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Cannabisstocks

Descending Broadening Wedge for TNY?!?!?37c in the next 3-6 months. Possible decline to 6.5c before a reversal. Bullish cross on the KST! Tinley's trading in a descending broadening wedge. With the Descending Broadening Wedge formation, we are looking for two touches to each trendline. Both the upper and lower trendlines should fall. The lower trend line should fall more steeply than the upper trendline thus forming the broadening wedge. Tall and wide patterns work better than short and narrow patterns. Descending Broadening Wedges tend to breakout upwards. Swing traders can trade the pattern from top to bottom and from bottom to top. After the trendlines are formed, as soon as the price touches the upper trendline go short. Cover this short (exit the trade) when the price reaches the lower trendline. As price touches the lower trendline go long (buy). Place your stop below the lower trendline. Trade price upwards to the upper trendline. Exit this trade here. When price breaks the upper trendline and closes above it this signals a breakout. Go long (buy) here. The target is the first (highest) high in the pattern. Which is around 37c CAD for TNY.
CSE:TNYLong
by ScotianBot
SNDL Repurchase Program Sundial announced last week a share repurchase program! Program will commence on November 19, 2021 and expire on November 19, 2022. Sundial Growers can purchase a maximum of 102.8 million shares, representing approximately 5% of the company's issued and outstanding shares. Last month, Sundial announced the purchase of retail company Alcanna, which operates 171 liquor stores in Canada! Average Volume: 99,022,325 Yesterday`s Volume: 360,765,136 My short term price target is the 1.6usd resistance. Long term, SNDL can go to $4. Looking forward to read your opinion about it.
NASDAQ:SNDLLong
by TopgOptions
10
Long Term Buy on HITIAs many of you already know, I've been bullish on HITI for quite some time, waiting for the right entry. This is one of my favorite cannabis stocks, and I'm bullish the cannabis sector overall. This may not be a quick play; I'm expecting to hold my cannabis stocks for quite some time. On the daily chart, HITI made some lower lows, while the RSI made higher highs. This divergence is nice, but not enough for me to enter. On the hourly chart, we saw the asset hold this support line after an upward move on November 8th. In addition, price was above the 50SMA on the daily chart. I entered at end of day on November 8th. By the end of the week, HITI was up testing the 200 period SMA. If we break north of this line, I will continue adding to my position to build it.
NASDAQ:HITILong
by MRobertsTrading
1
DN Delta 9 Cannabis ready to fly "high"Welcome to my DN Delta 9 Cannabis Analysis :) This analysis shows two situations, once a Bearish Harmonic pattern and a Bullish Navarro 200. The Bearish pattern would still have two targets Open: 0.215 CAD 0.070 CAD If these targets are reached, I expect at the latest from 0.060 CAD with a very strong impulsive rise (possibly with a short squeeze by closing the short positions). However, since a bullish pattern has already formed, the price could already rise now, the targets are the green price masks in the respective target areas. Since this pattern can go even deeper, two more Varrianten projected in purple and gray, the corresponding price targets are in the corresponding colors in the target areas. Point D Purple = 0.345 Point D Gray = 0.230 The massive pull back point is calculated from the Maximum Short Target, as from the intersection of a Bullish Start and Bearish Target Wolf's Mouth line ;) If you liked this idea, I would appreciate a click on the Like button ;) If you have any questions, suggestions or a different opinion, don't be afraid to use the comment function. Thanks a lot Disclaimer: Please keep in mind that this is a pure analysis and only reflects what my eye shows me ;) This analysis is for informational purposes only and is scientific in nature. This analysis is not based on any fundamental data! This analysis is not an investment advice and should not be considered as a buy, sell or hold signal. Always do your own research before investing and seek the advice of a qualified person. I am not an investment advisor or similar and do not make any investment recommendation here.
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by Highrisk221
2
Is MJ about to get high?Marijuana stocks have been on the decline for a while, but things may soon start turning around. Last month, the House Judiciary Committee advanced HR 3617 or (MORE) Act of 2021, a bill that repeals the long-standing federal prohibition of marijuana by removing it from the Controlled Substances Act — thereby ending the existing state/federal conflict in cannabis policies and providing state governments with greater authority to regulate marijuana-related activities, including retail sales. What the MORE Act Does: The legislation’s provisions remove marijuana from the federal Controlled Substances Act — thereby eliminating the existing conflict between state and federal marijuana laws and providing states with the authority to be the primary arbiters of cannabis policy within their jurisdictions. If passed HR 3617 would facilitate the expungement of low-level federal marijuana convictions, create pathways for ownership opportunities in the emerging regulated industry, and allow veterans to obtain medical cannabis among other things. Source I chose MJ to gain exposure to the global cannabis industry. AUM: 1 Billion TOP 10 FUND HOLDINGS (%) Grow Generation Corp: 9.66 Tilray Inc: 9.43 Canopy Growth Corp: 7.80 Aurora Cannabis Inc: 6.61 Cronos Group Inc: 6.42 Hexo Corp: 4.76 Organigram Hldgs Inc: 4.20 Village Farms Intl Inc: 3.92 22nd Centy Group Inc: 3.46 Arena Pharmaceuticals Inc: 3.26 Prospectus Fact Sheet Holdings Technicals Price action and RSI diverging for the past three months with PA finding support at about $14.00 since the bill was advanced RSI moving to potentially break above 50 and could correspond to a breakout of the descending wedge Price holding at about the Fib Extension level of 61.8%, will watch these levels closely as PA advances or declines The Trade With confidence that there will be further potential bullish sentiment for the cannabis industry on the horizon, I will be preempting a breakout and taking a position at current levels. Bull Case TP1 set at about $17.50 TP2 set at about $25 Anticipate resistance at about $16-$17 Will be watching price action closely below the $17.50 region as a substantial pullback could fill out a possible right shoulder of a head and shoulders pattern before retesting trend line and breaking low. Bear Case Price action rejection at resistance level at around $15.50 could push price down and make lower lows on the daily chart If a price drop occurs, I will be watching for support at around the $13.50 region or Fib 50% level Will look to exit position if weekly close is below $13.00 with RSI levels pushing down to or below 38.2 Approximate risk of loss on trade from current levels is about 12%-15%
AMEX:MJLong
by spreck
3
TLRY: Time to get high?Just bought Tilray🌿 stocks @ 12.22, currently at trendlines & previous significant high confluence. Price needs to break up the red falling wedge. Target 122 which means 10x. The blue uptrendline on log scale (imo false break down) and also higher volume this year shown below: Please like👍, comment🗣️, follow me✒️, enjoy📺! Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence. NASDAQ:TLRY TSX:TLRY CAPITALCOM:TLRY FTX:TLRYUSD SIX:2HQ NEO:TLRY SWB:2HQ XETR:2HQ FWB:2HQ MUN:2HQ HAM:2HQ HAN:2HQ BER:2HQ FTX:TLRY0924 NASDAQ:NDAQ OANDA:NAS100USD CURRENCYCOM:US100
NASDAQ:TLRYLong
by bizmark
2
CHRONOS ON A KEY LEVELWith international production and distribution across five continents. Cronos Group is committed to building disruptive intellectual property by advancing cannabis research, technology and product development. With a passion to responsibly elevate the consumer experience, Cronos Group is building an iconic brand portfolio. Cronos Group’s portfolio includes PEACE NATURALS™, a global wellness platform, two adult-use brands, COVE™ and Spinach™, and three hemp-derived CBD brands, Lord Jones™, Happy Dance™ and PEACE+™. Bullish divergence on the weekly coinciding with a market level where statistically over time this asset has always reacted. Interesting scenario and adequate space for different investment strategies. Medium / long term target price $ 9.60 - $ 13.
NASDAQ:CRONLong
by UnknownUnicorn25541012
ADDED to $TLRY NEW Target 27.00 for 86.46%$TLRY Target 27.00 for 86.46% Ok so I added here today to my underlying position. I also played some options that expire tomorrow and I closed the call side out with a 50% gain even, and the put side with 38%… so I think I’m figuring this whole options thing out. Added to my position with my wins… 💃🏻 ----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. ONLY ADD at support levels & FIB levels… labeled I start every position with .5 - 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NASDAQ:TLRYLong
by SPYder_QQQueen_Trading
7
Added a bunch to $ACB today New target 10.27 for 43.64%$ACB Target 10.27 for 43.64% I added quite heavily here today to bring my average down. This is it for a while… gonna let her run… Technicals look sexy… ----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. ONLY ADD at support levels & FIB levels… labeled I start every position with .5 - 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NASDAQ:ACBLong
by SPYder_QQQueen_Trading
5
VFF when was the last time you saw a Strong Buy rating ?!I think Cannabis stocks will be the next EV`s in terms of market explosion in the next few years. Yesterday, 8/17/2021 Raymond James brokerage Boosted VFF`s Price Target to Strong-Buy from $26.00 to $27.00 My price target is 20usd. Two days ago Village Farms International Acquired 100% of Balanced Health Botanicals, a Profitable Leader in the US CBD Category, which provides immediate access to the US retail CBD market, estimated to grow to US$16 billion by 20252 (from US$4.7 billion in 20202).
NASDAQ:VFFLong
by TopgOptions
6
Sundial Growers Undervalued | Bullish FundamentalsSundial has had improved EPS (still not impressive atm) BUT, the street has given it a $2 valuation (DYOR) at the least and it's a behemoth of cannabis stocks. With the fed ban lifted now, this should open the market up considerably and SNDL, with several hundreds of employees and tons of cash, this is something to watch. The technical indicators are more for my own personal interests in this (yes I'm holding). One last thing, there's considerable shorts sitting on this from what I've heard and there's a TON of chirp across the chat space so do some digging and you'll come to the right conclusion. As always, not investment advice and again, DYOR. Good luck!
NASDAQ:SNDLLong
by FudBox
5
🟢 Added to $ABC Target 12.90 for 32.85% 🟢 $ABC Target 12.90 for 32.85% Or double position at 6.52 I added here because it bounced off of support… if it hits support again (6.52) I will double my position. It's about time that cannabis stocks go for a run... ----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. Numbers with an A are places that are a good idea to add if you can. Numbers with a D are places where you should double your position. I start every position with .5 - 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NASDAQ:ACBLong
by SPYder_QQQueen_Trading
3