#SNDL - The story might be repeating again...Hi All, my main 3 take-outs from this analysis are the following:
1- Price is moving as per historical recent moves
2- Price is still within the falling wedge and should see a breakout (hopefully upwards) prior getting to the apex. But it might take still some time
3- By tday and tomorrow we might possibly see a rebounce from the 0.66-0.65$ levels, as also shown in the past.
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
Weed
SNDL - Historical moves are telling us all about the next move..Probably my most important video update so far... Let's see hw the recent months mvements might help us to understand what the next move might be.
In the meantime, price is just doing what it should, meaning covering the gap. Not completed yet, but we're close to it.
Not financial advice, just personal opinion and analysis
**EARNINGS TOMORROW** GRWG!I love this stock so much and I took the trade at 11. Looking at them now they are primed to beat earnings with expansions happening nationwide following states legalization . Because they are a regular company, then are not effected by the lack of legalization because they've grown into what is given and can only benefit from legalization. They did well on earnings and the news feed is chock full of good shit. This is a BUY.
Top Cannabis Stock Picks! GRWG APHA GWPH. So I have a Solid pick in $GRWG
$APHA is a great buy right now at the price and with the potential
$GWPH is a LONG hold. And strictly equity. I will be adding at key levels.
I Dont disregard the favorites like $ACB $CGC and others but I think that these offer potential as well. GWPH perhaps I am biased on because ive been watching this company for a while, but I think this goes higher based off potential and foothold
All in all federal legalization will send us flying. Id rather be in position.
These weed stocks aim go Higher. Very small stop loss and very large profit potential in these. The volume confirmation is clear to see and should bode well well for these week stocks mentioned going forward. The need to break above the suggested levels and stay above if trend reversals will occur as indicated.
Canopy Growth Corp: Above $21.70 increases the odds of a bottomConsider also, this stock is heavily shorted and earnings could start a short squeeze higher.
CGC/WEED bulls deserve congratulations!I missed this entire move as I've been busy with other life obligations, but no FOMO! This size of this bounce tells me the temporary bottom is in and I'll be looking for an entry in the coming weeks after a healthy pullback so I can join the party and take part in some MJ profit fun!
CGC potential daily lower high on watchWatching CGC first thing Monday to see if the high of Friday or the low of Friday breaks to signal sort term direction
Canopy Growth breaks key daily and weekly supportsClear bear breaks today keep the bulls in full control of CGC and WEED in every timeframe. Currently in an area with a lack of support. A weak afternoon bounce leaves us in an hourly bear flag setup heading into tomorrow morning, bulls must hold the low of today tomorrow as a first step in negating that flag.
Canopy Growth testing key daily support; bear breaks on watchHere's what I'm watching for CGC and WEED. Bears are in control as key support is likely to be tested first thing. There's a lack of support for 25% in the event of a bear break.
CGC up against key daily support zoneCGC is up against a significant area of support including three price levels and the 200 day MA. Watching tomorrow for how this plays out.
Key resistance for bounce continuation & bear flag negation is 32.99
Key support is 31.85
CGC surges on Jeff Sessions' ResignationCGC saw a huge move on President Trump's tweet that he has accepted the resignation of Attorney General Jeff Sessions
twitter.com
This came after a clear hourly bear break singling some daily consolidation was coming, but this breaking news clearly sidetracked that plan and delayed consolidation for at least a little while. I am closely watching for the hourly trend to change as the daily chart is very over extended right now
Key levels for tomorrow:
S: 45.10
R: 48.13
CGC breaks the inside bar bullishCGC had a nice little move after breaking the daily inside bar today. I'm looking for some profit taking tomorrow as the hourly chart needs a new support above 36.67
S: 36.37
R: 41.06, 42.43
Watching CGC hourly trend for clues on this bounceDecided to try something a little different today because I don't want to type up a bunch of analysis.
I'm watching the range of Thursday to break to tell me if we're going to see bounce continuation of a healthy pullback to form a daily higher low, and then try to change the daily trend with a higher high.
Key levels:
S: 35.85
R: 38.28
Weed stocks - the next big frontier. This screencast is on several companies that are largely Canadian in origin, who are involved in developing medical uses of marijuana. This is a legitimate business in Canada.
I am not promoting anything legal or illegal. I have no relationship to these companies. I am not currently a shareholder in any. I am simply sharing information that may or may not be useful for those interested in novel investments.
See also TLRY