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Cannabisstocks

$POTX My Favorite Cannabis ETF to the moonThe Top Cannabis ETF is $POTX. It consist of your top favorite cannabis companies into one ETF. Companies like Tilray, Canopy Growth, Aphria, Aurora Cannabis, and more ... Cannabis took its first hit today and we need one more to buy. When they cry we buy. Set limit orders at my horizontal lines. This stock will go to the moon and is a SLEEPING GIANT!!! The Biden Adminstration will help this fly, we have upcoming news. Be patient and dont dive in all at once because of the fomo. Alot of people are trapped at the top of marijuana stocks lets buy the bottom and meet them up there. Target $100 or better this is long term
PLong
by FreshfadeIsh
1
Why $OGI marijuana stock skyrocketed this week?On Friday, the two chambers of Virginia's General Assembly passed marijuana legalization bills. The two must be reconciled for consistency's sake; afterward, the combined version will be sent to legalization supporter Gov. Ralph Northam for his signature. So what fueled the great enthusiasm for marijuana stocks on Monday? it was the increasing likelihood that marijuana would be decriminalized at the federal level and thus made legal in most states. If that occurs, Canadian weedies -- Tilray, Aphria, Aurora, HEXO, and OrganiGram are all headquartered north of our border -- will have free rein to sell their wares directly to U.S. consumers. Under current federal law, they are prohibited from doing so. Momentum is snowballing for federal U.S. decriminalization, and Virginia's move is only the latest evidence of this. While this won't alleviate all the challenges of the marijuana industry, it will significantly improve its prospects. Pot stock investors are right to be enormously cheered by this development. Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018. www.fool.com
NASDAQ:OGI
by AlenCiken
8
Why $ZYNE skyrocketed this weekJazz Pharmaceuticals $JAZZ agreed to buy GW Pharmaceuticals $GWPH for $7.2 billion last wednesday sending shares of fellow epilepsy-focused biotech companies $ZYNE flying. "The acquisition allows Jazz to become a significant epilepsy player by adding Epidiolex, which exited 2020 with sales annualizing at about $576 million despite a challenging Covid environment and ahead of significant growth driven by a tuberous sclerosis label expansion and broad European launch," www.investors.com
Z
by AlenCiken
1
Why $RKDA Skyrocketed yesterdayWhy $RKDA Skyrocketed yesterday There does not appear to be any direct news from the company. But it seems like that there was some coordination by day traders on social media. $RKDA shares were buoyed — thanks to discussions stock trading groups on Twitter and Twitter hashtags, before the market opened. Hemp/Pot play, Similar to $TLRY move from $3 to $50 has monster upside once it launches. Expect $20 + & a multi day runner The other positive factor for the cannabis industry is the effort in Washington to decriminalize marijuana at the federal level.
NASDAQ:RKDA
by AlenCiken
Ascending Triangle breakout for TNY?TNY has found bullish support at the blue upward sloping line multiple times since April 2020, potentially forming an Ascending Triangle. On the RSI we see a similar pattern as the price, there was a little fake-out that occurred recently but disregard that deviation. On the DMI there's been a bullish cross. Also, worth noting, the red downward sloping resistance that has rejected the share price consistently since Aug 2018, was broken to the upside in June 2020, and every time it's been back-tested since it has acted as support, turning old resistance into new support, inherently bullish. One co-packing announcement or large Beckett's purchase order through Costco, Kroger/Ralphs, or BevMo! should break this ascending triangle pattern flush to the upside, time will tell. Possibly an inverted H&S in green, with the human body icon being the head.
CSE:TNYLong
by ScotianBot
TLRY - Bull Flag (Etoro Portfolio)Marijuana Stock rally as Jazz Pharma agrees to buy CBD maker, we used technical analysis to find out which has entry trade signal. Having a strong uptrend since Dec 2020, forming a bull flag and build up approx. 2 weeks. Break out on 2 of Feb 2021, RSI and Stoch. indicators also level at above 50% as confirmation trend in bullish. I have trade at price 18.11 (can refer to Etoro), next day price open gap jump up. Used Fibonacci Extension to project 1.618 and 2.0 as taking profit level. ===================================================================================================================== I will be popular investor in Etoro, take a look of my portfolio and copy me to start the trading journey. My Etoro Profile: www.etoro.com Etoro Registeration Link: etoro.tw
NASDAQ:TLRY
by ginlin84
ACB - best Cannabis stock for LONG.What do I expect from $ACB (Aurora Cannabis Inc) this week? ☘️☘️☘️ This big triangle is almost ready for a breakout. He was formed throughout all 2020 so it's a start of a big move.🤑 Today we are on 12.80$ price line - the same price was in Oct 2016. And we did +60% per week: from 12.70$ to 21.85$. ✅We have a bullish cannabis sector. ✅We have a golden cross on D chart. ✅We have a bullish pattern on the chart. I think it's one of the best options on the cannabis market right now. TLRY ( Tilray , Inc. ) ZYNE ( Zynerba Pharmaceuticals Inc ) also looks nice! but I see 🚀INSANE🚀 potential in this/next week in ACB . Thanks.
ALong
by Icemoney666
2
SNDL - LONG (update)(update 1/7/20) - SNDL successfully climbed above our cyan resistance line and is now using it as support. SNDL tested the line as support once and did not break back under it. This gives us confidence that the uptrend momentum can now resume. We are now bullish! Many possibilities exist in the world of technical analysis and ours could play out totally wrong, but we believe the odds are in our favor. If in the case SNDL goes down next week, the cyan line is of course our first major support. A break under that could trigger a sell to roughly $0.85. So keep em tight and ride the ride! - HH
NASDAQ:SNDLLong
by HH_Analysts
2
Sundial MT (February 2nd 2021)Sundial (SNDL) (February 2nd 2021 through 2022) Low: $0.56 - $0.60 High: $2.09 - $3.30 - $5.22 This is one I have been watching for a little while and found an excuse to chart it last night with Cindicator asking questions about for a forecast. As it's a cannabis company stepping out of its first gnarly bear market into a world of expanding marijuana freedoms, I have reason to believe this will be very bullish in the coming year or 2. Potentially will exceed my fibonaccis by a couple golden multipliers if the bearish reactions aren't too severe for each new notch Sundial goes up. Definitely a good penny stock to watch for the future, potentially great opportunities here. Most of my fibonacci price action makes sense (to me) and leads me to believe this could be 1 potential working fibonacci setup. The paths are a little bit messy but just gives a general idea of price action I expect to happen. It could happen or slower than I expect it to as well, many things to watch out for but I only hear of more and MORE positive cannabis news in Canada and the USA. In my opinion, the USA's MORE act will help immensely when things really get rolling if it happens like I think it could. Potential cup and handle forming in this chart? If the next few months go "parabolic," I would definitely look for any short term selling points around $5.22 to re-buy at slightly better profit just under, maybe near $3 or $4. Even that scenario might not happen perfectly but I will be watching this one closely in the future if I can help it. Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
NASDAQ:SNDLLong
by Hambooger