IIPR - House of Cards - Historical Highs - Cash Exit - #poofWhen the Landlord & Tenant situation gets going it'll be a #cashexit. Race to bottom.
The Cannabis sector is a yes otherwise. USA MSOs.
$GNLN #thegem
0JBD trade ideas
Head and Shoulders Symmetrical TrianglePrice entered this triangle from above so touch 1 is on the bottom. I have found when touch 1 is on the bottom, it seems to break down from the triangle more often than up from the triangle. It appears to be breaking down at the moment.
Symmetrical triangles are consolidation patterns and are neutral until a trendline is broken with conviction. Triangles can also be continuation patterns.
You can measure the wide end of the triangle and project it up or down from the either trendlines of the triangle to get a ballpark guesstimate of where price may go. There are other ways to estimate targets, this is just one and you can use the magnet on here to move the measurement.
The ugly top is not encouraging but price has not broken the neckline yet. However a full down break from the triangle will put price below the neckline.
It does not look good today )o: I have owned this for a long time so I sure hate seeing this if what I see is really there )o:
No recommendation
IIPR Devils Lettuce Up to 200 down to 165 then onto 230Not financial advice
Great opportunity here.
One of the best pure plays in the ever-growing Marijuana industry.
Wonderful pattern it forming.
Has consistently formed same pattern.
Which I documented in the chart.
Not only that.
Their adjusted funds from operations or AFFO
Per share is up 53%.
And odds are they'll also pay a dividend this year as well. Considering their "tax treatments" they have to adhere to for being A REIT.
Support the legalizedhustler
#hustlabynature
#financialnostradamus
#poorfromtheoutside
Soon to be cccllc
Solid supportPrice is sitting on the 100MA on Daily and on 200Ma on 4H chart. And there is a possible Head & Shoulders Pattern.
Follow...
Innovative Industrial Properties (IIPR) BTFDInnovative Industrial Properties (IIPR) is primed to BTFD. I have a $220 target and could see upwards of $250 in the near to mid future. They're my "pick and shovels" play in the Devils lettuce industry. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) has been consistent and their debt to asset ratio is gnarly af. No need to thank me nerds (except if you lose money, dont blame me either lol)
“As far back as I can remember, I really just wanted to get me some money.”
-Gucci Mane
Looking to load up on the dipsLooking to see IIPR fall further, to buy more.
These yellow horizontal lines are lows it may hit.
That big GAP at the bottom, is very interesting. Where the orange line intersects it could be an amazing mixture of events, and it would hit the 200 MA at the same time.
If bear volume can last a few more days it may sniff out that GAP.
Anyway, look at the RSI, this company is going to go bullish again soon.
IIPR (Weed REIT)What more needs to be said. This company states that they are the first of its kind am I am blown away by their portfolio. Of course financials are great and within this year they have been active in their growth opportunities! Nice dividend increase from $1.17 to $1.24! Financials are impressive to a degree. I see room for growth. I bought 1 share and will buy dips as I go. The weed industry will up rise again...However, I'm playing it smart because weed is everywhere but who has the space availability and facilities needed for expansion? Hmmm...IIPR does.
What do you think?
Like, Follow, Agree, Disagree!
$IIPR Ready to Run?Looks like this is breaking the short term downtrend line. I've started a 1/2 position. You can see my entry and stop on the chart. This is a REIT in the cannabis sector. Ideas, not investing / trading advice.
Ready for another leg higher?The chart speaks for itself. Looking for a breakout to new highs above. 200. Alert set at 199.6.
Bull FlagVolatile stock so be safe..
Gaps can be a source of S&R depending on if price is under a gap or over a gap, and on what type of gap it is..
Area gaps, also known as common gaps, usually close in a few days. These often occur in congestion zones.
Continuation or Runaway gaps usually occur about mid way in a trend and some use them to mark the half way point. These can stay open several weeks. I have found that not all gaps close which is not what I originally thought when I started trading. Sometimes these can provide support or resistance.
Breakaway gaps often start a new trend and can often be found leaving a congestion zone and can signal a new trend. These usually occur on high volume and the higher volume may persist for several days. These stay open, or do not fill, for the longest period of time compared to the other gaps and it is not true that gaps always fill. These can sometimes be a source of S or R.
Ex Dividend gaps are caused by dividend distribution. There are folks who buy a stock for the primarily for the dividend, then sell the next day so the gap closes quickly. I am not a partaker of this practice, but hey..whatever floats your boat (o: These gaps do not usually provide a source of support of resistance as a rule. Usually closes by the end of the trading day.
Exhaustion gaps occur at the end of a trend and can be likened to a final gasp for air. The trend is tired at this point and I guess it just wants to lay down and rest..lol...This type of gap is not usually not followed by extraordinary highs (or lows depending on direction of trend) and can be quite wide. Exhaustion gaps can occur after a continuation gap and usually close in a week. These gaps do not provide a source of support of resistance.
Not a RECOMMENDATION
Someone on here wrote Buy Red and Sell Green..it stuck with me (o:
IIPR - has been doing so well this year...I wonder what their correction will look like?
This fractal immediately caught my eye.
Thoughts?
Good Luck!
How do I Calculate Reward/Risk? $IIPR as an ExampleIn my recent "Trade Plotting" educational posts I have shared, I referenced scaling out of my position at 2.5x my risk and then closing my position at 4.5x my risk.
I had couple followers asking for clarification as to how do I determine my risk on trades and how does that translate into scaling out and/or closing out the entire position.
Its really straightforward. Before I put on any position, I know exactly where I am going to enter and exactly where my stop loss is, which means, I know exactly how much i am going to lose per share if the stock turns south on me. Knowing how much per share I am going to lose drives the size of my position and therefore, defining my exact risk in dollars.
Knowing that, I use Fib Retracement tool to project upwards (in case of a long position) my reward multiples. For clarification, I labeled these as R1, R2, R3, R4 and R5 (R = Return) on the chart.
Remember that the tighter the distance is between your entry and your stop loss (AKA having a tight stop loss), the faster the stock is going to hit your R targets and the wider the distance between your entry and your stop loss, the more distance the stock has to move up to hit your Rs.
I normally take half my position anywhere between R2 and R3. If I enter with a very tight stop (distance between Entry and Stop very small) because I am expecting the stock to start its run very soon after I enter, I normally hold on to the entire position well beyond R3 (as the distance to get there is relatively short).
Hope this helps, if you have any questions, firing them off in the comments below. Thanks!
Plotting a Trade on $IIPRTrade annotation on the chart. As always, writing these up to hopefully provide some education for newer traders out there looking to learn.
I believe $IIPR is heading higher and will be watching the stock for a reset and another setup.
[Study] IIPRI have been trading this and have recently booked great profits off of this. It probably runs much higher but risk management has me out for the time being. I would like to reflect on recent price action as a study.
Trading inside the bull flag was fine, I was fortunate to buy low and sell high a few times.
But, the BIG TRADE was always the breakout, with no idea when or if it would actually happen. But due to strong fundamentals, likely to happen eventually.
Important clues began showing leading up to the event:
1) A shakeout near EOD on high volume. It was scary, maybe impossible, to sit through if one had a very heavy or leveraged position. I had a light position and simply held. This is where position sizing helps no matter how strong the fundamentals. Strong clue that this was indeed just a shakeout was the immediate reversal on the following day.
I sold my light position at the orange arrow because the shakeout spooked me. Perhaps a mistake of nerves, simply overtrading, trying for a retest of support.
2) Next, the primary bull flag pattern had a 157-158 trigger. Price ran through it on high volume (no gap). I must admit, I FOMO'd in here at the green arrow. A potential mistake but I just decided to hold unless the 157 trigger was lost. Fortunately, it close above the trigger and I held the position.
3) Got a breakout to ATH with volume which was a very position sign. Close above was very positive and an opportunity to add to the position. I just held.
The red arrows are where I sold, probably early and a mistake. I think we may be able to see a backtest of this breakout. If so, I will be buying. But it is very very possible that this rockets off without me. My primary sticking point is currently selling too early and/or overtrading.
IIPR 12/18 Calls Free MoneyI didnt break down the technicals bc I dont have time but if you've followed me long enough you already know. Buying just putside the money, and can play tbis at either a day trade or hold for a day or two.....
GLTA
IIPR updateIf you didnt get into IIPR when I posted my first idea on it then you can get in sometime this week/next week. Daily RSI is overbought. Wait for this to go over sold and then go crazy. buy is at around 160
IIPR on watchIIPR has broken out from the consolidation premarket. I like it long on the pull back to fill the overnight gap into the green box. Stops would be a close below the box for a shorter term trade. Targets are the fib extensions above.
$IIPR Innovative Ind POT stock ready for new HIGH
Stock has been in consolidation for 1 month and looks ready to
make next move higher.
Volume has been consistent but requires a spike to break resistance at $ 161.50.
MACD reversing bullishly.
Histogram about to go positive
Targets $165 - $170 short term.
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