Marijuana stocks have been on the decline for a while, but things may soon start turning around.
Last month, the House Judiciary Committee advanced HR 3617 or (MORE) Act of 2021, a bill that repeals the long-standing federal prohibition of marijuana by removing it from the Controlled Substances Act — thereby ending the existing state/federal conflict in cannabis...
What's going on with weed stocks?? There are justifiable claims that some of these companies could still be overvalued. However, despite declining price, On-Balance Volume remains relatively high compared to what we saw during the last major downward swing between March 2019 and March 2020. This could signal accumulation. Additionally, the UO (ultimate oscillator...
Just bought Tilray🌿 stocks @ 12.22, currently at trendlines & previous significant high confluence. Price needs to break up the red falling wedge. Target 122 which means 10x.
The blue uptrendline on log scale (imo false break down) and also higher volume this year shown below:
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ABC - Double bottom of the decade
Massive double bottom forming on what could be a 5 year long pattern at play .
This $7 region is also a high traffic area of market structure in which we have seen flip in to support and resistance over the years
Aurora Cannabis, Inc. is a cannabis company that produces, distributes, and sells its products. It also manufactures...
I honestly have room to hold this one forever but as a trade i'd put the stoploss below the .886
This looks like it could be the start of a bottom though as it was just very oversold and is now trying to break above the 50 line on the RSI so i would aim for big bullish targets here.
It looks like to me it is setting up a big macro ala BTC 2020 Netflix 2005 setup. Where weed is going to the moon. There is still time to learn about fundamental side of things. and there is still time to see this if this is going to be a classic macro continuation. This is an idea and lets hope we can transfer some crypto money into this when the bubble of...
WEED is looking for a "big" bounce here. 5 waves down to prior support. Looking for 3 waves up to target 36.35 which is the .5 fib retrace. Great RR here. WEED could go even higher and target the golden zone retrace around 42-44 dollars. But i am looking for an ultimate low around 7.88 to finish the correction and move to new ATHs.
I don't post about stocks or ETF's very often. I got into investing via crypto - and my intention wasn't necessarily to make money either. I had lost faith in the current model of our banking system, and became inspired by what I saw as an alternative. That alternative also ended up being a good financial decision. Ironically (I say this because most investors and...
Grow Generation at some really interesting levels here. Currently in wave minor C of intermediate 2 of primary 5.
Its in the golden zone between the 618 and 786 fb levels
Its about to back test the downtrend line
There's a large supply zone between 40.30 and 39.50 on the volume profile
Wave C is approaching the 50% extension of wave A
The setup is...
Tilray is currently at a key supporting ascending trend line (red dotted line) which can be seen best on the daily chart.
The only decent spot for a stop loss would be around the prior pivot which is around $13.20.
TCNNF | Shares (no options on this)
TCNNF Current Price $36 Price Target $50
This company is a US based weed producer and retailer. Trueville cannabis is one of the rarely profitable cannabis firms. They are set to benefit greater than any other stock on the market from more states legalizing marijuana because they are a pure play US pot company. Why buy Canadian...
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.