It's either a descending triangle or simply a downtrend channel but it's bearish short term. I'm happy to hear from other technical traders on this. Investors are getting killed and with countries worldwide going in full panic mode with this "deadly"??? virus, earnings and dividends will get flushed and the poor retired person will experience was dot com...
Traders are closing the week liquidating to cash which is currently safer than equities. "Best to not fight the tape". The trend is your friend. Would not short personally because the rebound, when it arrives, might be violent and after after hours or circuit breaker events. Many shorts were wiped out during the financial crisis blindsided by massive government...
Well, if there was any doubts that trading was much better than investing, this recent market correction certainly proves trading outperforms the investment "buy and hold" trainwrecks! Poor little retired investors who just saw their AC investments chopped in The chart I'm providing today is simple since I'm too busy trading that creating fancy charts. It's a...
Watching OGI for some time. They are the first of the top 5 producers to ship 510 vape carts to the market. This is a much better strategy than their highly packaged pre-rolls which are a waste of time and money. At $3.13 CAD or $2.38 USD and bullish trend pattern charts forming with strong support at these prices, maybe time to get back long on Organigram?
Watching $TRST. Waiting to re-enter long but this one is, like all MJ, controlled by the bears. Candlestick still shows this as a short but it's not a good short heading into 2020. All the sellers will be gone. One of the worst performer of the larger MJ stocks. Once the Health Canada issue is resolved, easy multiplier. Tax loss selling is almost over and it...
Well, watching the shorter 1m, 5m and 15 min charts, I need to take profits off the table back to neutral until the bulls really show up. Bounce players would not be overly convinced here until new short term resistance at 3.03 and $3.07-$3.08 is broken. We have short term support at $2.82. I fear that on any sector or market weakness, the bears will pie drive...
Short sellers are creating wonderful bounces on this name. Short term Bearish Flag was issued yesterday with target high $1.90-2.20 adding to the selling pressure with stop loss triggers at $3 is sending this down to retest the 52 week lows of $2.82 CDN. Oversold on the 1 hour timeframe and these generally creates a nice bounce. Grab your profits again short term...
Good timing for debentures conversion. Good stock to trade but take your profit quickly and find a safer stock to invest in. This one is 100% trade. 1,020,378,291 shares issued up to end of Oct 2019. Up from 400,088,035 just two years ago same time.
Traders should note the double bottom at 23.5 This is a speculative buy at this point but with chances we might go lower as confusion over $ZENA and Z$ENA.RT continues with investors and traders. Bears have been viciously taking advantage of the situation and rightly so. The last standing living mauled bulls aren't moving and a large group of new trading and...
On a trade, with the strength $WEED is showing off its lows, $ACB at $4.81 CAD looks good for a trade. Still getting a feel for the wider market but might jump in here on continued sector recovery or bull trap. We have some good chances to test resistance in the $5.10s before setting a new higher low.
Short term, the bulls have an opportunity to prove themselves today. If we finish above 72 cents on stronger volume, the bullish candlestick pattern will be confirmed and this stock will turn bullish from it's current bearish trend. Exp. Moving Average is provide a significance resistance and future support above 72 cents CAD. This is a major bullish reversal...
This is an interesting stock that gets exposure at times. A Royalty based Cannabis stock that claims to be the leader in cannabis Royalty partnerships. One would have to review filings to discover the possible potential or ... risk. The partners page on the website has disappeared. The charts are setting up for a highly positive turn around from these support...
WIth OGI closing 4.17 in its previous session, the white candlestick opened above the previous day's close and closed above its open. Similar to a Bullish Harami pattern but with the second day closing higher, which stops the engulfing of the white body by the preceding red body. Short term traders will wait for a daily pullback to buy into strength with higher...
Very bearish sector and stock. Highly oversold on 4 hour RSI which is usually a safe buy for a quick short term quick gains. Short term oversold traders are looking to get in. Momo short sellers have piled into this name since it's a weak US listed stock and easy target for wild swings both ways. Short sellers will also cover which suggest a short term spike to...
All the negatives appear to be built in. With 1/3 of the total production price to WTI in USD, BTE at this price has great reward to risk ratios. Too early to call a trend reverslaes but this is how they happen.
This is a nice speculative buy and hold at these prices given solid assets, downstream producer not very sensitive to the WCS/WTI differential, above 7% divi at these $4.88 prices. Could see further selling pressure as margin calls possibly intensify but nice setup here for a rebound based on oversold daily RSI and a STO wound up. Canadian Oil stocks are for...
Short term, the entire sector and market are correcting. Contrarian traders would pick up this gem here in the sub $10s. Don't expect quick profits as the negativity across this sector will have a negative impact on CannTrust Holdings short term. Remember, longer term, fundamentals take over. The market is reacting to overvaluations of WEED, TLRY, ACH and APH. The...
As traditional investors late to the sector start looking at fundamentals, they will notice this large producer doesn't run on grandiose future promises. They are producing 100,000 KG of kilograms and have proven themselves to be a conservative high capacity producer. With a market cap of just $1.07 B or $820M USD. Since TRST is generally available via the US OTC...