WEED/CGC suffered some heavy profit taking today but held above the consolidation area. Will watch closely how price acts as it pulls back to my buy zone because I don't think the party is over yet at least not for this name.
APH.TO took a hit like the rest of the sector a day before Can legalization, but looks to be one of the stronger ones. ie. its chart is not completely damaged like most of the names. APH, WEED/CGC and ABC.TO held up the best. If price holds above the triangle a run to the high 20's is possible.
GILD just broke the ichi cloud and heading toward a break out point. Money has been moving back into heath/bio stocks. Never completed the three drive of my previous post but looks strong here.
TBT Broke out of long term consolidation. I have been watching this for a while( See Previous post). Treasuries are falling and yields are rising. This is something very important to watch.
PAT.V looks good for a long in the 1.80 area for a push to all time highs. Would not chase as I expect a pull back in small caps here.
Seeing a lot of these charts in the Canadian Oil and Gas names. May be time for Canada to play catch up.
WTER has a potentially strong business even without the cannabis angle. Could be the Canadian version of NBEV. Want to see it hold the green zone then move up with high Vol.
BIR will probably pull back at resistance here, but I expect will eventually break out to at least the top of this channel.
Liking this for a re-test and then move to the upside. Good chance for Canadian energy names to make a move here.
Have been watching BXE base (See Previous post) and its finally come to life with good news in the BC LNG sector. Could be a multi bagger if the sector gets going. Canada is very over sold right now. Two strong volume days coming out of nice basing pattern.
Yields rise = Treasuries fall.
PHM Broke out from a C/H base with nice vol. This small cap on the Canadian Venture might be worth a look.
TLRY has just entered my resistance zone. Only a crazy person would short this right now, but I'll be watching for topping action in the coming days. Might be some profit taker going into the weekend especially with the huge sell off in other names. The TLRY advantage getting Germany is probably over estimated.
GWPH closed and high of day on a very red day for many pot stocks. The medical aspect sets this one apart. Will watch for follow through especially if the MJ stocks bounce tomorrow. Must watch top of triangle for resistance.
FLY.v Is one I have been watching for a long time. Liking the volume trends here. Watch for some sort of announcement there may be something in the works. Any good news out of Boing or Airbus related to there flight tracking tech. could make this one rocket.
Was stopped out a while ago when GOOS looked like it was holding gap support but sold off lower. Now it has bounced off my previous buy zone and looks good again. Want to see pull back for better RR entry. If it keep going I will wait for a break of ichi cloud and and re test before entry.
CGX Liking this one in the 31 area. Has based and broken downward trend line and is above the 200 SMA. Want to see it test and hold this area. Would be an add to my position account.
BOOT held gap support on Friday and closed at the high of the day with a nice pin bar/hammer.