Apha
TLRY Bear Break -10% Profits already!Dear Cannabis Sector friends!
In our previous TLRY idea we had asked ourselves: Can TLRY repeat what EOS from crypto space did already? (See the link below)
The answer is: Yes . And this is the beauty of Technical Analysis: No matter where you go, which market you wanna play, human psychology never changes.
A beautiful descending triangle gets broken bearish, which was the most likely scenario -with 10% profits already.
We have now reached the previous lows at 70 psychological and could definitely see some bounce going from here, since Hourly RSI is completely oversold. Also, always check correlation to sector leaders like CGC, CRON, etc.
But should we keep going lower: You should be very comfortable with your trigger under 75,25 at the latest.
Also key takeaway from here: We had broken the ascending bearish trendline earlier, and only after the price level break, we saw the flush incoming. While trendlines work good in the stock market esp. on bigger names, in crypto/cannabis space & with lower volume names, you always wanna see the Price Action & S/R level breaks.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online education & tools only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
The Cannabis Sector is coming!Hello my dear Cannabis sector fans, but also to my usual Crypto friends: Pay attention now!
The legalization of Cannabis is coming from left an right, and obviously, what had started in Canada, will not just stay there. The US is the next huge market, and after that comes Europe.
Some of the Canadian Cannabis companies have seen huge run-ups already, but this isn't the end. We are currently far from normal legalized consuming.
So: Once my course comes out, I intend to do much more analyses to the Marijuana sector! Stay tuned :)
Give it a thumbs up so other traders will see this important information! :) Comment it if you have another info or just want to tell your opinion! Make also sure to follow me so you get notified on my Crypto & Cannabis Analyses! I wish you a good trading! :)
Edgy is providing online education & tools only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Climax Top. Entry 1/4 Position TomorrowMarket Cap
2.86B
Enterprise Value
1.94B
Price/Sales
484.27
I think it is getting a little too far ahead of itself at this point. The Cramer pump is suspicious, especially considering the timing.
The reason I'm only adding 1/4th is because the momentum is still strong, and it could rally up to $20.00.
Weed - RSI Overbought, hitting previous resistance at $65Weed - RSI Overbought, hitting previous resistance at $65. I was wrong with my short at $58 level. Short interest went up 4x from jan 1-16th, shortdata.ca. Earnings is Feb 14th, so I am on sidelines and will wait post ER. If spy breaks over 270 next week, weed can go higher! FOMC is Jan 30th. Holding $TGOD shares from 2.99. Safe trading!
Weed - Hit .618 Fib level, pull back on 4 hour chart to $55Weed - Hit .618 Fib level, pull back for higher low. Look for back test $54.62 on 4 hour chart as support. RSI overbought, good news about hemp facility in NY. I will wait for support level to buy more shares. Picked up some TGOD for long hold last week at $2.99. Good luck!
Narrow Trading Until BreakoutWill be trading in a narrow range until it breaks out of top or bottom.
14W BULL RUN! 4H, Aphria's Hostile Takover Offered $11 A Share!29 December Aphria chart being updated for the final time. A Bull run is on the horizon.
Made sure all angles in the downward wedge were the same. The result updated the timeline.
I hope this new will break us out of the descending wedge the stock is trapped in.
LONG,12H, APHRIA, APHA HOSTILE TAKEOVER NEWS = BULL RUN!!Cleaned the chart up from the original chart I posted a couple hours ago, came back from a break and noticed I built the 1D chart...never zooming into the 2 hour view. Real ugly.
Anyways it's pretty self explanatory!
January - March Forecasted Prices, Aphria, APHA, 1D CandlesHere are the price points I calculated based on the descending channel we are currently in.
The overall view takes into consideration the starting point of $1.26 with the high of 18.65. I then moved the chart to March to see where the average price was(gray dotted line down the middle. Triangles fit within the descending channel and helped me calculate the 5th Elliot Wave.
APHA - if puts out a good rebuttal and earnings Jan 2019APHA long started on Dec 5-6. Always had the worst PR, but they've built something good. Edibles laws should open the way for food and bev partnerships into 2019 if rebuttal is solid.
Aphria is forming an ascending triangleAphria is tightening up in an ascending triangle. Above resistance has been tested on the initial surge and weakened enough for a break thru. My short term target is at $9.36
APHA looking for a daily higher low above 4.76Aphria is likely to form a tightening equilibrium, the break of which will likely be determined by how SPY breaks
APHA dumps more while investors wait for company responseIt's now been three full trading day and Aphria still has yet to challenge head-on the allegations of a short seller who put together a compelling storyline. The only response so far has been to dismiss the claims, and this lack of response has seen the stock lose half its price in three days.
In this video I discuss where I see the short term action heading, some comments on my last video, and why I would not recommend friends or family investing in Aphria
APHRIA price crashing after credible allegations levelledAPHRIA is under a short attack, and down 40% in two days after credible allegations have come out about fraud, stealing investors money, and dilapidated international facilities. I have no way of knowing if these allegations are true or not, the truth is probably somewhere in the middle, but the video is very damning. The short seller took a flight overseas and did boots on the ground due diligence, gave a 47 minute presentation, and took questions form the audience.
Aphria hasn't responded to the allegations and their stock price is crashing as a result, and will likely continue to until they can stand up and give credible evidence to refute the allegations.
Please watch this video, whether your in APHA or another stock in the sector, so you are aware of what's going on and make your own decisions. Keep in mind this drama is a millstone on the entire sector, and other names in the sector are having correlated bearish reactions to this problem facing Aphria.
www.youtube.com
TGOD - BREAK UP or DOWNDear Traders,
Let's have a look at TGOD.
Price dropped like a dead mouse before, but TGOD did create a nice bounce which I predicted in my previous TGOD TA.
Now the question is will it create another run, or will it drop to a lower low.
Looking at the chart and the indicators there is more reason for it to drop then to break out if i'm being really honest here. RSI shows bears are in control, so does the MACD Histogram. Price action should break above 3.71C$ in order to show that the bulls have taken over power. However, if the bulls can't maintain to support at 2.98C$, then we will see another drop to around 2.84C$ and if that doesn't hold, 2.45C$.
Let's see how this will playout on Monday. Really good news would enable the bulls to breakout, but without news, and with the sector falling, TGOD might see another drop sooner than expected.
Keep your eyes on the charts!
If you have any questions or any thoughts, feel free send me a PM or to comment on this TA!
If you'd like to join my Discord Channel to talk about stocks, share knowledge and have a laugh then please send me a PM so that I can link you to it!
Take care!
APHA remains weakAPHA remains the weakest long term chart in the sector but some weird price actin Friday caught my attention
APHA remains the weakest name in the sectorAPHA confirmed the daily bear flag, while the rest of the sector is still holding key support - but the bulls don't have my confidence it will hold.
APHA key levels first thing tomorrow is the low of today, and the high of the recent daily bounce.
S: 11.86
R: 13.75
HEXO - Looking BearishDear Traders,
For those who want to make a nice gain with a short position, you found your target!
Hexo announced in the papers that there will be delays due to a lack of inventory.
In other words = they have a shortage of product = Bearish News!
Friday shows a red candle going through the 100 Moving Average (6.24C$) meaning support didn't hold, and the next support will be located around 5.69C$, 5.22C$ (200 ma) and 5.08C$.
Let's see how this will play out on Monday. But Bears took control.
Keep your eyes on the charts!
If you have any questions or any thoughts, feel free send me a PM or to comment on this TA!
If you'd like to join my Discord Channel to talk about stocks, share knowledge and have a laugh then please send me a PM so that I can link you to it!
Take care!
APHA surges on Jeff Sessions' ResignationBig move today following a tweet buy President Trump that he has accepted the resignation of Attorney General Jeff Sessions
twitter.com
This came after a clear hourly bear break across the sector singling some daily consolidation was coming, but this breaking news clearly sidetracked that plan and delayed consolidation for at least a little while. I am closely watching for the hourly trend to change as the daily chart is very over extended right now
Key levels for tomorrow:
S: 16.03
R: 17.33
APHA fails to break daily inside barAPHA has another inside bar on the daily. Watching key levels first thing tomorrow
S: 15.11
R: 16.09