New Age Beverage is one of our favorite cannabis plays. Great fundamentals along with a stream of supportive news in this sector has helped drive price toward its next major resistance level between 7.35 and 8.50 Our plan is simple: carefully sell put options into pullbacks with the intent to take delivery. Once this market starts pushing into the 8's, we will ...
I am bullish on NBEV, price is in a parallel channel going up. The lower end of the channel corresponds to the 61.8% Fibonnaci level on a longer time-frame. If price also breaks out of the big triangle pattern, it'll be a very good opportunity for a longer long!
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- might need another day or two of consolidation after yesterdays move--- but if market is strong could launch again
- multiple tests of $4.50--- think of it like an attacking army approaching a bunker--- each touch weakness it.....
extra info-- market makers like to mess with retail and MJ stocks are a lot of retail--- fake out plays are ...
New trend potential
- holding MA 50 on 1 HR
set swing low and higher low on larger time frame-
if breaks $4.20 uptrend confirmed on smaller scale
if breaks $4.55 uptrend confirmed on larger scale
add to position
-possible new trend---
-looking for higher low and possible new trend
my tracking- staggered waterfall of orders on gap open pullback---- only filled 2 average at $3.52
current setup--- possiblilty---- could retrace also- which long term would be better
if starts moving thou past $4.50 get on train asap- moves ...
As many of you have been following my posts, I am well invested into ACB (favourite CAD pot stock), PYX (favourite USD pot stock), and XRP (favourite crypto coin). Since this post is about NBEV, I will keep my analysis related to the pot market. From a big picture perspective, we are still experiencing bearish sentiments from the legalization day(Oct 17). While ...
Here is another trade I recently entered.
With the recent news of anti-marijuana AG Jeff Sessions retiring, NBEV so a tremendous increase in buys yesterday on the good news.
Currently firing off long on the 4 hour TTM squeeze and rumoured news of a buy out by cocacola/pepsi/etc, I believe the target provided would not be too far of a stretch.
I don't generally ...
If NBEV closes above the descending trendline and out of the falling wedge in the next few days, look for a conservative 20% upside target but keep a stop-loss tight below the low of the day during which it breaks the line and move it to break-even as soon as is comfortable. If it breaks below the rising trendline then short it to the bottom of the falling wedge ...