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
Cannabisstocks
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!
ACB - Aurora Cannabis Inc.Weed stocks start to bounce, price in lower buy zone and still above longterm lower support trendline. Could have been a minor fake-out of the triangle and once inside can test 8.13 USD
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.
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.
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.
Is The News Enough for KGKG?KGKG came back from the dead today but is that news going to be enough to keep the trend going next week?
"The company announced distribution through 15 new distributors in 14 states. The deal will see Kona Gold’s hemp energy drinks and CBD waters go on sale in new markets. The company is now partnered with 31 distributors and has distribution in 30 states. Chris Selinger, V.P. of Sales of Kona Gold Solutions, Inc. said, “With the opening of our South Carolina distribution center, we will have the capability and capacity to service our growing distributor network.”
From 5 Penny Stocks To Buy Or Sell Next Week? - on PennyStocks.com
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
VGW: 3.58 to 4.77 to Record Highs through Q4 2019VGW has been oversold recently due to the Cannabis industry and the overall downfall of the sector. However, often times dollar stocks in the Cannabis industry (and in any sector as a matter of fact), typically are delayed in terms of their rebounds relative to the big players.
The rebound has started for the large players already in the sector and I expect VGW to rebound significantly - especially based on significantly beat revenue numbers from the last quarter. There will be heavy resistance from about 3.80-4.00, however, I expect by September, VGW should be near 4.50.
VGW revenue, profit, adjusted EBITDA all soared quarter to quarter. This is one of the few companies that have continuously grown from quarter to quarter with no sign of slowing due to their methodologies.
It is important to note that previous session bearishness on dollar stocks rarely get carried over session to session. Therefore, it is important to study for a good entry, but do not let a poor one day session influence you from missing out of a dollar stock all together.
- zSplit
Double Bottom?Is Curaleaf going to shake off the FUD from the FDA & continue crush the U.S market.
I think so, although they may have stepped over some boundaries with promotion / labeling & making claims on some of their cbd products, it doesn't change the position they have in the U.S with distribution.
It looks like CURA may have found a double bottom?
Time will tell per usual.
Is a bottom near for Canopy Growth Corp?Did Canopy create a double top, or is the stock going to create a Macro higher low & stick in a bottom tmrw or sometime right away next week?? If Canopy doesn't take control of the market tmrw with some big news to offset the market sentiment than don't look down, in my humble opinion which is only worth a grain of sea salt from...….
Time will tell per usual.
TLRY: Poor Q2 Earnings To Push Stock Back....For NowWhile many people have been super bullish on Tilray, I posted a little while ago my reasons why I am not bullish yet on the stock. I predicted their earnings would disappoint and they did.
Tilray had a fake break-out to trick investors, and the stock increased to 46.00 and change today, only to give it all back post-earnings and back in its consolidation to 42.00 by the open tomorrow.
While their revenues are increasing; their losses are mounting. However, after studying their balance sheet extensively, I believe most of their losses are due to business structural changes, rather than industry issues necessarily.
I believe Tilray will break-out in-time for their Q1 2020 report. After their Q1 2020 report I believe we may finally see Tilray inching closer to the 60, 70 and 75.00 ranges.
Moreover, I believe the poor earnings may push the stock below 40.00 temporarily (not for too long), and that should be your buy zone. I do not recommend buying the stock now because you won't get any decent ROE for a while.
Ideally, you want to set a stop loss buy for about 35.39 and closely monitor the stock to see if you can get such an entry. If you are desperate to own the stock then anything at 39.00 or below is recommended.
- zSplit
DMF vs Aurora Cannabis (NYSE:ACB) - A Two Week Performance StudyHey Traders!
Today we're looking at how the Directional Momentum Flux (DMF) strategy performed against Aurora Cannabis Inc (NYSE: ACB) during a two-week study period. Overall performance of ACB was not very strong during the period (7/15 to 7/31/2019), but DMF was able to identify many momentum inflection points and capture quite a decent return of around 44%. Check out the video and join the discussion below!
Happy trading!
Links:
Directional Momentum Flux Strategy
