Slow crawl down as OGI loses market share.Gross products, hard to sell profitably? I think this could be the crawl to zero ... or near itShortby JohnGalt777224
OGI - Will Continue Downward Trend, Load Up Before Q2 EarningsOGI is one of the most undervalued stocks in the market and the best value Cannabis stock now that ACB has popped. Anytime is good to buy before Q2 Earnings but it'll likely approach $1 again and then pop on earnings. Probably to similar degree as we just saw with ACB.Longby ProfitHarvest117
OGI oversoldTrade #4 of this month OGI further dropped down below support level of $1.15 and don't see there is much downside from here. If it goes back up to the important level at $1.5 that would be a 33% gain so it's not illogical to take a risk this time.Longby kowloonboysUpdated 114
Organigram Holdings Inc. (OGI)OGI at Fibonacci support . Disclaimer: We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.by CryptoTrend-AlertsUpdated 9947
OGI made a move todayGood Monday open. Hope it sticks the landing above current resistance. Longby CryptoBNash1106
Blame Canada for Pot Stock PerformanceHappy 420! When legal recreational cannabis sales began in Canada on Oct 17, 2018, marijuana companies and investors were brimming with confidence... A large industrialized country had finally legalized marijuana. And with an adult population of nearly 30 million people, Canada would finally show the world just how big and lucrative the recreational marijuana industry could be... Aurora Cannabis . Canopy Growth. Aphria. Tilray . They’re all Canadian. And they’re among the biggest marijuana companies in the world... Their stocks were soaring. They were going to take over the world. First Canada. Then the USA. And then the rest of the globe... But what no one had counted on was an inept Canadian bureaucracy... Canada put Health Canada, the countries department of public health, in charge of regulating the Canadian marijuana industry... ...and Health Canada hasn’t been up to the task. Entering 2019, health Canada had more than 800 pending applications for processing, sales, and cultivation licenses. On average, it’s taking 341 days to approve licenses to sell marijuana... And the time it takes to approve cultivation licenses is anywhere from 6 months to a few years. It took Aphria almost 2 years just to get its upgrade of an existing facility approved... The failure to approve retail locations has depressed sales. And the failure to approve grow facilities has made it difficult to keep up with demand... It’s almost as if Health Canada wants the legal marijuana industry to go away... Canada’s marketing and advertising restrictions for marijuana aren’t helping matters either... Canada bans the use of mass advertising, sponsorships, endorsements, testimonials and promotions for Marijuana... It also prohibits communicating information about marijuana’s price or distribution... Canada also artificially restricted the size of the market by allowing only the sale of the flower and oils... These structural flaws have made it difficult for the legal, regulated cannabis industry to take off... In the 3rd quarter of last year the average price (to consumers) of legal marijuana was CA$10.23 per gram, according to Statistics Canada (which is run by the Canadian Government). Statistics Canada reports that the average price of black market marijuana was only CA$5.59... It’s no wonder the big legal marijuana companies in Canada are struggling... Health Canada’s bureaucrat quicksand, combined with its limits on products and marketing, has slowed growth and created a thriving black market... It’s also infected the larger marijuana industry. Every time a Canadian marijuana giant misses earnings or revenue estimates, stock prices for the entire sector plummet. And because pot stocks are dominated by retail investors (institutional investors are largely unable to invest in pot companies because pot is still illegal at the federal level in the US), prices can drop rapidly. Retail investors typically hold on to their investments for less time - and have a lower risk tolerance - than institutional investors... Canada’s approach is fundamentally unacceptable. Fortunately there are sign of progress. Health Canada is trying to speed up the review process for licenses. And the sale of edibles and other cannabis derivatives is expected to begin this month... But it’s going to take some time before the promise of the Canadian market becomes a reality... That doesn’t mean you shouldn’t invest in the big Canadian pot companies. It simply means you have to adjust your timeline for success... Now is a good time to buy because pot stocks are a bargain, especially considering how much the industry is going to grow... Over the course of the next few years, the cannabis market will reach incredible new heights. It won’t happen as quickly as you’d like. It will be a slow and steady March instead of a meteoric rise... But it will happen!!! And that means if you’re going to invest in pot stocks, you have to be in it for the long haul. There’s no shortcut to success. Buy now while you can still get bargain prices. And then hold. You’re investing in what could be a $66 billion global marijuana market by 2025... And these companies, and a few others I’ve picked, represent your best chance to capture a hit from that cone!!! Stay ahead of the masses, Seth Maniscalco Owner, Modern Wealth Management Founder, Crypto Wealth Coach Founder, T.R.A.I.N. #NoMore925 #ProfitsOverPaychecksLongby smaniscalco7
OGI looking at a turnaround at sub $3Looks like we have a solid bottom on OGI. Assuming the bears don't sell at resistance and overall markets continue to show strength , OGI should rebound hard and easily retest the $3s and $4s resistance. About to break through short term downward resistance. Scaling back in and buying the dips. Cannabis is also an industry in Canada that won't be laying off anyone, it's already "clean" operations (mask, bug free). To add to the bulls, illegal weed online sites are getting shutdown. Look at the seizure of orderweedonline.ca by the RCMP. This is a GOOD time to be a licensed producers as government and law enforcement goes into the "clean up" version of the black illegal market that sells anything. Longby UnknownUnicorn24137213
Long OGI amid COVID-19 Long OGI ($1.57) as the coronavirus has taken this stock down along with the industry, and the virus is only causing consumers to get more and more STONED. Operations are being run out of one facility, excellent executive team, financials are stellar compared to competitors; stock is a gold mine. Price Target @ $4.50 by end of Q4 2020.Longby alexmartin224
Possible Bullish Reversal In a recession people are still going to buy their pot. Possible fib retrace? Longby Barter66
ORGANIGRAM HOLDINGS AlertWeekly Chart for Long Term Investors. Folllow my TradingView Profile , and recive an alert when the price falls to $1.37. You don't have to wath this market anymore. Buy1 1/3 size ($1.34 ) Buy zone2 2/3 size ($1.15$ , $1.08 ) We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.by CryptoTrend-Alerts1147
Hammer bullish kick on Phase 2 uptrend transitionDISCLAIMER. This post is for educational purposes only and should not be construed as investment advice. Your use of the stock observations is entirely at your own risk and it is your sole responsibility Longby zukedu4
$OGI Needs To Get Above $3 For Breakout$OGI has a multiple bottom in place just believe $2. The stock is now bumping up against the long-term downtrend line from last May. A move above $3 will confirm the breakout. We believe a new cannabis bull run is coming this year and $OGI is certainly a name to own in the space. OrganiGram Holdings Inc., through its subsidiaries, produces and sells cannabis and cannabis-derived products in Canada. It offers cannabis flowers, cannabis oils, and pre-rolls for adult recreational consumers under the Edison Reserve, Edison Cannabis Co., ANKR Organics, and Trail Blazer brand names; and medical cannabis products, including cannabis flowers, cannabis oils, and vaporizers for the medical market. The company also engages in the wholesale shipping of medical cannabis plant cuttings and dried flowers. It sells its products through online, as well as telephone channels. OrganiGram Holdings Inc. was founded in 2013 and is headquartered in Moncton, Canada. As always, trade with caution and use protective stops. Good luck to all!Longby InsiderFinancial20
Bullish Divergence| Higher Low| Declining Volume Hello Traders! Today’s chart update will be on OGI where bulls are promptly trying to change the bearish structure; key levels must break for a trend change to come to fruition. Points to consider, - Trend structure changing - Local support being held - Structural resistance to break - Stochastics in neutral territory - RSI diverging from price - Volume clearly declining OGI’s structure has slightly changed due to the bullish divergence playing out, new higher highs will confirm the overall trend change which has not happened as of yet. Local support in being held promptly, in confluence with the .50 Fibonacci level, OGI has strong technical support confluences. Structural resistance is a key level to break; OGI must close above as this will instil a highly probable new higher high in the trend. Stochastics is in neutral territory, momentum is stored in both directions at current given time. RSI is diverging from price with clear higher lows, signalling a local trend change. Volume has been declining which increases the probability of an influx at current support. Bear volume visually has been drying up; OGI needs bull volume for follow through from current support. Overall, in my opinion, local support must hold for OGI, a retest and close above structural resistance will confirmed the trend change with a new macro higher high. What are your thoughts? Please leave a like and comment, And remember, “Ultimately, consistent profitability comes down to choosing between the discomforts you feel when you follow your plan and the urge to let yourself be captures ( and ruled) by your emotions.” ― Yvan Byeajee Longby AzizKhanZamani22
Support 3.61Love these retests as they bounce fast and make good money doing it. Be patient and wait for your entry. 6.00 price target. Longby derekh425
Potential for breakout to low $5's or breakdown to $3.70Traditionally this stock has experienced massive resistance at the $4 to $5 level. There is no reason to expect this stock to break out of this zone beyond spikes above or below the range until more growth is confirmed or EPS improves. Overall market sentiment on marijuana is likely to remain neutral to bearish as some companies will go bankrupt while others will show moderate success with increasing retail locations. Too many resistance points in the short term and a gap to fill in the low 3's. Lastly, volume has died off by 1/3 each day of the rally since earnings. Back under a million in shares traded will ensure OGI does not breach resistance levels. I'll remain skeptical on this one in the short term. Still bullish long term. Stop loss @ $3.70 or $4.20, depending on your risk tolerance. If the price stays in the $4.20 to $4.80 range this will be a channel players dream. by Blue_Collar_Trader4
Consolidation likely in the short termNobody's going "to the moon." Earning a few pennies on multiple dollars will ensure this stock remains grounded. PT range of high $3's to mid $4's until we hear about more sales numbers from edibles and vape cartridges.by Blue_Collar_Trader3
Organigram Holdings Bullish Perfect retrace to .786 Fibonacci level. MACD had just crossed bullishly while histogram has turned green. RSI and Stochastic in reversal from oversold conditions. OrganiGram Holdings, Inc. engages in the production and sale of medical marijuana. Its products include strains, cannabis oils, and vaporizrs. The company was founded on July 5, 2010 and is headquartered in Moncton, Canada.Longby RedHotStocks26
Organigram opinionThe weekly chart shows a goo sign of a large run for the next year. 300% + I'm predicting OGI to continue lower to the support around 1.60 sometime in Feb/March before it starts its long gradual run into Jan 2021. by DrRockCoinz7
This is starting to look promisingIt is no secret that this whole sector has been hit hard. This graph does have abit of promise.As we can see it is at a very steep downwards channel but I believe we are nearing an end. We can see that on the OBV, MACD histogram and William R to be bullishly diverging . on top of that the RSI is bullishly diverging on three points. We can see that the price action found support on downwards sloping support line and it is currently approaching it again. On top of that we also have a nice base that was formed right below it since 2017 in case that fails This week will be interesting to see how this price action forms. I would still feel uncomfortable taking a long position since I have seen downward trends that has bullish divergence on 5 different points before if you take a look at OXY. I'm bullish leaning on this as it looks like we have come to an end to this downwards channel, but it could easily just go sideways. but it will nonetheless be on my watchlist. It's possible that it might bounce and hit the 55EMA, but i would not count on it. It seems to be respecting the 55 EMA on the 6 hour. So this will be an interesting week , especially if it breaks out to the upside and uses the 55EMA as support. Perhaps there may be some people still hopeful that early 2020 is the time for cannabis and we might beable to take advantage of the little hype it generates, but i would probably sell it off before the earnings. Too many bad memories... by gNnairdA3
OGI Looking like we are near bottom-fishingLooking at my lines, I think this is a good time to buy for either a quick 20% scalp, or a longer-term 3-5-year 300-400% gain. Fundamentals need to align with technicals, but I think the pattern has this rising again. I might be early, but I am in here. Descending wedge into long-term support is how I see this. Longby IAmSpoli225