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Cannabis

Sundial MT (February 2nd 2021)Sundial (SNDL) (February 2nd 2021 through 2022) Low: $0.56 - $0.60 High: $2.09 - $3.30 - $5.22 This is one I have been watching for a little while and found an excuse to chart it last night with Cindicator asking questions about for a forecast. As it's a cannabis company stepping out of its first gnarly bear market into a world of expanding marijuana freedoms, I have reason to believe this will be very bullish in the coming year or 2. Potentially will exceed my fibonaccis by a couple golden multipliers if the bearish reactions aren't too severe for each new notch Sundial goes up. Definitely a good penny stock to watch for the future, potentially great opportunities here. Most of my fibonacci price action makes sense (to me) and leads me to believe this could be 1 potential working fibonacci setup. The paths are a little bit messy but just gives a general idea of price action I expect to happen. It could happen or slower than I expect it to as well, many things to watch out for but I only hear of more and MORE positive cannabis news in Canada and the USA. In my opinion, the USA's MORE act will help immensely when things really get rolling if it happens like I think it could. Potential cup and handle forming in this chart? If the next few months go "parabolic," I would definitely look for any short term selling points around $5.22 to re-buy at slightly better profit just under, maybe near $3 or $4. Even that scenario might not happen perfectly but I will be watching this one closely in the future if I can help it. Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
NASDAQ:SNDLLong
by Hambooger
SNDL SUNDIAL GROWERS INC huge upside potentialHere is when i told you that is a buying opportunity on Sundial after the retracement: Sundial Growers engages in the production and distribution of flower, pre-rolls and vapes. It operates through the following segments: Cannabis, Ornamental Flowers, and Corporate. Zenabis Global Inc. said Friday it has entered a revolving credit agreement with a Canadian private debt fund for up to C$60 million ($47 million) that it will use to refinance more expensive debt held by Sundial Growers Inc. (marketwatch.com) If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
NASDAQ:SNDLLong
by TopgOptions
13
[TLRY/APHA] Get in Sub-21 Before PRICE Goes Up Like SMOKE! B)-~APHA was my #1 Cannabis play going into this year based on the fundamentals and it's held up very well, still my #1 long term pick today (along with tangential Cannabis play IIPR). That was followed by CGC and ACB with TLRY coming in at #4. Now with my #1 and and #4 plays merging and largely rounding out their strengths and weaknesses, it is an even stronger #1 by a factor of 1, maybe 2 over each CGC and ACB. Amazingly, TLRY is still dirt cheap sitting at 3% of it's $300 peak a year ago lol. Price is even UNDER its IPO and BELOW its Value Channel here (magenta). Seems impossible it goes under $2 now so max temporary downside is very constrained. TLRY now the Best Value Cannabis Stock out there supplanting long reigning champ OGI, which is my #5 play overall but quite underpriced ATM relative to the market. I'm lookin to scale in most my position before $21 and watching it float up like smoke!
NASDAQ:TLRYLong
by ProfitHarvest
11
Tilray Rally As Georgia Runoffs Signal Democratic SenateMarijuana Stocks Rally As Georgia Runoffs Signal Democratic Senate Tilray, Inc. surge on hopes Democrats' win in Georgia could spark US legalization Tilray, Inc. surged on Wednesday following the early results of Georgia’s key Senate runoffs that could open the door to federal cannabis reform. With Democratic candidate Raphael Warnock claiming victory in his race against incumbent Sen. Kelly Loeffler (R -GA) and Democratic challenger Jon Ossoff winning his race against GOP Sen. David Perdue, Democrats took control of the Senate. That fuels hopes that prior roadblocks, including refusal on the part of Senate Majority Leader Mitch McConnell to bring cannabis reform bills to the chamber, could be removed to move legalization efforts forward on a national level. the change of Senate control would catalyze constructive changes for the sector. Democratic control of the Senate, “could help provide better access to capital, alleviate operating headwinds, and help drive industry growth.” more moderate reform could come first, perhaps in the form of a modified Strengthening the Tenth Amendment Through Entrusting States (STATES) Act, which could allow cannabis companies to access traditional banking and financial services and alleviate burdensome federal taxes. “To the extent that the industry is presented with an opportunity to lobby for either of these measures, we would expect a consensus to form around the STATES Act over the MORE Act,” she said. finance.yahoo.com Key to that growth will be the speed in which states that voted to legalize cannabis set up policy frameworks, and at a federal level, which policy proposals receive the largest attention from legislators. potential reforms range from mild banking reforms through the SAFE Banking Act, which would allow the industry to tap traditional financing and banking, to more progressive agenda goals like federal decriminalization and criminal expungements through the Marijuana Opportunity Reinvestment and Expungement (MORE) Act. A combination deal could also be pushed through. With New Jersey legalizing through a ballot initiative this November and New York increasingly looking likely to follow with legalization, according to New York Gov. Andrew Cuomo’s State of the State address. finance.yahoo.com
NASDAQ:TLRY
by AlenCiken
ACB: 1 Week Analysis Hints at Strong Upside PotentialHello All. Aurora Cannabis is starting to catch eyes of many. After a major year in 2017, ACB has had a rough last couple years with the price falling as much as -97%. The charts are showing the blood is behind us and blue skies ahead for the cannabis industry in the upcoming years. With the recent election of Joe Biden, the house and senate are now both democrat. They have the ability to easily push through any bill decriminalizing cannabis. With more decriminalizations throughout the USA. This is a positive push for cannabis stocks all around. More legalizations, more users, more profits for companies like ACB and TLRY. In addition, the supply of cannabis products has been declining the last few years. Higher demand means higher supply is needed. If higher supply is needed, production is going to have to ramp up. Now on to the technical side. Just by looking at the last 2 years, we can see by using candlestick analysis, the price action has been curving around forming an obvious bottom. In the recent months, ACB has came off its lows starting to revive back into its big volume/liquidity zone around $10-$20. The price action has been forming a bullish pennant since September of 2020. That bullish pennant has broken out and confirmed that breakout (retest) in the recent weeks. 12$ is a big resistance zone for ACB. The price is currently flirting with that level as some positive news was released today. Aurora announced an agreement with Great North Distributors Inc. for Canadian retail sales execution. This creates less resistance for ACB to get their products to their consumers. Using the Fixed Volume Range Profile tool, we can see that the last BIG volume resistance zone is around the $20 price mark. Once that is cleared ACB share price can see a similar movement as we saw in 2017. This potential large price increase is due to the lack of volume & liquidity throughout the $22 to $50 price range. This also can be referred as a liquidity void. Lastly, looking at the relative strength index (RSI), we can conclude a multi year down trend has been cleared and held in the recent months. It is now stretching past the 50 zone which is an easy indication of a bullish or bearish trend. Thank you all ! Please share your thoughts below and like this post if it meets you well.
ALong
by traderview2
7
Going Long on $JUPWWith the entire MJ sector on fire with Democratic leadership for the next four years, $JUPW sure has been lagging quite a bit. I believe it is ready for its next gap up. Technicals look good and I expect the entire cannabis sector to really heat up until federal legalization- which I see coming in the next two years or so. $JUPW is an extremely undervalued stock. I'm going long with a limit sell order at $7.50, the previous 3-month resistance. GLTA! I am not a financial advisor, please make sure to do your own due diligence before investing.
JLong
by ClargyInvesting
Swing Trade: 🌿Cannabis stock on the heat! TLRY Breakout RunHi fellows, just one of my today swingtrades: Nice setup for breakout in NASDAQ:TLRY . Cannabis stocks are set up for nice run after Gorgia senate election. ------------------------Trade setup --------------------------- Entry: 11,35 Stop Loss: 10.66 Profit target: 13.50 Time stop: 5 days ------------------------------------------------------------------ If you like the idea, do not forget to support with a 👍 like and follow. Leave a comment that is helpful or encouraging. Let's master the markets together.
NASDAQ:TLRYLong
by Tomasgei
1
Bellrock Brands on verge of potential breakout. There has been a noticeable shift in cannabis stock sentiment over the past 2-3 weeks and some of the top market cap charts that had been forming bottoming/basing patterns recently are now showing breakouts, or are on the verge of attempting a breakout. BellRock Brands is one of the lower market cap cannabis stocks that looks to be on the verge of a breakout based on two chart patterns as well as bullish technical indicators. A move above .18c with conviction, and on volume, would be bullish in the short-term and likely lead to a move near .30c before any significant selling materializes. No entry for me just yet, waiting to see the breakout above .18c in the chart first which is recommended for trend/momentum trading. Entries can be made here in the expectation of a breakout, but tight stop-loss orders are recommended in the event of a reversal. I'll likely share an update on Friday after markets close for the week, or if a significant change in price occurs.
OTC:DXBRFLong
by PrepForProfit
MJ Analytics generates six figure sales increaseMJ Analytics, an Akerna product built on Domo's modern BI platform, generates six figure sales increase Within less than 90 days of launching MJ Analytics, the platform has generated a six figure increase in sales and helped clients reduce manual reporting workflows by 90% through the use of scheduled reports. With a 95% positive product feedback based on recent surveys, MJ Analytics is proving its value as a first-of-its-kind actionable insights product. Since launch, MJ Analytics has: Processed a total of 5.1 million queries Averaged 3.6k queries a day with peaks of 20k queries during month ends Signed up 40 clients for Premium Analytics, through either a trial or paid subscription finance.yahoo.com New Year's Eve Marks Biggest Cannabis Sales Day of 2020 The Christmas holiday period (12/18-12/24) generated $427 million . Traditionally, the Friday preceding Christmas is the biggest sales day of the period. However, this year the Wednesday before Christmas (12/23) saw the most significant bump in sales with a 76% increase in daily sales. Totaling $87.3 million, the Wednesday before Christmas was the third-largest sales day of the year, only slightly behind Green Wednesday with $87.4 million. Previously projected to see depressed sales due to an anticipated decrease in group gatherings and parties as the result of COVID-19 restrictions, New Year's Eve exceeded all expectations. The year-end holiday saw approximately $89.4 million in sales, easily surpassing Green Wednesday and becoming the biggest cannabis sales day of the year. finance.yahoo.com
K
by AlenCiken
$SNDL...high chance of a jackpotSundial growers has been getting a lot of volume these past two months, even having a day where it achieved 2billion volume. I believe this will result in a bull run for sundial. After breaking out twice, and finding support after each break out. Sundial has extremely high potential to repeat this pattern and beat the previous break out high of $.98 cents. There’s a ton of catalysts for this company that ALL point towards positive price movement. let’s start off with the fact that sundial has cleared all debt, this is great looks, having no debt is a big deal. Almost zero cannabis companies have no debt. This speaks for itself. Sundial has a very low market cap compared to other cannabis companies. Tilray, Auroa, and Cronos group have market caps of 1billion +. I believe that sundial has room to grow its market cap, to around 1billion. If you research sundial’s website they offer a wide array of great cannabis products, which they are constantly improving. Sundial is trying to make stronger thc potentcy in bud which is a great sign of strong future growth and progress. With Biden being elected, the house looking at the PACE bill, the culture right now with marijuana, and a stimulus check around the corner..marijuana industry as a whole is just a ticking time bomb. I think sundial has the best profit potential. Price target 2.5 long
NASDAQ:SNDL
by benarcotta