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Bought some shares of this company at just under $3 before the euphoric run to the upside started. This is really my first foray into trading company stocks and I don't usually trade based on news, but with this one I did. With the 420 industry set to blow up here in Canada, it's interesting to see a bubble go through the motions while it's happening. I have no ...
on the right, see tilray making the same short squeeze move
long into short
as of right now it is an uptrend IGC
big money coming in igc hold the stock going to be some big ups sell at high SELL AT HIGH DONT BE GREEDY!!
Nice support/resistance levels both ways
A strong correction was necessary for IGC seeing as its growth was speculation based and turned into an all out buying riot. Sellers that were trying to hold on for a reversal have now been beaten out of hope after the second consecutive day of SEVERE day and night losses, overnight losses are in full effect. Original support level is approaching and RSI has ...
short for reference
IGC is another cannabis stock that soared way too fast based on no tangible numbers. The Cannabis market will be a big market for sure. But the energy beverage sector is extremely competitive; we would have to see how the "Nitro G" can compete before the stock soars 1000% in a couple days. This is definitely the pumping phase, and it will come down.
Let’s be real here. This 1hr timeframe
I wouldn’t be surprised if it dropped back after people realize 8k has been released about the drink. 3$ if that.
All based off a PRess release for cbd drinks
Market manipulation in my opinion.
This is a slow moving asset for patient longterm traders. it seems to have been "pumped and dumped" in the past and should be traded with caution. given the recent price action within 6 months of each other i am inclined to believe there seems to be some waves coming. on this daily chart it seems to be putting 5 elliot waves (in orange) of a bigger set (in green). ...
India Global Capitalization days of high flying money pumped in and out are over, so the question is what signal is best for watching for opportunities?
Thoughts: Set CCI to 110 on chart and review as needed. Does anyone use CCI for entries along with charts? Let me know your best practice, in case adding candlesticks for hammer up/down, volume, etc.
up we go
if you follow the line i think IGC will keep repeating this pattern.
Expecting a complex pullback.
We will see how people react once price is in the pullback area.
being formed, most likely a triangle. No option is available for this ticker. Wave 3 target is about $22.
Head and shoulders forming. Will see If It follows thru.
Notice support lines.
*Not Investment Advice*
IGC has a market cap around $100 million. It has potential to grow but it is very speculative. The insiders sold shares.
Look at the stochastic it’s over 70 and the sma is back at 2.50
Shorts are fomo
Monday will retract
No major catalyst
Just red flags
I’d sell partial if you got in yesterday or when I was lower