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NBEV Short play, 6.95 to 5.7 area. Fibs, sup/res, even circlesI might lose a few people on this, but I'm running an experiment to show that there is definitely something weirdly accurate specifically about the "timing of swings/big moves" when using Fib Circles if you use them correctly. Area's of interest I color-coded in TEAL or PINK. You can see this circle was simply drawn from a major low to a major high on a high timeframe. Right as we reach the .382 retracement level on the Fib retracement tool, we're also overbought and hitting a Fib circle level. This is experimental, (I get backlash whenever I suggest there can be ANYTHING to be learned from uncommon fib tools), but I'm demonstrating how Fib Circles can be used. If I'm right there should be a big move up or down (10% or more, I'm betting down) within 1-2 candles max of crossing the current Fib circle level. Let's see what happens.
NShort
by teckno05
OGI the BearI don't know if the Park Ranger is going to like this, but it looks like OGI will be bearish headed into the New Year. Volume is still decreasing nicely with the down trend. RSI still appears to be heading down for the rest of the year. Much like TRST, OGI is in a descending wedge pattern. I'm looking to ladder in near 4.12 with a possible double bottom. I'll hopefully be watching LII Quotes to see how big of a Buy Wall is at that point of resistance as I may be placing a stop-loss right under it. 3.24 looks likely as it is a .618 retrace from the top of the overall pattern, and also at a nice point of support. I will hopefully be buying the majority of my position here for a long play.
O
by DunnDeegan
Canopy Growth Strategic Extract Supply Agreement With Medipharm!Dear Traders, LABS got Halted pending on news, and what a news release! I was waiting for Medipharm to release some news and we finally got some! ''Under the 18-month agreement, MediPharm will supply up to 900kg of cannabis extract for sale to Canopy Growth and its subsidiaries. Canopy Growth has committed to purchasing a minimum of 450kg with an option to purchase an additional 450kg.'' Now let's see how this plays off! 0.5 fib level resistance is at 1.88 C$ so if we have enough momentum, bulls could try to breakout to that price range!
LLong
by Raw_Blitz
TGOD - BREAK UP or DOWNDear Traders, Let's have a look at TGOD. Price dropped like a dead mouse before, but TGOD did create a nice bounce which I predicted in my previous TGOD TA. Now the question is will it create another run, or will it drop to a lower low. Looking at the chart and the indicators there is more reason for it to drop then to break out if i'm being really honest here. RSI shows bears are in control, so does the MACD Histogram. Price action should break above 3.71C$ in order to show that the bulls have taken over power. However, if the bulls can't maintain to support at 2.98C$, then we will see another drop to around 2.84C$ and if that doesn't hold, 2.45C$. Let's see how this will playout on Monday. Really good news would enable the bulls to breakout, but without news, and with the sector falling, TGOD might see another drop sooner than expected. Keep your eyes on the charts! If you have any questions or any thoughts, feel free send me a PM or to comment on this TA! If you'd like to join my Discord Channel to talk about stocks, share knowledge and have a laugh then please send me a PM so that I can link you to it! Take care!
TShort
by Raw_Blitz
Potential Buying Opportunity in WEED.TOPrice has fallen to a rising trendline and is consolidating after a false drop below a prior low. IF (and only IF) it breaks higher out of the consolidation is this a potential long trade. I like the consolidation because it allows for well-defined risk control, with a stop loss placed below the consolidation or recent low. I also like that the Nov 20 low just barely eclipsed the Oct 30 low, and then quickly rebounded. In a long-term uptrend I like to that start of action in pullbacks, as it indicates the pullback may be near completion. Still need to wait for a pop higher before I consider entering, though. Disclosure: no position yet, but a potential setup.
TSX:WEEDLong
by CoryMitchell-CMT
2
ORGANIGRAM - Back to the buy zone?Dear Traders, As we can see on the chart, Organigram's Bears were in control. Bulls did form some kind of Buy Area, located around 5.18C$, the 200 moving average indicator. A comeback into the buy zone wouldn't shock me, just to shake out those last bear hands, and to head up higher? Or will the bulls fail to take control and the price will drop under 5C$? Looking at the chart right now it looks like the bears are still in control. Keep your eyes on the charts! If you have any questions or any thoughts, feel free send me a PM or to comment on this TA! If you'd like to join my Discord Channel to talk about stocks, share knowledge and have a laugh then please send me a PM so that I can link you to it! Take care!
OShort
by Raw_Blitz
MEDIPHARM - Looking Beatiful!Dear Traders, Medipharm is looking like some sweet honey on a goat cheese cracker! They announced some pretty nice things this month, they obtained their License and the day after they announce a Partnership with Supreme Cannabis! They will make sure Medipharm is equipped with the best High Grade Cannabis you can get to let medipharm create High Grade CBD Oils for the market! Looking at the Daily Chart, We can see that Medipharms shows bullishness! Price action is now located above the main moving averages, so any entry around 1.50 is a pretty good one imo. With a stoploss under the 55 ma (blue line). All Medipharm needs right now is some more vol! This stock could easily hit the million in volume, but it just needs more investors. Let's see how this will playout on Monday. Will we get news again this week? Are more investor going to join? Keep your eyes on the charts! If you have any questions or any thoughts, feel free send me a PM or to comment on this TA! If you'd like to join my Discord Channel to talk about stocks, share knowledge and have a laugh then please send me a PM so that I can link you to it! Take care!
LLong
by Raw_Blitz
ACB - What's next for Aurora?Dear Traders, ACB has been showing ups and downs the last couple of days. Earnings showed growth but a lot of investors were skeptical and that was seen in the price action. First I'd like to start about the vol indicator on this Chart. It shows a potential Curve, which would mean that we in exactly at the lowest point of the curve, low volume, not a lot of buying power, but not a lot of selling power either. On the chart you see that i've drawn a big green line, that represents the bull's breakout line. if the bulls manage to push it above that line it could create a potential run to a higher resistance point, which, if that was the case, the bulls would have to break the resistance at our 55 day moving average (55 MA) located at 8.86C$, if they succeed, price action would likely go to around 9.25C$ (100 MA) and 10.58C$ after that (200 MA). The other scenario is me thinking about that Curve previously discussed. If we were indeed at the lowest point, that means votality would be low. One thing I do know is that price drops faster than it goes up. So keeping that in mind, ACB could also drop lower. Our Support are is located around 7.93C$. Bulls need to manage to keep the price above it in order to stay bullish. If they fail, we might see a drop to around 7.24C$. Let's see how this will playout on Monday. Keep your eyes on the charts! If you have any questions or any thoughts, feel free send me a PM or to comment on this TA! If you'd like to join my Discord Channel to talk about stocks, share knowledge and have a laugh then please send me a PM so that I can link you to it! Take care!
TSX:ACB
by Raw_Blitz