ACB
ACB searching for support above the low of OctoberACB is positioned weak with a potential daily bear flag.
Key short term levels:
S: 7.92
R: 8.93
HEXO - Looking BearishDear Traders,
For those who want to make a nice gain with a short position, you found your target!
Hexo announced in the papers that there will be delays due to a lack of inventory.
In other words = they have a shortage of product = Bearish News!
Friday shows a red candle going through the 100 Moving Average (6.24C$) meaning support didn't hold, and the next support will be located around 5.69C$, 5.22C$ (200 ma) and 5.08C$.
Let's see how this will play out on Monday. But Bears took control.
Keep your eyes on the charts!
If you have any questions or any thoughts, feel free send me a PM or to comment on this TA!
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Take care!
ORGANIGRAM - Back to the buy zone?Dear Traders,
As we can see on the chart, Organigram's Bears were in control.
Bulls did form some kind of Buy Area, located around 5.18C$, the 200 moving average indicator.
A comeback into the buy zone wouldn't shock me, just to shake out those last bear hands, and to head up higher? Or will the bulls fail to take control and the price will drop under 5C$?
Looking at the chart right now it looks like the bears are still in control.
Keep your eyes on the charts!
If you have any questions or any thoughts, feel free send me a PM or to comment on this TA!
If you'd like to join my Discord Channel to talk about stocks, share knowledge and have a laugh then please send me a PM so that I can link you to it!
Take care!
ACB - What's next for Aurora?Dear Traders,
ACB has been showing ups and downs the last couple of days. Earnings showed growth but a lot of investors were skeptical and that was seen in the price action.
First I'd like to start about the vol indicator on this Chart.
It shows a potential Curve, which would mean that we in exactly at the lowest point of the curve, low volume, not a lot of buying power, but not a lot of selling power either.
On the chart you see that i've drawn a big green line, that represents the bull's breakout line. if the bulls manage to push it above that line it could create a potential run to a higher resistance point, which, if that was the case, the bulls would have to break the resistance at our 55 day moving average (55 MA) located at 8.86C$, if they succeed, price action would likely go to around 9.25C$ (100 MA) and 10.58C$ after that (200 MA).
The other scenario is me thinking about that Curve previously discussed. If we were indeed at the lowest point, that means votality would be low. One thing I do know is that price drops faster than it goes up. So keeping that in mind, ACB could also drop lower.
Our Support are is located around 7.93C$. Bulls need to manage to keep the price above it in order to stay bullish. If they fail, we might see a drop to around 7.24C$.
Let's see how this will playout on Monday.
Keep your eyes on the charts!
If you have any questions or any thoughts, feel free send me a PM or to comment on this TA!
If you'd like to join my Discord Channel to talk about stocks, share knowledge and have a laugh then please send me a PM so that I can link you to it!
Take care!
$ACB Short and then to the moooon!Going lower short term. Grab it at ~$6/7 and watch it fly for months.
Medipharm - License + Partnership !Dear Traders,
Let's have a look at Medipharm.
MediPharm Labs Corp . (TSXV:LABS) is a leading B2B Canadian cannabis extractor, producing purified pharma-grade cannabis oil and concentrates for the development of cannabinoid derived products. As part of their B2B model, MediPharm Labs supplies raw materials, formulations, processing and packaging for ready-to-sell advanced derivative products. The first Canadian company to become a licensed producer of cannabis oil under the Access to Cannabis for Medical Purposes Regulations (ACMPR) without first being a licensed cultivator, MediPharm Labs is focused on bringing pharma-grade products to the adult-use and medical cannabis industries in Canada.
On the 12.11.18 they received their License approval and today, the 13.11.18 they announce a partnership with Supreme Cannabis:
'' ("Supreme Cannabis" or the "Company") (TSXV: FIRE) (OTCQX: SPRWF) (FRA: 53S1), is pleased to announce that the Company has entered into a three-year agreement with MediPharm Labs Inc . ("MediPharm"), a wholly owned subsidiary of MediPharm Labs Corp. (TSXV: LABS), to facilitate the launch of the Company's cannabis oil products line. MediPharm holds a processing license and is a leader in the cannabis industry focused exclusively on cannabis extraction and producing pharmaceutical-grade cannabis oil.
Supreme Cannabis, through its wholly-owned subsidiary, 7ACRES has agreed to supply a minimum of approximately 1,000 kg of high-quality cannabis trim as input per year to MediPharm for the extraction and production of at least 200,000 40ml units of premium, high-terpene cannabis oil products for the adult-use consumer market. Under the terms of this agreement, all cannabis oil products processed by MediPharm will be sold under Supreme Cannabis' brands, including a new, to be announced brand. The program will be established at no capital cost to Supreme Cannabis, with MediPharm receiving a processing fee based on the cannabis oil produced.
"We expected market segmentation as the Canadian cannabis industry evolved and the emergence of dedicated experts focused on downstream activities. Partnering with product experts, such as MediPharm, allows Supreme Cannabis to launch oil products quickly," said Navdeep Dhaliwal, CEO of Supreme Cannabis. "We are excited to be working with MediPharm and look forward to Canadian adult-use consumers being able to experience High End Cannabis™ oil products derived from what we believe is the best flower being produced at scale." ''
This is great news for both parties, and even more for Medipharm, this is a huge week for them and now they are finally ready to grow as a company and what a start!
Let's Talk Technical Analysis:
Price action has broken the first green line (today) showing great anticipation for a breakout. Our next target is the resistance showed on the graph. Bulls tried to go pass it twice, but failed due to no good motivation. With this news in play i'm pretty confident it will break. Once it does the price will stamble against the 0.382 fib level which will serve as a Resistance level aswell. I think we might see a first failed break due to the 10% run it had already, so I think it could drop towards our Resistance, which is now a support level as shown on the chart.
Once arrived there there should be a bounce, and another attempt to break. If Bulls do break above the 0.382 fib level, our next traget will be the 0.5 fib level, which would be a 18.25% run.
Let's see how it goes tomorrow, but I know I'll be watching Medipharm from close!
Any thoughts?
Feel free to leave me a PM if you'de like to join my Discord Channel where we traders talk, laugh and share knowledge!
Take care.
Aurora Cannabis PushACB announce on Monday 10:30 am the report for the latest quarter. Canopy announced the Constellation deal at the same time when the market was open.
The hole market will see a Green Day tomorrow
Have fun
Kalytera - Next 100% run ?Dear Traders,
I've been fan of Kalytera for quite some while due to their future potential.
Kalytera Therapeutics Inc is engaged in the development of a next generation of cannabinoid therapeutics. The company is developing CBD formulations and prodrugs to target specific disease sites within the body.
This Company develops cannabinoid (CBD) therapeutics for a range of unmet medical needs. CBD is a compound that shows activity against various pharmacological targets. The company develops CBD formulations and prodrugs to target specific disease sites within the body.
Its programs include Bone Fracture Healing Program, Osteogenesis Imperfecta Program, Osteoporosis Program, and Osteoporosis in Prader-Willi syndrome.
In other words, there a lot of diseases that remain hard to cure and Kalytera is working on different programs to try and finding cures.
kalytera.co/programs/
out TA shows us a huge bullish divergence on the MACD Histogram, this shows me a reversal would happen and yesterday kaly jumped, this was the confirmation I was waiting for, this thing is going to go up and soon! Someone knows something!
I love the fact that CBD is now taken as a very serious medicine. It's been around us for more than hundreds of years but we never used it to try and cured people with it.
Kalytera will release news soon, and I can't wait to hear only good results from this company in the future!
Great Longterm hold !
Namaste - Bulls are in control again ?Dear Traders,
Namaste CEO gave a live interview yesterday evening during which he shared his future plans and vision for the company and it all sounded very promising.
Looking at the chart of Namaste, I can see a bullish divergence which occurred when the stock reversed. The price action is now above the 100 ma (which is now support) and under the 200 ma (which is our resistance line). Let's see how the bulls will do today but i'm definitely keeping my eyes on this stock today.
Medipharm Labs - Time for a Reversal ?Dear Traders,
Medipharm had some nice activity news wise this month and traders are buying again.
All I can see on the daily chart is that we are above the 50 RSI, which is bullish, on the hourly chart we are touching the 100 ma which will define if this is a reversal or not. If we succeed in holding above 1.60 then this could be a very good swing trade.
I entered at 1.58 and i'm waiting for some movement. All we need is some buying volume and this will go up !
MediPharm Labs Corp is a producer for cannabis oil production. The company is focused on downstream secondary extraction methodology, distillation, and cannabinoid isolation and purification.
Any thoughts ?
ICC LABS - Ready for another run ?Dear Traders,
Another stock i'll keep my eyes on this week is ICC Labs, they announced Shareholder Approval of Arrangement With Aurora Cannabis.
Buy volume went up yesterday and there is plenty of ingredients here telling me it might go higher. There is some resistance but with a higher buy volume we should be able to break through it and see a new ATH!
About ICC
ICC is a fully licensed producer and distributor of medicinal cannabinoid extracts, recreational cannabis and industrial hemp products in Uruguay as well as a fully licensed producer of medicinal cannabis in Colombia. The Company has active operations in Uruguay, and is focused on becoming the worldwide leading producer of cannabinoid extracts, giving support and promoting responsible use for medicinal purposes, backed by scientific research and innovation, while following strict compliance with standards for quality and safety.
Kalytera - Huge potential here !Dear Traders,
We finally see some movement on KALY yesterday, this stock was forming a huge bullish divergence and I was just waiting for spike in volume to confirm this, and here it is. Im expecting Kaly to make a nice run due to good news and also due to the longterm potential this stock offers.
I'm in at 0.110 and another entry at 0.095 to average down. Let's see what Kaly can bring to us today ! Im smelling news coming soon !
What are your thoughts ?
ACB surges on Jeff Sessions' ResignationBig move today following a tweet buy President Trump that he has accepted the resignation of Attorney General Jeff Sessions
twitter.com
This came after a clear hourly bear break across the sector singling some daily consolidation was coming, but this breaking news clearly sidetracked that plan and delayed consolidation for at least a little while. I am closely watching for the hourly trend to change as the daily chart is very over extended right now
Key levels for tomorrow:
S: 9.59
R: 10.75, 11.29
ACB finishes strong on weak volumeACB gapped up over the key resistance and saw profit taking, fighting back throughout the day to climb to a new high of day.
Levels I'm watching
S: 9.07
R: 9.88
Khiron - Creating a divergence / Bullish times a headDear Traders,
In my opinion Khiron (great long term hold btw) is about to make a bullish Divergence.
We will see a lower low with a bounce off, where as the rsi will have created a lower low.
Wait for a higher buying vol for confirmation, I'd love to see a Kangaroo Tail pattern, this would definitely give us confirmation for a reversal.
GTEC - Bullish momentum coming ?Dear Traders,
As we can see GTEC had to retrace after it's run, and the time for a reversal as arrived. We can see a bullish divergence forming on the RSI and MACD Histogram. Let's see what the bulls will do this week. A push towards the yellow line (100 ema) would be very nice !)
ACB hourly uptrend on watchWatching the ACB hourly uptrend, the loss of which will signal healthy daily consolidation is coming. A break of Thursday's high of 9.28 will have us looking for bounce continuation.
Key levels:
S: 8.84
R: 9.28
$SPRWF $FIRE Daily Technical's Reset - RSI - MACD - Volume Fundamentals are solid for Supreme, very bright future imo. Long term uptrend in tact. Daily technical's appear to be resetting. See chart technical analysis for details. GLTA
ACB hourly equilibrium on watchThe oversold bounce is starting to feel toppy with a bearish reversal candle on the daily and declining volume. The high of the day rejected from the 100MA and we're in an hourly equilibrium now to determine if we're going to see bounce continuation or set a higher low on the daily chart.
I would also look towards Canopy for clues on how the sector leader breaks.
Key levels for hourly eq:
S: 8.63
R: 9.12
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For anybody looking at any individual stock it is imperative to keep an eye on the overall market and the analysis I do on SPY. The correlation of every individual name and sector to the market is very real and affects every stock you own.
ACB - Time for a reversal ?Dear Traders,
ACB took a huge hit, but i'm happy that thanks to my previous TA I expected a big drop. I saw a Bearish Divergence and I stayed far away from ACB, WEED, TGOD and APH.
But i decided to have a look because a reversal in imminent at this price.
On the 1hr chart I see a Kangaroo Tail which is a bullish pattern, and I also see that my histogram is showing a Divergence, a bullish one.
I think we might see a little uptrend towards 8.90C$, which is our 21 ema (Resistance), if that breaks, we should see a run towards 10.25C$ which is the 55 ema.
Let's keep an eye on this one tomorrow.
