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CGC

$TLRY sniper edition #6*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: On October 21, 2021 My team entered $TLRY at $11.56 per share. We increased our position on October 29, 2021 at $10.30 per share. My team averaged down on our position today at $9.50 per share bringing our share average down to $10.45. We have also updated our take profits. OUR FIRST ENTRY: $11.56 OUR 2ND ENTRY: $10.30 OUR 3RD ENTRY: $9.50 TAKE PROFIT 1: $15.30 TAKE PROFIT 2: $29.0 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:TLRYLong
by SimplyShowMeTheMoney
13
$CGC approaching a major support level, demand zoneWe also still have the Republican legislation bill that is still in motion, initial reports of this bill were on the 15th, but no news yet on when they expect to vote on this bill. finance.yahoo.com Today, noticed a 12 Put sizzle index compared to just 1.7 on Calls.. we expect to see a move down to the green buy region. When CGC announces new CEO and key executive leadership, this will create a bullish catalyst for a move higher.
NASDAQ:CGCLong
by attiladaahun
Canopy Growth Corp - General Cannabis RunHey looks like CGC, TLRY, ACB and the WEED etf's are starting their general cannabis run. Canopy has come down to it's lows and might be looking to takeoff here, rsi weekly is starting to inflect and macd is crossing over this could run for a long time several months possibly back to 50$ area. Lower time frames are overbought so might see some red to start the week next week. A buy price of 13.00$ would't be too bad. Also check out EDEN.CN on the Canadian Securities Exchange: Eden Empire is a new player in the cannabis space in Canada and the U.S, they are starting grow operations and have chain of dispensaries and are growing and expanding fast! Other's to check out are mentioned above CGC, TLRY, ACB and the WEED etf's. ca.finance.yahoo.com ca.finance.yahoo.com
NASDAQ:CGCLong
by UnknownUnicorn12070690
2
CGC ready for trend change?CGC and other marijuana stocks have been smoked for the last 10 months straight. This may be a good entry to dollar cost average (DCA) for at the very least a 100% bounce or a 600% return back to all time highs. It has been trading within a triangle and could find support at current prices but may also go lower to $5-8. I have 2 scenarios on this chart that i think could play out. Low RSI, decreasing volume, and other indicators point to good entry. This is only an idea. (not financial advice) DYOR.
NASDAQ:CGCLong
by H8rH8r
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 girl scout sniper*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* $TLRY and other cannabis related stocks have finally broken out of bearish territory. My team doesn't expect this brewing bullish momentum to slow down any time soon, especially with loosening regulation around the corner. My team entered $TLRY today at $11.56 per share and plan to take profit at $29. Their next earnings report is expected to be released 11/8-11/12. ENTRY: $11.56 TAKE PROFIT: $29.00 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:TLRYLong
by SimplyShowMeTheMoney
Looking for a bounceDaily RSI at historic Oversold bounce levels. Almost as beat up as the covid crash right now. In the past we have bounced 25%-80%+ when bouncing off this level of Oversold conditions. There is also a gap on the daily now above at these extreme conditions that needs to be filled Also in a buy/support zone on the daily Weekly Oversold 4HR at historic Oversold bounce levels 1HR at historic Oversold bounce levels Daily looking to like a potential falling wedge, at price support/buy zone, at historic oversold levels with now a daily gap above to fill. A lot of confluence and the stars aligning for a good multi-day/weekly bounce out of OS conditions
NASDAQ:CGCLong
by Natestradamus
$CGCCanopy Growth Corp stock is lower by -10.07% over the last 12 months, and the average rating from Wall Street analysts is a Hold. InvestorsObserver’s proprietary ranking system, gives CGC stock a score of 33 out of a possible 100. That rank is chiefly influenced by a long-term technical score of 12. CGC's rank also includes a short-term technical score of 16. The fundamental score for CGC is 71. In addition to the average rating from Wall Street analysts, CGC stock has a mean target price of $23.14. This means analysts expect the stock to rise 56.12% over the next 12 months. But when we move to the technical side of things, Canopy Growth Corporation has been struggling to break above resistance for quite some time. It’s also sitting in oversold territory so you’d expect price to retest resistance sometime next week. If price is able to break above I have no question in my mind this will be a huge win. Keep this on your watchlist. - Factor Four
NASDAQ:CGCLong
by TheBlankFund
CGC - Your chance to feel good about your weed addictionThis is truly, your one and only chance to prove to your wife that your weed addiction is paying off. After awhile, she will join you, don't worry. You are just an early crusader, the pilgrim, the visionary and she doesn't know who she really married - THE LEGEND. This is your chance fellas don't blow it. I mean look at this beauty. I am holding this bag until it reached at least $100 and then $120. Options - F that. Buy and hold. If you want to get into a growing market - this is it. Do you know how many people out there have never tried it? Do you know what happens after they try it? A huge line around the corner waiting to get in the MedMen store - the Apple of cannabis. Watch Tilray, CGC, Medmen, etc, closely.
NASDAQ:CGCLong
by bossmodetrader
2
Revisting the Cannabis+Altcoin CorrelationSeveral times over the past few years in crypto, Cannabis has lagged behind the altcoin market and put in some incredible catch-up rallies. When the risk appetite gets excessive, the fast $ often flows from crypto to Cannabis. I think the R/R here on some Cannabis names could be massive. Full disclosure I posted this same correlation back in April/May and we didn't get much of a move from weed. I still the the R/R is worthwhile. I will be looking to buy pullbacks on CGC, TLRY etc.
AMEX:MJLong
by WLinvestment
1