Growing and Going HigherSee the related idea below for more commentary. This is a bigger picture wave count for WEED that is clearer to see using a line chart. According to this count, just shy of validation, we are in wave ((iii)) of 3 of (1) of ((5)). Lots of upside!Longby Kappy3
WEED buy signals$WEED is just shy of invalidating the bearish count (red). Things are looking bullish for WEED based on the blue Elliott Wave count. A three wave zigzag (A)-(B)-(C) completed in June and the initial build up of 1-2 waves is what we see now. Additionally, the changing to a negative social mood supports from a socionomic perspective the repeal of prohibition. This is apparent in the macro trend of legalization state to state in the US. Colorado's legalization as an example has increased state revenues, another factor that may sway more states to vote yes for legalizing marijuana. The growth opportunity and bullish sentiment for weed has lots of upside for higher highs ;) The first buy signal, a break and close above the wave 1 high is in. The next confirmation/buy signal is the break and close above the wave (1) red low. This is currently key resistance to break. After we could see price pull back to the current levels but the break and close above the red dashed line will confirm the blue count is underway.Longby Kappy4
WEED Canopy GrowthWe're not there yet. Some further small consolidation but we're getting close.by graham.edwards842
Canopy Marijuana stock ideaI found what I think was an example of an ascending triangle followed by breakdown. I think it will bottom in the next few months. by Lionel_Hutz6
WEED Broken down trend line...New up trend?WEED has broken out of its downward trend line. Probably getting a push with the boost in healthcare and biotech. If it can breakout some more and hold key support I will be a buyer. WARNING very risky stock. Proceed according to your fully tested trade plans.by WadeYendall4
WEED Demand LevelWEED will bounce at this level. And the bounce will turn into a trend. This is where teh trend changes to UP. All aboard.Longby AnotherBrianUpdated 4
retracement.. Donesee link... two times .618 support. buy the third time. Longby stanlyongUpdated 334
WEED(TSX) potential reversalOn watch, a bit early as will ramp up likely towards 2018 july. will wait for confirmation after next weekly close. $WEED $HMMJ (TSX)by chaching23112
Produced an ENTRY (BUY) signal......using this indicatorWell....seems like weed stocks might be on the rebound. $ACB $WEED are ones that are looking good using this indicator. Happy Trading!Longby CyberRP6
WEED. Gettin smoked!WEED has been in a free fall for months. Not sure where it stops, but Im looking to load up on some Mary Jane stocks soon. Will keep you guys updatedby DIY_Trader114
BUY set upBeen waiting on this to break the a wave low for a long time. some more down is possible watch for the breakoutLongby CJ_pips6
WEED LONG!Wait for WEED to bounce back from the daily Trend Line (around 8.5) then go for long!Longby YouHaveNiedsUpdated 5
What is the Best Marijuana StockWhile many marijuana stocks fall have small market caps, investors are not stuck investing in marijuana penny stocks, though those can be very profitable. For investors looking for the one of the best marijuana stock to invest in, while ACB stock may be the more enticing option, their best bet could be Canopy Growth Corp (TSE:WEED). The first billion-dollar market cap weed company, Canopy Growth has a lot of the makings of a great and stable industry leader. While other companies have faced controversies on everything from pesticides used in growing operations to possible shutdowns, by Jadtecnic3
Descending Triangle, but with Potential for UpsideI'm seeing a descending triangle formed since earnings mid-Feb. The triangle sees a failed backtest on 11-Apr, and a battle at long-term (and psychological) support of $9.50 CDN. I'm anticipating a possible fall to the previous psychological support of $9 CDN, but with earnings around the corner, there could be a breakout in anticipation. I'm a long-term investor in WEED, but am exploring (read: newbie) TA for this and other stocks. Constructive comments are appreciated!by priestleyfamUpdated 3
canada top pot compagny (canopy growh)As we all know, Canada is making big moves towards legal use of cannabis and announced that it will be fully legal in 2018. Many investers are asking themselves if pot stocks will take off. Well as we all know no 1 knows the truth about what will really happen with pot stock's. But from personal experience and analysing the cannabis market I think that many pot stocks will double or maybe even triple up in value over the years such as canopy growth ($weed), the biggest canadian pot stock and the most predicted stock to go up after the legalisation. I also think that this pot stock is probobly going to get bought by another compagny during or after full legalisation process which could make the stock become even bigger. Althrought, even if this stock is worth considarating there's always risk related to the market. by Ted1235
WEED just reported earning.. and still + sideLast eruption of WEED was during nov 2016, A retest of the high was due yesterday and today after earning we se a re-bounce of Fib 50. I take the trade and with a 6% SL but with a 3 time R/R ration,, This is my thinkingLongby S_AUpdated 2