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Marijuanastocks

TLRY: The secular bull market potential of potIn bear markets when volatility is high, so many stocks tend to have a correlation of 1 to the S&P 500 making it very hard to find stocks bucking the trend. Frequently, the only place to find secular bull markets in these environments are in penny stocks or biotech stocks that are in the midst of creating something new and marketable. With the advent of new legislation sweeping North America to legalize pot, an entirely new sector has emerged: marijuana stocks. TLRY, which IPOed this summer was subject to an insane first few months as it rocketed from $17 to $300 in 2 months. Pot bulls cheered the ability to invest in this untapped industry (at least legally) while bears suggested that these companies have high costs, no earnings, only potential, and were way overvalued. I actually agree with both camps on this one. My ambivalence aside, that doesn't stop me from wanting to buy a stock that has broken a downtrending channel on good news and that is exactly what TLRY did on Friday. Illustrated in the chart above, TLRY has broken a 3 month long channel on the back of news that Privateer Holdings (Peter Thiel's fund) would not be selling any shares when its lock-up period on 76 million IPO shares expires on Tuesday of this week. I believe many investors and short-sellers were targeting this lock-up period as a time of turmoil for the stock. It seems with this announcement that the bears have been stymied. I believe this is good enough news (both technically and fundamentally) to buy TLRY with the following parameters: Buy TLRY under $100 ($96 as of Friday's close) Target 1: $114 Target 2: $140 Stop: $83 This stock trades quickly. I would recommend using a trailing stop as well.
NASDAQ:TLRYLong
by TradeWithAdam
7
Significant delays for New Age Beverages Corp.Technical Analysis: - Support: 4.92; 5.47 - Resistance: 5.71; 5.96; 6.30 I would recommend a SL: 5.96 and a TP: 3.52 - MACD: Short - RSI: Short - Momentum: Short - OBV: Short Fundamental Analysis: Head Line: "CBD-Infused Beverages, Delayed Indefinitely" "It is unlawful under the FD&C Act to introduce food containing added CBD or THC into interstate commerce , or to market CBD or THC products as, or in, dietary supplements, regardless of whether the substances are hemp-derived. This is a requirement that we apply across the board to food products that contain substances that are active ingredients in any drug.” FDA didn't changed its opinion after the Farm Bill at 20th December -> CBD infused products are still illegal Consequences: "The company will face significant delays and reduce guidance in 2019"
NShort
by UnknownUnicorn3863111
Potential Buying Opportunity in WEED.TOPrice has fallen to a rising trendline and is consolidating after a false drop below a prior low. IF (and only IF) it breaks higher out of the consolidation is this a potential long trade. I like the consolidation because it allows for well-defined risk control, with a stop loss placed below the consolidation or recent low. I also like that the Nov 20 low just barely eclipsed the Oct 30 low, and then quickly rebounded. In a long-term uptrend I like to that start of action in pullbacks, as it indicates the pullback may be near completion. Still need to wait for a pop higher before I consider entering, though. Disclosure: no position yet, but a potential setup.
TSX:WEEDLong
by CoryMitchell-CMT
2
CGC Stock Jumped 7.68% Yesterday Nov 6, 2018, Why?What is the News Catalyst that is Causing Canopy Growth Corp Stock (CGC) to Move up the Charts So Rapidly? The catalytic news that could’ve catapulted Canopy Growth (NYSE: CGC) stock has finally come and has catapulted the stock to a whopping 7.68% gain today November 6, 2018 1:34pm, ET. As a result of this catalytic news CGC looks like it is heading toward 55.91 and possibly higher (55.71, 56.56, and 57.41 are possible targets) before a reversal becomes inevitable. In fact, $71.90 per share is the next target that is possible if the stock continues its hyperbolic move up the charts. This price target however, may take a little longer to achieve simply because CGC holders like to take profits when the time is right. So, there could be a profit-taking time that presents itself way before the $71.90 per share price point is reached. In fact, there are a few price points that could appear above the $57.41 price level. They are $69.35, $70.02, and $71.05. In fact, those prices are not at all arbitrary, they have some credence behind them. Our trading strategy has a very high level of reliability. There could be many price levels above our original support zone of $36.71. Therefore, we would buy the stock if it gets to $36.71 and sell it when it gets to our hypothesized support zone of 44.88 or anywhere close. In past analysis, we have noted that point. Click here to see the entire article. Disclaimer: (c) Mstardom, Inc., Mstardom Finance does not provide investment advice.
CLong
by mstardom
1
$CGC $WEED ABC correction down to 200dma So the entire cannabis sector is getting absolutely hammered after the Canadian full legalization "event" on October 19, 2018. This "event" is a non-event in my view as there is/was no new information brought to the surface. All info was known ahead of time. Therefore the correction of the recent rally is fully warranted. What I am seeing is that from the August lows of ~$24.46 on a pre-earnings dump we had a 5 wave run to a pre-Oct19'18 high of ~$59.34. I think a plausible scenario is that there is a significant ABC correction. (A) may take prices to the 0.382 retrace or perhaps the previous 2018 swing highs around $36.00. The (B) wave rally may coincide with a run to the 0.618 and the 50dma in the $46.00 range ultimately failing and giving us the (C) wave down to the 0.236 of the August to October move which could coincide with the 200dma when it occurs. I am going to assume that $CGC $WEED will remain the leader in the sector and the other names will largely correlate in time.
CShort
by Justiceisfalse2
11
Tilray to $260+ by end of 2018 TLRY LongThe ascending triangle is most often a continuation pattern, so we should expect a bullish break to US $260 by the end of the year if the pattern plays out. This is support by Tilray's plans for global expansion and the decision today to legalise recreational use of marijuana in Canada. Recently the Tilray price has dropped despite a lot of good news for the marijuana industry in Canada. I believe this is because of lot of people are profit taking at these levels as they invested a while back when the price of Tilray (TLRY) was much lower.
NASDAQ:TLRYLong
by James_Winsoar