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Weed

USDCADWe've had that all important rejection of the 1.25 level. I was being a pussy so i missed out on a few pips since the rejection. I missed my opportunity on it but I'll still be trading the 4HR breakout swings. We may see some ranging on this pair. The steeper it gets, the weaker. SO, before we see a long opportunity, UC will range for a few days and consolidate the position. The soaring Loonie has come to roost - you could say. Or We're seeing the take off of the American eagle. WHO KNOWS HA
Long
by LouisSugunaFX
WEED buy signals$WEED is just shy of invalidating the bearish count (red). Things are looking bullish for WEED based on the blue Elliott Wave count. A three wave zigzag (A)-(B)-(C) completed in June and the initial build up of 1-2 waves is what we see now. Additionally, the changing to a negative social mood supports from a socionomic perspective the repeal of prohibition. This is apparent in the macro trend of legalization state to state in the US. Colorado's legalization as an example has increased state revenues, another factor that may sway more states to vote yes for legalizing marijuana. The growth opportunity and bullish sentiment for weed has lots of upside for higher highs ;) The first buy signal, a break and close above the wave 1 high is in. The next confirmation/buy signal is the break and close above the wave (1) red low. This is currently key resistance to break. After we could see price pull back to the current levels but the break and close above the red dashed line will confirm the blue count is underway.
TSX:WEEDLong
by Kappy
OWCP is not going to the moon.While many fans of marijuana stocks are pointing towards an upward move, i am sure that this stock has reached it's peak for a long time now. The chart shows a lot of stagnation and resistance near 0.70 and the stock could dip lower anytime now. Many factors point towards a red flag: 1) This company is based overseas, and conducts research overseas, meaning there are very few ways to monitor their progress when it comes to their claims. 2) This is still a pennystock, while some might be tempted to take risks, the slightest mistake by the company will cause investors to lose all their money, rapidly. 3) If the pharmaceutical research fails, the owners could dump their shares knowing they cannot profit further from this venture, causing investors to lose their money. 4) The only product they got going for them is a skin cream, and this has very little impact of the market as it is. I see people pumping thousands into this stock hoping for an easy pay day, don't do it. Wait until it dips and take the risk on a smaller scale, if it goes up, average up and rack in the money. Is this a pump and dump ? Judging from the company's audited statements, probably not, however they are walking on thin ice here, so don't jump into the hype.
OTC:OWCP
by iBankBro
9
The entire sector has fallenThe entire Cannabis OTC sector seems to be in absolute peril the last few days. I know many are cutting their losses and getting out, so forgive me for being a bit of a bag holder now and and buckling in for the storm. I do not know how much further down this will go, nobody does. I've lost about $800 or so since opening today on this stock, but I'm still going to gamble here and hold this through Jan/Feb and reevaluate then. I don't know why we're dumping across the sector this week, other than people bought the hype and sold the news. Looking at MJNA's lifetime chart, some of the historic runups in price came Jan/Feb so I'm optimistic for the future of Cannabis as an investment. I don't think 2 days of straight dumps after legalization in some major states is representative of the sector as a whole long term. Lets see. If you're holding with me, buckle up!
OTC:MJNALong
by Cryptocol
2
Do not forget- Trump will be good for Medical Marijuana!MJNA did not perform this week like I expected it to. Admittedly I was one of those guys who thought we'd see 40 or 50 cents by now, but I will still be holding my shares hoping that in the next few weeks we can see some major moves being made with the stock. Something that I think a lot of people are forgetting on social media is that Trump will be GREAT for the Cannabis industry. Trump is in favor of medical marijuana and the states rights to vote for it. The entire market is a mess today, so give MJNA some time. I wont be panic selling, even after taking a big loss today.
OTC:MJNALong
by Cryptocol
MJNA- Poised for the moonMy first idea here on trading view is probably a controversial one. I am long on MJNA with 2 entry points at 0.04 and 0.182 for a total of approx 6500 shares. MJNA is a stock that is poised for success. Even if only for the next 15-20 days. 9 states have cannabis legalization/medicinal marijuana props on the ballot which is encouraging a lot of bullish behavior on these pot stocks. I can easily see MJNA and other marijuana related stocks continuing to rally both pre/post election. More states legalizing recreational use/medicinal use can only be good for these pot stocks. Apart from the marijuana related props on the ballots, the presidential race could also affect these stocks. Clinton is someone who has mentioned that she would consider rescheduling marijuana, thus enabling further research into its medicinal properties. Whether she does this or not during her presidency however, is another story. A Trump victory would probably not effect the stock much in either direction. Tomorrow (11/3/16) I forsee a bit of a dip after today's massive gains. That could be an excellent entry point into this stock if you're looking to add a pot stock to your portfolio. Long term (1-10 years) I see nothing but success for Marijuana related stocks as legalization continues to gain momentum across the country and medicinal use continues to gain traction. Short term (1-10 days) I think we could see 0.50 a share. It's a gamble, but I'm hoping it will pay off!
OTC:MJNALong
by Cryptocol