HMMJ, time to buy?HMMJ , could be a great buy. Price almost reached the ATL. It also break on the trendline or descending channel. But it could also be another faker.
HMMJ
Aphria Tanking on Weak Earnings, Revenue MissIf the 100DMA breaks, it's all over. We're at critical support, and it has to hold, else the 200DMA comes into play at 9.10. If we see a notable bounce off broader earnings strength this week (positive ETF flows), we could be in for a profitable bounce of 10-15%...
Random Walk Index Indicator (RWI)This is a perfect indicator to determine the trend direction!
💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲
✅ Uptrend strategy:
When RWI high (purple in this video) is above the RWI low then the trend is up.
Combine this indicator with the Fisher Transform indicator, then open long positions as per the Fisher Transform when the trend is up.
✅ Downtrend strategy:
When RWI high (purple in this video) is below the RWI low then the trend is down.
Combine this indicator with the Fisher Transform indicator, then open short positions as per the Fisher Transform when the trend is down.
Uptrend strategy:
When RWI high (purple in this video) is above the RWI low then the trend is up.
Combine this indicator with the Fisher Transform indicator, then open long positions as per the Fisher Transform when the trend is up.
Downtrend strategy:
When RWI high (purple in this video) is below the RWI low then the trend is down.
Combine this indicator with the Fisher Transform indicator, then open short positions as per the Fisher Transform when the trend is down.
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.
HMMJ bullish market incoming!It's my first idea here:)
I see a good spot for LONG. All cannabis stocks are bullish now.
We have a golden Cross for HMMJ.
Buy 10.35
SL 15%
TP1 13.9
TP2 18
An MJ ETF with a strong arc provides tantalizing guidance.With all the positive catalysts supporting MJ stocks, I believe its arc provides the most potent evidence for good times ahead.
Long set up- 3.5- 4- 8War: America vs. Drugs. thousands of lives, trillions spent. They are conceding to drug finally. Drugs win! $MJ $CGC $TLRY $HMMJ $CRON $GWPH
Canopy Looking Particularly WeakCanopy is in a defined downtrend, and has been trading below it's 21 day EMA since mid August with diminishing volume. Note: earnings release is early November, and the stock has consistently sold off heavily on recent earnings reports off the back of low demand, high supply, and the natural constraints of scaling the edibles/drinks business, among other constraints.
The industry has taken a beating with favorites like Aphria down 90% plus from past highs. Aphria's recent earnings report was a monster disappointment, and sent the stock tumbling 20% plus in a single day. I've seen moves of similar magnitude to the downside in Canopy off the back of recent, and similarly disappointing earnings reports. I suspect just as we've witnessed before, the stock will be pumped into earnings, only to be hammered lower once again.
Stay tuned.
Michael
If you like our analysis, please hit the Like button and subscribe to our profile so you don't miss our new analysis and updates.
The information and analysis shared in this post is not financial advice. Always conduct your own analysis and research.
HMMJ.CA Still looking petty bearish. Now that the vote on legalization has been postponed till after the election, it's hard to find many catalysts to help get the sector out of the doldrums. Much of the bad news has been priced in, but perhaps not enough. It seems bankruptcies are being factored in based on its price action. Let's see...
Does HMMJ.CA break up or down? Here's a short term chart for Horizons Medical MJ. It's been trying to base over the last week, with some continued follow-through, albeit timid. I expect we're winding up to the #More vote scheduled for the week of September 21st. For me, it's a coin toss. The overall trend is clearly bearish, but it's certainly putting up a fight to reverse that.
Possible break above bearish channelAn attempt to break free from its long-term bearish channel is imminent. Recent support pegged at $6.15, a close below it will signal continued bearishness.
Are we finally finding a bottom?I had published a previous chart on HMMJ, which for now has failed, overshooting to the downside. I have to believe so much bad news has been priced into the sector. There are a couple of positive catalysts that may provide the lift needed to gain favor with investors.
Good looking setup.I like the setup to at least test previous support. A break above would get my attention.
Cronos: some gaps to fillStill looking constructive here. looking for a bounce here and a move back over 6. would give a nice discount opportunity on Jan 2021 9C's $MJ $CRON.CA $HMMJ $HMMJ.CA
HMMJI see a potential move up here. I opened a trade at 6.75 at the support line, taking profit near the resitance line.
Stoploss at 6.58.
PS: I'm in no way an experienced trader, nor is this investing advice. I't is mainly just for me to keep a record of my charts and review them at a later time.
$HEXO BULLISH ON ALL FRONTS!From Light of the 5th Moon.....
Earnings around the corner from that!
A license to SELL RETAIL from HEALTH CAN!
Many many things are coming together
4HEXO it has been a long road, some of the greatest challenges
are about to be overcome....
Cannabis Stocks Crash / HMMJ Marijuana ETFHorizons Marijuana Life Sciences Index ETF (“HMMJ” or “ETF”) seeks to replicate, to the extent possible,
the performance of the North American Marijuana Index (the “Index”), net of expenses.
The Index is designed to provide exposure to the performance of a basket of North American
publicly listed life sciences companies with significant business activities in the marijuana industry.
Currently, 11 U.S. states allow the legal use of recreational marijuana, while 33 states have legalized medical cannabis.
But those numbers could soon change.
Nine states could be on track to hold key votes on some form of marijuana legalization in 2020.
Disclaimer:
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature,
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
[HMMJ] HORIZONS MARIJUANA LIFE SCIENCES IDXThe Searching of a PotStockBottom ... HMMJ
The BigPicture
PriceLine Chart
RENKO
RSI+MFI
second view
third view
PriceLine Chart
RENKO
Laguerre PPO 4C
weedweeed & hmmj
not chagin or guessing bottoms...ugly charts at moment..let's be patient for entries Nice gap and continuation would be best play to watch for reversal
