ITHUF trade ideas
IAN.CN changing the hourly trend with a lack of resistance aheadLooking for a bull push first thing to confirm the hourly trend change and looking for a multi day swing trade with a lack of resistance above
Resistance becoming supportA recent break of major resistance around 6.50 with heavy volume. The bulls have bought the dip and are now defending 6.50 as the new support.
ITHUF (iAnthus) Pump coming ahead?- CANNABIS STOCKIG: @BULLRINGANALYSIS
seeing channel breakouts over the past few trading months
RSI is is good position for forward growth in the short term
we can see this price drop to it's second support level (upward trending), and then possibly bullish movement
Increase in adoption as legalization increases in early 2019. Analyst EPS estimate increase in future
not financial advice
ITHUF - Marijuana Investment Firm - 120% Returns.On 1/4/18 Jeff Sessions tells federal judges they have the authority of the federal government to prosecute marijuana growers and researchers thus revoking Obama's peace clause. All marijuana related companies were slashed in half that Friday so I browsed the scene after the close to see if any charts looked promising. Lone and behold I found this stock hiding in the rubble. It looked most promising because it had made a higher high before Washington intervened. I placed entry orders below where the market had closed, expecting price to retest the lows before recovering of which the market let me in perfectly.
Purchase 5 shares at 2.188 on 1/5/18 on the market open Monday at 9:30 am.
Sold 5 shares today 1/22/18 at 4.858 at 9:49am
To stay diversified I also purchased a couple other stocks that had equal potential. But this one performed the best.
PRMCF @7.5 5 shares.
TWMJF@22 2 shares.
THCBF@ 1.8 5 shares.
I dont typically post things in hindsight but these trades turned out way better than expected. I do have the statements to prove I took entry which will be posted in the comments below.
IF you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated!
Disclaimer: TD Ameritrade data shown. This is NOT investment advice.
