Weedstocks
Tilray Falling Wedge breakout soonAlthough having been bearish on TLRY most of the time, i today, stumpled upon this chart again and saw the falling wedge without even drawing anything.
Eventually we'll get a move down that closes within the lower blue line or something but generally this is very positive for the shorter term.
looking at 95-105$ range.
ps: yes, im charting this like a shitcoin
CRON - 4h buy for C waveCron is making flat pattern.
Looking like good buy for the C wave before more downside continuation.
CANOPY - Possible BULLISH Pennant breakout to new highs of $80Trying my beginners luck on my first post on stocks. I've been watching price action for Canadian weed stocks the past few months and it is now
finally breaking out of bearish bias, especially Canopy.
BEFORE entry, please look for confirmation on candlestick patterns or price action at important S/R lines.
If this chart helped at all, leave a like or follow.
I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA.
DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for your own as I am a complete amateur for TA.
Good luck to everyone!
RQB Trend Line (Close Watch)Hey guys, so I'm a young eager investor and I've taken up technical analysis as my focus. RQB is not a stock I place much value in through technical analysis.. as it's a speculative. For instance HC licenses change everything.
However, I want you to take a look at the daily volume on this stock.
Notice there's been a whole lot more buying volume (green), than selling (red). That's a good thing to see, especially before a breakout... those HC licenses are gonna be printed on shets of green paper.
In addition, I marked a trend line about a month ago... and we're still bouncing off of it.
We're getting close to the line... so it will be interesting to see if it continues to trend downward or if it's gonna be increasing finally haha.
Long Aurora Cannabis (ACB) - Intraday- TSX:ACB broke above a declining trend line (1hr chart)
- Prices are trading above their 20-day and 50-day MA (1hr chart)
- Prices rebounded off their 50-day MA (daily chart)
- Bullish divergence with lower lows on prices but same lows on MACD and Money Flow
- MACD is about to turn positive.
Short Aurora Cannabis (ACB) for short-term gain- Prices are trading near top end of a rising channel
- A 12% move for a new board member is an exaggeration.
- Bearish divergence with money flow reporting a lower high while prices are posting a higher high (bearish reversal)
- $HMMJ (weed etf) is signalling bearish divergence with MACD posting a lower high while prices post higher highs.
TSX:ACB
28mar2019 $cron upadate @cryptoKnee part 2spelled my name wrong...I R adult...Looks like there is some geometric and fib reactions on on the daily charts , but will this pivot hold??!!!...weeklies are like meh ...Notice how I mostly post charts where the price action is reacting in accordance to my chart analysis..I must be getting the hang of this whole posting charts thang....troll face.
28mar2019 @cyrptoKnee $cron UpdateLooks like there is some geometric and fib reactions on on the daily charts, but will this pivot hold??!!!...weeklies are like meh...Notice how I mostly post charts where the price action is reacting in accordance to my chart analysis..I must be getting the hang of this whole posting charts thang....troll face.
EMBI , emblem bio science ,NMUS bio science has a few interesting medical applications in research for pot
but did a name change to Emerald Bioscience inc !
this move makes me suspicious on naming close to another named pot company
does have a up trend channel forming
CGC continues to tighten in Equilibrium PatternCGC is currently in a very tight equilibrium pattern. Although these conditions are not ideal for active trades or anyone looking to trade short term, they are ideal for those of you whom are patient and are willing to wait for a break to enter a short/long position.
Equilibrium patterns are my favourite pattern to trade from upon breaking as there is generally very significant movement to whichever direction it breaks.
Please note, although not textbook due to amount of time, some may argue that this is a bull flag scenario.
I will keep everyone updated as to what positions I open for CGC.
$CGC: Bullish Pennant break out? ready for BLAST OFF!We are currently in a bullish pennant and I believe we are going to breakout to the upside. With the hype around the cannabis sector, it's not likely we will see a major correction before hitting all time high. Weekly Ichimoku cloud also indicates that we are in bullish trend for weeks and month to come.
Be patient and manage wisely :)
This is an analysis, not an investment advice.
Canopy GC: High return long term investment.Canopy Growth Corporation is on strong long term bullish price action both on 1W (RSI = 58.856, MACD = 4.873, Highs/Lows = 2.6189) and 1M (RSI = 66.122, MACD = 12.099, Highs/Lows = 7.3414). Since mid 2017 in particular, it has been trading on Higher Lows reaching +1000% in growth. Using the Pitchfork to identify the pressure zone, we estimate that the asset is close close to a bullish accumulation point (Higher Low). Out moderate Higher High target is 110.00.
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Long KHRN- KHRN rebounded off an interesting overlap level near $3
- bullish divergence with lower lows on prices but higher lows on Money Flow
- MACD is about to turn positive.
- Huge bullish engulfing pattern on the daily chart.
Long Position on Aurora Cannabis INCThe news about the sector looks like it´s a new commodity to add to our watchlist of stocks, furthemore the company have to ways of growing the bussines. The medical and the recreative way, so they grow the capacity of production and the customers are growing worlwide.
In my opinion this company have a long travel and i want to follow very near, i just bought 500 stocks at 7.06, lets see where the company arrive, i will add another position if it touch the level of 4.5-5, and then wait until the next benefits on may.
I think Canopy Growth will retest its support in the coming week
I think Canopy Growth will retest its support in the coming weeks. Much based around the accounting error and no short term catalyst to move the SP higher from a already high SP, price near ATH. I think Canopy Growth will find support around $48-55 Cad or as low as $40 Cad, depending on more factors then only Canopy.
And with positive news around the Cannabis market not having a significant impact on the share price, i believe it impact the sentiment to become more positive towards Cannabis market, see it with a little bit less risk.
And with risk in mind, i think most well known companies have there share price reflecting the risk in the market rather then the potential of the market.
When the shift comes from investing for the potential rather then the risk. I think the good companies will have lower volatility and a steady SP and healthy technical moves. Rather then this risk investing climate, with high volatility, fast up and down moves and SP destroyed in a couple of days/weeks.
Based on the belief stated above, i think the SP will move down from 60 range to 40-50 range depending on sentiment/ things unknown to me.
And from there trade in an range until a leg up or down, or a shift in the sentiment.
Hybrid Analysis (RTI.TSXV)Overlaying fundamental factors on technical information (known as hybrid analysis) allows for analysts to understand what moves the market.
Hybrid analysis is useful in particular when it comes to stocks and options (as opposed to currencies and futures) as direct links can be more easily drawn between stock price and fundamental factors. When used in penny-stocks, knowing what moves the market is key to making rewarding trades whilst minimizing risk.
Hybrid analysis requires good understanding in the economic factors that move the market, knowledge that is often overlooked by retail analysts.
ACB ready for the next step up >8.50We know how fast weed stocks move when they hit proven support lines.
One more trading day to prove 6.90-7.00 support will likely bring ACB >8.50 by 3/1. It's possible we'll see a little lag, but expected move should happen by 3/8.
Peak-to-peak, ACB has averaged 10%-20% leaps. 10% leap from previous peak of 8.34 brings us >9.00
ACB trading at 6.93 while posting this.
POTN: Bullish price continuation with exit levelsDescription
PotNetwork Holdings, Inc, through its subsidiary, First Capital Venture Co., engages in the research, development, and sale of hemp-derived CBD oil products. It also engages in the pre-owned auto dealership business. The company sells its products through distributors and resellers, as well as through its Website. The company was formerly known as SND Auto Group Inc. and changed its name to PotNetwork Holdings, Inc in March 2017. PotNetwork Holdings, Inc is based in Fort Lauderdale, Florida.
Website
www.potnetworkholding.com
Setup
Learned this setup from previous prop firm trader Brian Beamish twitter.com
www.therationalinvestor.com
As always, not advice - just for analysis
APHRIA - Weekly support, resistance and trendlinesDecided to take a look at APHRIA on the Weekly (1W) chart, solely looking at:
- Macro trendlines
- Major support and resistance (i.e. major buy and sell zones)
That's it.
This is solely of interest, I suppose, to a positional trader. I am interested to see:
- Will the price action bounce against the current macro downtrend in the next few months
(this has not been tested since late 2018 and could be disputed I suppose)
It would have been a glorious positional trade to buy that major support, it wicked down beautifully into that zone.
