Mj
Massive Bounce off Major Support after Unnecessary Dump PT LT $3Photos of the newly built first dispensary from the company were posted and some people were not thrilled however they failed to do research on the clientele in the area which is why the building was built the way it was. In addition it is due to a developing segment of the county that should see massive growth in the next two years.
Remember this is the first of many dispensaries to be built by the company. Looking to see new highs next week after investor confidence surged after midday today with a massive recovery on the candle.
$TOMI Back at Major Support After Name Change Delay Caused DumpAbsolutely nothing has changed with the company except with a delay at FINRA after the wrong person posted the information sent in for the name change of the R/M. I anticipate the same documents have been sent in with the right person already this time and awaiting the name change once again, which shouldn't take as long as last time, due to all the documents being required already being available for submission this time.
GWPH Long IdeaMJ Sector heating up. GWPH is a buy here IMHO. CRON, MJ, FLWPF, HEMP, CGC, CVSI all look like a good starting point.
$TOMI Ascending Slowly With Developments PT $5 July-Dec 2020$TOMI Has a multitude of developments on the way including a 2 Bil A/S reduction, an O/S reduction which they completed recently and a R/M with a Company with a conglomerate of companies under an umbrella of 3 distinct industries; Entertainment, Health and Tech. The name and R/M is suppose to be completed within the next 3 weeks or sooner IMO. The name has already changed if you search the company using Google.
CGC Bullish Break PendingWatch for a break of the downtrend channel. Wait for a bullish breakout on other MJ stocks. Trail stops up after the break. Bullish daily divergence on PPO/RSI.
End of the Hex on Hexo?Just looking through some MJ charts and this one stood out. Of course it depends on what the overall market does, but there are some nice signs here - double bottom, bullish divergence on daily rsi, holding onto a weekly trendline, close to an ADX cross etc. Had a nice green volume spike Friday, and I'd like to see what the retracement looks like. It's risky to enter right away, but putting it on a watch list would be smart.
Remember, everything could go a lot lower than we think!
Best wishes to you and your trades
Long Weed As We Will See Unwinds In Popular ShortsGreat setup to go long weed stocks right now. This may seem counterintuitive during what looks to be a coming market selloff and fears over recession, but this is shaping up to look as a great mid-term trade.
Some Quick Thoughts...
From a chart pattern perspective, this chart is almost a perfect "v" type dip, with accelerating selloffs eventually leading to a very large short positioning and sentiment extremely negative.
The selloff has left this extremely oversold on all levels. Even if weed continues to be a shit investment, it will likely see a rebound, which is mostly what we're playing here.
As a popular short, it may outperform during a broad based market selloff. We saw many factor reversals recently, and during 2018, we saw many popular shorts actually rise during the big selloff as Hedge Fund redemptions forced funds to sell their momentum longs, and cover their momentum shorts. TSLA was a great example of this last year.
This has hit Demark 13 exhaustions on both a weekly and daily level.
Today's selloff saw this outperform popular market indexes and end in the green despite the rest of the market being taken to the woodshed. It's a decent indicator that the marginal seller is no longer here.
We are hitting the lower long term trendline in a widening pattern. These are almost always good for a bounce. Set a stop loss if you want some protection here.
Just note this is a trade. Not necessarily a long term thesis on owning weed stocks.
acb drop is over?spy been dripping the marked and dropping all the stocks with him now spy is at 293 in a ossible bull flag a major move from here will make all the market fly the mj cannabis etf is also at atl again about to bounce agressive in any time
most indicator show exhasted drop may be it the big pump lets seee
was expecting bounce at 5 or 4,80 but looks like 4,60 4 coe to play in the table the level where bounces of 100% 120 % been hapening few times lets see
CGC and TILRAY MonthlySo guys, two stocks which are connected and both has some kind of inverted hammer adding to this, TULRAY is in a TD 9 buy, could this be a "buy the dip" situation ? Well I'm gonna give a shot, gonna wait monday to see how the weekly close end and evaluate a possible entry with the monthly close.
SPRWF Triangle play here. All levels are marked, chart is easy to understand. Looks like it bouncing good, fell to .93c and back to 1.09$ right away, so buying pressure is here.
Will see how it plays out on upcoming week.
IIPR Ebb and flow? Kinda drafting this idea. Might expand on it.
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MJ ETF at the bottom but still needs time to turn. LOST A TON in the last 5 days. LIKE 20%. VERY good price for this but A LOT of MJ stocks are at CRAZY discounts. TLRY CGC CRON NEPT! This has not fallen like them.
... Is money shifting from ETF back to individual names.... Most names seem to be turning a corner at the bottom MAYBE. Not confirmed yet.
WATCH THIS MONDAY for oversold bounce REGARDLESS, but be ready for even LOWER. It can always go lower.
This could be an ebb and flow thing. The ETF goes higher while individual names fall then it changes back. No holding this but maybe short after a bounce if individual names continue up.
Does have a dividend.
$MJ Searching For A BottomI think we get a oversold bounce to $26.00 area... nice candle put in yesterday on decent volume... $23 bottom?... Cannabis 2.0 on the horizon... whether this is the bottom or not, the downside risk across the board is minimal IMO... Some of the mid-tier names have already stated to move on volume...
Buy $23.75 - Sell 26.00...Stop... $22.00
A move up to the $29.00 area would set us up for a head and shoulders...
TGODF // Buy the rumors sell the news The Green Organic Dutchman (OTC: TGODF) has submitted an application to list its stock on the Nasdaq.
If approved by regulators, The Green Organic Dutchman will trade on the Nasdaq under the symbol "TGOD." The company said it would also continue to trade under the same symbol on the Toronto Stock Exchange (TSX).
Currently Heavy resistance located at 2.77$
Decision should come in 6-8 weeks according to CFO - Sean Bovingdon
youtu.be
@grnorganicdutch
The play here is buy the rumors sell the news. 10% price increase in 6-8 weeks range is quite possible.
However if application is rejected price will drop right away.
TGODF is seem to hold nice. It should bounce of Pink line if to touch it, that's a spot to add.
Fundamentally stock is popular , people are claiming to take a positions.
Timing matters so will watch it closely.
$CLSI 2 Psbly 3 Candidates for R/M Filings to Hit Anyday PT $1$CLSI DD Compilation So Far
Company handling the selling of the shell was found out to be Green Rush which is owned by High times Magazine, the person indicated there were two possible bidders for the company both of which do $50,000,000 in revenues, but wouldn't say who they were. Very astute shareholders DD'ed and came up with two Colorado CBD companies Mile High Labs and Ecogen. So far this is as far as we've DD'ed, will continue to DD and update as the process continues.
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GWPH Long IdeaLooks like GWPH broke from the wedge and now retested the break out. Should be a low risk BUY here. Shoudn't go back into the wedge again.
The stock market doesn't care about my feelingsBut my feelings are telling me consolidation is almost at a close for this very special company.
A bright future for a long position here.
Cannabis sector DOWNThe cannabis sector has been really beaten down; today some of them are reaching oversold levels.
ACRGF could be a potential stock to invest in, if we see a pullback. Specially since it's retreating from a past strong support @$12.
Be very careful, oversold can stay oversold for some time. (Same goes for overbought conditions)
Have a great weekend,
dorfmanmaster