Abbvie
99.9% down from ATH. A play for biotech catalyst investorsRegenerative medicine company developing novel placenta-based cell therapy products.
The Company has reported robust clinical trial data in multiple indications for its patented PLX cell product candidates and is currently conducting late stage clinical trials in several indications. PLX cell product candidates are believed to release a range of therapeutic proteins in response to inflammation, ischemia, muscle trauma, hematological disorders and radiation damage. The cells are grown using the Company's proprietary three-dimensional expansion technology and can be administered to patients off-the-shelf, without tissue matching. Pluristem has a strong intellectual property position; a Company-owned and operated GMP-certified manufacturing and research facility; strategic relationships with major research institutions; and a seasoned management team.
ABBV: Swing trade opportunityABBV took a sharp dip with the recent news, but at the end of the day, they will just grow bigger. From a technicial analysis stand point, ABBV remains ina decending wedge, even with the sharp decline in price. Lower risk entry would be confirmed brakeout above the wedge. I may be interested in a swing trade between the .786 and .382 fibs. This could potentially yield a 35-45% profit.
Kalytera - Huge potential here !Dear Traders,
We finally see some movement on KALY yesterday, this stock was forming a huge bullish divergence and I was just waiting for spike in volume to confirm this, and here it is. Im expecting Kaly to make a nice run due to good news and also due to the longterm potential this stock offers.
I'm in at 0.110 and another entry at 0.095 to average down. Let's see what Kaly can bring to us today ! Im smelling news coming soon !
What are your thoughts ?
HEXO - Reversal Coming ?Dear Traders,
As we've seen HEXO didn't manage to break out and create a run, which isn't a big deal because I only would have entered a trade if I had more confirmation such as Volume and Momentum. Instead, we got a retracement, which is about to reverse in my opinion.
Have a look at the chart, as we can see we have a lower low price wise (RED ARROW) but in the RSI we are looking at a higher low (GREEN ARROW). This is a Bullish Divergence and this could give us an indication that this downtrend is about to reverse to an uptrend. HEXO is a well established company and they're future is bright.
The Bullish Divergence isn't the only thing I see on the chart, I also see that we have some support trace by a horizontal red line. This might just be a perfect entry to enjoy a reversal run.
This run will encounter Resistance points at: 6.83$ / 7.00$ / 7.37$
Keep an eye on the charts on monday, this could be a nice little rid if the bulls are pushing enough.
Any Thoughts?
WEED - Bearish DivergenceDear Traders,
As we can see WEED managed to make a nice run, but as I said yesterday, better not enter because this is a time bomb. And guess what happened. It dropped, and in my opinion it's not ready to go up for some time.
This bearish divergence happens when we have a new high, but RSI shows us a lower high.
It's time for a big retracement people.
Any thoughts ?
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ACB - Showing Bearish Divergence !Dear Traders,
ACB had another run yesterday at the opening but as predicted a huge sell off happened. I hope you followed my advice to not enter any trades yesterday.
We can see that ACB shows us a Bearish Divergence on the weekly chart. We got higher highs, but the RSI peaks showed us lower highs. Bulls are exhausted and we are now entering a consolidation period.
Any thoughts ?
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TGOD - Bearish ChannelDear Traders,
As we've seen before, my Support line didn't hold and TGOD's price broke underneath it creating a newer low.
Even with the great news, TGOD received the 16th of October, the bears are still in control, But for how long?
The bulls have to pierce upwards from this channel in order to show that they are back in business. Until then, TGOD's price will continue to drop.
If the bulls succeed in breaking upwards, or next resistance points are:
5.83C$ (55 ema, and also our 0.5 fib level)
6.17C$ (100 ema)
6.96C$ which is the 200 ema.
Let's see how the bulls will do this week.
Any thoughts?
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Aurora - How far can this go before a drop ?Dear Traders,
The Cannabis industry has been exploding prior to the 17th of October, ACB is one of the stocks that is going up fast! But how long can this go on ? RSI is overbought on each frame, and macd is going to cross downwards also.
PLEASE BE CAREFUL FOR A MASSIVE BEARISH SELL-OFF ! I'm not saying this will happen, but the reason why I say this is because of experience.. Buy The Rumor, Sell The News. Tomorrow is news day. Just be careful. Best thing to do is, if you haven't entered into ACB, WEED or any other booming stock, don't. Wait for a retracement and buy the dip.
WEED - How High Can It Go ?Dear Traders,
Like ACB, WEED had a great run yesterday and a lot of traders have been able to make good gains!
The question everyone is asking now is, how far will this go ???
Well that's a pretty difficult question o answer because this stock could retrace any time, but it could also pop up another 5% before starting a retracement.
My trading strategy here will be to wait out the sprint, it's too late to enter again in my opinion. I don't want to be left with a huge bag bought way too high.
One the Cannabis stock have retraced i'll load up my bags with a lot of shares.
Any Thoughts ?
Trulieve - Bears are in controlDear Traders,
Trulieve enjoyed a small 4% run after it broke out of the triangle, after this a lot of selling pressure occurred, as this stock is quite new on the market, we can't tell much yet. For example, there is still no 55 ema showing, no 100 ema and also no 200ema. Once these indicators will show up we will be abel to tell more about trulieve price action and most importantly, trulieve's future!
Any thoughts?
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Thanks !
TGOD - Going Bullish Soon ?Dear Traders,
For those who entered TGOD at 3-5 C$ I hope you could enjoy some great profits from this stock. I was so thrilled to see it go down as it did. Finally, we reached the Buy Zone! Traders are jumping in creating more Volume compared to previous days, and TGOD is now attacking the 100 ema, and after that the 200 ema ! Those lines are the resistance points we need to keep an eye on if we enter a trade here. Right now TGOD's bulls are trying to breach the 55 ema, which could happen soon.
So, what are you thoughts ? Time to buy ? Wait for lower price ?
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Thanks !
Aurora Cannabis - What Now ?Dear Traders,
Yesterday was a pretty weird day for ACB, we expected a run, we got one, but it wasn't as powerful as we hopped. I new All Time High (ATH) got created tho, but the question is, is there more to come
Reviewing the Chart I decided to trace some lines to see where wee are at. As we all can see Our RSI is still above 50 but for how long ? Our MACD isn't ready to cross upwards yet so this makes me feel like this price is going down more. Towards the 55 ema (blue line).
If the bulls manage to open with a nice bump it would do some good to this chart, but if we open with a downtrend, that 55 ema is imminent. I personally enterred a position yesterday hoping the bulls would create a run-up last minute but that didn't happen and my stoploss is set but not hit yet. Let's see how this plays-off today!
If the 55 ema get's hit, do make sure to look at what the MACD is doing and where the RSI is at before making an entry.
We are now inside a bearish channel and the only way the price will go up is if the bulls manage to breakout of it.
For now i'm Neutral regarding Aurora but with some luck and some good volume, we could see something good coming out of this, but that ain't certain at all.
My opinion? stay out until further notice.
WEED - Technical AnalysisDear Traders,
Let's have a look at WEED (Canopy), since it reached it's new ATH, WEED has been retracing back to the 55 ema (Which is a common thing). But the question was, will that 55 ema hold, well for now it does, but this week has been very volatile.
As long as we stay above that 55 ema, we are in a bullish mood/trend.
If we succeed in staying above the 55 ema, our next target will be the 0.5 fib level that serves as a huge resistance for WEED. Bulls have tried multiple times to breach it but without success. And until that 0.5 fib level hasn't fallen, we won't see any run soon.
Any thoughts ?
AUXLY - Techincal AnalysisDear Traders,
After a 116% run, AUXLY is arming it self for a new breakout. Price action is above the 55,100 and 200 ema on the hourly Chart, which is bullish. The MACD just crossed downwards, which should be bearish, we will know soon. If AUXLY's price manages to stay above those EMA's, I would enter a trade. That 200 ema looks like a perfect entry point.
A breakout above 1.25 would confirm that this is a bullish trend. BUT that 200 ema must hold.
About Auxly Cannabis Group Inc.
Cannabis Wheaton Income Corp is an investment and merchant company. It seeks to provide investor returns through streams and capital appreciation in the cannabis industry of Canada.
TILRAY - Tecnical AnalysisDear Traders,
After TILRAY's crazy 92% run, it was time for it to retrace, and it did. Now that TILRAY has found support at the 0.382 fib level, we need to think. There are 2 possibilities here, or we retrace down to the 200 ema (which would be logic), or we have found enough support at this fib level to start building up again.
I drew a green line marking a resistance line, and TLRY needs to breakout of it before turning bullish again.
A good entry would be the 200 ema on the 1hr chart.
What are your thoughts ?
ICNA - 55 EMA BattleDear Traders,
ICNA is in a battle right now, the 55 ema is the battlefront. If the bulls achieve in breaking above it with Momentum and volume, we might see another run towards the 0.5 fib level, that is a key resistance.
GTEC - 200 ema entry point?Dear Traders,
A little update on the GTEC stock.
Our MACD shows us a Bullish Continuing Divergence, which is a bullish sign. This combined with the 200 ema being close, I'm expecting a bounce off from that 200 ema located at 1.08$. This might be a very good entry point in my opinion, but, if you are entering I would choose your stoploss carefully.
I'm saying this because on a GTEC Bullboard, i saw some negative messages coming by such as : ''recent press release said they lost an expansion because the city voted no. also they just applied for an alberta sales license, I work for the AGLC, this process takes 4 months.''
People are saying it's price will drop under 1$ blablabla... This could be to create FUD, so that they can buy cheaper. I'm only relying on TA.
Fud is something you come across on each forum about a stock unfortunately.. I didnt find any official press release backing up the negativity this person said on the bullboard so let's see how this plays off.
TRULIEVE - Technical AnalysisDear Traders,
We don't have enough data to predict what so ever, for now, the only thing we can do is draw the lines and see how this will evolve over time.
There is a lot of hype around this stock so anything could happen.
About Trulieve Cannabis Corp (TCNNF) :
Trulieve Cannabis Corp. operates as a holding company. The Company, through its subsidiaries, engages in the cultivation, possession, sale, and distribution of medical cannabis. Trulieve Cannabis offers its services in the United States and Canada.
ABBVIE - Technical AnalysisDear Traders,
ABBVIE looks to be on the edge for a breakout, the MACD shows a Bullish Hidden Divergence which backs-up my LONG position.
Any thoughts ?
About Abbvie:
AbbVie, Inc. is a research-based biopharmaceutical company, which engages in the discovery, development, manufacture and sale of a line of proprietary pharmaceutical products. It is focused on treating conditions such as chronic autoimmune diseases in rheumatology, gastroenterology and dermatology; oncology, including blood cancers; virology, including hepatitis C and human immunodeficiency virus; neurological disorders, such as Parkinson's disease; metabolic diseases, including thyroid disease and complications associated with cystic fibrosis; as well as other serious health conditions. The company was founded on January 1, 2013 and is headquartered in North Chicago, IL.