Investing in cannabis stocks has been a rollercoaster ride, with fluctuating values due to legal, regulatory, and market factors. Despite volatility, the future looks promising as legalization continues in various regions. Motivation lies in the potential growth as the industry matures and gains wider acceptance, leading to increased market opportunities and...
Investing in cannabis stocks has been a rollercoaster ride, with fluctuating values due to legal, regulatory, and market factors. Despite volatility, the future looks promising as legalization continues in various regions. Motivation lies in the potential growth as the industry matures and gains wider acceptance, leading to increased market opportunities and...
There are alot of similarities between mushroom and Mj markets - pop offs and cool downs. currently alot of distractions from this market, but should have big opportunities going from $3.00 to $20 in the next two years
Canopy Growth Corporation (NASDAQ:CGC) announced on Wednesday that its board of directors has approved the consolidation of its issued and outstanding common shares based on one post-consolidation common share for every ten pre-consolidation common shares.
The consolidation, which was previously approved by shareholders at their annual general and special...
This $2.30ish level really does look like first stop. Boy if this ever hits $14 again I'll be in Generational type level wealth. I will probably sell everything at $2.30 like a dumbass. Good luck.
Looking to reverse into a possible uptrend. It is trading again way below valuation and the initial spike in price and volume is a good signal for strong bull action.
If you're looking for a casino play with very high risk then this one may be for you.
CGC did probe below the 0.786 but not by too much and is back inside the Golden Window.
Considering that the previous pump was 403%, if there is another wave up with will likely be enormous and perhaps even the start of a major uptrend.
Its very dangerous though and may just...
Analyzing the options chain and the chart patterns of CGC Canopy Growth Corporation prior to the earnings report this week,
I would consider purchasing the 1.50usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $0.06.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
No idea what fundamental would fly cannabis to previous highs, but I can see one technical scenario where that happens. May be worth adding end of December / early January. I am expecting a bit more correction on lower timeframe but not a new low.
Hello friends.
I made a good profit from the initial announcement that weed stocks would be rescheduled because I foresaw a news event like that occuring and purchased a position in weed stocks before anything happened. Then I sold near the top, since the trade has become crowded, and now I am waiting for a good entry point again. I think that another big...
Looks like it could be a textbook retrace after the gut wrenching rally that took this from 0.30 to almost 2$.
Looking for a short term upswing back to the 1.00-1.40 range
Recent few day trend is up, and currently heading down to a higher low support level.
Will get in when I feel it's found its support.
Do your own diligence though.
A lot of big money and buying volume behind this surge. The short float was very small meaning this was not due to a short squeeze but rather a reversal due to the stock being heavily undervalued. Trade with caution, personnally i am holding a good position and will be holding this until a potential recovery to 4-5 $ which would be a fair value given their current...
Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC) today announced that it has ceased funding BioSteel Sports Nutrition Inc. ("BioSteel") and that BioSteel has commenced proceedings under the Companies' Creditors Arrangement Act (the "CCAA") in the Ontario Superior Court of Justice (Commercial List) ("CCAA Court") and will seek...
NASDAQ:CGC - REKKKT
This is not supposed to happen before factor X (luck?).
IMO I think I did with the analyzing solid job. Please, no matter how small thing it might be. Let me know in the comments to improve
I'll walk you through my thoughts:
The Canopy Growth Corporation hit it's bottom on Fri 07/14/23. It fired up those Dank fueled rockets to head outer...
CGC chart literally looked like a waterfall since it broke $1 support back in February. But, since Aug 29 after the US health department recommendation the stock along with all MJ tickers just shot up to the moon. But, here is my issue with the chart pattern: the move up from July 17 to July 30 is 3 waves. That makes me think this current price action is a...
