Despite being extremely overvalued, chart technicals are mostly good. MACD and RSI have cooled down over the past week and it's poised for further growth. I expect CGC will see another day of gains tomorrow, and end the week green. As Tilray consolidates, and CRON continues to oscillate wildly, this will enjoy steady, but slower, upwards acceleration throughout...
Technicals - CRON 9.78% broke out of a strong resistance today but failed to hold. Price is back within the parallel channel . In addition, RSI is diverging from price action. These are really simple, but strong bearish signals. Fundamentals - Following the success of Tilray 38.12% , CRON 9.78% soared two days in a row, breaking new highs. However, no...
ACB spent the better half of Friday defending $11.75 as a line in the sand, despite the hourly bearish MACD divergence. If that cannot hold I would not expect 11.65 to hold, resulting in an Inside Bar bear break. From there I would zoom out to the 4hr chart and look for a higher low compared to $10.18 and a tightening range from there. Investment rumours from...
The similarities I've highlighted here look better on WEED.TO than on CGC because Jan 15th saw the TSX trade but not the US exchanges. That said I'm looking at similarities in the first oversold bounces following the last two all time highs at 44.00 in January and 48.72 in June. Subsequent those bounces we saw a tightening range playing out across more than a...
The similarities I've highlighted here look better on WEED than on CGC because Jan 15th saw the TSX trade but not the US exchanges. That said I'm looking at similarities in the first oversold bounces following the last two all time highs at 35.88 in January and 36.55 in June. Subsequent those bounces we saw a tightening range playing out across more than a week...
Just starting to take a look at these marijuana stocks a bit more seriously.. my previous analysis on TSX:WEED (see below) seems to be panning out so I'm pursuing this market a bit further.. don't usually trade company stocks so this might be my way into that world.. still seeing the same kinds of natural patterns I'd encounter on Forex or Comex charts, so giving...
Oversold and a kdj cross up coming I’m long with 20
4.50s seem to be holding strong I also read that they make the oil for CGC
It's back inside the Bollinger bands, going to get back in at this level if it holds.
Tilray INC NASDAQ:TLRY , is The Super Star in the Cannabis industry currently. Yesterday, the stock had a thrilling ride, as it jumped to $300, going as low as $151.40 per share and finally closed at $214. Tilray's stock price has jumped, since its IPO, by over 600%. These type of returns are rare, very rare and will always gain attention. As Tilray, is...
CRON was all bulls today out of the gate setting a new all time high before pulling back hard. I'm watching the CRON range expecting a daily equilibrium from low of the oversold bounce to high of today. It's notable CRON is the only name that hasn't lost it's 4hr uptrend. I'll be remaining very patient as the next couple of days set a tightening range with new...
Watching the APH.TO range from low of the oversold bounce to high of today. Today we saw our lower high set and bulls are now looking for a new support level above 15.76. Today's low bounced right off the .5 retracement of the fib pull with swing low as the oversold bounce low, to the high of today. It will be interesting to see if that new support holds. I'll...
Watching the ACB.TO range from low of the gap up on Monday morning to high of today. Today saw significant bull breaks of key levels 11.77 and 11.98 leaving very few resistances left until the all time high. However, some healthy consolidation is required. Today's low bounced right off the .5 retracement of the fib pull with swing low as the oversold bounce...
Watching the CGC range from low of Friday to high of today. Today's low bounced right off the golden pocket of the fib pull with swing low as the oversold bounce low, to the high of today. It will be interesting to see if that holds. I'll be remaining very patient as the next couple of days set a tightening range with new levels to play off of. The break of that...
Watching the WEED.TO range from low of Friday to high of today. Today's low bounced right off the golden pocket of the fib pull with swing low as the oversold bounce low, to the high of today. It will be interesting to see if that holds. I'll be remaining very patient as the next couple of days set a tightening range with new levels to play off of. The break...
looking at 3rd consolidation move now. market likes to move in 3's. So were very likely to see a big volatility move soon. In addition to the cup and handle/ascending triangle that has been panning out for quite some time now, this is definitely looking very bullish. needs that confirmation volume to drive it home or else it will fizzle out.
Im coining that term for the first 3 waves (5 including retraces) that start the big momentum parabolic move without even having any ABC correction. This move is very popular in bubble markets and was observed a lot in the altcoin market in december 2017/january 2018. A few other stocks that have this pattern (completed) are OTC:GTBIF and TSX:WEED (if you...
CGC has completed 5 waves up on the weekly chart. Get ready for a big long ABC correction down to around $22-$25.