CGC - money really does grow in the canopy!Buy the dip.
Just wait for that buy signal to fire and go long. Additional confirmation is the macd cross while stock stays above 200ema. Cheers! Grow!
“In forest ecology, canopy also refers to the upper layer or habitat zone, formed by mature tree crowns.”
Weed
GrowGenerationThe Giant has awaken!!!GrowGeneration you have my attention!! $53 is a key level. I want it to break. There is so much hype in Marijuana stocks right now that Wall Street will short it after this mini bull run. This company is in its prime and showing alot of strength. The debt to asset is 19.64% I love it!! Quarter earnings have been nothing but good. Cash Flow is nothing but a uptrend. Balance sheet uptrend. Income statements pure uptrend. Seems to have all there ducks in order for legalization. I expect 1 more dip and we will be there to buy. Im hoping for this head and shoulders pattern to get a better dip. They belong to a ETF $CNBS which is good
Aurora Cannabis I've never been a big fan of Aurora Cannabis to be honest. What i do like is there debt to asset is under 25%. THere set to make profit.Their Cash Flow is nice. What I do notice is they are not consistant with there money management. I would not go all in on there company but i wouldnt miss the ride either with the upcoming cannabis bull run. buy in the zone
Corrections in the Cannabis Markets (YOLO / TCHX)If you are betting on teh weed stonks like me, we are having a rough day. Everything has been running hot this week, so I'm expecting these downspikes to bounce off of support points from earlier in the week.
Keep hodl on these for long term. This fall Connecticut is likely to vote in legalization. New Mexico, New York, Rhode Island and Virginia also have legalization measures on the ballot.
www.marijuanamoment.net
We're extremely likely to see more legalization in more states over the next few years. Cannabis legalization is polling higher than minimum wage increases:
www.marijuanamoment.net
MJ...no not Michael Jordan! Call!Sorry, in class and can't give full analysis. Everyone likes weed. COVID sucks, and I just saved a bunch of money on my car insurance by switching to geico....
Strike Price: $33.40
Price should test the new resistance zone. Which was an all time high a few years ago. We see where the world is today...I think it'll surpass the resistance. Unfortunately, my contract expired 2/19....
lmk what you think?
like, follow, agree, disagree?
-Amatuer Robinhood Trader
[ACB] Up Up and AWAY... Really Hopin' for It to Stone Though!Wow ACB is still really undervalued here. Gravity still strong, for good reason too, TLRY/APHA is crushin the game right now with CGC not far behind.
Really hopin for this competitive pressure to keep the lid on prices and maybe even drop it back down, most likely value pickup here although there's a lot of great players on the scene right now.
CLVR is my new Value Sweatheart... get it while the gettins good. It's about to join the Green Gold Rush here.
It's drug dealin though, plenty of room of ACB to thrive although even OGI lookin to take it's place in the rankings.
Had a lot of great FOMO runs with this stock, should be plenty more ahead!
YOLO on YOLO?YOLO contains a number of the holdings in some of the largest marijuana instruments. We should see tremendous growth over the years with increasing national support for legalization/decriminalization. A nice long cup and handle appears to be forming and if we pair that with standard fib extensions /speed resistance fan trend over time we get the following forecast.
Target Entry: ~$16-$18 between March and May
Target Exit: ~$31.33 - $39.26 by Dec 2021
Canopy WeedCanopy is retracing downward to find support.
This is too textbook not to hypothesize about. I just had to do it, too many things are aligned.
1. We can see the market structure (and respect) in the demand zone. (i.e. arrows)
Support & Resistance.
2. There is also alignment with 1.0 and 1.618 Fibonacci extensions.
3. This is all respected with a bullish and bearish trend line.
I know a lot of people would buy the demand zone but I like to take the low-risk approach and buy the breakout instead,
thereby I will also verify my hypothesis, though only after waiting to verify that the breakout level is respected.
Thereafter I would probably hold, only to sell at 63-64 CAD (where there is a 1.618 Fibonacci extension of the greater trend)
Happy trading.
Bullish news for the cannabis industry.Yesterday’s announcement of a movement towards cannabis legislation has been the best news for the industry since the listing of cannabis stocks. The THCX fund is newer and has a lower market cap then the MJ ETF, it also trades at a lower price making an attractive buy for retail investors. It’s holdings are:
APHA Aphria Inc 8.95% 603437
TLRY Tilray Inc 7.83% 333051
CGC Canopy Growth Corp 6.94% 172783
GRW. GROW GENERATION 6.44% 129468
GWPH. GW Pharmaceuticals P 6.16% 32626
VFF Village Farms Intern 5.96% 476411
CRON Cronos Group Inc 5.63% 514377
AMRS Amyris Inc 4.68% 444447
HYFM HYDROFARM 4.67% 62020
Technically speaking, yesterday surge In volume along with positive news is driving the stock higher. If we manage to have a positive close 1/4/21 this could be the start of accumulation, and a move to complete the rounded bottom and test the IPO price, here a cup and handle, or a continuation of the uptrend do to social media, new retail investors, hype, super positive outlook could form.
Holding shares
HEXO Parabolic SetupNice upward channel, with a falling wedge - featuring as the function of the recent cup & handle formed on NYSE:HEXO .
Macroscopically, this is acting as the right shoulder of an Inverse Head and Shoulders, which takes this to $6 if this very obvious technical confluence fulfills.