If you find this information inspiring/helpful, please consider a boost and follow! Looks like wave 3 price action. The news is early so we shall see if the PA holds up. looking for the sharp move up to give a bit of a pull back. I would look to play the wave 4 of the wave 3 at this point, it depends, but that is my conservative variety. I can use the smaller...
Canopy Growth (CGC/WEED) currently in a bear flag pattern. Watch for confirmation/invalidation over the next few days.
It's time to activate our wake-up call to get Aurora back into motion, since we expect the course to rise up North, even though it is still creeping sideways momentarily. In our alternative scenario, there is a slight probability of 33% that the course could drop below the $1.14 support line instead. In this case, it would continue to move South until it reaches...
Just like the Ball in Times Square every New Year's Eve, the Canopy Growth stock is currently dropping it low. We expect the course to dig deeper into the blue trading area between C$3.49 and C$0.70 until it finishes the grey wave II. After completion, we're expecting the course to rise further North in the longterm. In our alternative scenario, the Canopy Growth...
This is just a thought here - although this appears to be a never-ending downtrend, I wonder if this on-balance volume divergence signals something. This shows that buyers are willing to step in here a bit more aggressively than the previous "bottom," as shown by higher OBV despite lower prices - even though OBV has declined overall since its peak. We're also...
Sorry I've been away for a while. Back to the charts. CGC is showing seller exhaustion on the Daily on the MACD, indicating either potential trend reversal or at least a relief rally. It's also down so much that there is ridiculous upside and comparatively smaller downside. I may turn this into a position trade if the market dictates it, but my expectation is a...
TLRY, CGC, SNDL, ACB So far this year looks like the weed stocks have found a temporary bottom. Most are curling off the bottom. TLRY has lots of resistance above but last few days has been pushing with increasing volume. Just keep an eye on them if they really start squeezing. Most likely will be looking at some calls this week to see if we can get some follow...
What's going on with weed stocks?? There are justifiable claims that some of these companies could still be overvalued. However, despite declining price, On-Balance Volume remains relatively high compared to what we saw during the last major downward swing between March 2019 and March 2020. This could signal accumulation. Additionally, the UO (ultimate oscillator...
ABC - Double bottom of the decade Massive double bottom forming on what could be a 5 year long pattern at play . This $7 region is also a high traffic area of market structure in which we have seen flip in to support and resistance over the years Aurora Cannabis, Inc. is a cannabis company that produces, distributes, and sells its products. It also manufactures...
The current channel is amazing for accumulation strategy. Great pot stock in general. Use Finviz.com with tradingview to making winning trades. Use screeners often to find tickers.
TCNNF | Shares (no options on this) TCNNF Current Price $36 Price Target $50 This company is a US based weed producer and retailer. Trueville cannabis is one of the rarely profitable cannabis firms. They are set to benefit greater than any other stock on the market from more states legalizing marijuana because they are a pure play US pot company. Why buy Canadian...
The WeedMD stock withstood some support lines and is still within the trading area. We expect the stock to recover and push for massive gains in the near future. First, it is important to stabilize above the trading zone. After that, we expect the stock to rise continuously. Good opportunity!
EMA cross (50/200) on the 2hr chart, maybe back testing the 200 EMA now. Bresserts crossover on the weekly chart in oversold territory (last time this happened, it pumped $10 in the following 2 weeks - past performance not necessarily indicative of future results). CMF shows money flow is in positive territory, relative strength hovering just under 50 RSI. I'd...
Bullish MACD cross is signalling the start of new bullish trend. Good volume today. Recently raise $5M at .21 and trading at discount.
Bullish Engulfing candle + bullish MACD cross indicating reversal.
SNDL has consolidated nicely, expecting a nice move up in the next few weeks. Charts don't lie? If you like these charts let me know!
SHOULD FIRE FROM HERE, THIS IS THE DIP OF THE DIPS RIGHT HERE
Potential bounce play here between two major areas on the chart. Double bottom right at this level of support, waiting on further confirmation to enter and play this back up to resistance. I will be waiting for a break from that trendline, a break above the 8ma and 20ma to show clear reversal before entering. Let the trade come to you!