balanar_NS

balanar_NS

Good evening traders, $AAPL released earnings tonight and $SPY gaped up after hours. With that said, I am still VERY bearish for $SPY. We are still yet to test the December lows. After a 5 weeks of a bull run, $SPY needs to breathe. It needs to retrace in order to exhale. I have been day trading $SPY recently because it was just so easy to identify the support...

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I have been studying $FB for a while now, awaiting for the proper entry. One thing I found on the daily charts in the past months/years, $FB highly respects the 100MA. I have been waiting for that pullback to the 100 MA. These past 2 days, I finally see it! 2 candles, wicks are on the 100 MA. Today is Thursday, I feel that today and the next day the price of $FB...

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Good morning traders! It is now 0145hrs EST in Canada. I recently started trading ETFs for close swing trading(ie. in the trade within a few days). With that said, the chart in the past few days showed a rising wedge after a price drop. With the rising wedge, the volume had a decreasing trend. This divergence indicates that this short bullrun is about to come to...

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Good afternoon traders! I have been studying some intra-day strategies lately. Based on the chart above, 258 was my outlined resistance level. The price needed to close above it but it did not. We also see doji candles and the decrease in volume as the price consolidates here in the 257/258USD region, hence why I believe we are due for a reversal. The market...

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GOOD morning GUYS!!! WOW... JUST WOW!!! As I have previously mentioned in my previous postings with respect to ACB, my outlined resistance and support levels remain the same. As we can see, we have seen 5 bearish candles this whole week for ACB... reaching my target support level, which is part of the ascending triangle that I have previously outlined months ago....

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This is simply beautiful. I have the same patterns, resistance, and support outlined since September 2018. Lower ascending blue line is the lower portion of the ascending triangle I have outlined. ACB hits 6.19CAD at low and climbs back up with a rising sun candle pattern. It's possible that we see a reversal pattern from here. I wouldn't be surprised if we see a...

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As many of you have been following my posts, I am well invested into ACB (favourite CAD pot stock), PYX (favourite USD pot stock), and XRP (favourite crypto coin). Since this post is about NBEV, I will keep my analysis related to the pot market. From a big picture perspective, we are still experiencing bearish sentiments from the legalization day(Oct 17). While...

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Good morning everyone!! This would be my third post providing TA and some FA with regards to my favourite stocks/crypto. XRP being my favourite in the crypto space. ACB in the Canadian pot stocks. PYX being my favourite US pot stock. Let's get down to business. As per my previous posts, the US elections will be a catalyst to another bullrun for the MJ sector....

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Good morning traders!!! As many of you who have been following my posts, I have been a strong XRP advocate. I have always been a strong supporter of it and I truly believe that XRP will lead the crypto world one day. On to the politicals, we see that ripple has partnered with many institutions in the past year. As the year went on, we were on a bear market that...

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Good morning everyone! The stock market has never been so exciting! With the elections going in our favour of legalizing cannabis in the federal level for the US, I speculate that the bullrun for this year is not yet over. On to the technicals, I still stick to my previous chart patterns and previous lay out from my Aug/Sept post. We just bounced off the 70% fib...

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I am still keeping the same drawing patterns that I had posted a few weeks ago and I still stand firm with what I know that the chart is telling me. I said previously that 13.48CAD is our resistance line and we CLOSED above it last Friday... leading into legalization week... I see the price hitting the next resistance point at 14.89, which is the highest golden...

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As technical traders, we always enter and exit trades from a technical perspective. It's the whole reason we look at candle stick charts and draw trend lines all over it. On to my personal trading, NBEV has definitely caught my attention. As one of the stocks that is riding the cannabis legalization hype, it's been reported in many social media news that cannabis...

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Hey guys, I am just following up with chart for my ACB analysis. We have been very bullish. With the q4 financial report out, it was mentioned that ACB had a high revenue return. With that said, we look again at the same chart that I posted weeks ago. My analysis remains the same. The last 3 daily candles are confirming candles that is above the 12.25 CAD...

balanar_NS Updated 

Good morning everyone, Looks like ACB is consolidating hard before it goes up for a price jump. All of the top Canadian top pot stocks have risen past their previous high(heheh see what i did there?) with the exception of APH and ACB. With regards to ACB, it has already broken through the first downward resistance line. If we close above 10 CAD this week, we...

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Good morning Traders! The last candle on Sept 14 had a low of 52.8CAD. It landed right on the 61.8% fib tool. This usually signals that the stock has "breathe", and it is ready to continue going up... meaning the bull run is not over yet. WEED's new all-time-high reached 74.45CAD. It is currently sitting at 61.52CAD at the time of writing this idea. Moving...

balanar_NS Updated 

Welcome to my analysis.. I have done an analysis before for WEED. I am doing an update now for this week. . on to the good stuff: Fundamentals: Ok guys. I just read a couple of articles that was recently shown here in tradingview... they bear FUD-ing news. It's stating that Canadian cannabis companies are not a good investment. Let's see how the traders will view...

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This is just an update from my previous analysis. The candle's wick from yesterday landed precisely into the region that I highlighted as its support. Now we need to see a few more candles of reversal or would it melt lower to the 8.11 region. Once it hits the 8.11 price point, I will wait for a reversal candle and then buy in!

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Good evening everyone! I have been mainly focused on finding some gems in the healthcare stocks division. With all the marijuana stocks making some noise, I sought out other healthcare stocks that could have potential gains. Of course, before I even bother reading the chart, I always go through a little bit of fundamentals. I need to see if this particular...