0JBD trade ideas
Classic top scenarioHappening on the major indexes and big tech as well. also observed on bitcoin and many other asset bubbles like the 2000 tech bubble. Seeing this pattern a lot lately, wouldn't be surprised to see it here.
Good short term scalp that will fool many into thinking there will be another impulse wave. Then dump
An Ascending triangle on IIPR As part of my studies of the triangle patterns i try to test the theory .
If this is a classic Ascending triangle, ill expect a breakout in the end of next week with a sharp increase in volume.
One of my donuts i have right now is the time dimension of This triangle
Usually The formation of a triangle is more then a month.
"Just 4 the study"
beware the IIPR topparabolic rises in such short term time frames are almost always followed by big drops (see every bubble ever). with a PE ratio of almost 140 (dotcom is that you?) the big short is here.
Long on IIPR.May be a good idea to go long on $IIPR . Currently in the oversold zone and hitting the SMA 50. The sale rally may drop the $ lower to around $90.
IIPR Yr4 to Yr3Yearly R4 to the Yearly R3 pivot point. Computer are programmed to buy & sell @ pivots.
see me on twitter @pivotal_pivots
IIPR Yearly R4 pivot pointThe Yearly R4 pivot point stopped the run away rally. Look for support on the YR3 pivot @ $105.55.
IIPR 21july2019 update @cryptokneetrade worked out,took some prof at break of high, then got dumped on, didnt manage trade as well as I should have. Still holding a bit, this is another chart where I need clarity. Maybe top in, ext 5th, sideways WXY need to break some Ls or Hs MO
IIPR possibly maybe could be 5jul2019 @cryptoknee Triangles are tricky. Converging TL and dropping volume can make a pennant or whatever but EW triangles have rules... cant get a super clear count of the interior waves, so its iffy for me. IF it is a triangle, 1:1 the width of the larger part of triangle off the termination of the E wave is the usual trust out of the triangle....or an extended 5th wave! who knows..
WARNING : Flag Potentially Turning into H&SSTRONG insider buying, however, the pattern may have shifted warning of a potential drop to 108 before the bulls get their shot again
Imminent BreakoutIIPR is ready to breakout again after having already gained 259% in 12 mos. One of the best plays in the MJ market because they lease land to growers and have no need to worry about sales or supply (EPS $2.15 and GRT is 37%). They pay dividends (Dividend yield is 184% with a payout of 2.40 annually with a grwoth rate of 21%) to, which is rare in this fairly new sector.
short term swingTopping descending triangle pattern. Look for the pullback for reentry for an equal top at least maybe higher.
massive short opp.With a PE ratio touching 140, fully parabolic move is mostly over. Looking for good OOM put options with expiry around 2020-2021
IIPR 17jun20189 @cryptoKneeits gone full ATH bulltard, extensions are tough to keep track of, dangerous entries IMO but risk could be rewarded. Youre either attempting a knife catch or risk getting dumped on... a reasonable person would wait for some LH and LL..
IIPR - massive extension - needs to pull backRSI getting close to reaching previous ATH
Price over and above 100% fib extension
Up over 15%+ in a week
Price needs a healthy re-tracement
Good time to take some profit off the table and re-enter trade at a big pull back
Fundamnetally this REIT is way over-valued - its a trading instrument, not something you invest into - highly speculative
I'm watching the RSI and volume levels - but am already up 40% since entering this trade at 80$ during its consolidation period a few weeks ago
Looking to just close out my trade or sell 3/4 of shares and let the remainder 1/4 run - and just monitor for a pull back to ride the uptrend again
Long term uptrend is still solid so i see no reason to trend trade against this - its a matter of waiting for a healthy pull back to earn income on trading
Ascending Triangle Formation IIPR Ascending Triangle Formation
IIPR
This is a Cannabis Relatted Reit. Spetialized in buying the space for growing the plant Relatted to Medical.
IIPR Strong Bull Breakout - Possible Buy ClimaxLast week broke out strongly above a tight trading range. This week and last week are two very strong bull bars - but a possible buy climax. These two bars are the strongest pair of bars since the Dec rally began, increasing the probability of a buy climax and correction soon. Prices may continue higher for a week or two, but it is a risky time to buy. More likely there will be profit taking soon and the bulls will wait and look to buy after two legs sideways to down. The first and obvious location for the bulls to begin buying again is below this breakout, and the tight trading range, around 80.
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Contrarian IIPR Theory: Pot Stocks Hot Again in a Cooling MarketAs investors seek alpha plays outside of the S&P500 and DOW30, I expect that the pot stocks will heat up again. IIPR is a great one, especially since they're a REIT and have to deliver profits to shareholders in the form of dividends, but also because its one of the few pot stocks to make it on to a major market index: the Russell 2000. This is definitely a contrarian play, and I don't like to make too many of those, but I don't think I'm standing in front of a train on this particular one.
Technicals are weaker here on this one. I'm long, but it's got me nervous and watching. I'm definitely making a contrarian play here, so you may want to wait a few more days to see if my theory plays out, but I expect that their earnings hit (no surprise up or down, very rare!) is going to be a catalyst for investors seeking high growth alpha stocks beyond the traditional growth options. Other pot stocks are doing terrible after earnings calls, but I suspect that this last one is going to be the catalyst for IIPR to start climbing back up that chart again.
BullishThis is one of the only ways to collect a dividend on MJ stocks. With their focus on triple net leases for the Medical Cannabis companies they will show a steady growth. A new partnership with (UPREIT) they will be able to reach new deals with an larger infrastructure.
I'll take the dip with upside of 95+
