FalconM89

FalconM89

Purple ghost bars are from OGI, which as you will see, is exhibiting very similar behavior. Short activity on this stock is fairly high. A couple days ago short volume was 70%+ of the daily volume, most days average 40-50%. Check shortdata.ca for details. If the MJ sector remains bullish, this will be a great play for LONGS because the pieces are in place for a...

FalconM89

Curaleaf reminds me of Canopy when I bought them at $2.15 CAD after Trudeau was elected. No one knew Canopy but two years from that point everyone from grandmas to hedge fund investors were talking about them. Curaleaf is the best play right now for US legislative plays and I don't know anyone who is talking about them. The news cycle is starting to make its...

FalconM89

I am willing to wager that OGI won't go much lower with many MJ-sector events coming up in the pipeline, including Mexico legalization; MORE act passage in the House; Georgia senate elections. Moreover, OGI's combined cash, assets, and revenue puts their current market capitalization in the cheap - your not paying any premium for future growth. In today's world of...

FalconM89 Updated 

If price holds above this wedge it will signal a major break out of the medium term trend and give some serious technical strength for breaking out of the long-term bearish trend. As for the political side of things, it looks like the Democrats have a chance of winning the Senate. If they can keep the Republican senator votes below 50% in Georgia and North...

FalconM89 Updated 

Sell off today in Aphria is a bear trap because nothing will break the MJ sector's momentum until the U.S. election is said and done. Let the shorts build up their positions and let the bulls pretend like they don't care. They can buy back in at double the price. Aphria's fundamentals are sound anyway, a little overseas trouble has had no real bearing on the...

FalconM89 Updated 

Aphria rally is following the lead of the SP 500. MJ sector still has some major growing pains and the sector needs to consolidate. My sector wide assumption is that all the stocks are going to be brought to the point of near collapse and only the ones with truly strong fundamentals will rebound (Aphria being one of them). There is a high chance in my mind that...

FalconM89 Updated 

I remember at the very beginning of legalization after Trudeau got elected, I thought this company had potential. I examined them closely but decided to sell them at $0.42 because I did not like their management. Sure enough, shortly after the stock rose to 1.00 then 2.00 and so forth. I had already moved onto Canopy, Organigram, and Aphria. And I will say this,...

FalconM89 Updated 

-Alas, my interpretation of what is happening in the market based on events and money flows -There is a major disconnect between equities and the economic hardships -Financial media has struggled to explain this and often lumps in price movements with some very disconnected narrative -In short, my belief is that the NASDAQ stopped falling when the SP 500 found...

FalconM89

MACRO VIEW First thing is first, my macro view is bearish. The long term debt cycle is calling and will come to head this decade, real growth needs structural correction, zombie companies need to be shot in the head, governments need to evolve digitally and remove excess, monetary policy needs to shift money flows directly to consumers, manufacturing needs to come...

FalconM89

The million dollar question: -Pump fake through Red OR -Plummet through Blue

FalconM89 Updated 

-Gold is currently starting a long-term parabolic trend, spurred on by the addition of trillions of dollars by central banks around the world, near 0% interest rates that will be held for years to come, and immense economic and monetary uncertainty. For these reasons my macro analysis is premised on a very bullish outlook. Declining real GDP growth will also...

FalconM89 Updated 

I am a fan of curves rather than diagonals or straight lines. The latter has too many false flags, which tends to work because they are so mainstream. Based on price action and long-term curves of support/resistance I have created a layout for numerous scenarios. Enjoy and good hunting. Note: The Bears got faked out everything is awesome channel has 2 different...

FalconM89 Updated 

Elliot Wave Structures - Daily and Hourly -Bears have run out of room, they are set for a major squeeze - well structured Elliot Wave rally on the Daily -wave 3, is 2.618 extension of wave 1 -wave 4 is 0.5 of wave 2 -wave 5 is 0.5 of wave 1 -Also, worth noting is that the conclusion of this Elliot wave cycle on the daily, there is an overlapping Elliot wave...