Considering the recent political shift regarding cannabis scheduling and the changing landscape of the drug war, I am closely monitoring the prolonged underperformance of the cannabis industry. Since the legalization of cannabis in Colorado and Washington state, proponents have touted the potential of legal cannabis policies in curbing crime rates. We anticipate...
Pure technical analysis point of view, it signaled an Alpha candle from a good chart pattern. Has upside potential.
WM Technology Inc is a technology and software infrastructure provider to the cannabis industry. It comprises B2C platform Weedmaps, and B2B software WM Business. This is not a financial advice! Weed related company - Sector is hot right now. Rel. Vol on 03/23/2024 at 3.59 We need to stay in a bullish overal sentiment of the market. If we see a corretion, this...
MAPS on 240 minute chart is now in a significant breakout with spiking volume and dramatically increased relative strength. The breakout was caused by the news that the Biden administration and specifically VP Harris will now push to legalize marijuana and take it off the DEA's controlled substance schedule which if legislated and enacted will buttress the...
WeedMaps technology has the potential to become the Uber equivalent for the cannabis industry, primarily because of the substantial customer base already associated with Weedmaps. This stock seems poised for growth, especially considering the global acceptance and legalization of cannabis, as well as the evolving technology itself. It presents a promising...
Price action has spent months forming a solid bottom and looks to be making the first moves of a breakout. The Chikou span is up crossing price action, which generally precedes a breakout. Senkou span is acting as support, aligned with our first support zone. I would expect the price action to retest and possibly even break down under the first supply zone....
TAKE A HIT OR LET IT SIT? On the weekly, $MAPS appears to be smoking on the Bobby Brown and following suite via cannabis sector from Feb. '21, but can this ticker start puffing on big clouds to get some investors high on profits? - Soon, soon... As it sits right now, we are completing the 4th wave down. Turning into the 5th, I would expect to see some MACD...
This stock is rekt hard. But it's one of the only mj companies that actually make a profit. And also the business is like selling shovels in a goldrush. If i didn't had a position already would totally buy this here.
#cannabisreform legislation c/w #cannabisboom2021 in works. Find the small caps with revenue growth & profits TODAY. Matters most in rising rate environment. Stock pickers win. This ain't it. Run away! *valuation matters
Cup and Handle in the works. IMO it must pullback a little more to $16.25-$17.00 zone before it moves up.