Potential Dragon Pattern for TSX:ALEF.
Anatomy of a Dragon Pattern
A - Head of the Dragon
B - Formation of the first leg
C - Hump (must be 0.38 to 0.5 of AB)
D - Second leg (can be 0.618 to 1.27 of AB)
Looks like this criterion is met. I have written the potential targets for this.
Dynamic Gann Box helps with this setup as well....
I have decided to help make a more in-depth analysis covering CSE:LHS since the stock is fairly new. The chart above is where we are currently sitting, which is on the bear side of the gann box but we will get into that later.
How I start drawing Gann Boxes:
Use the dynamic Gann box tool and draw from high to low or low to high;
Configure the settings to show...
TSXV:RIV appeared on the screener for MACD Crossover play. Looking further into trade setup we can see that it found similar support as back in early January with the exact same indicator buy signals.
MACD Crossed over
Stoch and RSI at healthy levels
ADX curve has a fantastic trend strength
Wave trend oscillator showing a buying opportunity just a few days...
TSX:PEY appeared on my screener for a MACD crossover play. I applied Gann box and it looks like we are coming up on a critical point with the potential for the move upwards.
I have shown the 48 Day periods which is part of Gann's 192-day cycle to see if there are any points of reversals and it lines up pretty nicely. It appears that we just passed a 48 Day point...
With the Cannabis sector on a decline we have a nice triple top pattern forming. Once TSXV:VIVO breaks through the neckline, the potential bullish bat play will be out the window. If we break through and retest the neckline then we can expect to see a move to the downside in equal distance as from the neckline to the top. I am not one for shorting but I am waiting...
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...
TSX:ALEF has now ACBD Pattern setup and is forming a bullish triangle
ACBD Pattern Criteria has all been met:
Point C formed at least at 61.8% retracement of AB leg;
Point D formed at least at 127.2% extension of AB leg.
Point D can also occur at a distance not greater than 161.8% of AB or an extension of 138.2% to 161.8%.
TSXV:JWCA is an underrated cannabis company with tremendous upside. First lets dive into the technicals and then look at the long term for this stock.
Looking at the Fibonacci retracement from the swing high on Sept 19, 2018 to the swing low on Dec 21, 2018 we can see that TSXV:JWCA broke and closed above the 50% Fib Level.
If we check back to the beginning of...
PXT came up on my screener and I wanted to share some ideas about a possible breakout strategy.
My first attempt at looking at Fibonacci levels. So please shoot me some messages on how I can tweak this a little better.
Firstly, we are in an uptrend and currently trading above 180 & 200 Day EMAs with good fundamentals....
Similar play here as with Canopy Growth when Constellation Brands bought in on August 15th.
Huge trading volume of 63 million shares yesterday over the news of Coca Cola interest resulted in a trade halt this morning.
As like everything in this sector, rumors cause the share price to go haywire. Will be waiting for a...