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Body & Mind Inc.Body & Mind Inc.Body & Mind Inc.

Body & Mind Inc.

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SLOPE GOING LESS STEEP - FOUND STRONG BOTTOM - BMMJ - 30MNThe price has been going down following repeated patterns of small recovery and dramatic fall following. The hope is in the angle of the slope which is less steep. We have seen a big fight between people coming in to buy and strong sellers having the hand on this market. Isn't it normal to expect people taking their profits when this market have seen a super increase in the past. So lots of squeezes, up and down, tracing some new patterns. Now the market has found a strong support at the red line. Repeatedly failed to break it. Lately again buyers have been squeezed, but we have seen that the market responded when it can across the blue downtrend line to rebound on it with huge volume supporting this spring effect. This analysis reveals a zone illustrated by the red rectangle corresponding to the beginning of October (2 first weeks). There is strong possibility to see the market coming again to test this blue downtrend line again. The red line might be tested as well, and you know that from there, there probability to have good long entry point. There is a black dotted line on the top, there is less probability to see the market going over this line at the moment, but if it does, there is possibility to see some sign of recovery/reversal My view on this market.
OTC:BMMJ
by Diallo_Charts_Ideas
Body & Mind bullish above $1.10Vancouver, British Columbia--(Newsfile Corp. - September 12, 2019) - Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ) (the "Company" or "BaM") a multi-state operator, is pleased to announce that Satellites Dip, LLC's ("SD") Cathedral City, California facility, which is fully managed by BaM pursuant to the management and administrative services agreement entered into between SD and BaM, has begun shipping BaM's award-winning products in the state of California, which are manufactured by SD pursuant to a license agreement between BaM's wholly-owned subsidiary, Nevada Medical Group, LLC and SD. This follows after the Cathedral City facility received final testing and California packaging compliance certifications for BaM's products. All products manufactured at the Cathedral City facility adhere to California's strict testing process for microbials, pesticides, heavy metals and potency. Trip Hoffman, Chief Operating Officer of BaM, said "As the largest cannabis market in the US, Body and Mind has worked tirelessly to develop relationships with expert California growers to source high quality, fully-tested cannabis for our California operations and products. Having already been well-received in a mature market like Nevada, our premium quality products will be a great fit with consumers in the California marketplace."
OTC:BMMJLong
by OTCMarketsExpert
perfect backtest on the low of Wednesday. Bulls stampedeCongrats to the bulls and dip buyers. granite hands are being rewarded. Bullish engulfing candle on the daily. gap down fake out, the shorts capitulated and started to cover their positions. there are not enough sellers for them to get out. sell low, buy high! after a brief pause, the bulls are ready to make another charge. HOD close at 2.90 only clear resistance is coming off of the top from Wednesday around 3.20 volumebot.com ca.finance.yahoo.com ---- the margin calls have only just started. matadors getting gutted.\
CSE:BAMMLong
by DGZWD3333
300% up 30 % down. healthy pullback on decreasing volumeBears failed to push this below Wednesday's low. Longs bought the dip. chart is forming a massive cup and handle . volumebot.com ----- between 50 and 70 percent short between march 22 and april 19. meaning a lot of these shorts have averages under 1.50. they're currently down over 80%. longs don't even need to buy the dip, the shorts will cut each other's throats to get out of their losing positions. support levels are 2.20, 2,10 and 2.00 Longs are very comfortable after a massive run.
CSE:BAMMLong
by DGZWD3333
4
BAMM - Great Momentum, Flagging before next Push CSE:BAMM OTC:BMMJ Body and Mind closed friday with a doji candle, possibly signalling a short pause before advancing. We have kept daily higher lows intact since March 19th, consolidating on the hourly as we advance. The weekly chart looks very strong with increasing price, increasing volume, big green bars closing at or close to the high. However I would expect to see a bit of a weekly flag before pushing into the $1.00 range. Meaning we could see this first week of April, trade sideways in the 90c to 98c range before we push higher. This would be completely healthy and will be a good chance to accumulate below a dollar before we push higher. On Thursday we had a bullish cross of the 50day SMA over the 100day SMA and have two very strong up-trend lines that we can play off of in the coming days. The RSI is a little heated right now being that we have been over 70 for the last 6 trading days, thought for reference VFF (Village Farms) spent almost 2 complete months over 70 and only half of that period was in "blue sky breakout" so this indicator is not to be solely relied on. We have been hugging the top of the bollinger band for two weeks (11 trading days) now, so a bit of sideways action will help cool this indicator off as well. Volume has peaked a couple times but is sustaining above 350k which is double the 50 day average volume. Resistance 98c and $1.00 will be our next two resistances, based off the Level 2 (market depth) data there have been some sell blocks posted there for a couple weeks now, should not be a big concern given the momentum but id expect a pause around there to chew through them. after that there is not to much up to $1.11 and $1.20 which is our 52 week high Support 91c and 92c are our last two daily higher lows, holding those as we go sideways will be strong. 85c is our critical support to hold now on any daily consolidation that could potentially take place This stock has plenty of strength and can see it moving higher before any medium term consolidation takes place. Volume has peaked a couple times but is sustaining above 350k which is double the 50 day average volume.
CSE:BAMMLong
by justin_paul
5
BAMM - Bullish Momentum, after cracking mid 80c resistanceUpdated: After a strong close to the week on Friday, Monday saw a battle against long standing sellers, viewing Lv2 over the past few months there were large asks stacked from $0.80 all the way up to $1.00, these asks totalled near 1 million shares. This made an extremely heavy resistance zone, however after 6 full trading days around $0.80 the Seller capitulated and had enough liquidity to exit their position in the low 80c range, this was a strong testament to the bulls here and weakness from the seller. Today had decreased volume but with little resistance left and seemingly less reason to sell at these levels the price broke out above the 90c level for the first time in nearly 4 months (December 6, 2018). In my opinion this strength lends to the ability for BAMM to continue its momentum push upward, being currently valued ~$66 million dollars, Body and Mind had a buy out offer 15 months ago from TGIF aka 1933 Industries valuing them at ~$115 million, with significant business growth in the same time period, a share price target of $2.00 would get them to a little more than that $115 million dollar market capitalization, but warranted given the growth. Financials were posted yesterday on Sedar, and demonstrated 303% YoY growth in Gross Revenue for 6 months ending January 31,2019 and 44% YoY growth in Gross Revenue for 3 months ending January 31, 2019. These financials show great growth, however do not yet capture their new dispensary in Ohio, the Clubhouse which opened February 20th and sold out first day, showing the demand. Nor can it include yet the revenue from their investment in GLDH - ShowGrow which is a Highly profitable private group of 4 dispensaries in California and Nevada, but not fully rolled into the company as of yet. The next 6 months should get really exciting revenue wise and could make this a great entry for the next 6+ months Original Post: After a 3 month long consolidation with-in a pennant US Multi State operator, Body and Mind: BAMM:CSE or BMMJ:OTC has broken out bullish with increasing volume and price CSE:BAMM . Fundamentals of the company are strong, with significant operational growth in the past 2 quarters. Financials are due out soon and should begin to reflect the growth in operations. With backing from Australis: AUSA:CSE, this could be a great long entry for a Small Cap MSO that has big growth potential in California, Nevada, Ohio and now Arkansas.
CSE:BAMMLong
by justin_paul
1
BAMM - Volume Precedes Price After breaking out of PennantAfter a 3 month long consolidation with-in a pennant US Multi State operator, Body and Mind: BAMM:CSE or BMMJ:OTC has broken out bullish with increasing volume and price CSE:BAMM . Fundamentals of the company are strong, with significant operational growth in the past 2 quarters. financials are due out soon and should begin to reflect the growth in operations. With backing from Australis: AUSA:CSE, this could be a great long entry for a Small Cap MSO that has big growth potential in California, Nevada, Ohio and now Arkansas.
CSE:BAMMLong
by justin_paul
1