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Cannabisstocks

The Green Organic DutchmanThe stock rallied strongly today after the announcement of a major partnership between TGOD and Shoppers Drug Mart (large Canadian retail pharmacy chain). A shooting star candle appeared later during the day today with high volumes, which indicated a strong bearish signal. A breakout over $0.64 is not likely in the very short term, unless large volumes pick up in the coming days. This is a great company with very little long term debt and bank's support (important credit facility announced recently) with a long-term strong ramping-up production forecasts. Company has one large facility in Quebec and another under-construction facility in Ontario.
T
by Lahbabi
ACB is rejecting from $19 level of resistanceIndeed, the market shares of Aurora cannabis in recent days blew very strongly from the point of view of volatility, the ATR indicator has jumped up from zero very fast. The stock has grown in value. But to judge this chart from the point of view of the interaction dynamics of price and volume is difficult because the market is too "noisy" and specific. Nevertheless, we will try to do the analysis. Technically, the stock is in an uptrend which is marked by the orange lines. While the price is above the 50% Fibonacci at above $12 level, we need to consider this action from the perspective of bulls. Level $12 per share is also very strong because we have a large bulb on the right side of the chart, in the market profile indicator. Also in favor of the bulls, there is the fact that the price is trading within the current orange channel. Everything speaks in favor of growth. However, I'm confused about some facts in the area of $ 19. The first fact - a narrow spread on large volume closing near the middle and the subsequent deep pullback from the overbought area is a clear sign of weakness (EVRT). Number two, I outlined SLKT - it's tiny exceeding the previous maximum, which has a manipulative character. Number 3 was a widespread down bar on high volume. I would have interpreted it as a Bar of Supply (SB). Thus the signals form the sequence 123, which often could be found on top of the markets. With confidence, I can say that the area of 18-19 dollars per share acts as a powerful resistance. As you can see, the signals are controversial. Given the weak opening of today's session, I would have preferred the game on the bearish side, because it is the most recent message from the chart. As long as the price will trade lower than $ 19 per share, the uptrend is under threat.
AShort
by fintechzoom
1
ACB About To Go ShortWe have seen an unprecedented rise in NYSE:ACB in the past days (216% since Thursday 5/14). This made the stock be close to the higher limit of top analysts targets. If we take a closer look into the ACB's fundamentals and financial conditions, we expect the stock to go short in the next months. There is low support for such a high rise at the moment, as the stock is at highest levels since February, on the other side there are signs the current valuation is over the realistic financial conditions. Aurora Cannabis, Inc. engages in the production, distribution and sale of cannabis products. It also produces and sells indoor cultivation systems and hemp-related food products.
AShort
by vdostalik
1
Bullish Flag or a Bullish Pennant for TNY?Bullish flag formations are found in stocks with strong uptrends. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation. The flag can be a horizontal rectangle, but is also often angled down away from the prevailing trend. Another variant is called a bullish pennant, in which the consolidation takes the form of a symmetrical triangle. The shape of the flag is not as important as the underlying psychology behind the pattern. Basically, despite a strong vertical rally, the stock refuses to drop appreciably, as bulls snap up any shares they can get. The breakout from a flag often results in a powerful move higher, measuring the length of the prior flag pole. It is important to note that these patterns work the same in reverse and are known as bear flags and pennants. What is a Pennant? In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines - the pennant - followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole. Bullish pennants, just like its name suggests, signals that bulls are about to go a-charging again. This means that the sharp climb in price would resume after that brief period of consolidation, when bulls gather enough energy to take the price higher again. Pennants are often continuation chart patterns formed after strong moves. After a big upward or downward move, buyers or sellers usually pause to catch their breath before taking the pair further in the same direction. Because of this, the price usually consolidates and forms a tiny symmetrical triangle, which is called a pennant. Higher lows on the RSI & it is trading at approximately 52. Traditional interpretation and usage of the RSI dictates that values of 70 or above suggest that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective price pullback. An RSI reading of 30 or below indicates an oversold or undervalued condition.
CSE:TNYLong
by ScotianBot
$TLRY: $10 Short Potential [Currently < than IPO Price]First off, please don't take anything I say seriously, or as financial advice. That being said, let me get into a few of my key insights. Tilray is currently only $8.05 which is lower then the $17 price it was entry into the market. The stock peaked at $240 before starting to tumble down bearishly entering into 2019. Cannabis was a fad or bubble waiting to be popped. That being said, as a 750+ employee company that is revamping, it isn't a bad stock pick and may be a steal at its current price. Many analyst are neural on it, but I think it has light in the tunnel for growth. Today it had a high of $9.75, before going down to $8.05. Overall, day over day, the stock's close price went down -0.74%. Today was a notoriously bad day for the market, and this performance was better than expected. Overall, a short of $10 is reasonable, and this is one of those stocks that can likely be flipped multiple times for a day trader or trading bot. It seems to also have long potential, and I believe it will likely reach another bullish run.
NASDAQ:TLRYShort
by gamer456148
1
AUXLY (CBWTF) - critical juncture - possible 100% gainsAuxly retraced near 0.618 of wave A, a probable target for the end of B wave down. The next wave is a minute C up that should complete minor wave 4. If this is the case the most probable target is at 0.55, 135% above the current price. Its market peer KERN already grew the same amount recently. If it crosses down 0,21 the odds go to that minor 4 is finished and the prices should continue down. If it crosses above 0.2513 the odds go to the main scenario. FOLLOW SKYLINEPRO TO GET UPDATES.
OTC:CBWTFLong
by SkylinePro
APHA: $5 Short Target [Has Long Potential]First off, please don't take anything I say seriously or as financial advise. As always, this is on opinion basis. That being said, let us get into my thoughts. I believe given how APHA been doing financially given this quarter, and its current bullish run, a $5 short target is reasonable. However, I am worried the wave may peak at that point, and it does have bearish potential afterwards if that is true. Overall, it does have long target potential with medium risk, but if I am right, a sell off and reinvestment may be better.
AShort
by gamer456148
2
CGC Breaks Above 38.2% Fibonacci Resistance Canopy Growth Corp(CGC) closed at $17.53 gaining $1.94(+12.44%) on the trading session today. Price closed above the 38.2% Fibonacci retracement level which had been acting as resistance for the past month and is bullish move considering how long it was pegged below the 38.2% level. While this is a bullish move, we need to see price close above the 50% Fibonacci retracement level which is where price hit resistance on todays move. The 50% Fibonacci level is the midpoint between the total Fibonacci range from the January high of $25.97 to the March low of $9.00. Price trending above the 50% level indicates a bullish trend while price trending below the 50% level indicates a bearish trend. Should price see more gains tomorrow that would be a bullish sign, but a move above the 61.8% Fib level is needed to signal uptrend continuation. Worth noting is that todays price candle closed green after nearly a month of gray price candles. Green indicates that price momentum is now bullish according to my candle color algorithm. The Relative Strength Index(RSI) shows the green RSI line rising above the 50 level which is the midpoint of the total RSI range. An RSI reading above 50 indicates short-term bullish momentum while a reading below 50 indicates short-term bearish momentum. The RSI crossed above the 60 level today which indicates that there is strong momentum behind price right now. The purple RSI signal line is also rising which indicates intermediate-term momentum is bullish as well. In general, you want to see the green RSI line rising above the purple signal line, and for both lines to be above the 50 level as a sign of bullish momentum. The Price Percent Oscillator(PPO) shows the green PPO line rising above the purple signal line, both lines trending up and both lines crossing above the 0 level. This indicates bullish momentum in the short-term as a PPO reading above 0 is considered bullish while a PPO reading below 0 is considered bearish. The Average Directional Index(ADX) show the green +DI line rising above the purple -DI line which indicates positive direction behind price when comparing recent highs to recent lows in price. The histogram behind the DI lines is still low which indicates relatively weak strength behind price. In general during a price move higher, you want to see the green +DI line above the purple -DI line and the histogram bars rising above the white dotted line at the 25 level as an indication of bullish strength behind price. The volume indicator shows that volume today was at its highest level since March 26th, and also in a recent trend of increasing volume. Rising volume as price moves higher is a bullish sign. Today’s volume bar is bright green and indicates that volume and price are both higher than they were 10 days ago and is considered a bullish price/volume day. Overall, the move today is bullish as price broke above 38.2% resistance, the lower momentum and trend indicators are all bullish, and volume is increasing over the past few days and broke to a new 1-month high today. The tentative stop-loss level for long trades is shown in blue and is just below the most recent consolidation lows prior to the breakout today.
CLong
by PrepForProfit