iAnthus Comeback - Cannabis Reform - Epic Economics The Biggest Green Wave yet. Hold on, cannabis Haters. It's going all the way this time. Prohibition is ending!
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ITHUF trade ideas
IAN SQUEEZE NEEDED!!Current walls need to be broken!
This needs to get trending for a massive run!
If anyone has followed MMEN let's get this going!
As always best of luck to everyone wishing good health and prosperity to all.
Parabolic Curve Correction BullishParabolic curve waiting for trend to confirm and continue bullish patterns
Ianthus showing signs of potential bottomThe chart looks similar to the last one of SLGWF.
Signs of a potential bottom showing with support being established around $1.25, MACD turning bullish.
Ianthus Capital bullish post earnings. iAnthus Capital Holdings, Inc. engages in the provision of financing licensed cannabis cultivators, processors, and dispensaries. It operates through the following segments: Massachusetts, Vermont , Florida, New York, Colorado, New Mexico, and Corporate. The company was founded by Hadley Ford and Randy Maslow on November 15, 2013 and is headquartered in New York, NY.
Average analysts price target $5.36
Buy rating average.
Just a scalp moveThis penny OTC pot stock iAnthis is going to break to the upside tomorrow, I'm going to scalp it and buy 1000 shares at 2.01 and sell them at 2.14 for $120 or so profit. I'm not that wealthy though, it's all I can afford.. I'm sure some of you would be up for buying 10,000 shares for a $1200 trade tomorrow. If so.. I hope it goes well for you .
IANTHUS reversing with solid indicators Following the MJ trend been in a downtrend for some time, despite solid fundamentals.
Bullish RSI and MACD cross.
Not an investment advice.
For personal reference.
IAN daily bear flag setupIAN rejecting from a longer term daily trendline going back to March. After getting no followthrough on the 4hr resistance break, key daily support is about to be tested tomorrow
IAN sideways trading, anticipating a break within a few daysIAN clear daily levels are defined, lines in the sand for bulls to shift momentum or bears to continue momentum.
IAN updateStill Bearish but those Momentum indicators are curling up nicely. Max support would be around 3 bucks. Looking for this to make a monthly lower high when sector sentiment starts to change.
ITHUF 6/14/19 : BIG bounce play (longer term play)TraderNoxtreme calling out what looks like a good entry.
MJ stock
Looking between 3 and 2.65 as entry if we get there before trend reversal.
ITHUF has dropped about 51% in about 3 months and about 42% since the 23rd of April.
Related to earnings miss on 5/30/19 (appears to be the reason for this leg down):
"The company reported Q1 revenue of $9.6 million, a huge 4,166.7% jump from the $225,000 reported in the prior-year period. This total also reflected a 384% quarter-over-quarter increase, and iAnthus easily topped the average analysts' Q1 revenue estimate of $2.78 million.
iAnthus posted a GAAP net loss in the first quarter of $18.3 million, or $0.15 per share. This was much worse than the $645,000, or $0.01 per share, reported in the prior-year period. It also missed the average analysts' estimate of a loss of $0.07 per share.
However, the company's adjusted EBITDA trended in a positive direction. iAnthus announced an adjusted EBITDA loss of $5.1 million in Q1. This reflected an improvement from the adjusted EBITDA loss of $6.5 million reported in the prior quarter."
"Significantly higher spending. The company increased its head count with the MPX acquisition. It's also done a lot of internal hiring."
Company is growing fast and should be announcing new "Be" store opening in NY in "Fall."
Just hired some big players to operations, marketing and legal.
This would be a longer-term swing. Perhaps a qtr or more depending on the momentum of the move up when it comes. RSI is 20 on the daily (lower now) and 30 on the weekly. Medium risk trade but the sector as a whole has been pulling back so I feel that a negative earnings surprise with overall sector weakness might be providing an optimal entry in the very near future.
Not financial advice as I don’t have the proper certifications to provide you with that.
Like and subscribe for sure!
Strong support - 1h chart higher low - $6.56 / $8.11 targetsGood earnings report here last week.
Cannabis momentum will soon come back.
Make sure u look at tigher timeframes to gather confirmation of trend reversal
I believe we are at the start of one but make sure u get tight stop losses
$6.56 / $8.11 targets
ITHUF IAN 15 min Count @cyrptoKneeI like the pot. I like the charting sooo.. pot charts are gonna be a thing for me. Looking like an impulse up, is possible. Some Pa Resistance to bust through for the fif. Typical fif fib projections but who knows, could be super extendo fif....could be ending diag.... could be crappy truncation fif... or not even an impulse. TBH its looking a little odd already..... wait.....what was I talking bout?
