportunities that our favorite marijuana stock has presented. Here are three trades picked up by our AllTradeSignals Volume Pressure Gauge over the past couple of weeks: Trade #1 - 30% gain in 8 days ...
What is the News Catalyst that is Causing Canopy Growth Corp Stock (CGC) to Move up the Charts So Rapidly? The catalytic news that could’ve catapulted Canopy Growth (NYSE: CGC) stock has finally come and has catapulted the stock to a whopping 7.68% gain today November 6, 2018 1:34pm, ET. As a result of this catalytic news CGC looks like it is heading toward...
TLRY saw a massive dump after completion of wave 3. TLRY is completing A leg of the ABC correction. Watch for a breakout for long opportunity on the bounce.
Scaled back in, didnt dump like I thought it would, took profits though.
A very defined cup has been formed - awaiting handle Watch for the handle to be formed over the next few days A break thru 1.80 could signal strong bullish action Resistance of 1.80 is bottom of gap from July Potential to fill gap thru to 2.00-2.03 with resistance @ 1.90 Recent sector strength supports this action
lets keep it simple. if you havnt check out my other crazy accurate charts, then go ahead! I dont like charts without data, but this recent IPO release should be positive for the chart. We can only really look at smaller time frames for this since its out for a few days, im playing bounce zones. No long terming here. we have buy signals starting to stack on...
Keep it simple. Let me start out by saying I do not like this chart, or the data provided with it for the past 2 years. The bottom is not exactly seen yet confirmed. Assuming we found the bottom, we could have a short bounce play here. Ive labled the sell zone accordingly. I see buy signals, momentum swing bullish, and a end of wedge pattern forming. Theres...
We have seen some very bullish action in Cannabis stocks recently. With the Trump administration signaling less regulation and Canada legalizing it for recreational use, there seems to be nowhere to go but up. If WEED is able to crack strong resistance here and break above to new all time highs, I think this would be an excellent entry for a long term...
After pointing out the pattern on twitter, I was asked where I see it going. I wasn't able to find much online as far as common targets for the butterfly pattern, other than points A and C. I used a common technique often used with other harmonic patterns to map out other significant resistance zones(drew a fib extension from point X to A, back down to X, then...