Phivida Ranging Within Volume NodeVIDA is definitely trading within a range also represented by a node of high volume. While this can be considered "neutral", watch for MACRO conditions to pull this pot stock to new lows if things get real bad. You may find the RSI helpful in observing direction here as it's already hinting something.
CBD
LEAF - Boston Globe News - Feds Lawsuit - Short? Thoughts?Hard to short sell here, but as of 30 minutes ago.. Let me know the impacts/your thoughts? Looks like news hasn't hit major stock news outlets yet.
Post comments.
About stock: www.marketwatch.com
www.ftc.gov
www.bostonglobe.com
PHIVIDA CBD Energy Drink. Made in Canada with Organic Debt. Tickers VIDA (Canada) and PHVAF (USA) have been in trouble for a bit. Tons of failed descending wedge breakouts over this last year, which was an inherently bearish sign during a bull run. I think with global supply chain gluts and the corona-virus threats we will see this descending triangle break down to near few penny's, specifically $0.02 or less. On the rare chance it breaks up and out, I can see us going towards $0.18
This is a do or die situation in my opinion. I think this market might be ready for consolidation, but I honestly hope that I am wrong. Please give me a Like / Follow and check out my other charts. Comments are welcome if you agree or disagree, let debate it.
I have no skin in this game and this analysis is pure speculation, not financial advice.
NBEV bounced off the 200 Day MA strong.Does this potentially indicate a bottom for NBEV? There's a nice rounding bottom that may form a cup & handle
A cup and handle price pattern on bar charts resembles a cup and handle where the cup is in the shape of a "U" and the handle has a slight downward drift.
A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities.
Traders should place a stop buy order slightly above the upper trend line of the handle.
It is worth considering the following when detecting cup and handle patterns:
Length - Generally, cups with longer and more "U" shaped bottoms provide a stronger signal. Avoid cups with a sharp "V" bottoms.
Depth - Ideally, the cup should not be overly deep. Avoid handles that are overly deep also, as handles should form in the top half of the cup pattern.
Volume - Volume should decrease as prices decline and remain lower than average in the base of the bowl; it should then increase when the stock begins to make its move higher, back up to test the previous high.
A retest of previous resistance is not required to touch or come within several ticks of the old high; however, the further the top of the handle is away from the highs, the more significant the breakout needs to be.
The RSI is high on all time frames except on a 5 year chart attached to this one you can notice the RSI is around a 46 which is kinda neutral, it's approaching an area where there's been some moderate resistance, but the RSI has risen to a 94 on the 5 year chart & it's stayed in the high 70s for the 2016, 2017 & 2018 bull run.
It's interesting that they've recently launched a CBD Hemp beverage in Japan.
NBEV LONG TREND REVERSAL NBEV long option trade
enter option at
entry 1 $1.84
entry 2 $1.68
sl $0.80
tp.1 $2.40
tp.2 $3.60
tp.3 $4.80
tp.4 $6.00
tp.5 $8.00
$LABS - Medipharm Labs - DailyStill playing in the giant descending wedge from way back in August 2019. I am a buyer at 2.91 with a tight stop loss @ 2.80.
Is Phivida Bullish Yet? Has it bottomed? US Ticker VS CanPhivida is a major CBD Canadian energy drink manufacture, who is clearly high in debt but has a great product, sales and decent market share. Fundamentally I have no idea if they can survive long term, but it does seem that they have come off all time lows and are now rising.
Interesting, is the fact that the US ticker PHVAF does tend to be more volatile than VIDA , its Canadian ticker, however its almost like you can watch VIDA to predict PHVAF.
Also, there is a GAP on PHVAF on the Daily! So can we see 8.8 cents again before lift off. This could be a complicated setup but if you watch VIDA and try to trade PHVAF perhaps this could be a good setup. I wouldn't expect the same pullback on VIDA as it doesn't show a daily gap.
Please remember that this is not trading advice!
Cannabis will reach the US... sooner than later!Recent significant events:
House Passes Bill to Protect Banking for Marijuana Businesses
Measure would prevent federal regulators from penalizing institutions that serve companies operating in states where cannabis is legal. // September 25th, 2019
House committee approves landmark bill legalizing marijuana at the federal level
The House Judiciary Committee (Democratic-controlled) approved a bill that decriminalizes marijuana on the federal level, removing it from Schedule 1 of the Controlled Substances Act.
The legislation, which passed 24 to 10, has a high chance of approval in the full House where Democrats control the chamber with 234 seats. It’s likely to face a tougher battle in the Republican-controlled Senate, where Majority Leader Mitch McConnell opposes marijuana legalization. // November 19th, 2019
There is no date for the senate to review the bill; we could see large volatility then. (will update asap)
Technical analysis:
Volume on the ladder of the events created the 3rd largest volume daily since MJ ETF was created (2016).
20SMA is our nearest resistance.
--Keeping cannabis related stocks/ETFs closely watched.
Massive Bounce off Major Support after Unnecessary Dump PT LT $3Photos of the newly built first dispensary from the company were posted and some people were not thrilled however they failed to do research on the clientele in the area which is why the building was built the way it was. In addition it is due to a developing segment of the county that should see massive growth in the next two years.
Remember this is the first of many dispensaries to be built by the company. Looking to see new highs next week after investor confidence surged after midday today with a massive recovery on the candle.
HMPQ: Bullish breakout buy possibleFor some the first trend line break would be enough, with the volatility HMPQ has I like to look for second confirmation before entering. Positive news with sales on the website supposedly as well. Wait and see
$COWPP Breaking New 52 WK Highs PT $5 March - July 2020$COWPP should be reinstated in the next several days or sooner with the company having future plans to be integrated into a possible Marijuana Conglomerate featuring different companies that will have a distinct goal of taking advantage of the elections this and next that will see a massive surge in Marijuana companies and their influence with the rules and regulations being very favorable to the industry.
$TOMI Ascending Slowly With Developments PT $5 July-Dec 2020$TOMI Has a multitude of developments on the way including a 2 Bil A/S reduction, an O/S reduction which they completed recently and a R/M with a Company with a conglomerate of companies under an umbrella of 3 distinct industries; Entertainment, Health and Tech. The name and R/M is suppose to be completed within the next 3 weeks or sooner IMO. The name has already changed if you search the company using Google.
$SGDH Techs Reset Second Leg Begins Tomorrow PT $3 July-Oct 2020State and City has now approved the Plans for the first $SGDH Dispensary. The company now has 360 integration with the grow facilities and now the dispensaries. $SGDH is projected to become one of the top if not the top MJ growth stock of 2020. All of this is imo, but there is sufficient evidence given the due diligence done to support this.
$SGDH Cleared for Take-Off after RSI Reset Court Hearing at 6PM This has been one of my long term plays and for good reason if you check my prior updates. After the hearing and approval tonight I see above .10 tomorrow and a push onto its second major leg up with a PPS target of .25 before the next consolidation period takes place.
$SGDH Lease Agrmnts Now Approved by CO. For Facility & StoreLease Agreements with a Large Marijuana Cultivation Facility and a Retail Marijuana Store have now been finally approved by the state.
We are also partnered with $CGRW Green Houses whose plants will soon be in our product line through our JV with $CGRW
If you remember $CGRW went from .00s to over $3.45
$SGDH itself was .80 cents in 2009 and .30 cents more recently in Jan of 2018
This has a slightly bigger S/S than $CGRW but catalysts coming here are on par or maybe even slightly better than the ones $CGRW had. We also have the same team from that company working with ours as well.
For a short background on what our company also does, $SGDH is a holding company which owns and operates through its wholly-owned subsidiary, Ecopaper.com. Its goal is to acquire new technologies which can positively impact our environment either through internal development or by acquisition.
News is far and few between but when it hits its always a game changer release, check out these two PRS from 11/14/18 & 10/2/19. Read between the lines, We’re now so damn close.
Is 22ND Century trading in a descending triangle?Maybe a bull flag or ascending triangle as well. It looks like they're trading above the 200 Day MA, which is bullish for the stock in determining the direction of the trend at times.
VIDA heading back past 50 cents and then ?Watch for a break out here next week. I think we could see a break up past 40 cents soon and into that 50 cent range. After that we could really start to move back up. VIDA has recently done some good partnerships that will help on the fundamental side.
Will Vida Launch? A slightly premature judgment.I may be jumping the gun here on the daily chart but Vida did have a bottoming out and I believe we could be running back up again.
Acreage Holdings - Insider Open-Market Stock PurchaseJuly 15, 2019 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage”) (OTCQX: ACRGF) today announced Kevin Murphy, Chairman, and Chief Executive Officer of Acreage Holdings, executed an open market stock purchase for 154,000 shares through the OTCQX on July 12th.
The transaction, valued at more than US $2,000,000, was executed on the OTCQX open market on Friday, July 12th. The 154,000 shares acquired represented more than 72% of the average daily trading volume on the OTCQX.
“With the downturn in industry stock prices recently, this was an opportunity to show investors that Acreage management is committed to creating long-term shareholder value,” said Murphy. “We remain focused on executing on our strategic plans, including fully leveraging the power of Canopy’s IP. Additionally, we have been in dialogue with executives from both Canopy and Constellation, and I can assure all of our investors that all three companies remain fully committed and excited about our recently executed agreement.”
Cannabis headlines - turning bullishThe Cannabis ETF (MJ -4%) is trading at at six-month low as investor hype around cannabis stocks has faded.
In a somewhat predictable sell-the-news reaction, the MJ ETF peaked when recreational cannabis went into effect last Fall after staging a massive run leading up to the highly anticipated event.
Since then, the onus has been on companies to deliver. Most of them have begun reporting enviably strong sales growth, but the euphoric valuations had priced in a generous amount of future success.
Last week, Canopy Growth (CGC) Founder Bruce Linton was ousted from his role as co-CEO. He did a great job scaling the largest cannabis company in the world, but Constellation Brands (STZ) sought a more sound operational manger for the next phase of growth at its multi-billion dollar cannabis investment.
This week, CannTrust (CTST) announced that it was non-compliant with certain regulations in Canada, resulting in millions of grams of inventory being put on hold. The stock has nearly been cut in half.
The cannabis market is still nascent and the THC and CBD markets have tremendous long-term potential, but unforeseen events are par for the course in the world of business. In hindsight, cannabis stocks were priced for perfection, so it was just a matter of time before sentiment cooled off.
Cannabis stocks have pulled back from their aggressive valuations as expectations have been set at a more reasonable level.
Headwinds in the form of regulations and capacity constraints appear to be abating as the industry starts to mature. The growth outlook remains very promising.
Despite the recent sell off, the leading (largest) cannabis companies Canopy Growth (CGC), Tilray (TLRY) and Aurora (ACB) still trade at ~20x forward revenue estimates. With the backing of Altria (MO), Cronos (CRON) is even more expensive relative to sales estimates while Aphria (APHA) trades at a discount.
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