OGI bullish, crossing MACD with support.OGI is crossing the center of the MACD line and has support. As dispensaries are being rolled out throughout Canada, revenue for OrganiGram will increase dramatically in 2020. My guess is a day of consolidation then a spike in buyers. by SaintJoseph7
OrganiGram is Wickedly Undervalued!!Hey Friends! OrganiGram (NASDAQ: OGI) is a Canadian company and leader in the organic cannabis space. The company is growing at an impressive pace. Raymond James analysts predict that 2019 total revenue will be $97 million. That’s a huge jump from $12 million in revenue in 2018 and $5.7 million in 2017. OrganiGram also expects to increase production capacity from 24,000 kilograms per year to 113,000 kilograms per year by the end of 2019. OrganiGram is one of the few profitable publicly traded cannabis companies. And analysts are generally bullish on OrganiGram. For example, CIBC analyst John Zamparo says, “The company offers one of the few opportunities to gain exposure to the cannabis space at a reasonable price. We believe OrganiGram has a demonstrated track record of profitability, a rarity in the cannabis sector.” Organic cannabis is an area that’s especially interesting to me. Pesticides are a big problem in cannabis today. Anything you inhale into your lungs should be organic. I believe that when people buy cannabis for health reasons, they will increasingly choose organic. Organic cannabis prices should hold up much better than non-organic. There are very few organic producers, and far less supply. As a result, organic cannabis prices shouldn’t be affected by oversupply issues the way non-organic cannabis prices are. OrganiGram has healthy gross margins of around 50%, and some of the best yields in the industry. It produces roughly 230 grams per square foot, versus an industry average of 75-125 grams per square foot. The company has a huge opportunity coming up with sales of cannabis edibles, beverages and vaporizers beginning in December in Canada. OrganiGram’s primary organic competitor, Green Organic Dutchman, is struggling and has slashed production estimates. I strongly recommend reading this Bloomberg article to better understand OrganiGram’s potential: www.bloomberg.com As you can see, OrganiGram trades at a discount to its competitors. Its business model is sustainable, and I believe this company offers an excellent risk-reward equation. Stay ahead of the masses, Seth Longby smaniscalco10
OGI longOGI meet the strong level at 3.08 and made a false breakout. I will look for a long after price retest level.Longby abmanUpdated 445
Bullish One White Soldier ConfirmedWIth OGI closing 4.17 in its previous session, the white candlestick opened above the previous day's close and closed above its open. Similar to a Bullish Harami pattern but with the second day closing higher, which stops the engulfing of the white body by the preceding red body. Short term traders will wait for a daily pullback to buy into strength with higher lows confirmed. More aggressive traders might want to look at other patterns to determine whether a large swing trade picking up the lows might be appropriate.Longby UnknownUnicorn24137211
OGI CRITICAL SUPPORT/RESISTANCE ZONEHello ! Here are my thoughts on the stock Organigram is at in its current market state. As you can see with the numerous weekly candle touches, this stock is at a critical zone. I believe a reversal would be most probable giving the RSI, MFI, and Stochastic RSI are all oversold and finding a nice bounce in this zone. Not investment advice, just my idea ! :) happy trading !Longby KYLEKILLJOY3
$OGI Is A Top Cannabis Play$OGI looks to have bottomed after a very strong bounce on Friday. The $2.70 is a very strong support zone and one which investors can buy off of. Many investors are looking for exposure to the cannabis space and now is a good time to look after the sector has been in a prolonged bear market. OrganiGram Holdings Inc., through its subsidiaries, produces and sells dried cannabis and cannabis oil in Canada. It also offers wholesale shipping of cannabis plant cuttings, dried flowers, blends, pre-rolls, and cannabis oils to retailers and wholesalers. The company also exports its products. It sells its products online, as well as through phone orders. 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 InsiderFinancial19
Organigram: Strong long term buy opportunity.Despite Organigram Holdings Inc continuous 5 month sell-off, the stock has reached a point where there are 3 strong technical factors supporting the idea that a strong bounce may emerge. 1. The price hit the 4.15 1M Support which is holding since December 2018. 2. The price has almost made contact with the 1W MA200. 3. The RSI on the 1W chart is past 30.00, a point it last traded during October 2015 when it had an aggressive rise of +600%. Now we are not suggesting that another +600% rise will emerge (that would bring the stock at $30) but we are at a point when adding OGI to your portfolio would be beneficial over the long term. We are looking towards a 11.30 target. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.Longby InvestingScope339
OGI - Bullish Momentum From Retracement Bulls RebuyingOrganiGram Holdings, Inc. engages in the production and sale of medical marijuana. Its products include strains, cannabis oils, and vaporizrs. The company was founded in 2013 and is headquartered in Moncton, Canada. SHORT INTEREST 3.06M 08/15/19 P/E Current 35.56 P/E Ratio (with extraordinary items) 27.84 P/E Ratio (without extraordinary items) 38.74 Average Recommendation: BUY Average Target Price: 12.06Longby DEXWireNews118
This looks cheap around $4One of the lowest cost producers of cannabis in this booming sector. Support building which does need to hold. I will start building my position for long term investment in this company from here. Longby Jay_c7
$OGI Showing Signs of a Bottom Despite Continued Sector Rout$OGI has held the 200DMA as support the last two trading sessions & on July 15th. Hammer candle was put in on 7/29 followed by a bullish engulfing signal today. OGI current trades at a 10x P/E 2019 revenue and a 3-4x P/E on FY2020 revenue estimates. We see several near-term catalysts for $OGI and feel the stock will benefit immensely once the current industry chaos settles down (CTST, APHA, HEXO, etc) The company announced July 15th, it developed a Rapid-Onset Nano-Emulsification Technology for Cannabis Beverages with an initial onset of 10-15 mins vs 60-90 mins on average. The company also clearly told the market they're actively seeking a beverage partner & is for sale. Management has proven they can execute with positive adjusted EBITDA 4x Qs in a row, minimal dilution to shareholders vs peers, disciplined w/ expenses (No $600M losses here), and a very transparent with investors. $OGI management won't pump the stock & give unrealistic guidance like some of its peers, $OGI is focused on building an operationally sound profitable cannabis company in Canada & Internationally. We expect $OGI to get a lot of attention from institutional & retail investors state-side in 2H 2019 as investors begin to pay more attention to market caps, margins, profit/loss, etc. The industry is maturing very quickly and we believe investors will begin to see $OGI as a Top 3 LP. Time will tell... ***Disclaimer: I am long $OGI. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.*** Longby cb035112
Wiggle Room for OrganiGramAccording to my chart, shown here, the OrganiGram stock is holding just between (or round about) the middle of its support and resistance levels, so it's hard to say for sure which way the trend will go in the coming hours. With a RSI in the mid to upper 40s, it doesn't seem as though the stock will be oversold any time soon, making it a sound investment (at least, in the long term).Longby akamindwebUpdated 1
OGI is the way to goHello tradingview family, I just wanted to share my latest idea on OGI, this stock took a beating today but the potential it has is really solid and everyone in the cannabis sector should check this stock as this stock is deeply undervalued. The security zigzags a lot but now that it is in the big board, it will remain a touch competitor as the year goes by. by Cygmacapital-Trading3