Looking to short weed back to the trendline then buying off the bounce
Lets keep it simple?! I have charted ACBFF already with great results with a more positive outlook. I've came across another possibility that is short term bearish, but still long term bullish. I've explained most of the indicators in my previous chart, but here I just want to show levels, potential break outs and pull backs. I have labeled a small bounce area...
Lets keep it simple! I've watched TGODF since release go from 2 to 6 in one month. 300% gains that soon may require a pull back. There is not enough data to look at the longer time frames, as the shorter ones provide more current movements. I've drawn a nice wedge pattern from the highs, and also found a larger BULL FLAG in the making. By the end of the month...
Going SHORT on WEED for now. It's up for another correction. Wait for it. New year should be a good time to buy some cheap weed. Good luck, folks!
Trying my best to keep things simple! Were at the bottom of a wedge, just floating in no mans land. We have the 618 right above, and the 786 below equal distance. On the 4 hour, you can see sell signals at the top of the wedge, creating the last selloff. No buy signals in sight besides the more irrelevant smaller time frames, with the Ichimoku cloud directing...
Lets keep it super simple! I've been watching Aurora for some time now, and let me start off by saying this chart im posting is NOT in my favor with current position, but I cant just say its going up because I want it to, so lets look at what the chart has to say! Ill add more of course. Im in at @ 5.81 - 6.41, but sold on close today on the descending wedge...
Marijuana industry is about to boom again, after legalization in Canada the pot industry will move at an almost exponential rate, especially when the U.S decides to legalize marijuana federally in the next 6 years, depending on who is in office.
Ive considered many times that the all time high of $44 may have been wave 3 , however there is also the possibility that we are now in wave C of a flat correction. I would like to quote from the Elliot Wave principle book " Since the first actionary wave, wave A, lacks sufficient downward force to unfold into a full five waves as it does in a zigzag, the B wave...
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...
There's some nice price action around the weed markets right now and Harvest One is no exception. The most obvious signal here is the RSI divergence forming right now. The price is settling way below ATH, and it needs some retracement upwards! Let's see if we will have a cannabis craze across the board. This is once again a low risk trade like the one I'm...
CRON is in a Bull Pennant formation and could go either way. News is big factor with weed stocks right now. Legalization has been delayed, prices are going sideways. If this breaks up, looking at $15 for resistance at ATH's. If Pennant breaks down then green box is the buy zone.
Canadian weed stocks have been on fire in 2017 and WEED is still "smokin" in2018. Since The Motley Fool mention a $50 price target, speculators have been pushing right towards it. Potential to hit it and fall in very good IMHO.
Canadian weed stocks are in a weird spot right now. Any wiff of news will send them either way. Legalization has been stalled (naturally) by the Government until they can figure out how to properly capitalize on it and shut out most if not all private vendors. Watching closely...
Legalization is near by as the vote for the bill to pass will be held on June 7th, 2018 and legalization to happen in sometime August 2018. HIP prices dip on the news of their recent dilution of shares. Its currently sitting at an oversold situation on the yearly chart and 6 months chart. Last time it reached an oversold situation the price of shares doubled in...
Legalization is near by as the vote for the bill to pass will be held on June 7th, 2018 and legalization to happen in sometime August 2018. HIP prices dip on the news of their recent dilution of shares to raise more money . Its currently sitting at an oversold situation on the yearly chart and 6 months chart. Last time it reached an oversold situation the price of...
Descending triangle pattern formed and broke out. As you can see the chart you can see that the volume add confirmation to the breakout as well the gap up from 18th to 22nd of May. A lot of people are looking for entry since the third and final vote on the bill to pass will be held on June 7th,2018. According to Peter Harder the senate never rejected a bill on the...
WEED, after the all out dump last week is starting to show some positive signs again. As good news builds up with this company and the sector as a whole (licenses, mergers, good financials etc.), and stocks show little movement, I think we're getting ready for another bull run likely into the June vote. The last three days WEED has shown inside bars, a bullish...
Just looking at the short time this stock has been public, and just looking at how crazy scattered the 4hr candles are (not much better on any other small time frames, too few candles on larger ones) I know that I am "throwing lines on a chart" here in almost the typically derogatory way. But this is mostly a framework for me. I have been in this since almost...