I think next round cannabis earnings will FOMO the industry again.
Especially given ACB's last earnings FOMO. We haven't had one like it since (instant 3x Price increase).
ACB earnings in particular have potential to catalyze the whole industry inflection even if earnings aren't that impressive.
On the grand scheme of things, we're basically at the bottom but...
How would you like to go back in time to 2016 and put money down on OGI before it 5x'd in price?
Well now you can for the low price of $1.26... no time machine required ;).
I'm in 2.5% at $1.42.
Gonna continue building position, dialing in the bottom.
1. Double bottom - Completed
2. Mean reversion will raise the price a bit off floor
3. Price will...
Looking at major s&r levels on general cannabis Corp otc pennystock.
I will throw a couple of shares in the portfolio on a potential support play. Just a buy and hold small diversification and I'll forget about it. If respects levels we could probably get a pop up towards $1 - $1.25
My indicators are not providing a buy signal, just a potential support...
It appears as though Canopy may have pulled a fake out to the downside on an ascending triangle I have outlined in dark blue.
In my previous post I mentioned how the RSI has seen bullish support when approaching the green arrows pointing side ways to the right, where I had a question mark in my previous post is now a green arrow coinciding with the others....
First I would like to start by saying that we are looking for a major bottom in pot stocks. Corbus Pharmaceuticals is one stock in the weed sector, which is already showing signs of a lasting low in place near 3.30 and overall leading to the upside along with Aurora and Apharia. The first piece of evidence is the upside break of the descending price channel that...
Canopy had a massive 40x run from 2015 to 2018, and has since been in a prolonged correction. Starting to look like a bottom is forming around the $10-15 range. I began averaging in and plan on building a core position over the next 6-12 month. Looking for a 10x move to $150 area on this upcoming cycle.
Took Prof, will take more off in the box, not 100 sure whats coming down tbh atm, like to see a reaction in the box off the fib, prev 4, S/R, median line would be cherry on top, next stop would be the .50. need some clarity on the wave count
wassup hope you guys are doing well. let's get to it and let's stack these bands!
Equity markets overall have been going through a healthry re-trace it seems. Fundamentally the markets should crash, I think we can all agree there for the most part. But... it's very, bold (to say the least), to try to counter trade the FED. ;)
don't get cold feet, i would watch...
The stock rallied strongly today after the announcement of a major partnership between TGOD and Shoppers Drug Mart (large Canadian retail pharmacy chain). A shooting star candle appeared later during the day today with high volumes, which indicated a strong bearish signal.
A breakout over $0.64 is not likely in the very short term, unless large volumes pick up in...