CTST Bouncing off Support. Waiting for close above 5ema.
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I've read so many comments from people that think Canntrust is going to make a comeback. They have been floating adrift without a license, without sales and without production. Even if they get their license back, what kind of market share would they still have? All patients gone, no inventory, this company is in total shambles. A take over target at best, but who...
EARNINGS COMING THIS JANNUARY
marihuana sector oversold finally getting some movement with some states lagealizing
rsi is oversold montly weekly daily
every indicator say a reversal will happen
any new will make cann blast
now at 0.93 with targets from 1.40 2,70 .3,40
Entry level $.97 = Target price $1.12 = Stop loss $.93
Short interest 10%
CannTrust Holdings, Inc. engages in the production and distribution of medical cannabis. It focuses on developing nanotechnology to create new products in the medical, recreational, beauty, wellness, and pet markets. The company was founded by Norman Paul and Eric Paul on March 16, 2015 and...
CannTrust Holdings, Inc. engages in the production and distribution of medical cannabis. It focuses on developing nanotechnology to create new products in the medical, recreational, beauty, wellness, and pet markets. The company was founded by Norman Paul and Eric Paul on March 16, 2015 and is headquartered in Vaughan, Canada.
This one was hard to chart due to how much it's dropped in the past. Tight S/L set at last floor retest of .84. Potential to run up to 1.20 without too much resistance.
larger bullish divergence on the 4 hour and a more extreme divergence on the 1 hour.
Bearish week in the sector is having some longer term charts get crushed, but others are much more neutral such as HEXO which has been trading sideways for the past two months. Looking at some potential price targets (NOT buy targets) using the longer term charts if we confirm daily & weekly bear flags this coming week.
At this point I believe odds favour another...
Major Canadian MJ names are largely in similar patterns with notable ACB post-earning weakness. Many of the smaller names are in weaker setups. HEXO is one to watch for a few weeks out from now.
CGC bulls have their first shot at changing the daily trend for the first time in many months, and the entire sector will be watching to see if the sector leader can...
CTST touched major support line. Well I don't think there is no any way back from this at least anytime soon. That's why i'm watching this other Weed stock for a potential opp. Watching it and also this other stock as well
Going back to basics. This is on my watch list. Keeping an eye on the 10 day moving average to cross back over the 50 day as a potential long play as long as there is price action. This would have been a perfect short if I caught it earlier in April / May.
If you must have news -This stock has taken a major hit and could be delisted due to loss of value and...
Weak bounces from Thursday with no followthrough on Friday have us looking back to our recent lows for a support test first thing next week.
I find the CGC chart as it stands now looks a lot like the NIO chart did back in early June, and the subsequent basing pattern of consolidation is all I expect for the sector after the eventual bounce does play out.