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Cannabisstocks

SNDL Sundial Fibonacci retracement completedAfter the Tech bubble and the EV bubble now it`s the time for the Cannabis market to shine! :) 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. 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
12
Which cannabis stocks should I now that Biden is the president?Which cannabis stocks should I now that Biden is the president (part 1) : Going first with Cronos Group. Biden won (although Trump wouldn’t agree😊) and the sentiment is talking about green energy stocks, electric vehicle makers, telecommunication stocks, cannabis stocks, government bonds and more. But we cant invest in everything and we cant relay on market hype to make a sound investment. So first I wanted to break down cannabis stocks as they have rallied dramatically in the last 2 trading sessions. But before all that lets state a super important fact: Arizona, and South Dakota recently voted to legalize recreational marijuana! BOOM! I choose to start this series with the first stock of Cronos Group. Cronos Group Heavily funded by Altria group investment in 2018 with 1.8 billion, the company has been operating in the last two years with no factual growth or sales, I mean 10 million in sales in the cannabis world market would be a drop in the bucket. Stock rallied 10% in the last week upon elections but once the 15 min of fame are over this stock isn’t going to do much in my opinion. The spending on growth and technological developments such as “fermented cannabinoids” which I will explain now, have cost the company to fall behind in the cannabis race on market and sales share. So what is fermented cannabinoids? The Cannabis flower isn’t using cannabinoids in order to maintain its survival, which can cause a change of up to 30% in the concentration of the flower’s cannabinoids, even if grown in identical conditions it still varies from one flower to another. So, extracting and controlling this would be a very difficult task. Fermenting it is basically growing its cells in a lab and duplicating them instead of growing the flower itself – again this is explaining it in a nutshell of course. So the news about Biden wining can maybe translated into good news for Cronos Group, but for me as a skeptical, I’ll need some proof of concept before jumping in and that means sales sales and more sales! TECHNICAL VIEW on Cronos Group: Highest high pre COVID was a25.1$ at February 2019. Dropped from there all the way to 5$ with one Bullish week during that slope. Then was side channeling from 5$ to 7$ and gave one fake out on June @ 8.09$ and went back down. This Friday it broke resistance and touched 8.4$ just to drop back down to 7.5. With all rally and resistance tested twice and broken, I expect the stock to rally up more to the 13$ zone (retracement to the 38 Fib line) but I don’t see it going further then that at least in the upcoming 4-6 months. Short term Buy Long Term Sell Revise again at March 2021. Here is a chart comparing all major cannabis stocks one next to another (not including Grow generation group that could not fit in the chart since price is too high) Next up we will cover Canopy Growth! WE analyze the stock market acc to the great Ralph Nelson Elliot and combine that with fundamental and sentiment analysis on a theory we call Market Cycle Based Analysis and that gives us high prediction rate 😊 This is not a recommendation but our personal advice Trade safe and invest smart!
Editors' picks
NASDAQ:CRONLong
by FDGT_academy
98
Top Cannabis Stock Picks! GRWG APHA GWPH. So I have a Solid pick in $GRWG $APHA is a great buy right now at the price and with the potential $GWPH is a LONG hold. And strictly equity. I will be adding at key levels. I Dont disregard the favorites like $ACB $CGC and others but I think that these offer potential as well. GWPH perhaps I am biased on because ive been watching this company for a while, but I think this goes higher based off potential and foothold All in all federal legalization will send us flying. Id rather be in position.
GLong
by SimpleStacks
Cannabis Stocks- GRWGI LOVE this company LONG. Unfortunately this is the perfect place to buy and the sketchiest place to buy. With a possible Biden win, cannabis stocks like this one will soar. Two things in GRWG's favor in the mean time is the possible legalization in 5 states. Also, earnings coming up is expected to be a good one. So if we hit all three. Biden win. Earnings hit. Legaliztion. Then i could see a strong run up as this ticker as already see some good volume in the past.
NASDAQ:GRWGLong
by SimpleStacks
6
Falling Wedge breakout on the RSI for TNYBF.TNYBF has broken flush out of a falling wedge to the upside on the RSI, when a stocks price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move, hopefully, that's what has occurred in this situation. Tinley's breaking the downward sloping resistance of a bullish flag on the price action outlined in dark blue, only modestly at the time being, it would be ideal to see a flush breakout and a re-test of the downward blue sloping resistance, turning old resistance into new support. If we see a rejection in the upcoming trading days, the baseline of support of the pattern will need to hold to prevent this from playing out bearishly as a descending triangle, like I have hypothetically drawn in green on the price action. Very noticeable bullish cross on the KST, this is exactly what you want to see in a bull market, it's normally bullish, for now. See previous blue finger icons as previous examples. Maybe we see a H&S type of pattern on the KST, that's if there's continued upside from here, I have drawn a green line to make a hypothetical example. Always the possibility of a blue sky breakout, depending on Macro developments over the upcoming months.
OTC:TNYBFLong
by ScotianBot
CHM.C -- Biomedical/Cannabis play trading below cash positionCHM.C is breaking out on record volume! The company had $4M in cash at the end of May. The enterprise value of CHM is about $8.5M. Options (.06, .10) and warrants (.50, .70) were issued at significantly higher levels than current stock price. Insiders and consultants hold over 35% of the float. Cannabis sector is starting to wake up a little but it is the Biomedical angle that has me intrigued about CHM. It has acquired a 16.4% stake ImmunoFlex Therapeutics, the company developing products to enhance immunological responsiveness. It is clear that, once released, they will be marketed in the context of COVID-19 pandemic as preventative and immune system strengthening treatments. While the target date for ImmunoFlex products release was vague (“late Fall 2020”), there are signs that it will come sooner rather than later. On September 28th, ImmunoFlex announced hiring of prominent medical professionals and established a Scientific Advisory Board. I suspect we will be seeing more news very soon. On the Cannabis side of things, CHM has recently expanded its Sugarleaf cultivation facility in Washington State by ~ 30%. They are also in the early stages of establishing a California-based operation.
CLong
by wealth_bakery
1
GrowGeneration Pushes Higher as the S&P 500 SlidesEven when the big indexes are sliding, a handful of growth stocks with their own stories can rally. Cannabis play GrowGeneration may fit that bill. The seller of growing supplies like hydroponic equipment exploded higher last month on the heels of a strong quarterly report. (Revenue +123 percent, same-store sales +49 percent.) It’s pulled back and consolidated since as some potentially bullish patterns appear. First is the support zone around $13.24. It was the close on August 14, one day after its earnings gap up. GRWG bounced there in late-August. It slightly undercut the level on September 4, but held. That resulted in a false breakdown, which was followed by a higher low on September 11. Second is the narrow range in the last month. Bollinger Band Width squeezed to just 24 percent yesterday, the tightest since late July. Next is the 8-day exponential moving average (EMA). Most big stocks in the market have been under their 8-day EMAs since early September, but GRWG has recently jumped back above the line – despite the broader market’s selloff intensifying. Finally, the weekly chart shows an almost-perfect rounded basing pattern around $14. GRGW is a tiny company serving a fast-growing niche. That also has the potential of reducing its correlation to the broader market. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:GRWGLong
by TradeStation
1
Possible Head & Shoulders for APHA?A H&S pattern is clearly noticeable on the RSI & KST. On the KST the right shoulder is lower than the left, but on the price the right shoulder is higher than the left, not sure if that's considered a bearish divergence but if there's further downside action it would seem accurate. On the KST each shoulder & the head display a bearish cross where I have placed the red finger, this happens when the red line crosses over the green in a downward angle.
A
by ScotianBot
1
Bullish Flag or Descending Triangle for TRUL?Notice on the KST there's been a bullish cross, I have placed three blue finger icons to represent previous bullish crosses. The red finger icon on the KST is there to display some weakness in the previous bullish cross, notice how there was no higher high creation on a Macro perspective and the blue downward sloping resistance, if we get a bullish cross on the KST but no higher high and another rejection at the blue downward sloping line, it's possible we see a bearish outcome in relation price action. I have drawn a green line on the KST to represent the hypothetical scenario I've suggested is possible.
CSE:TRUL
by ScotianBot