Today, Medipharm Labs's 50-day moving average line crossed above its 200-day moving average line, forming a GOLDEN CROSS, a STRONG BULLISH signal.
Today, the stock went up by 13.33% on more than 4 times average daily volume.
Tradingview's technical analysis summary is BUY:
www.tradingview.com
GLTA!
Medipharm Labs's 50-day and 200-day moving average lines are a quarter of a penny from forming a GOLDEN CROSS, a strong BULLISH signal.
Extrapolation of these lines strongly suggests that they might form a GOLDEN CROSS this coming week.
Also, the Accumulation/Distribution indicator has clearly been trending upwards.
Tradingview's current technical analysis...
An extrapolation of MEDIPHARM LABS' 50-day and 200-day moving average lines suggests a GOLDEN CROSS should take place early next year.
According to The Globe and Mail, the target price for LABS is $0.10:
www.theglobeandmail.com
This represents a 20% upside potential.
GLTA!
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Think about stock investment like America got Talent show. If a stock has good potential but lack coverage by analysts, institutional buyers, media coverage, etc, it would take some time for investors to take notice. The show or the analysts coverage, etc are the platform that sells the company, promote its USP to the millions of...
I currently do not own this stock but am looking to purchase soon for the potential run. I am no expert do your own reasearch , but im glad to share my opinion and input and learn together. Good Luck everyone! if you want to play it safe you can also ride it up to the 200dma if you keep an eye on it and sell when they meet in case of a rejection and a further drop...
Today Medipharm Labs climbed above its 50-day moving average line, a strong BULLISH signal. It did so by going up by 27.12% on more than 3 times average daily volume. In the process, it filled a major gap.
TradingView's technical analysis summary is BUY:
www.tradingview.com
This stock has a consensus price target of $1.98:
www.marketbeat.com
That is more...
Looking at the weekly we can see there is a bullish divergence and there seems to be another one forming on the daily. Looks like a great recipe for a technical bottom. Of course this trade will largely depend on the earnings. breaking of this trendline would be extremely bullish and picking some up may be aggressive but extremely rewarding. with such a small...
LABS presents a very good entry near .84 gap fill. Canaccord analyst has revised the price target to $2.50 after EU deal announcement and the company continues to produce excellent news flow. Strong support in the low .80s. Gap above at 1.69. Positive MACD divergence. Sector is finally turning bullish. I like this setup.
Cannabis sector reverses this will reverse hard MM's left big gaps above that would see 3-4x return when descending wedge is broken. Low risk at these levels imo and very high reward. Currently depressed in a depressed sector that has huge growth prospects.
Looking at a potential low risk high reward play here.
Although i pointed out the previous bull run above, I don't expect anything close to that happening at all.
We are currently under a death cross and earnings are coming up, note it usually dumps at earnings after all-time-highs.
This is a company I am looking at long-term though so I will buy small at this...
What's in store for Q4 earnings? I have no idea. I do know that I like LABS a lot. As with my other favourites, solid fundamentals and high growth potential. Fell right through my target - I ended up buying twice - and then bounced nicely.
I am looking for a short term, sustained bounce towards $3.35 level, then gather some strength before moving higher again....
Why would a solid performer like LABS retrace close to 100%? Is this pure fear? It fell straight through my buy zone yesterday. Earnings coming up. I agree, it is a little speculative, but still?!
Hello Traders!
Today’s chart update will be on LABS – Canadian MJ – which has been trading in a clear regression trend, close to testing upper resistance, is a break imminent?
Points to consider,
- Clear bear trend
- Support provided by 50 MA
- Regression trend resistance to break
- Stochastics in lower regions
- RSI respecting trend
- Volume below average...
Just a simple play in an upwards channel
Only issue I have is is that there is rejection on the bottom of the channel.
Taking a closer look we see some bullish
divergence meaning it wants to go in.
I would not enter the trade until I see it enter back into the channel and it has a nice wick on the hourly indicating clear rejection of bottom of the...
