There are a few things I want to focus on from the article above:
Company Revenue Gross Margin Operating Income (Loss) EPS
Canopy Growth (NYSE: CGC ) $62.3 million 22% ($117.9 million) $0.16
Aurora Cannabis (NYSE: ACB ) $40.6 million 52% ($60.1...
It looks like a reverse pattern. It got beaten down after disappointing earnings. They spent a lot of money and investors did not like it. It is spending just like all the other MJs. They have a very good number of patient and good sales growing numbers.
The RSI is low.
Buy with a limit at 13.2 and a stop loss at 9.2.
Fibonacci was right last year. Why would he be wrong this year? If you still have a position, use the next jump to look for an exit. Canntrust will be interesting again when it has shown some healthy consolidation, and shown that it can solve the challenges it faces at the moment.
Low of Friday is a line in the sand for bulls to keep the weekly bull flag scenario in play. Hourly trend has changed, bulls now need to change he trend on the daily to try to play out the bull flag scenario.
TRST bear break on the daily got no follow through and now we're in a tightening range. Watching for a break tomorrow on volume to tell us that break is for real and has momentum.
Keep in mind the past 10 weeks have been an incredibly bullish market environment, which is perfect for MJ bull runs to thrive in. We've been seeing weakness for the past few days and...
TRST is forming a nice bull flag and I could see this being quite profitable if it breaks out higher. Currently riding on the 10 MA, sticking within the bullish zone between the 1st and 2nd std dev bollingers, and the 200 MA above that could spark buying if broken.
Still a long ways to get on the positive side of the ichimoku though.
Entering with a small...
Looks like TRST might make a break out of this descending wedge. Decent risk reward however need to be careful with 1st post legalizing earnings coming out in the next few weeks from many cannabis companies.
Currently waiting on TRST to break and hold 26 EMA on the Daily chart.
Volume is decreasing on the downtrend and running out of steam.
RSI is getting higher lows with lower lows on the candles.
I'm looking for volume to continue lower, and thinking the pink descending wedge will continue to play out further.
I'm going to put buy orders in at 6.51 and 6.02,...
This small float stock moves with only 100,000,000 shares out P/E 45.0 and 13,000,000 of revenue CannTrust stepped up its game and giving Aphria a run for its money. APHA has more than double the shares outstanding @ 232,000,000 and only 13 million in revenue. TRST Is a bargain! plus tons of patients and planning on uplisting on the NYSE. Short Term target price of 11.
TRST earnings are in an hour and have a good chance of being well received. However, a recovery of both SPY and the recent WEED dumps will help TRST regain some of it's former stock price. Currently, it has completed a large bear flag and it is likely that it is the left side of an inverse head-and-shoulders pattern. An entry point tomorrow would be an excellent...