[TLRY] 2021 Cannabis Market Roundup: TLRY and APHA Lead the Way!Cannabis feels so meta sometimes.
TLRY leads a 10x market run and then collapses to the worst performing Cannabis company in 2021 lol.
Man APHA definitely getting the short end of the stick here haha but they'll all make plenty of money slangin drugs together.
Wish I had done a mashup like this a long time ago, lots of fun data.
Here's how I've been betting it:
1. APHA/TLRY (TLRY was my #3 before the merger)
2. CGC
3. ACB
4. OGI
I threw in GRWG and CLVR here too.
GRWG is the shovels and pickaxes of this Green Gold Rush.
CLVR a new entrant that looks promising.
I have some other minor stakes but these are the Gems.
TLRY/APHA leading the pack with OGI coming out of left field recently to supplant ACB and CGC.
With OGI finally blowing up, that makes CGC the best value play right now. At similar value, CGC much better company than ACB.
Lookin to pick up another load around $23-$26 and we're back on the hunt for that double top ;).
APHA and TLRY are priced pretty well here, OGI lookin pretty overpriced. Rest are underpriced.
ACB
Possible H&S on Hourly & DailyLooking @ the hourly charts we see a textbook H&S formation. We've already broken through support at the neckline. We could be looking to previous support around $11.
The bullish perspective would note the MACD reversal, signal over EMA, with the uptrend on RSI. Significant volume would be needed for trend reversal. Also look for shrinking negative momentum on the MACD histogram islands to indicate the bottom. Either way, play the trade with caution as the H&S appears.
Not financial advice, just my perspective. You decide what to do.
ACB back inside the lower rangeThe EW for this asset is neutral right here. This implies that investors are divided, and we need to rely on TA for clues on direction.
Post earnings, fell back inside the lower range, after rejection at the bottom of the next range up. Some overhead resistance marked on the chart. Lets see what next week brings. New Jersey is likely to pass the legalisation bill next week. Could be a catalyst for the industry.
Remember, traders:
1. technical analysis
2. market psychology (elliott wave charting)
3. risk management
A man without a plan, is not a man!
ACB Earnings show improvement. Finally.Above $13.32, this wave could be in play. If she rallies, upside targets marked with FIB extensions. Lets see what happens today. Technically, I don't want to see it lose yesterday's low.
Which Cannabis Stocks make you more High..?It is obvious in the last 6 months a new trend started in most cannabis related stocks and most of them rewarded Theron shareholders with decent rewards..!
The front runner so far was sundial grower with +440% gain in last 6 months followed by Tilray, CNN, and Canopy.
In my view sundial and CANN can reward their shareholders with higher profits not because they are fundamentally better companies, but because of their lower market cap..!
The question is what kind of experience are you looking for???
This is just my technical view, and I wrote this because I see these stocks gaining momentum..!
I don’t promote any cannabis consumption by any means..!
Moshkelgosha
ACB Extended wave 5?In line with the broader industry, looks like (iii) is in, here? Remember, Elliott Wave tracks market psychology. It doesn't predict the next move. Any wave can extend at any point in time. At the same time, any impulse wave can suddenly become part of a larger correction. Don't get greedy.
I am expecting consolidation. A significant earnings beat could (maybe) send this into a parabolic recovery.
Earnings today. Good luck!
[CGC] Will be Loadin up Before Next Uptrend CrossThis is now my number two long term growth pick, recently supplanted by the winning APHA/TLRY combo. Still a better company than ACB by a good margin. OGI best value and ACB next best value though, these two been in the trenches for most of 2019 relative to the overall industry.
HEXO and SNDL still strugglin but holdin up OK, also great value there but much riskier. CRON has been very quiet but holding at a steady level at least.
I'm really loving my IIPR, YCBD and VFF pickups from a few months back too.
Kickin myself for missing GRWG, waiting for better value now.
[ACB] Up Up and AWAY... Really Hopin' for It to Stone Though!Wow ACB is still really undervalued here. Gravity still strong, for good reason too, TLRY/APHA is crushin the game right now with CGC not far behind.
Really hopin for this competitive pressure to keep the lid on prices and maybe even drop it back down, most likely value pickup here although there's a lot of great players on the scene right now.
CLVR is my new Value Sweatheart... get it while the gettins good. It's about to join the Green Gold Rush here.
It's drug dealin though, plenty of room of ACB to thrive although even OGI lookin to take it's place in the rankings.
Had a lot of great FOMO runs with this stock, should be plenty more ahead!
OGI (OrganiGram Holdings Inc)OGI is a Canadian Cannabis company. Covid slow down has obviously hurt the business for OGI . Ontario and other major provinces are now getting licenses out faster to people so this could provide a catalyst. In addition to this the blue wave, and NYC's Cuomo's positive comments about cannabis have me willing to take a shot on this. Monthly levels of interest are marked with green lines. Falling wedge in the process of playing out I am aiming for somewhere $3+ longer term.
Tilray and Aurora Cannabis trendlinesYou can see on my mentoring sytems with zoom and tradingview two cannabis stocks. This is very good opportunity. Stoch and Rsi is overbought.
Another before the breakout. :)
ACB - best Cannabis stock for LONG.What do I expect from $ACB (Aurora Cannabis Inc) this week? ☘️☘️☘️
This big triangle is almost ready for a breakout. He was formed throughout all 2020 so it's a start of a big move.🤑
Today we are on 12.80$ price line - the same price was in Oct 2016. And we did +60% per week: from 12.70$ to 21.85$.
✅We have a bullish cannabis sector.
✅We have a golden cross on D chart.
✅We have a bullish pattern on the chart.
I think it's one of the best options on the cannabis market right now.
TLRY ( Tilray , Inc. ) ZYNE ( Zynerba Pharmaceuticals Inc ) also looks nice! but I see 🚀INSANE🚀 potential in this/next week in ACB .
Thanks.
$ACB Ready?Friday provided an excellent entry for a trade. Get ready for that double top, but don't count on a deep pull back. Wave 3 of 3 of 3 commencing, and those take hold anywhere they want.
Don't invest. Play. This is a shit asset.
No Need To Overcomplicate ThisMy key level is $13 which we broke in after hours. If it continues to rally $15 is a very realistic/conservative target. If we get more positive news this will easily get to $20. Very bullish on this pattern as well.
ACB Primed For Breakout Before EarningsACB looks primed for a breakout after breaking it's wedge to the upside, which I believe it will close above today. There's also ~18% short interest which could result in a considerable short squeeze. I believe ACB could run to ~$20 or higher during this run, with much of the run before earnings next week. I picked up March 19th $20 strike calls for <$1 today in case there's a prolonged/exponential move to the upside.
$acb daily updateBounced off the 20sma yesterday. Another higher low. Larger symetrical triangle setting up here. Im long the 2/5 11.5c
ACB - A Follow UpI'm happy nobody has sent me death threats yet. Being careful with ACB, not even bearish, but just neutral, is clearly more dangerous than being openly gay in a Newborn Christian community. What's up with that, folks!
As you can see in this chart, ACB looks incredibly strong here. But earnings is coming. How many times have they sold us lies?
All I am saying is to be careful. Yelling at me won't pump the stock. Remember, stonks only go up.
ACB Buying Restrictions. BE CAREFUL NOW.Garbage company, and the only ones buying, are now blocked from buying.
robinhood.com