Barkworth

Barkworth Updated 

Could do with some more volume, but broader market sentiment appears to be changing. With the HEXO's, CTST's, TGOD's and the likes, in turmoil, I suppose it is scary to stay true to your thesis. CRON is one of the potential long term winners, and even though it is trading at a ridiculous multiple, it is currently above resistance. If we look at the hourly chart,...

Barkworth

Just like its peers, no higher high just yet. Look at the way these peaks line up with past performance. ACB's earnings are likely to have a bearish impact on the broader market. I'm thinking we'll see APHA turn to the downside again. For now.

Barkworth

Slight bearish convergence on the Stoch, and also RSI indicating a possible hourly pullback. Earnings are guided, so the revenue figures are not very likely to drive the price upward. We're looking for profitability. ACB predicted Q4 profitability. The press release issueing earnings guidance only mentioned that they are moving closer to achieve positive EBITDA....

Barkworth

Initial spike in volume was caused by fast track and phase 3 news. Nothing to drive the price at the moment. My best best is that we'll see CARA retest $19.65 within a week or so.

Barkworth Updated 

No clear path to profitabilty, Linton out the door, Constellation in charge. This is NOT the same company we were so fond of, earlier this year. Don't be fooled by that weak bounce, yesterday. As long as weekly resistance of $25.57 isn't broken, this stock has more downside ahead. Loss making, burning through cash. They announced recently that they won't be...

Barkworth Updated 

Rising wedge pattern on the hourly chart. Daily indicators show possible underlying strength, but hourly volume is decreasing. Broader markets could see a bounce on Monday, and APHA is likely to participate, but chances are very small that it'll break this pattern bullish. Trade with caution.

Barkworth

As expected, a bearish confirmation of the rising wedge pattern I posted last week. Now we are looking at a descending triangle on the daily charts, another bearish pattern, indicating that APHA may want to close the bull gap before reaching for new highs. It makes sense, to expect buyers to wait there, patiently. Seems like a great level to get in for a long...

Barkworth

The smartest company in the game, still in charge of their own board. Guided earnings, moving closer to positive EBITDA, I think we can safely say that Aurora is not burning through a Billion $ per quarter. We won't see $250.000.000 losses per quarter either. ACB doesn't 'deserve' to be dragged down by broader market fears. By now, it is clear that ACB SHOULD...

Barkworth Updated 

Levels on watch. Needs to break yesterday's high to break the wedge bullish. Indicators on the daily show underlying strength. Targets $6.90 and $7.20. A break above $7.20 would once and for all break the year long downtrend that APHA has suffered, in search for new highs. WIll APHA lead a new pot rally?

Barkworth Updated 

Everybody has been on the sidelines after that Citrus Research short play. Suddenly, this excellent news. Ignore the positive EBITDA, but look at the revenue growth. Last time APHA posted really great news, it trended up with almost 80% in under a week. Looking at the charts, we could be testing those levels again soon. It makes sense from a technical perspective,...

Barkworth

With the 50MA crossing the 200MA, and the price just registering lower lows and lower highs, I'm still staying clear of ACB. CGC is a great example of a play falling below the so cherished 'bottom trend line'. With a diluted float, we should move the bottom trend line lower, accordingly. I do feel that $5.85 was a great price though. Right now, it looks like that...

Barkworth

Even though APHA's results gave the sector a boost, CGC may have more downside ahead. With all the insecurities around this company's plans and direction, and a potential disastrous earnings call coming up, it is my best bet to stay away from CGC until it at starts posting higher highs. Levels on watch, trade safe!

Barkworth

ZYNE touched base at potential bottom. Bullish divergence on the 4 hour chart, flat RSI at the daily chart, with price pattern setting lower lows (also qualifies as bullish divergence). If all goes well, we're set to go look for a weekly lower high, at least at 50MA, but potentially even $14.80 or better. Levels on watch, trade safe!

Barkworth

Auxly just landed a strategic partnership and cash investment from Imperial Brands. Does that mean the bottom is in? This could be the start of a new bull run. The sling shot upward could explain why the indicators are topping out. With strong fundamentals and cash position, perhaps we'll see XLY start trending upward, to perhaps as much as $1.60 by...

Barkworth

Indicators at the sweet spots and price at 50MA. With bullish confirmation on Monday, we may get a buy signal, indicating the end of a long down trend. Or perhaps just in search of a monthly lower high. Levels on watch, trade safe!

Barkworth Updated 

Gann helps identify patterns early on. Before the end of this week, we'll have short term direction. Buy the dip, or sell the rally? 1.760% revenue increase, and not a single penny up? Ridiculous! This is a stock that is getting way to little attention. Wait until it gets the two licenses granted, later this year! ALEF has more capacity than CRON, just a little...

Barkworth Updated 

Despite all these posts about how it is going to break out now, then now, and then now, it has never once really broken its downtrend, after peaking at 10.38, so very extendedly so. Realistically, we're about the see the third Death Cross, and the price recently bounced on the 300EMA, then on its long time psychological support/resistance of $7.00. There is a...

Barkworth Updated 

I understand that my chart may offer you too many lines to understand. The red lines are long term trend lines, connecting peaks and dips. The blue lines are a Gann Box for the current cycle. I have marked the channel in which CGC has been trading for the past weeks. That is the one that is most important to notice. The thick blue line at the end, represents the...