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Mj

Is MJ getting ready to break $24? Too early to tell, but it looks as though MJ is bouncing off a $24 resistance level while also developing a bearish divergence in the RSI and MACD. If MJ stays within the drawn channels, I could see it selling off a bit and testing the lower channel/MA to form an ascending triangle. This should also create the opportunity to bounce off the RSI support and make way towards the $24 level again. I believe MJ has a positive long term outlook, so I would most likely be a buyer of a $24 break or a $22 retest of the lower channel...interested to see where it goes from here.
AMEX:MJLong
by TShelbyLtd
WEED - euphoric rally spike.Hi, This is what happened after the last euphoric rally in tilray. I was just learning to trade, and was hyper optimistic on the weed sector with recent state level legalizations sure to drive the market. I rode tilray down way too many slow slides as I learned the market cycles. This peak will be no different. Im excited to see how closely it tracks the previous pattern, and when it breaks out, which way it goes! Hopefully up! Be careful trading in the high risk parts of the market cycle... better to be patient for when the surf is up than to loose all your credits swimming around in the chop. :) Good Luck!
NASDAQ:TLRY
by DHLawrence
3
MJ...no not Michael Jordan! Call!Sorry, in class and can't give full analysis. Everyone likes weed. COVID sucks, and I just saved a bunch of money on my car insurance by switching to geico.... Strike Price: $33.40 Price should test the new resistance zone. Which was an all time high a few years ago. We see where the world is today...I think it'll surpass the resistance. Unfortunately, my contract expired 2/19.... lmk what you think? like, follow, agree, disagree? -Amatuer Robinhood Trader
AMEX:MJLong
by Redimere_91
OGI (OrganiGram Holdings Inc)OGI is a Canadian Cannabis company. Covid slow down has obviously hurt the business for OGI . Ontario and other major provinces are now getting licenses out faster to people so this could provide a catalyst. In addition to this the blue wave, and NYC's Cuomo's positive comments about cannabis have me willing to take a shot on this. Monthly levels of interest are marked with green lines. Falling wedge in the process of playing out I am aiming for somewhere $3+ longer term.
NASDAQ:OGILong
by machinelearnt
THE WEEK AHEAD: TWTR, TEVA, UA, UBER, ZNGA EARNINGS; MJ, SLVA little late to the game this week, but don't think I missed much. EARNINGS ANNOUNCEMENTS IN UNDERLYINGS WITH HIGHLY LIQUID OPTIONS: TWTR (53/84),* announcing Tuesday after market close. TEVA (16/63), announcing Wednesday before market open. UA (42/68), announcing Wednesday before market open. UBER (11/59), announcing Wednesday after market close. ZNGA (11/63), announcing Wednesday after market close. Pictured here is a plain Jane 16-delta short put in TWTR in the March monthly, paying 1.48 at the mid price as of today's close with a 46.52 break even/cost basis if assigned, 3.18% ROC at max as a function of notional risk. If you're of a nondirectional bent, consider the March 19th 49/70 short strangle paying 3.00 or the 44/49/70/75 iron condor, paying 1.30. Due to the obvious skew here, I'd also consider a double double, but it would require going ten wide on the call side due to only 5 wides being available on the call side in March at the deltas I'd want to camp out, so it's less than ideal: 2 x 42/2 x 47/70/80, paying 2.42, delta/theta 1.41/4.55. EXCHANGE-TRADED FUNDS RANKED BY 30-DAY IMPLIED VOLATILITY: MJ (74/89) SLV (34/50) ICLN (7/45) JETS (7/43) XRT (21/41) EWZ (14/40) XLE (18/38) GDX (12/38) BROAD MARKET RANKED BY 30-DAY IMPLIED VOLATILITY: IWM (24/31) QQQ (14/26) SPY (10/21) DIA (7/19) EFA (13/18) * -- The first metric is where 30-day lies relative to where it's been over the past 52 weeks; the second, 30-day implied.
NYSE:TWTR
by NaughtyPines
Bullish news for the cannabis industry.Yesterday’s announcement of a movement towards cannabis legislation has been the best news for the industry since the listing of cannabis stocks. The THCX fund is newer and has a lower market cap then the MJ ETF, it also trades at a lower price making an attractive buy for retail investors. It’s holdings are: APHA Aphria Inc 8.95% 603437 TLRY Tilray Inc 7.83% 333051 CGC Canopy Growth Corp 6.94% 172783 GRW. GROW GENERATION 6.44% 129468 GWPH. GW Pharmaceuticals P 6.16% 32626 VFF Village Farms Intern 5.96% 476411 CRON Cronos Group Inc 5.63% 514377 AMRS Amyris Inc 4.68% 444447 HYFM HYDROFARM 4.67% 62020 Technically speaking, yesterday surge In volume along with positive news is driving the stock higher. If we manage to have a positive close 1/4/21 this could be the start of accumulation, and a move to complete the rounded bottom and test the IPO price, here a cup and handle, or a continuation of the uptrend do to social media, new retail investors, hype, super positive outlook could form. Holding shares
TLong
by Yoimdop3
$SMEV Synergy President Owns 3% of O/S Major Custodian Update$SMEV Has been on the move carefully moving upwards towards its breakout point anticipated to be Feb 1st or much sooner as the company updated yesterday that the court has published their custodianship giving anybody 30 days to contest, after which they will more than likely receive it as the current owners couldn't be found and it is 100% theirs after the 30 day period. This is probably the best custodian out of all the Synergy shells and one with the best history. The current S/S is optimal for a major R/M as everything is small with a somewhat large A/S that may be reduced to the liking of whatever company they decide to put in it. Synergy has been on the ball with R/M's and Custodianships and is renown in the OTC as the best. I anticipate the stock to continue north possibly breaking .01 by the time the 30 days are up and the company announces it has the custodian, after which the stock could possibly breakout that same day to .05 or higher. After that it will probably trend towards .25+ as the R/M is announced, filings drop and PR's begin hitting. At these levels groups are currently loading in anticipation of what is to come.
OTC:SMEVLong
by StockGuild