I think Aurora will do a wave 5 up. After the first report Aurora look like to have a strong future. And with pension founds and other institutional investor starting to pick up Aurora shares i think the SP will start to reflect it. I hope it will be a steady climb as it for me represent a shift in sentiment and a new type of buyer have come around. Changed...
I think Canopy Growth will retest its support in the coming weeks. Much based around the accounting error and no short term catalyst to move the SP higher from a already high SP, price near ATH. I think Canopy Growth will find support around $48-55 Cad or as low as $40 Cad, depending on more factors then only Canopy. And with positive news around the Cannabis...
I Bought 5000 pieces. Lets wait some years.. :)
Tilray went into a classic bubble. 15x in 2 months. Previous bubbles have taught us that -80% is a must for the majority of these assets. At the same time all these lines are gaps left unfilled along with the untested local high at 34$. So to me a 35-50% drop is imminent.
If it cannot break out of the descending channel we will retest lows in the next 24-48 hours. Short play with $6.22-$6.12 target price
This company is growing 50% rev yoy and involved in Cannabis... it can move and looks to have bottomed.
Past 4 days apha as been going up, MACD has crossed showing that the trend is moving up. short gain to retest the res at 9.15
Momentum is shifting bullish as the the EMAs start to cross over and MACD points up. With the way the stock is moving it could push towards and retest its all time high of 9.29.
Alt Coin Analysis - Points out of 10 Perspective Matters! Date : Since 2014 ( 8 / 10 ) Volume 24 H : 3 BTC ( 2 / 10 ) Available Markets* ( 1 / 10 ) Huge Risk Social Media Rate ( 3 / 10 ) Ranks ** - 870 ( 2 / 10 ) Website ( 1 / 10 ) Type Cannabis Coin Overall ( 2 /10 ) Please review my previous CANN coin analysis as well to get a better idea. Even...
Perhaps there is A Little Bit More Upside for #Tilray | $TLRY!
Fundamental and analytical all point to continued gains. Short sellers savaged some stocks making them perhaps undervalued - though keeping an eye on P/E ratios That said overall optimism on the market and more US states looking at further positive legislation
Looking for a continuation of a downtrend on the VXX with a possible Head n Shoulders pattern that will complete in the following 2 weeks or so. Will just have to see if it plays out.
My Take: Ideally I think we would see a push up to 4.80 and possibly love 5's on Monday and then consolidate over 2-3 days in mid to low 4's ($4.20 and 50 dma at ~$4.10) before pushing back above 5. The $5 price range is going to take support and conviction, along with a bunch of new buyers as we had the bought deal at $5.27. With psychological resistance at 5,...
IG: @BULLRINGANALYSIS Tlry is a very interesting pick here. Early stages of company growth but, descending triangle pattern is meeting major resistance level. Bullish signal from this pick, but could be interesting to see what happens at this intersection point. RSI is also in interesting position for growth as well. not financial advice
Higher lows - control risk. High reward if trend continues- HIGH RISK TRADE
Cleaned the chart up from the original chart I posted a couple hours ago, came back from a break and noticed I built the 1D chart...never zooming into the 2 hour view. Real ugly. Anyways it's pretty self explanatory!
Here are the price points I calculated based on the descending channel we are currently in. The overall view takes into consideration the starting point of $1.26 with the high of 18.65. I then moved the chart to March to see where the average price was(gray dotted line down the middle. Triangles fit within the descending channel and helped me calculate the 5th...