CAN is on a downtrend and is about to reverse the trend.
It broke the trendline previously and showed the reversal pattern, this is a good opportunity to invest weed.
Please hit the 👍 LIKE button if you agree with my view, also you can leave the comment below.
Can Group Pot stock.
As you can see, Cannabis stocks in Australia look very similar to the 2017 cryptocurrencies pathways.
Initial hype of parabolic advances which was fueled by euphoria followed by a blow off top which resulted in a multi year downtrend.
The multiyear downtrend put the market cycle in consistent disbelief stage flushing out all the weak...
I have been watching this for quite some time, managed to buy in and then sell after the last bottom. I have had my eyes on this weekly gap since then, we have some great fundamentals behind the company. CBD looking to be legalised next year in Australia would be a great step forward and looks like its heading that way!
I wont be taking a large position due to...
ASX: CAN ( $ 1.48 + 9.63 %
+ Technically looking strong
+ Plotted chart which was developed continuously (8 weeks) is corresponding well with actual price action
+ Trend continues and shorter term parabolic trend developed within channel. Tested resistance with wyck.
+ Elliot Wave 5 commenced (We think we are at 5_iiiii_)
+ Volume great and RSI...
ASX: CAN _ Cann Group
_Updated Elliot Wave Theory Pattern
_Fibonacci Levels in lines of color
_ABC Correction less that 50% retrace
_Wave 5 possibly to bounce off 50% fib level which could correspond with
_trend upward
_oscillators crossing
_Validation of wave theory
Kind regards,
Toby
_Limitlesss
_ASX Momentum...
ASX: CAN $1.350 -12.34%
22nd January 2020
Elliot Wave Theory (EWT)
Elliott Wave is fractal and the underlying pattern remains constant. The 5 + 3 waves define a complete cycle. They can form different patterns such as ending diagonals, expanded flats, zigzag corrections and triangles. Fifteen different degrees of waves can be identified with each of the 5...
Hello Traders,
Cann Group Ltd, an Australien Pot stock, topped at AUD 4.55 on January 5, 2018, and declined since to a low at AUD 1.525. The move since looks like a „five-up“ and the correction after a huge and long wave „2“ move.
I have drawn a base-channel to show how price has moved up and down in this channel. The wave „((B))“ high is the upper boundary of the...
CANN GROUP about to break out of down trend channel with a 3.22aud target. Keep your eye on this stock i think it will fly after it hits target and makes a correction, and then moves back up again and tests ATH !!!
Hello Traders,
as of my first analyze of CANN Group, the stock has declined to the target range of AUD2.- to 2.15! This is at the 0.382 Fibonacci of the advance from AUD1.53-2.57 amd clear a „three2 down. So the possibilite is given, that this was all of the correction.
At the other hand, if not, it is maybe the first leg of a „three-down“ correction, which will...
Cann Group Limited
ASX Ticker Symbol: CAN
OTC Ticker Symbol: CNGGF
Frankfurt Ticker Symbol: CVJ
Hello Traders,
today I`d like to show you one Cannabis Stock, listed at the ASX, tradable at OTC and also at Frankfurt/Germany!
I think Cannabis Stocks can be at the forefront to a new multi years lasting uptrend, with many stocks anticipating this, while, at the...
The Cann Group is involved with medicinal cannabis from cultivation to distribution/supply of medicinal cannabis. It has the potential to breakout of the long term down trend and a move above the previous support/resistance around $2.50 (red dotted line) will provided a potentially bullish move. Wait and watch for a setup.
