Potstocks
IMCC nice ease setupHappy thanksgiving Traders!
It is rare that I trade traditional markets but, pot stacks are going to be bangers coming up soon and this one popped out already. I just wanted to give an opportunity to get out and back in for a nice profit.
Have a green week!
Savvy!
MSOS breaks 4 month trendBreak of 4 month downtrend in a big way. Bipartisan regulations in congress.
MSOS - weekly chart reversalMSOS is an etf of marijuana stocks and there was a nice reversal hammer on weekly last week with volume.
Options - Over 5000 2022 March $35 and 40 calls sitting in OI, bought earlier this week.
Look for $37 target, area of reistance.
TLRY might have bottomed. Great entry opportunity?Fundamentals for weed stocks are not hot. TSX:WEED didn't see strong earnings and can't predict profitability anytime soon.
The cannabis market hasn't kept up expectations and we are seeing that reflected in the stocks. With all the bad news there may be some good.
It looks like TLRY is bottoming and if it has a clean breakout it could give an opportunity for some big gains. I don't believe this will happen unless we see some positive news for the cannabis sector though, and overall positive fundamentals.
Keep your eyes on it.
CGC in an extremely tight wedge ahead of earningsCGC being held down for a long time. The pattern is likely to repeat itself. Potentially nice opportunity.
$APPH What industrial hydroponics shifted to growing Marijuana?What if $APPH an industrial hydroponics co shifted to growing Marijuana?
SAFEAct getting some mojo in DC. Anyone close to APPH know if they're going to shift? Wall Street thinks so and so do I. #PotStocks
Time to get highWeed stocks popping lately. Going with $ACB here as seeing some technicals that are showing the stock is ready start heading back up
DMANAppears to be starting W2 here and W3 should hit around .038c then W5 around .045c after that I think the weekly will be looking to start W2 and then off to W3 which could take Dman over 10c
ACBLikely has another test of the bottom long term support around $2.06 B4 a strong bounce reversal back to $50 plus
Looking for a bounceDaily RSI at historic Oversold bounce levels. Almost as beat up as the covid crash right now. In the past we have bounced 25%-80%+ when bouncing off this level of Oversold conditions. There is also a gap on the daily now above at these extreme conditions that needs to be filled
Also in a buy/support zone on the daily
Weekly Oversold
4HR at historic Oversold bounce levels
1HR at historic Oversold bounce levels
Daily looking to like a potential falling wedge, at price support/buy zone, at historic oversold levels with now a daily gap above to fill. A lot of confluence and the stars aligning for a good multi-day/weekly bounce out of OS conditions
TLRY: Time to get high?Just bought Tilray🌿 stocks @ 12.22, currently at trendlines & previous significant high confluence. Price needs to break up the red falling wedge. Target 122 which means 10x.
The blue uptrendline on log scale (imo false break down) and also higher volume this year shown below:
Please like👍, comment🗣️, follow me✒️, enjoy📺!
Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
NASDAQ:TLRY
TSX:TLRY
CAPITALCOM:TLRY
FTX:TLRYUSD
SIX:2HQ
NEO:TLRY
SWB:2HQ
XETR:2HQ
FWB:2HQ
MUN:2HQ
HAM:2HQ
HAN:2HQ
BER:2HQ
FTX:TLRY0924
NASDAQ:NDAQ
OANDA:NAS100USD
CURRENCYCOM:US100
#MJ: Pot stocks bottomed?There's a big weekly down trend that had ran its course in pot stocks, and the daily chart is reversing here, odds are we can squeeze 10-11 times the risk if we go long here with a stop around 16.18, it is worth a shot with something between 0.25% and 2% risk in the trade. Up to you, how much you risk on it. I'm being conservative and sticking to a 0.25% max risk if the trade fails.
Cheers,
Ivan Labrie.
IIPR Double Topped Blowoff - Valuation Matters - **WEEKLY***rising rates environment is a disaster for large cap stonks & Ponzi Pogs. BUYER BEWARE- FWD projections!!! Gems make money TODAY & years from now!!!
#cannabisreform
#jobsandjustice
#gnln
#thegem
Can't seem to edit the "monthly" on chart to "weekly"
THIS IS THE WEEKLY CHART
Akerna Breakout - Cannabis Compliance - Inventory Software A software solution for cannabis shops. Think POS solutions w/new app. Great sector. Could be a leader in the space that everyone seems to not give a care about. For Now. The Crypto Ponzi Pogs stole the 420day show in 2021. Thanks dogefather. smh
Cannabis Reform #jobsandjustice
#MSOgang #thegem
Greenlane Holdings - Kushco Merger Vote Tomorrow - BreakoutCannabis Boom 2021 is upon us. Prohibition is coming to an end with each legalizing state. Small caps will get a boost when large caps tumble from taxes. #MSOgang
Jobs & Justice
$GNLN #thegem
Weedmaps Ponzied - NOMO FOMO - Ignore the Hype - Find #thegem#cannabisreform legislation c/w
#cannabisboom2021 in works. Find the small caps with revenue growth & profits TODAY. Matters most in rising rate environment. Stock pickers win. This ain't it. Run away!
*valuation matters
$MSOS - USA Cannabis - Go Time - Legislation - Jobs & JusticeConstant Cannabis Shenanigans. Unless you're a SHARKNADO. It's Go Time! (maybe after another flash crash... lol). Don't worry about any of it. Low Vol. mirage!!!!
#cannabisboom2021 & beyond. The times have changed. Revenue Growth today matters. *valuation matters.
$GNLN #thegem
#gethigherstandards
Greenlane Holdings - Double Bottom - Cannabis Reform LegislationIf this $30 stock double bottoms on a dollar..... All-in!
Epic Economics. Mr. Market presents opportunities. Not of the Crypto Ponzi Pog type. It's #cannabisboom2021 time.
$GNLN #thegem
It's IPO was $17 in April 2019 and hit $29 same day.
They're twice as big when Kushco Mega Merger is completed. Anything under the IPO will be a steal.
Elon's $DOGE pup #failarmy stole #420day. We're taking it back.
Cannabis Saves Lives.
Sundial Growers Undervalued | Bullish FundamentalsSundial has had improved EPS (still not impressive atm) BUT, the street has given it a $2 valuation (DYOR) at the least and it's a behemoth of cannabis stocks. With the fed ban lifted now, this should open the market up considerably and SNDL, with several hundreds of employees and tons of cash, this is something to watch. The technical indicators are more for my own personal interests in this (yes I'm holding). One last thing, there's considerable shorts sitting on this from what I've heard and there's a TON of chirp across the chat space so do some digging and you'll come to the right conclusion. As always, not investment advice and again, DYOR. Good luck!
First Time In A Long Time For TLRYFirst time in a long time that TLRY failed to close above its 200DMA. Despite this, it remains consistently trading around the 786 fib over the last few months. Without any fundamental catalyst, it really could depend on that industry at large. I think the whole MJ Bill was a buy the rumor/sell the news for what it's worth. Not a whole lot of range on the move leading up to that headline. But since it broke below the 200 for the first time in a while, volume (bullish volume) is going to be something to monitor for, closely if this is on your list, short term. These are the levels to keep track of on a larger scale.
"With so many states and countries riding the legal cannabis wave, the discussion surrounding federal marijuana legalization in the US is changing. More proposals are getting submitted, and more conversations are happening. Whether this next step results in a real bill is to be seen. But what we can say is that the speculative nature of the cannabis industry tends to feed off of the unknown. So if marijuana penny stocks are on your list right now, keep this in mind, and volatility can play its role in bullish and bearish sentiment-driven trading."
Quote Source: Best Penny Stocks To Buy Before Marijuana Legalization? 4 To Watch Now
