Hedge Funds and other companies are investing heavily in the Cannabis sector, and this company is relatively cheap. Which means that those companies investing in the sector are incrementally accumulating their positions. This also means that those companies will purchase stocks where they believe it to be cheap and that entry area is a good area (based on...
3 months ago, the stock increased tremendously. On the other hand, we cannot worry because the price for the stock when down. Remember, the legalization in Canada is on June and the company already created some partnerships with other companies in order to have more fields. Then, the profits will increase massively!
Therefore, in order to make profit with this...
No matter how fundamentally strong VFF Is and how solid their execution is , the overall volatility and psychology of the cannabis markets will effect share price.
Personally I believe VFF to be very well positioned, in a strong position financially and their operational plans are on track for 2018 and 2019.
Short term VFF is in for a tough battle up, overall...
The stock seems to get out of its consolidation, I believe that the stock will follow its bottom trend line.
I will buy some April 20 Calls, and smoke some of their weed while watching it reach 26$. Great products by the way lol.
Have a nice trade!
Over the past few days, we can see that LEAF has been trailing it's rivals slightly, although it is strange that we didn't see more of a consistent breakout, considering we just saw a head and shoulders pattern, followed by a bull flag. It seems as though we might see a retest of the 32.8% fib retrace line to confirm a bullish trend.
Thank you for viewing my charts!
Sometimes breaking your neck isn't always a bad thing. After a fairly large consolidation after that inverse head and shoulders pattern, we can see from the 4h chart today, ACB is logically following suit with WEED , just cracking the neckline (indicated by the purple line) and waiting for that second confirmation above. The shadows of both candles just...
After a brief pullback at the neckline, this Monday is showing up with some serious numbers! The support lines, as well as the downward trend line has moved up as we rocket through resistance, landing right in line with the arrow that I had indicated on the chart before last. When you approach a neck line like the one that we have just crossed, you should always...
Unfortunately, we didn't even close above the 0.5 re-trace, bouncing off the resistance pretty hard. Generally, closing with no shadow on a that big of a green candle would indicate an increase. There was definitely buyer volume coming in, although not quite as much as 02-05-2018, but we can see that the market opened with a giant shadow at the bottom of the...
After completing a ABC correction from its All time High on the daily chart ...and having small rally from there...it looks like the whole market is heading towards at least another correction...
one the ABCDE, once price approaches or even breaches E I would go short on any pop...
TIme frame is hard to tell, but March is looking tough for the stock market as...
-Huge news for Tweed getting go ahead on 1.3 M sq ft greenhouses in BC
-Rec. stores in Manitoba
-Speculation of NASDAQ listing
-Increasing bullish volume on the daily chart
-Bullish MACD cross
-Could be a "laggard" to MJN??
-Currently holding WEED overnight and hoping for a significant gap up, causing RSI levels to get to extreme highs on the hourly and shorter...
Wow 9.54%! We absolutely blew past any form of futile resistance that I thought may have held us up a bit, into the 0.5 Fibonacci re-trace zone, waiting for an almost guaranteed close tomorrow to confirm above 29.50. I'm moving the support lines up faster than I can buy. The bulls are in full force with no sign of a flag, and even though I've drawn some measly...
We are holding a steady pace upward, exiting the downtrend finally, with a head and shoulders pattern finishing above the 0.236 retrace and past the downtrend channel. Closing in the red, just below the resistance line, it will be interesting to see if the H&S was a true indication of a bullish trend forming, or is that a bull flag I see directly after it?...
NAC has been buzzing around $1.00 for the past month or two... Ascending channel indicates it could possibly break recent resistance and break out to new highs.
Just an educated possibility of what I could see happening on WEED :)
More of a tracking measure than anything, hope there may be some takeaway from this.
Nailed the bottom followed by the top today(FEB26) through a MM method.
As we can see it has broken below the previous support line and tested twice, confirming the new positioning of the line of resistance. I have also redrawn a slightly longer chart, with a bigger Fibonacci snapshot and new downward trend line that was squeezed down to meet the upward trend that we were previously starting to form. That line has also been taken back...
Will it break the green retrace line at .382? Volume will tell how far, considering it broke the triangle in the negative. Judging by the momentum and 3 line EMA I don't believe it will correct past 10.15 due to the two previous test points indicated by the blue dotted line, but if it does, it will most likely just bounce off. We just came out of a huge head and...
The upper red lines have previously been resistances but now with upcoming legalization we could see the lower green line act as a support, especially since the upper red line has been broken.
