Quick TradeQuick short. Was waiting for the signal. Just breached 80 on the RSI
Smaller size on this
CGC
Head And Shoulders Pattern, Trend ReversingWent up 1700% after reverse split. Broke support yesterday on increased volume. Had my eye on this one for awhile.
Short WEED/CGC based on ascending wedge resistanceChart is self explanatory - we are at resistance inflection point. The stock has had a huge run up, the higher probability odds is that price retraces down to $50 area prior to the next leg up.
Long update (TSX)looks to be potentially breaking out of a few month downtrend. lagging other cannabis stocks. trigger: 9.39 to add $CGC $CRON $MJ
Weekly hanging man on Canopy Growth CorpWe'll probably see a red week next week.
Spetember is usually a bearish month for stocks.
The good new is that in Oct-Dec stocks perform great.
Short TilrayWhile volume still looks strong we are starting to see some divergence on multiple indicators. I'd wait for this to cool off before going long. Tomorrow might be the day to go short. I wouldn't be surprised if it was up PM and started heading down after open.
CGC Fibonacci RetracementsFib Retracements work too well.
Looking to reload between $33.50 and $40
1,1,2,3,5,8,13,21,34,55,89,144,...
Comparing US MJ to CANN MJ for first day of legal sales - logFirst day of legal sales in Canada is Oct 17 (AFAIK) so comparing to the first day of legal sales in Colordo (1 Jan 2014) is a good idea.
Green line here shows the week of legal sales. Price ran up into it (similar to the action we're seeing in CANNMJ now ) and it didn't stop once sales started.
This is for all the bears in the Canadian MJ space. Watch out.
$CGC $WEED $CRON $APH $ACB $TGOD $TLRY
Comparing US MJ to CANN MJ for first day of legal sales - logFirst day of legal sales in Canada is Oct 17 (AFAIK) so comparing to the first day of legal sales in Colordo (1 Jan 2014) is a good idea.
Green line here shows the week of legal sales. Price ran up into it (similar to the action we're seeing in CANNMJ now ) and it didn't stop once sales started.
This is for all the bears in the Canadian MJ space. Watch out.
$CGC $WEED $CRON $APH $ACB $TGOD $TLRY
This pennystock (shitcoin lol) just had a delayed pump interestingly enough
Comparing US MJ to CANN MJ for first day of legal sales - logFirst day of legal sales in Canada is Oct 17 (AFAIK) so comparing to the first day of legal sales in Colordo (1 Jan 2014) is a good idea.
Green line here shows the week of legal sales. Price ran up into it (similar to the action we're seeing in CANNMJ now ) and it didn't stop once sales started.
This is for all the bears in the Canadian MJ space. Watch out.
$CGC $WEED $CRON $APH $ACB $TGOD $TLRY
Comparing US MJ stocks to Canadian MJ for Oct 17First day of legal sales in Canada is Oct 17 (AFAIK) so comparing to the first day of legal sales in Colordo (1 Jan 2014) is a good idea.
Green line here shows the week of legal sales. Price ran up into it (similar to the action we're seeing in CANNMJ now ) and it didn't stop once sales started.
This is for all the bears in the Canadian MJ space. Watch out.
$CGC $WEED $CRON $APH $ACB $TGOD $TLRY
Long NEPT (NYSE) NEPT.ca (TSX)broke out of the recent downtrend her in a hot sector. volume rising as well $CGC $MJ $HMMJ.ca $ACB.ca
Long ALEF.ca (TSX)This cannabis stock is finally breaking out after an early entry and patience. Cannabis sector hot right now. $CGC $MJ
Long NEPT (NYSE)broke 2 recent lower highs. long on the second break on increasing volume of late $NEPT $CGC $MJ
LONG set up in XLY.ca (TSX)Long over 0.85 based on a break above the recent lower high on daily. volume support as well. $WEED.ca $CGC $MJ $APH.ca
Buying 1/2 PositionLooks pretty oversold here. I'll explain later because i don't have time/ I had a chart previously made up but I must have deleted the drawings
another CGC pennantcannabis has been good to me... let's see if the trend continues and she goes higher :)
$CGC Canopy Growth Corp Oversold at Support$CGC Canopy Growth Corp Oversold at Support - RSI looking very oversold (15 on the hourly chart), expecting a bounce in the very near term.
Short term target: $27.00
Medium/Long term target: $36.00
Note: Observation/opinion, not investment advice.
PM LongConsider looking for a long position in PM as it failed to follow through on a new 52 week low attempt.
LONG GRO (GRO.ca - TSXV) MInteresting set up here on the monthly $WEED.ca $HMMJ.ca $CGC $MJ. Higher low on the weekly and monthly
