Very significant bullish day across the sector. If your name didn't react *cough IAN cough* you have to ask yourself why it wasn't participating in such a clear, sector-wide bullish day This is the first time in a long time we have seen the sector react like this as a whole We continue to see the shifting momentum and the hints of bullish momentum sneak up more...
Very significant bullish day across the sector. If your name didn't react *cough OGI cough* you have to ask yourself why it wasn't participating in such a clear, sector-wide bullish day This is the first time in a long time we have seen the sector react like this as a whole We continue to see the shifting momentum and the hints of bullish momentum sneak up more...
US MJ sector updates Remember many names have earnings in the next two weeks
Many names in different setups, still very few to have changed daily trends. Lots of earnings this week could ignite a shift and give us daily trend changes
Watching SPY to see if recent all time highs were another failed breakout, and sending us back down to test our weekly and monthly higher low at 273, or if this ius healthy consolidation before the bulls continue their steady march back to all time highs
CURA CWEB TRUL OH CL MMEN IAN HARV GTII Many names, like Canadian counterparts, =have clear resistance lines the bulls must get over in order to shift momentum. Time to make a list and group names that are strong, and are weak, and if you have free capital, this list can help you figure out where to deploy that for best returns. If your favourite name is...
CGC CRON ACB APHA TLRY VFF HEXO TGOD OGI Clear lines in the sand that bulls must get over to shift momentum on the daily charts. So far only VFF has done so If these resistances break, zoom out to the weekly charts, we're just looking for weekly lower highs.
So many US MJ names have a weak daily candle with a long upper wick. You can compare names across the sector by their daily candles. CURA HARV stand out stronger, GTII and CL stand out weaker standing out weaker
Lots of daily inside bars on watch tomorrow, of which bull breaks will have us looking for some bounce continuaiton and bear breaks would have us looking to confirm the daily bear flag and drop to lower lows
Oops :) forgot CWEB
Viewers can divide names into two baskets of bullish names and bearish names to compare each tickers performance against its peers.
Major Canadian LPs continue to lag behind their US counterparts as the sector leaders broke to lower lows and some of the middle-tier companies saw oversold bounces. VFF remains the strongest daily chart in comparison with its peers, but is not a particularly strong chart on it's own
Many names have been consolidating for months at this point, some longer than others, but we're looking for monthly higher lows on most names. We had some shifting momentum on the charts this week as the hourly trends on some names have changed bullish but remember we are still just looking for daily lower highs. The bulls won't prove anything to us without a...
end of week roundup of our fav Canadian names, looking at the weekly chart on down to the hourly
Checking out the US MJ sector for the setups heading into tomorrow and the slowly shifting momentum on the hourly charts
Updates on the major Canadian names in the sector
Some names are getting crushed and very extended, we can anticipate the liklihood of short term bounces to set lower highs. bears are in full control all around