After breaking its daily uptrend, APH bulls showed up Friday looking to set a daily lower high compared to 20.57. I'm expecting a back-test of the daily MA20, currently at 19.51 in the current configuration. I don't like any bull entries in APH right now based on the daily chart, but if you zoom into the hourly we see the bulls trend trying to change the trend,...
ACB broke key daily support but bulls bought the dip and finished strong near the high of the day, completely ignoring the end of day dump by the sector leader on bearish news. Price bounced just below the .382 fib level from low of consolidation to our recent high. The daily volume was far less than I would have liked on this move, and so I expect a daily...
WEED started the day Friday with a gap down open just above our key daily level, providing a great bottom-fishing opportunity to play in our daily equilibrium. The entire move was given back in the afternoon when news came out of Canopy withdrawing their 'Chronic By Dre' trademark request after forgetting to get permission from the rapper to use his name. The...
Large bullish wedge (outlined black) currently in a breakout. If the breakout is sustained and the .618 fibo line ($10 zone) is broken, while using the pitchfork strategy, you can see aurora can potentially reach 20 Dollars by May 2019. Continuing good news can accelerate this growth. Pitchforks can be broken in both directions - it is only a guideline or...
CNQ is between two major weekly supply (@ 44.55) and demand (@ 39.82) zones. Considering the trend is down, any relief rallies can be sold until price reaches weekly demand. At the moment, the weekly downtrend has paused and moved into a ranging environment. Zones of Interest: Supply: 45.56 & 47.14 Demand: 40.31
WEED is in a weekly uptrend with nearest significant weekly demand at 37.19. Buying at current prices is not advised. On the daily, the upward momentum has been broken creating a range. Due to Weekly trend, longs are still favoured at lower prices. Zones of Interest: Demand @ 52.45 Supply @ 65.81
Over the long term Namaste's stock looks bullish, however currently it is in a weekly and daily range. Significant weekly demand resides @ 2.11. Zones of interest: Demand @ 2.00 Supply @ 3.21
ACB's Significant weekly demand @ 8.93. Longs are favoured but not at current price level. Look for pullbacks into weekly demand. Zones of Interest: Demand @ 8.61 and 6.49 Supply @ 14.07.
Significant demand to buy @ 8.94 inside weekly demand. Waiting for this price level to begin positioning for the long term. For now, any buys are counter trend. Zones of Interest: Demand @ 14.07 and 13.64 Supply @ 16.00 and 17.27
Could gap down on open Monday to clear out stop losses at $17. Driving the dip into the $16s quickly. Bidding at $16.88 at open. If we open higher than closing, the trading strategy changes. If we lose price support, this will become a momentum short to the $13s. 50/50 at this point. Watch bear versus bull volumes. Either could win from here although the expected...
Low range Red - 64.29 - 65.00; Expected range - 67.46 - 65.00; High end- 65- 70. ps News announcement on Dr. Dre Chronic patent infringement has no barring on operations or any tangible lawsuits as it was a filing made in error. Sell off was not warranted. News of crop failure is over substantiated by shorters. Stock rebound 100% for weed on Monday. Ranges are...
Not sure what happens from here but this stock has recently tapped the 2.42 range 3 times and is looking to try again. If it breaks that level it will go higher. Not saying it will break that resistance but if it does it could be a nice play. The company is, in my opinion, pretty solid as far as cannabis companies go.
I just bought in N.Tsx. Namaste Technologies is within a parallel channel. Right now, the stock is touching the lower limit. RSI shows an oversold tendency. I believe that the stock could bounce, as the sentiment towards Cannabis remains fairly positive. This is a short-term long that'll be closed before Friday. Trade safe guys!
MACD cross on the monthly is happening right now ! Long consolidation period right above the 10 USD level. This one has huge potential.
TGOD is on top watch for me tomorrow. Down 32% since hitting all time high last week, and now hourly oversold with RSI of 23. Hourly RSI 18 is a historical bounce point so if the bears are aggressive tomorrow with a flush first thing we can look for an entry, otherwise there is still room to the downside so I will be very patient waiting for the move if it...
Technicals - Bombardier is in a parallel channel. The upper limit and 180EMA are overlapping and form a strong resistance. Price could bounce down, or break above and get a good run-up. If it happens to go up, it could go back to recent highs around 5.40. I am just waiting for a trend confirmation to get into the trade. Fundamentals - Bombardier made good...