American Cannabis staging a reversal. Possible entry level $.263
Target Price $.33 within golden pocket
Stop loss $.25 Below .236 fib
Company profile
American Cannabis Co., Inc. engages in the provision of consultancy services to licensed operators and applicants for state offered cannabis licenses, which engages in the medical and recreational cannabis business. The company was founded by Corey Hollister and Ellis Smith on March 5, 2013 and is headquartered in Denver, CO.
AMMJ trade ideas
AMERICAN CANNABIS - a speculative playThe sector is waking up after a long period of correction.
I like the setup for this stock, for me the correction has ended and I believe that we are entering in a very interesting period.
I also follow some other names of the sector for which I will post analysis later on.
Markets: (AMMJ), b) symmetrical triangleBy both methods the same gain is observed if the operation is mounted in short:
1) the size of the base of the triangle is the gain from the sail that breaks the lower line.
2) by extending a line parallel to the line that is in favor of the trend, in this case it is the upper line and just crosses the vertical line of the movement of the trend starting from the sail that breaks the infertory line of the triangle. The value is exactly the same: 12,12%, where by both methods the take profit is crossed.
I apologize, because I had a confusion believing that I was in the cryptocurrency market and I made a symmetric triangle form in the stock market.
AMMJ Target 5.00 (Very high net profit margins+growth) #MJ Quarterly Semi-Annual Annual
(Values in 000s | USD)
Period Ending Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016
Total Revenue 990 952 617 339
Cost of Revenue 163 133 146 106
Gross Profit 826 819 470 233
Operating Expenses
Research and Development 63 0 0 0
Sales, General and Admin. 435 478 679 413
Non-Recurring Items - - - -
Other - - - -
Operating Income 317 329 (214) (189)
Income From Continuing Operations
Add'l Income/Expense Items - - 8 (40)
Earnings Before Interest and Tax 317 329 (214) (189)
Interest Expense - - 0 -
Earnings Before Tax 317 329 (206) (235)
Income Tax - 0 0 -
Minority Interest - - - -
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations 317 329 (206) (235)
Non Recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income 317 329 (206) (235)
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders 317 329 (206) (235)
Assets
Current Assets
Cash and Cash Equivalents 1,877 1,675 1,663 751
Short Term Investments - - - -
Net Receivables 404 193 117 164
Inventory 30 25 28 42
Other Current Assets 14 17 19 9
Total Current Assets 2,326 1,912 1,828 967
Long Term Investments - - - -
Property Plant and Equipment 12 8 10 11
Goodwill - - - -
Intangible Assets - - - -
Accumulated Amortization - - - -
Other Assets 4 4 59 4
Deferred Long Term Asset Charges - - - -
Total Assets 2,344 1,925 1,898 983
Liabilities
Current Liabilities
Accounts Payable 34 130 228 92
Short Term and Current Long Term Debt - - - 0
Other Current Liabilities 57 12 434 222
Total Current Liabilities 92 142 663 329
Long Term Debt - - - -
Other Liabilities - - - -
Deferred Long Term Liability Charges - - - -
Minority Interest - - - -
Negative Goodwill - - - -
Total Liabilities 92 142 663 329
Stockholders' Equity
Misc. Stock Options Warrants - - - -
Redeemable Preferred Stock - - - -
Preferred Stock 0 0 - 0
Common Stock 0 0 0 0
Retained Earnings (4,235) (4,611) (4,940) (4,734)
Treasury Stock - - - -
Capital Surplus 6,486 6,393 6,176 5,389
Other Stockholder Equity - - - -
Total Stockholder Equity 2,251 1,783 1,235 654
Net Tangible Assets 2,251 1,783 1,235 654
$AMMJ double bottom or doublE TOPFIRST OF ALL IM LONG IN THIS STOCK 3YRS . FREIND SAW SOMTHING IN IT . I SEE TIME . AND PATTERNS
SECOND DONT HAVE ANY IDEA WHAT THIS COMPANY SALE OR IF IT HAS GOOD OR BAD NEWS COMING.
NOW THAT OUT OF THE WAY THE LONG TERM TECHNICALS TELL ME THIS STOCK IS ABOUT TO MOVE VERY FAST IN ONE WAY OR THE OTHER.
IT'S MY OPINION IT WILL IN FACT MOVE TO $2.07 IF IT STAYS ABOVE .65 . IF IT FALLS BELOW THAT .3416 WILL BE THE MARK.
CHECK CHART INVEST AT YOUR OWN RISK OR REWARD THANKS #TEAMMYRON
ammj shows pure speculation plays follow fib linesPure Speculation, without any underlying basis for price, is a pure expression of human emotion. Therefore, Fibonacci, in my opinion, is reliable, because human emotion is an expression of the universe, and Fibonacci is ubiquitous in our universe, seen in everything
This is shown with AMMJ, one of the most traded marijuana stocks during the California election run up