She took the proposed bearish alternative path. Announced a new shelf prospectus of $1B yesterday. If $8.14 is lost, the previously proposed bullish alternative will be invalid. $1B shelf prospectus. Does that suggest that they are looking to make investments? The amount seems rather high, considering they already had a new prospectus for $300M.
I'm doing a quick and dirty this week just to give me a sense of where premium is at ... . Highly Liquid Single Name With Earnings in the Rear View Ranked by 30-Day Implied Volatility: WKHS (27/232) (EV) TLRY (13/193) (Cannabis) NKLA (15/138) (EV) ACB (6/124) (Cannabis) SPCE (30/120) (Aerospace) PLUG (39/113) (Alternative Energy) NIO (41/107) (EV) TEVA (11/103)...
They were left out of the deal with Aphria, lost a CEO last year who was hired particularly to find a merger/acquisition, they have been continuing layoffs, lost billions of dollars last year, keep diluting the stock, and they are running a large multinational organization (complicated). The best hope for ACB is that it has hit rock bottom as a company and will...
PH (power hour). Just wanted a quick headline with the view.
... Might update later..
It's hard to explain, I don't know how, but it's almost like you can just feel the stupidity permeating from this chart pattern... It's like art, really..Wallstreetbets has truly outdone itself this time.
ZeroHedge, Wed, 08/26/2020 - 10:05 "2020 has been a stunning year for countless reasons, and one of them as we previously reported is that following the covid pandemic there was an absolute avalanche of equity offerings, culminating with some $113 billion in stock sales in the second quarter as we showed before. "Yet while the staggering amount of follow-on...
ACB has a well defined ascending trend line supporting the price which the price just bounced off of. The upper trend line is not as well defined, but I copy and pasted the bottom trend line in the assumption that ACB is in somewhat of a parallel channel with some fake-outs above. Regardless of the channel, there is resistance around ~$18 that the price has fallen...
Quick update to previous proposed dual count. Falling wedge in play, seems to favour the bull count. Not surprisingly, a break out here would target the proposed upper range.
Just something I remembered from a few years back. Love that tradingview play button, so figured I'd post the look just to see what will happen. Noticed it was moving. Back in 2018, for awhile it was the darling of speculatives in the weed stock sector, rising from sub $1.00 to $15.00. That was back when TLRY blew up the stock market. They recently entered...
Potential gain:45% Reward/Risk:2.6 Timeframe: 4-6wks I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! Don't forget to like, comment, and Follow to...
Cannabis feels so meta sometimes. TLRY leads a 10x market run and then collapses to the worst performing Cannabis company in 2021 lol. Man APHA definitely getting the short end of the stick here haha but they'll all make plenty of money slangin drugs together. Wish I had done a mashup like this a long time ago, lots of fun data. Here's how I've been betting...
Looking @ the hourly charts we see a textbook H&S formation. We've already broken through support at the neckline. We could be looking to previous support around $11. The bullish perspective would note the MACD reversal, signal over EMA, with the uptrend on RSI. Significant volume would be needed for trend reversal. Also look for shrinking negative momentum on...
CRBP has a massive upside from here. The 2nd wave is complete and the 3rd wave is on way
The EW for this asset is neutral right here. This implies that investors are divided, and we need to rely on TA for clues on direction. Post earnings, fell back inside the lower range, after rejection at the bottom of the next range up. Some overhead resistance marked on the chart. Lets see what next week brings. New Jersey is likely to pass the legalisation bill...
Above $13.32, this wave could be in play. If she rallies, upside targets marked with FIB extensions. Lets see what happens today. Technically, I don't want to see it lose yesterday's low.
A short video on what happened todayin the cannabis sector and how to read it on level 2. Enjoy!