Marijuanastocks
CVSI-Entry-Primary 3 WaveOTC:CVSI looks ready to begin its 3rd Wave (Primary). We are ending primary Wave 2. Wave 2 was a FLAT (3-3-5) Correction. Wave A came down in 3 sub-waves which signals a weak sell off. Wave B traveled back near the high and terminated at $6.24. Wave C needs to come down in 5 sub-waves which looks to be completed.
Primary Wave 1 had extended 3 & 5th Sub-waves, respectively.
Trade Price: $2.35
This stock has already been a double plus some and I believe it has a lot more room to run. See related idea for a more in-depth analysis.
Charts:
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Weekly:
Daily:
1HR:
Good Entry: $3.91-$4.39
Will update.
-AB
Sky is the limitNot much to really say.
Weed stock on Redbull and volatilized cocaine. Nothing but the roof of the sky above--and that might get blown through.
$HIPH Featured In Article with $ACB $TLRY and $NBEV$HIPH Was featured today in an article today on www.investorideas.com which included such heavy hitters as the recently infamous $TLRY which skyrocketed from .68 to over $35 recently on its medical cannabis study drug approved for trials in the United States, it also included Aurora Cannabis and also $NBEV which recently had news as well about its CBD beverages.
The article has also made the rounds of multiple sites including Yahoo Finance.
finance.yahoo.com
$HIPH Has many catalysts coming down the pipes the next one of which should be the removal of its yield sign sometime early next week due to financials that were released recently, updating its current status.
All eyes are on the sector as CBD products have seen substantial growth growth in the last few weeks.
I anticipate $HIPH to keep heading north into further CBD Product updates, possible acquisitions and many more catalysts such as different products outlining multiple streams of income which should establish a comfortable trading base at .10 .15 .20 .25 and Beyond.
CGC - Short for the big incoming correction.CGC has completed 5 waves up on the weekly chart. Get ready for a big long ABC correction down to around $22-$25.
MPXEF is bargain compared to CRON, TLRYMPXEF is now the third largest publicly traded cannabis operation by quarterly sales. Only WEED and ACB have higher sales. It leaves CRON, TLRY, and TRST in the dust when it comes to already-reality sales. It also trades at a nice discount to those other more famous names on a sales-basis. It also has not yet run much this MJ season. If you want something top-notch quality with very real revenues and profits, this seems like a good option.
The pennant on the green flagpole is a continuation pattern. There are a million different ways you can draw this pennant and for some of them, it tried to break downward out of the pennant today. However, I like the strong bounce from that failed attempt by the bears. After taking a look at this, I'm buying some more at open.
Here are a few tweets/articles with useful further info:
- third largest by sales
- comparison to peers price-wise
- investor call and expansion plans
- more peer comparison and SS
- peer comparison
A little hip on the dip Legalization is near by as the vote for the bill to pass will be held on June 7th, 2018 and legalization to happen in sometime August 2018. HIP prices dip on the news of their recent dilution of shares. Its currently sitting at an oversold situation on the yearly chart and 6 months chart. Last time it reached an oversold situation the price of shares doubled in value. It went from $0.68 to 1. 30 in 2 weeks of time. This is more like short term holding situation and it can continue to drop a little bit more. A few big buyers at the mark of $0.70 but a lot more big sellers around the range of $0.71-0.73. HIP.
A little hip as it dipsLegalization is near by as the vote for the bill to pass will be held on June 7th, 2018 and legalization to happen in sometime August 2018. HIP prices dip on the news of their recent dilution of shares to raise more money . Its currently sitting at an oversold situation on the yearly chart and 6 months chart. Last time it reached an oversold situation the price of shares doubled in value. It went from $0.68 to 1. 30 in 2 weeks of time. This is more like short term holding situation and it can continue to drop a little bit more. A few big buyers at the mark of $0.70 but a lot more big sellers around the range of $0.71-0.73. HIP.VN
CRON getting ready to bounce off lower points of resistnace and Cron might be about to 'get high' it looks like it is losing downward momentum on the MacD indicator, the RSI line is nearing the bottom and it is also getting closer to the bottom bollinger ban. It might still have a few days to go in order to hit bottom but price looks like it is already starting to level off from the down swing. Might be a good entry point. They recently reported Q1 earnings which didn't seem to blow investors minds very much, they were probably hoping to see a profit (turns our investors like profit) but there was massive growth in sales, just large growth in capex as well that ate away profit. So I'm not really seeing long term concerns that others may have, in fact the company is expanding operations. Unfortunately it just costs money to do that. The high PE ratio is a little icky, but they have pretty good liquidity. Over a hundred mill in assets. Debt to equity looks pretty good.
Aphria Rocking and RollingAphria breaking out of downward channel, bouncing off support at $7.50. Buying volume looks good, and when there
are sell-offs it is on much lower volume. Breaking out of resistance and closing above $9.95 will be very good for the mid-term,
closing above $10 will break huge psychological barrier and probably lead to a nice run up long term. Aphria is a great
company, planning for the long-term beyond just hoping for nation-wide legalization in Canada later this year. They have a lot
of cash on hand, and continue to eye new opportunities both within Canada and abroad.
Aphria Rocking and Rolling over past couple daysAphria is breaking out of a downward channel and has repeatedly bounced off support in the $7.50 range. If we can close above 9.90 on the
4 hour chart, although there may be another couple of down candles I suspect a cup and handle will form and we will see price enter solid up trend with stronger buying volume. Aphria is one of the few profitable marijuana companies in Canada currently, with a ton of cash on hand to spend acquiring more valuable companies and property for production. I am very long on Aphria as there current business is not strictly dependent on recreational going live in Canada this year, and they have an eye towards international expansion.
CRONOS FINDING SUPPORT ON 200 day MAI think Cronos has found solid support off the 200 day moving average on strong volume.
I am definitely long medicinal and recreational marijuana companies in both Canada and US,
but you have to stick to those with solid fundamentals and long term strategies. Cronos has
shown attention to detail in both arenas and is continuing to build its portfolio.
BTC compared to Aphria (APH)I believe I have found a connection between Bitcoin and the MJ industry. When comparing BTC to APH I have found stunningly similar trends but Bitcoin seems top make the first move by almost a month. I have placed alphabetical reference points to show the comparison.
Since BTC seems to be ahead of APH by a month, I went ahead and placed the next trend line/target(G) based off of the most recent moves from BTC. I believe that if it follows this trend, then APH is looking at positive trend upward and a slight pullback in the month ahead.
Buy APH now and hold to target price G?
Will this trend continue in the future??
$CRON - Short Term BullishShort term bullish if technical break of long term apex with high vol
MACD curling
Entry @ $8.00
Stop loss @ $7.50
Exist @ 9.20