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Cannabisstocks

$MSOS sending SOSFirst US cannabis ETF is gapping down, both longs and shorts are fair and reasonable. Longs: - Bottom of channel will be retested soon and may bounce. - Gap shall be closed and may bounce. - Once year open retested it may bounce. - I'm not watching news so I have no clue what they say on CNBC. Shorts: - Formation of H&S pattern, therefore measured move possible. - If year open does not hold, we will be gapping down all the way to the beginning of the bullish cycle for retest. - Usually new asset formation includes some form of the squeeze. They want all your money therefore they will trigger every stop on the way. Not financial advise.
AMEX:MSOSShort
by LEVERXYZ
Not feeling Aurora. Looking for Head and Shoulders reversalThey were left out of the deal with Aphria, lost a CEO last year who was hired particularly to find a merger/acquisition, they have been continuing layoffs, lost billions of dollars last year, keep diluting the stock, and they are running a large multinational organization (complicated). The best hope for ACB is that it has hit rock bottom as a company and will survive with nowhere to go but up. Watch for these moves to see which way it is heading. Yellow line through a green zone is a potential buy, Red line through a red zone is a potential sell. Always check fundamentals/technicals before making any trade.
AShort
by RickSmash
7
FIRE Short .45 Long 1.31Looks like FIRE is setting up for its next rally (the Democratic US election win has given a boost to Canadian cannabis co.) . I'm seeing a short term bull opportunity purely on technical analysis. I saw a short term pullback to the $.30 range (on Feb.18) and now I'm betting it will retrace up to the $.40-.45. Short term, I'm betting it will retrace to Fibonacci's .618 (H1 time frame) @ $0.46 which has been a strong area of support and resistance in the past. I'll be watching for: 1. M30 to cross the EMA 200 and MA 50 to enter 2. How the Feb.19 news item TSX:FIRE : FIRE closes 25.9 M bought deal public offering, affects price on Monday. Long term, I'm betting it will retrace up to previous highs taking profits at $1.31, $2.02, and $3.27
FLong
by Tatsthecw
1
$SNDL looks low, but there's hope I 💗 my LONG TERM strategy!*Sundial is headed down in the short term, however think of this fledgling cannabis stock that may flourish under this administration, house, and senate! When it bottoms one might consider grabbing more or grabbing stock call options for far out... if one believed in the company that much. If you're holding, consider HODLing with diamond hands rather than selling at a loss. UP TO YOU THIS IS NOT ADVICE. Also, a reminder that my posts are nearly all LONG TERM "LONG" investment strategies. These are NOT MEANT as DAY TRADES or even SWING TRADES. Therefore, I stand by the linked related idea below. Please share feedback if you have any 😊 All of this isn't investment or trading advice *Not investment advice
NASDAQ:SNDLLong
by primroseverglade
9
Buy the dip on Tlry. Long term holdBeautiful retracement here on Tilray with gap fill to 30 with a big upside target gap fill in play. We are at support here so its a good time to buy and add a cannabis stock to your portfolio if you have missed the epic pump this week. That pump was great for day trading, this play is a solid long term hold. The weed sector has been on fire this year and I expect it to perform well through Biden's presidency. All time high on TLRY is around 300 so 30 is a fantastic buy and hold opportunity imo.
NASDAQ:TLRYLong
by breakoutfakeout
8
HMMJ - what to do on Tuesday? Buy or Sell?All TP's was done from prev Idea. Now we stay on TP1 or 14$ support line. What to do on Tuesday if you buy on 18$+ or want to buy? We have 3 scenarios: 1) Panic sell continuance. My SL right now on 13$ lvl. The best idea here close the position by SL if we drop under 13$. 2) Bullish: we consolidate or start growing to 16$ and break out to 18$. 3)Bearish: We re-test 16$ and go down. So I recommend (If you already in the market like me) be ready to close your position by SL or on ~16$ if we not breakout up this lvl. HMMJ ETF contains: 19% Aphria - Stay on W support. 16% CANOPY GROWTH - stay on W support. 11% GW PHARMACEUTICALS PLC. - HOLD/bullish 11% CRON - stay on his support. So I think we will rebound from support lines for 10-20% gain for minimal. And after that, we will see what to do next.
TSX:HMMJ
by Icemoney666
Tilray Given Up All Gains, Time to BuyThe potential for huge growth in cannabis companies is obvious. The spike we have seen in the past week has retraced almost all the way back to where it started, this offers a great chance to re-enter longs. The spike may have been caused by the Reddit craze nonsense which explains the big dump as well but this is still a good trade/investment. I would like to see the price stabilise in the current area and confirm that the support here will hold as it has been very volatile. If it does hold here and show that it will rise then the previous high is a good target, around $64. If it breaks this resistance then a target of $115 can be next, this is 0.382 Fibonacci retracement from the all time high to the low. If you are looking at this as an investment there is no telling how high it could go.
NASDAQ:TLRYLong
by olly48
2
GrowGenerationThe Giant has awaken!!!GrowGeneration you have my attention!! $53 is a key level. I want it to break. There is so much hype in Marijuana stocks right now that Wall Street will short it after this mini bull run. This company is in its prime and showing alot of strength. The debt to asset is 19.64% I love it!! Quarter earnings have been nothing but good. Cash Flow is nothing but a uptrend. Balance sheet uptrend. Income statements pure uptrend. Seems to have all there ducks in order for legalization. I expect 1 more dip and we will be there to buy. Im hoping for this head and shoulders pattern to get a better dip. They belong to a ETF $CNBS which is good
NASDAQ:GRWG
by FreshfadeIsh
1