Cannabis
Why Is KSHB Going Up While Most Pot Stocks Are Getting Slammed?KSHB has been one of just a fine few pot stock related names that has actually gone up. So what's the deal? The company’s stock price struggled throughout September, decreasing 60% on a massive drop during trading hours on September 26th. This was due to the company announcing a direct offering for shares at $1.75 per. This cannabis company is comprised of several industry-leading companies. This includes one of the largest producers of vaporizer products and packaging, Kush Supply Co. Furthermore, it owns Kush Energy which provides hydrocarbon gases and solvents to the cannabis sector.
"The direct offering was valued at $30.2 million and is expected to close relatively soon. Investors must have found this offering promising because today, on October 1st, the marijuana stock is up 11%. Could this lead to a strong and promising October for investors after that rough September?"*
*Quote Source: 5 Penny Stocks To Watch This Week
Stock: KSHB
TNY Updated Chart.It appears as though tny may be trading in a ascending triangle. It's clearly noticable on the rsi as well.
The 30-45 day estimated time frame for Tinley's two canadian LP's is fast approaching. Sunday would be 30 days from the previous news release. A Friday or Monday news release would be likely & timely for some sort of announcement in regards to this topic. Anything else like LBF licensing early or a new product would be left field & unexpected at the moment.
It's worth mentioning that Tinley will be utilizing the standard operating procedures, blueprints and other IP gained during the buildout of their own facility to help its prospective Canadian partners with their own bottling plant buildouts.
In other words, the several years of design, engineering and construction work, enabled by learnings from the real-world sales and market experience that Tinley has gained as a Company through their Phase 1 and Phase 2 facilities, will be given to these two Canadian LP's under some sort of agreement beneficial to both parities.
“With a first-class production and sales team in place, Tinley is well-positioned to help third-party CPG and lifestyle brand owners extend their offer into the growing cannabis beverage market, in the same manner as our team has done for over 100 such brands globally in the cola and wider beverage industry,”
said Ted Zittell, director of the Company.
Time will tell per usual.
GROW LongBroke out of descending wedge today, daily stochastic and RSI crossed out of oversold. Nice rebound from support in low 0.20s. Weekly candle looks like trend reversal, very few shares for sale and bids stacking up. Next few weeks should be good!
Hopefully see 0.40 again soon. Health Canada clarification October 17th for use on cannabis and new contracts being signed in the near future!
A new eraThe power of social media influence will drive the Ignite brand over 100% before Danny B takes some Belfort heat.
Inverse Head & Shoulder?RSI is trading in what seems like a ascending triangle as well.
Interesting.
TNY Update. RSI is low on a 1 year chart.This is the same chart as my previous, just zoomed out on a 1 year time frame to give a better Macro picture.
What appeared to be a descending triangle on a smaller time frame in the chart linked to this post, still visible on the 1 year chart as well, was exactly that.
Now it appears TNY is getting ready to break through this "potential" Ascending Triangle & create a new higher low! Some news would help, and these are "some" of the "potential" news releases to be expected in the upcoming days, weeks or months ahead.
-LB Licensing
-Nevada Partnership
-Phase 2 equipment moving to Nevada
-Co-packing Clients (2 done, 6 in negotiation, and likely more coming)
-Expansion of LB with new bottling lines because of too many co-packing clients
-Canadian LP partners
Time will tell per usual.
CGC buying the for LONG (2+ years)Buying at ~ 26.39. Buy under Green line. Sell at red line.
My fair value for this company is $47.02 per share.
Should you buy this marijuana stock - MDCL?There has been a lot of news about Medicine Man Technologies acquiring more market share of the cannabis or marijuana sector in Colorado that has pushed this stock from $1 to $4 in 2019, but is it just hype?
SPRWF Triangle play here. All levels are marked, chart is easy to understand. Looks like it bouncing good, fell to .93c and back to 1.09$ right away, so buying pressure is here.
Will see how it plays out on upcoming week.
I give it 4 years and we will see this grow. CEO HAS PASSIONVery clear levels are being shown here for people to play in :) 1.00 support is holding.
First support after impulse was .66 cents a test lower is still possible but highly improbably with harvest season entering. Time to offload and make profits then rinse and repeat for growth.
I have highlighted the False W and accumulation examples on this as well. Be on the lookout for a possible fail at 1.32 again
youtu.be
Trulieve Cannabis Corp After doing some research on this company, I would give it a chance. We have hit bottom and bounced nicely. So I will expect two things...
1. We just continue up with no pullback to around Jan 15 - 17 high of earlier this year. Minor correction or consolidation zone around 10 that could breakout and has the probability to make a run for it to 15 or higher. Production of hemp and cannabis went up about 500% in the U.S. back in 2016..since then its been spend spend spend to develop the industry in america and make it profitable. I actually am focusing on these companies in my recruitment business and what better way than to support them via stocks as well? Ill buy at these levels :) Low risk higher reward.
CRON house of pain over? CRON has been on a horrible downfall over the past months. Looks like it could have found its bottom. On a technical basis looking for a trade to 14$
TNY updare.So, since the last time I posted a chart on TNY we were trading in descending triangle that broke to the downside on a "short term time frame." I had mentioned that the pattern could also be a bull flag , but that was not the case.
It is interesting however to see Tinley get back up to the 56c level where there seems to be historic support dating back to Aug 2018.
I can speculate all I want about where the share price may be in the future, but only time will tell per usual.
MJ signaling oversold conditions in the cannabis marketCannabis stocks have corrected dramatically despite strong fundamentals across the industry.
Looking at the MJ ETF gives some indication of the oversold state of the broader cannabis market. The RSI is low and the ETF is currently trading beneath its 9-day moving average. Almost every single time this has happened in the past, the ETF has bounced back.
There's every reason to be bullish on the sector and this correction has created a buying opportunity not just in ETFs but in many individual cannabis stocks as well.
Investing in Cannabis Stocks / Aurora Cannabis
The fact that all eyes are on Aurora should surprise absolutely no one.
Aurora Cannabis is the most-held stock on online investing app Robinhood, and the company is projected to be Canada's production leader.
Maybe, just maybe, Aurora might also have some big news on the partnership front.
The company brought billionaire investor Nelson Peltz on board in March to help line up deals with major partners outside of the cannabis industry.
The information provided here is not financial advice.
Action off the squeeze NUTSXV:NU
I've been watching this approaching its 52 week low for some time and as a business they fail to really excite me. As a trading opportunity, however...
In the life of this stock it has touched the top of the BB9 on the weekly chart three times after a squeeze. Each time was followed by significant upward action. As the volume profile tells us that most of this stock was traded in the 14 to 18 cent range, I am quite happy taking a position around 8 or 9 cents. Given the industry that they are in and the revenue the cannabis industry is currently enjoying, I cannot see this stock breaking it's 52 week low of 6.5 cents, which is where my stop loss would be for a loss of 1.5 cents per share. Risking a potential loss of around 18% for a potential easy gain of 50% to potentially much more, in an industry that is booming globally, on a stock that has historically demonstrated upward action off performance it is exhibiting currently - I feel strongly that this is a no brainer for a 'quick buck'.
When Will The Bleeding End For NBEV?This has gone from Prom king to drop out real quick. I think a lot may have had to do with expectations built up over time but at the end of the day, who really knows? Let's hope that October is better to them than other months considering what's set to happen in the industry in Canada.
"Clearly, the hype from the deal has proved to be nothing more than that; hype. Right now investors might also feel that the company vastly overstated their capabilities. The question now is will NBEV stock continue its slide or can it recover before the end of the year?"
Original Article: Penny Stocks To Buy Or Sell: New Age Beverages (NBEV)
CANNABIS STOCK - LONG-TERM OPPORTUNITY The Cannabis market is obviously promising.
The Potential of growth of this market is enormous,
if cannabis becomes gradually just like any recreational activity and starts to compete with wine and spirits
for favorite way to be absent minded the potential of profit is gigantic .
Here we have a promising market, a company that is in loss for this quarter but that has sound financial balance sheets.
the classical good company in bad times.
Good time to buy. Its still uncertain if we can buy at around 29 or at around 11.
i think we have to buy now and latter buy again if the price goes down again.
or we can just wait for the StochRsi to get out of the oversold zone as a confirmation in smaller time-frames.
This is the exact time when the big Guys start to accumulate, maybe is the right time for us to enter with the smart money as well.
Feel free to put a like , follow or comment.
CGC: On Extended Flat Correction in Corrective Grand Super CycleChart Watch:
7/13 - CGC is now more likely in a W(IV) double three that is going to end in a 3-3-5 extended flat correction.
On the 3rd leg impulse wave down within the 3-3-5 flat correction, we are looking at a 3rd Wave extension.
Scenario: 3rd Wave Extension: W3 is longest and can be any length. W1 and W5 are equal length (1.00)
Status: IN PLAY
W1(0) = 52.74
W2(1) = 44.17
W3(1) = unknown but look at Fib lines of support from Waves of higher degree
= W(III) 0.5 support at 32.07 and 0.382 support at 25.66
But W3 length must be greater than W1 length if W3 extension
Therefore W3(1) must be less than W2(1) - W1 length = 44.17 - 14.36 = 29.81
W3(1) < 29.81
= 25.66 or 0.382 of W(III) Fib support
W4(1) = unknown but typically retraces 0.382 of W3 length
= (a) IF W3 bounces on 32.07 Fib 0.5 support THEN W4(1) = W3(1) 32.07 + W3 length (44.17-32.07)*.382
= 36.69
= (b) IF W3 bounces on 25.66 Fib 0.382 support THEN W4(1) = W3(1) 25.66 + W3 length (44.17-25.66)*.382
= 32.73
W5(1) = uknnown but W4(1) - W5(1) = W1 length = 14.36
= W4(1) - W1 Length
= (a) 36.69 - 14.36
= 22.33
= (b) 32.73 - 14.36
= 18.37
