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ACB

SNDL a MJ penny stock in reversal from trend down LONGSNDL is shown on a weekly chart with a volume profile and VWAP band lines anchored back three years. Perhaps due to recent news of potential federal legalization or other catalysts SNDL is now above its pivot low. The EMA cloud ( periods 7, 21 and 42) is now green as lines converged into a zero slope and are now rising. Price is now approaching the first lower band line and will thus enter the fair value zone above the undervalued zone. A reasonable target is 7.0 where the POC line of the volume profile is confluent with the black mean VWAP line. The is more than 100% upside and will not occur quickly. Price may get spikes with marijuana-related news along the way. A sign the trade is going bad is if both the faster green RSI line and the slower black RSI line both go below the 50 level. The stop loss will be at 1.86 below the EMA cloud. Accordingly. the risk is $0.50 per risk. If only $100 is to be risked the trade can be 200 shares. Risk is off when price rises to $2.85 and the stop-loss is adjusted to the entry price. Beyond $3.00, the stop loss can be adjusted to a trailing 10-15% or the ATR. I see the last weekly candle as a Doji and so consolidation and price consensus making for a best entry.
NASDAQ:SNDLLong
by AwesomeAvani
OGI - a MJ penny stock upgraded LONGOGI got an upgrade from hold to buy and with it a target of 5.25 or more than double current valuation. The ballot iniative in Florida and legalization in Gremany are recent news. VP Harris seeks to make legalization an lection issue this fall while pushing for a DEA reboot on the whole cleassification of MJ. Prospects for growth seem more clear for OGI . I will take a long trade here with the National MJ Day upcoming this weekend. I will target the horizontal levels of recent pivots as drawn in black on the 60 minute chart.
NASDAQ:OGILong
by AwesomeAvani
OGI Swing Trades Continue More Volatlity from Fed News SHORTOGI has completed another trend up from the federal news about a push for legalization of marijuana as a handout from incumbents seeking another term. My recent idea on OGI as to demonstrate its suitability for high return short duration swing trades to add compounding into the profit and returns. The increased volatility due to the federal news only adds to the overall picture. I will short OGI here looking for price to fall to the area of the mean VWAP where I will reverse my position and begin to take a long position in increments at optimal entries.
NASDAQ:OGIShort
by AwesomeAvani
TLRY and its peers jump on high federal news catalyst LONGTLRY on the 2H sharge shows a draamatic trading response to the DOJ recommending the reclassification of marijuana. No much to the analysis = these will have momentum until it fades. I suspect good continuation plays here until mid -day on Friday when profit taking and sell-offs will dominate. Short sellers will take positions at the tops as well. In the meanwhile long trades are the low lying fruit.. The risk is a bit lessens by the surge from the news. Others include SNDL, OGI , ACB and the ETF MJ for those who like to spread risk across a basket of stocks. For the time being these stocks will be truly buzzed but do not be late. Stay home if you are.
NASDAQ:TLRYLong
by AwesomeAvani
12
CGC trade from bounce at fib level LONGCGC fell in a standard Fibonacci retracement of 3 week trend up from Mid-March. News of an application to issue a new class of shares may as well be considered a dilution of current shareholders. CGC is 5 days away from National MJ Day of the 20th. I expect a further pullback into the 0.618 level given the fundamental news but CGC could rally on trader interest regarding the notable day. My trade plan is to buy a pullback if and whne it finds support at 6.15 and then enter long seeking the target of 7.95 which would be a Fib 0.5 retracement of the trend down. I will look at other MJ stocks as well.
NASDAQ:CGCLong
by AwesomeAvani
4
ACB a MJ small cap set up LONG Aurora Cannabis on a 15 minute chart is sitting on the dynamic support of the second lower VWAP band in deep undervalued territory also below the high volume area of the immediate volume profile anchored back to April 11th. The Trend indicator shows bearish momentum has bottomed. The dual time fram RSI indicator shows RS values in the low 40s. ACB did have some bullish volume spikes throughout the previous session. Next weekend, is National MJ Day and a bit celebratory for stocks in this subsector. The backdrop of legalization in Germany and the ballot initiative in Florida both have relevance and importance. Vice President Harris is pushing the legalization as an incumbent seeking to be re-elected. All of this helps in ACB's fundamentals and projects for future growth. I see an upside of 15% to the recent high pivot and potentially beyond that.
NASDAQ:ACBLong
by AwesomeAvani
ACB a Cannabis Penny Stock LONGACB is moving of late due to the legalization of marijuana in Germany as well as the election referendum in Florida in November. It is the best capitalized of the peer penny stocks in this sector. Today from the low at the opening bell to the high before the NY lunch hour, ACB moved about 30%. There was both a long and short trade here. The options moved multiples. National MJ Day is April 20th. I expect these stocks to keep moving at least until then. ACB is getting support from the mean anchored VWAP line and is able to run with its bullish momentum to the second upper VWAP line before the shorts take positions and longs realize profits. Since ACB is now situated at the mean VWAP, it is set up for a long entry now.
NASDAQ:ACBLong
by AwesomeAvani
1
ACB Marijuana related volatility in a penny- SHORTOn the 2H chart ACB a penny stock appears to be heading down after an uptrend into VWAP band resistance. The HMAs have put ina death cross and the lines are downward and under the histogram. The dual time frame RSI indicator shows the lines falling through the 50 level. This stock offers shares under $ 1.00 each and also put options. It is likely not shortable so I will but put options and hope to have a fast ride with them. The stock target is the psychological level of 0.5 also confluent with the next VWAP line down. Is is a 8% drop in share price and would yield a good 50% or more on a 7DTE call option. If you are interested in my specific option setup in mind, please leave a comment.
NASDAQ:ACBShort
by AwesomeAvani
2
ACB Cannabais Peeny Stock with News LONGCannabis socks got a boost in the past day as the Biden administration seeks a reclassification of cannabis with the Drug Enforcement Agency ( DEA) This will likely give the entire sector some momentum. Here on a 60 minute chart, Aurora ACB is seen in a VWAP band breakout, crossing over the fair vlaue area of the mean VWAP accompanied on the indicators with confirmatory volume and volatility. On the zero lag MACD, the lines have crossed above the zero horizontal and above the histogram. I see this as an excellent long entry targeting 4.35 which was the pivot high after the last earnings. This represents a conservative 17-20% upside with potential upside beyond that price level given the potential impact of the federal news.
NASDAQ:ACBLong
by AwesomeAvani
SMG- it's spring time for SMG to make some green LONGSMG has good reason to trend up- the spring brings out consumers looking to get their lawn off to a good start and the rise in marijuana stocks on the run-up to April 20th and the recent legislative catalysts in Germany and Florida bring Scott's into focus as cultivators often use it in their soil-based and hydroponic grow operations. The indicators show price momentum and adequate volume to support a move higher. The predictive algorithm forecasts that move. I will take a long position here targeting 86, the pivot high of 11 months ago.
NYSE:SMGLong
by AwesomeAvani
Aurora Cannabis Up 44% Amidst Volatility in the Cannabis MarketAurora Cannabis Inc. ( NASDAQ:ACB ) has been soaring to new heights in recent weeks, with its stock surging by a staggering 44% on Wednesday alone. The catalyst? The appointment of industry heavyweight Paul McCarthy as the president of the Cannabis Council of Canada (C3). McCarthy, with his extensive experience at Canopy Growth, brings a wealth of knowledge and strategic insight to Aurora Cannabis, propelling the company further into the spotlight of the rapidly evolving cannabis industry. But what does McCarthy's appointment mean for Aurora Cannabis and its investors? Beyond the immediate boost in stock price, McCarthy's leadership signals a continued push for favorable regulations and industry growth. With his track record of driving corporate policy and international expansion, McCarthy's influence could prove instrumental in shaping Aurora Cannabis's future trajectory. Aurora Cannabis's ( NASDAQ:ACB ) meteoric rise isn't solely attributed to McCarthy's appointment. The company has been riding a wave of positive developments, including the Supreme Court of Florida's decision to allow recreational marijuana legalization on the ballot and Germany's move towards partial cannabis legalization. These regulatory advancements hint at a broader acceptance and normalization of cannabis use, opening up new markets and opportunities for companies like Aurora Cannabis. Moreover, Aurora Cannabis's recent acquisition of MedReleaf Australia for approximately $32 billion underscores its commitment to global expansion and market dominance. Coupled with a more than 5.0% year-over-year increase in revenue for the third financial quarter, Aurora Cannabis is demonstrating resilience and growth in a competitive landscape. But Aurora Cannabis ( NASDAQ:ACB ) isn't the only player enjoying the cannabis stock surge. Tilray Inc. and other industry peers are also experiencing substantial gains, reflecting the overall bullish sentiment towards cannabis stocks. With Tilray Brands (TLRY) witnessing an 18% surge on Wednesday alone, the cannabis sector is outperforming traditional indices like the S&P 500 and Nasdaq 100, further cementing its status as one of Wall Street's hottest sectors. The momentum behind cannabis stocks is fueled by anticipation surrounding the potential passage of a cannabis banking bill in the American Senate. This bill, already approved by the House of Representatives, could revolutionize the industry by providing access to mainstream banking services for cannabis companies operating in the US. Such regulatory clarity would alleviate the financial burdens and uncertainties currently plaguing many cannabis businesses, paving the way for accelerated growth and investment. However, amidst the euphoria surrounding cannabis stocks, there remains a note of caution. The volatility inherent in the cannabis market, characterized by sharp price fluctuations and regulatory uncertainties, poses risks for investors. While major developments like the potential rescheduling of cannabis by the DEA could further fuel stock surges, they also introduce heightened uncertainty and potential for market turbulence.
NASDAQ:ACBLong
by DEXWireNews
1
send $acb back to $1002024 has been very busy for NASDAQ:ACB - Aurora Introduces Medical Cannabis Pastilles for Patient Relief in Australia - Aurora Completes Final Repayment of Convertible Senior Notes Representing ~$465 Million in Total Repayments Since 2021; Cannabis Operations Are Now Debt Free - Aurora Partners with Script Assist to Provide Better Access to UK Medical Cannabis - Aurora Cannabis Announces CFO Transition and Completion of Previously Announced Share Consolidation when looking at the chart we can see obvious price discovery to the downside, and the last year of lows have come with heavy market selling. however on the plus side the buy pressure has been positive in the background suggesting someone is happy to scoop up the stock down here. its only a matter of time before NASDAQ:ACB picks up again given the company are now debt free :-)
NASDAQ:ACBLong
by TBTS
3
Swing Trading a Marijuana Penny Stock OGI LongOGI is a highly volatile penny stock in the marijuana subsector. It is too cheap to short It does have options. ( The strike $2 for 3/15 contract on Friday went 67% from the LOD to the high of day). On the 15-minute chart is shown my swing trading strategy for OGI. Each up arrow is one lot of shares while the red arrow is to sell a lot. The lot size can be number for example 1,20,50, 100. consistency helps the strategy. There are seven trades taken, three are completed while four are open. The three completed trades average 2.5 to 4 % daily return and compounding when the cash returns from settlement or new cash is deployed while awating settlment. There is no need for margin. The options strategy yields more than 10% per day for capital deployed into call contracts. The mass index indicator is used in lieu of a set of moving averages. The dual time frame RSI looks for an early warning of a reversal with bearish divergence and the faster RSI < slower RSI while the linear regression line in a reversal goes to a zero slope before becoming downsloping. This is an easy strategy with very little time and effort involved that can be scaled once experience and results demand it. This is an effective strategy to grow a small account in a short time. For those with significant math skills or who know how to use a scientific calculator. Calculate the number of trading days needed to 10X initial money when the account balance is compounding each session and the compound rate is 2%. ( This strategy will compound an account 2% per trading day if 65% of the account balance is in trade at any time with the remaining 35% settling or waiting in cash for the next trade- I have done this several times with a few mentees.) ( Post your result and I will private message you the calculation)
NASDAQ:OGILong
by AwesomeAvani
1
YCBD- another marijuana pneey stock lights it up LONGThe idea is on the 15 minute chart here- See also ideas for OBI, ACB, TLRY, and CGC Germany also is pushing full legalization. A new day is dawning? Several states are working on releasing minor offenders ( clemency and pardoning). YCBD is risky but the potential rewards are great. As for me, a fair position with a stop loss of 10% targets of 50%, 100% and 200%. I am in no hurry and will accept the cup and handle as being over a relatively short period of time and so not necessarily highly reliable. Nevertheless, i will chase some of the hottest things around- penny and low priced marijuana stocks. (Very) HOT until they are not.
AMEX:YCBDLong
by AwesomeAvani
MAPS a technology and marijuana penny stock LONGMAPS on 240 minute chart is now in a significant breakout with spiking volume and dramatically increased relative strength. The breakout was caused by the news that the Biden administration and specifically VP Harris will now push to legalize marijuana and take it off the DEA's controlled substance schedule which if legislated and enacted will buttress the Biden/Harris ticket and help the marijuana sector free itself of certain regulatory encumbrances which will invigorate related stocks. MAPS is a fintech app that includes advertising and helps users locate and compare dispensaries. I added 200% to my existing position with the news. I will add another 100% if price can get over the trendline it sits under and stay over it for a day. My other holdings in this subsector OGI and ACB have have the best 2 or 3 days in a long time. Will watch for signs of a momentum fade but continue to add to positions in the meanwhile.
NASDAQ:MAPSLong
by AwesomeAvani
1
"Aurora Cannabis: Short-Term Bearish, Eyes Massive Bull Run"Analyzing Aurora Cannabis Stock: Tight Compression Forms Massive Falling Wedge Aurora Cannabis stock, a prominent player in the cannabis industry, is drawing attention from investors as it undergoes a significant chart pattern characterized by a tight compression formation from a six-year retracement, resulting in a massive falling wedge. Despite recent attempts by bulls to break out, the stock faced rejection at $1 and is currently breaching short-term support levels. While we advocate for long-term accumulation, short-term projections suggest a potential shed of 10 cents per share, presenting an absolute buy opportunity. Let's delve deeper into what Aurora Cannabis stock represents and its current market dynamics. Understanding Aurora Cannabis Stock Aurora Cannabis is a Canadian cannabis company that specializes in the production and distribution of medical and recreational cannabis products. With a focus on innovation, quality, and sustainability, Aurora Cannabis has established itself as a leading player in the burgeoning cannabis industry, catering to a diverse range of consumers and markets. The Tight Compression Formation The tight compression formation observed in Aurora Cannabis stock is indicative of a period of consolidation and indecision among market participants. This compression has formed over a six-year retracement, culminating in the creation of a massive falling wedge pattern. Falling wedges are bullish reversal patterns characterized by contracting price ranges and declining volume, typically signaling a potential breakout to the upside. Recent Breakout Attempts and Short-Term Outlook Despite recent efforts by bulls to break out of the falling wedge pattern, Aurora Cannabis stock faced rejection at the $1 level, highlighting the presence of strong resistance. The failure to sustain momentum has resulted in the breach of short-term support levels, indicating a period of uncertainty and potential downside pressure in the near term. Accumulation Opportunity While short-term projections suggest a potential shed of 10 cents per share, we believe that Aurora Cannabis stock presents an attractive long-term accumulation opportunity. The fundamental strengths of the company, coupled with the growth potential of the cannabis industry, position Aurora Cannabis for success in the years to come. As such, investors may consider utilizing the short-term downside as an opportunity to accumulate shares at favorable prices. Conclusion: Navigating Aurora Cannabis Stock In conclusion, Aurora Cannabis stock is undergoing a significant chart pattern characterized by a tight compression formation and a massive falling wedge. While recent breakout attempts were met with resistance at $1, the breach of short-term support levels suggests potential downside in the near term. However, we view this as an opportunity for long-term accumulation, as the fundamental strengths of Aurora Cannabis and the growth prospects of the cannabis industry remain intact. Investors should exercise caution and consider their risk tolerance when navigating the short-term volatility of Aurora Cannabis stock.
NASDAQ:ACBLong
by UnknownUnicorn2319099
3
TLRY is it still a buy? SHORTTLRY dropped from a Head & Shoulders in the winter into the lows in June and July with a lot of trading and accumulation as shown by the volume profile and its POC. Today TLRY took off for a big gainer of a day. But why and can it continue, The 5-minute chart shows plenty of volume support for today's move. The 4H chart shows a scorching rise into the third standard deviation line above the mean VWAP anchored into the earnings date two weeks ago which was a miss. Fundamentally, TLRY has been buying shares of BUD and other beer brewing or distribution companies. If i were an investor, I would be concerned. TLRY should focus on its core product and get good at making cash and not burning it. While the MACD is still bullish and the mass index indicator not yet triggering a reversal, I see a drop happening from the pop. Fundamentally TLRY does not deserve the level of enthusiasm that it received. The EFT MJ had a big uptrend for the day then printed a bearish engulfing candle on the close as traders took their profits off the table. In consideration of all of this, I think TLRY is a very safe short trade. I will zoom into the 5 minute time frame and go short from a high pivot. expecting a 10-15% return for the remainder of the week as the flush or at least drop kicks in especially from inexperienced traders buying in while TRLY is running high without reason into the greatly overbought zone. I suppose it could pump from a short squeeze instead of leveling out and dropping, so my trade will be small and risk constrained. Is you have any alternative idea why this rose so much please let me know!
NASDAQ:TLRYShort
by AwesomeAvani
3
Can TLRY continue the momentum and is the news buyable ?TLRY jumped 10% in two trading days following the announcement of "gummie beer"" by its subsidary Sweetwater Brewing. Traders who trade TLRY seem impressed and that is what counts. Objectively, a gummie product containing alcohol seems to be a nonstarter given regulatory hurtles and then marketing of familiarity. No doubt users could titrate the desired effects as easily as liquid alcohol consumption. The chart of TLRY is not the best. Price has surged to the overvalued zone of between 2 and 3 deviations above a mean VWAP anchored last week. That is to say it may be overbought. The indicators are okay showing relative strength in two-time frames over 50 but under 80 while the MACD K/D lines are rising and parallel. I will add this to my watchlist for now. I am not yet ready to take a hit.
NASDAQ:TLRYLong
by AwesomeAvani
3
ACB Aurora Cannabis Long SetupOn the 4H chart ACB has dropped out of a head and shoulders pattern list winter with high volume into a downtrend with lower volume now into support / demand as shown by the Luxalgo indicator. The anchored VWAP is also trending downward with support at the minus 1 and minus 2 standard deviations. The volume profile shows the majority of the recent share exchanges have been at the $0.65 per share area. If price rises above that POC line of the profile, ACB will get the attention of new buyers while short sellers will begin to cover thus causing buying pressure and momentum. I will buy a sizeable quantity for perhaps $1-2K shares once price gets over that POC line. Prospective buyers will consider this to be a reversal confirmation. I will be one of them. The first target is the volume void at $0.79 or about 25% with the other target being one standard deviation above VWAP at about $.90. Stop loss will be set at $0.05 below the entry. For profit insurance I will hedge with a single put option contract at a strike of $0.70 with a 90-120 DTE to diminish risk at a minimal cost.
NASDAQ:ACBLong
by AwesomeAvani
TRLY Undervalued / Fed Fix Long SetupThe 2H chart on TLRY shows a volume profile showing the highest concentration of shares traded at $2.65 or about 15% above the current price. Short sellers dominated there. Price has descended down onto the support/demand zone. It is near to tow standard deviations below the mean VWAP and so very undervalued. Federal legislation intended to remedy the cannabis industry's issues with banking, commercial loans and other financial liquidity has begun. This is huge for this subsector and could cause a breakout from the deep undervalued territory. I will take a long setup here for a decent amount of shares and hedge with a single put option for risk management/insurance. ACB is similarly positioned.
NASDAQ:TLRYLong
by AwesomeAvani