Or maybe a descending triangle. Time will tell per usual.
Pot stocks have gotten really really ugly over the last few months. APHA reported another strong quarter and it gave a lift to the sector. This name focuses solely on CBD and no THC products. They have real distribution of their products. Technicals starting to look good as well. This and CRON are my favorite two names.
Charlotte's Web is KING in CBD space. Looks like a nice consolidation and now really oversold. Not sure if this is the start of next leg up but MACD and RSI looking favorable. Tried to get into next channel this morning but didn't hold. Pot stocks getting a bid today in general so not sure what to make of this. Feels like it got thrown out with THC producers...
Cannabis stocks may have formed somewhat of a bottom, large to small cap stocks are generally surging today, in what has been a terrible day within the markets. Close watch should be kept on CWBHF for a strong reversal. Company profile Charlotte's Web Holdings, Inc. engages in the production and distribution of hemp-based, cannabinoid wellness products. Its...
$CWBHF Now Trading Above All 3 Major Moving Averages $CWBHF is one the most well-known cannabis plays for investors. As we look for a rebound in the sector, quality names like $CWBHF will rally first. Charlotte's Web Holdings Inc., founded by the Stanley Brothers, is an industry-leading pioneer and the world's leading brand by market share in the production and...
Hello Traders! Today’s chart will be on CHARLOTTES WEB HOLDINGS, a pot stock to keeps your eyes on! Points to consider, - Overall trend bullish - Price respecting upwards trend line - Bulls testing major resistance - RSI respecting downwards trend line - Stocks showing downwards momentum - EMA’s providing price support but looks weak - Very low volume...
This is the first weed stock that I've looked at, and will be watching. I have a family member who received a "tip" that Charlottes Web Holdings has tremendous upside. I have not yet done any DD on this OTCBB stock, but I like the looks of the chart. It appears to be solidly trading in between the limits of the pitchfork I have laid out, and is currently on what I...
Oops :) forgot CWEB
Long trade setup looking very bullish. Fundamentals and technicals align for a nice trade opportunity. Indicators have reversed and remained positive. Good risk reward on long above $17 Wait for a MACD cross possibly to confirm bullish sentiment COMPANY PROFILE Charlotte's Web Holdings, Inc. engages in the production and distribution of hemp-based, cannabinoid...
Checking out the US MJ sector for the setups heading into tomorrow and the slowly shifting momentum on the hourly charts
CWEB could give us an hourly equilibrium which might be a great setup from which to attempt to play the weekly higher low
Clear as day. If you take a long position now don't say I didn't warn you
Bulls are hoping for a daily inside bar tomorrow, bears are hoping to break today's low tomorrow on increased volume to get through this high volume node currently supporting the price
After the May selloff, CWEB has broken the downtrend line and started forming a series of higher lows and higher highs. Based on that and that it is against the 20EMA, I am long targeting a move to the previous higher high (Around 24.5) and if it goes past it then to the target 2 which is roughly the distance that it moves from the previous impulse up (around 27).