Canabisstocks
The dependence between the dollar index and the high risk assetsIn the following chart you can see the dependence between the dollar index, the crypto market cap, and the oldest weed stock ETF
Below them is the market cycles indicator which measures the overheating of the US economy.
We can see that when the DXY is in fundamentally downtrend condition, the economy is in good fundamental condition and the indicator is showing us buying opportunities marking green investment area, the crypto market is booming.
Read the full article here: rodopacapital.com
Morning Star Bullish Bullish MarubozuWe have a Morning Star and the Bullish Candle happens to be a Weekly Bullish Marubozu and it is showing Bullish Divergence and the MACD and RSI nearing a Breakout of a Parallel Channel if we get continuation in the coming weeks given the MACRO in the sector we could see something big happen here.
the start of 3rd wave of Elliott from $5.5ACB cypher harmonic pattern:
B=0.61 A
C=1.42 B
tp1= 0.78 A=1.27 C=$30
tp2=2 C=$105
Please don't waste more time or money. ...ACB
Hello, I did this analysis because I am losing 50% of my entire portfolio at the moment with ACB, my opinion is that ACB has no future. its graph is very bad. it is very sensitive to financial markets. freaks out over very little things or nothing.
Every resistance breaks it no matter what happens. The last time one day before the earnigs reports hit the bearish resistance and fell back. Edge funds knew about this and they put massive short orders just like they did with GME now they break every support or resistance, no matter how good the news is, it always ends up falling.
Financially, ACB is the worst company among all in its sector. It has the largest debt of all and each time its net profits are smaller, also the money is spent to acquire more things when the business does not even have a profit. smaller and smaller earnings.
growing debt. Financially it is rubbish.
I hope people can get out of this company as quickly as they can and don't lose all their money. have a good day
tradingview is a bitch making me re-write all this shitIndications & Patterns
Monthly TF
- Descending Wedge formed and being tested
- EMA21 being tested with ATH volume
Weekly TF
- Heavily tested EMA21 and SMA50 broken and have crossed
- SMA100 now being tested
- Leaplong downtrend line forming descending triangle with fib 0
- Bullish Div on Sqzmom
Daily TF
- Bear div w/ possible hidden bull div on MacZ
- SMA200 crossed EMA21, SMA50 and now close to SMA100
2hr TF
- EMA21 transitioning to downtrend
Fundamentals
- Medical Cannabis Sector (Biden)
- Sector leaders such as AXIM,ZYNE,OWCP have increased 100%+ since Feb, but before the recent red days. ARTL has lower market cap then them, they have increased 200%+ since Feb
- "Authorized Shares of Common Stock from 18,750,000 to 750,000,000." Dec.12
- "Equity Incentive plan from 2018 recently passed by SEC" Dec.16
- Share Float - 45%
- 37% held by investors, 18% by shareholders
- Short volume .20
- Short float - 14%
Verdict
- Sideways, or even downtrend for the coming weeks, followed by a pump to $6.5 area to fill gap down
Tilray® to Import Medical Cannabis in the UKTilray® Announces Agreement with Grow Pharma to Import and Distribute Medical Cannabis Products in the United Kingdom
Grow Pharma will distribute Tilray’s GMP-certified medical cannabis products across the UK
New UK agreement gives doctors and patients access to a sustainable supply of Tilray’s pharmaceutical-grade medical cannabis products
Tilray expects to have a range of GMP-certified, medical cannabis products available for patients in the UK by March 2021.
finance.yahoo.com
SNDL Lots of BullI know I basically just posted my position shorting this one at 1.9, but after reading around I'm the only bear around. I love this company so nevermind, look at all those bull signs.
I'm setting a stop loss at 1.85 when it hits 1.9. Hopefully it doesn't touch, and blows out into open waters. If it nestles above the resistance tomorrow I'm buying regardless if my stop loss went off or not.
My biggest concern is that MACD is already up there, but I think it might consolidate above $2.
Cronos Group Long Idea / Buy Toronto-based Cronos Group has always played it safe by not aggressively going after acquisitions, instead using cash to focus on research and development with its products. With steady revenue numbers, it has kept its balance sheet strong enough to at least survive the COVID-19 storm.
At the moment, Cronos's business is predominantly in Canada, though its American and Israeli segments are growing quickly. While its Canadian segment hasn't expanded much this year, its total quarterly revenue is growing at a rate of 29.1% year over year, which is a bit faster than Canopy. But this growth doesn't change the profitability problem. That said, Cronos may not need to take dramatic action to reach profitability, thanks to a powerful new ally.
In March of last year, Altria Group agreed to invest $1.8 billion in Cronos in exchange for a 45% share of the company. Altria is one of the world's largest tobacco product manufacturers, and its holdings include everything from major cigarette brands to newly famous e-cigarette and vaporizer companies like JUUL. So it's reasonable to expect that Altria will empower Cronos with its considerable strength in product development, brand-building, and supply chain management. As long as Altria continues to invest in improving its vaporizers, Cronos will benefit, and it will have a long-lasting competitive advantage as a result.
From all this i am expecting the stock to outperform canopy growth in the long term +4years . And seeing the price reaching 100$ or even more by 2030 .
Buy and Hold.
Good Luck
PLNHF - Planet 13 preparing for the take offWhen OTC:PLNHF breaks out - $6 is next stop. Dont cry that you didn't get in soon enough.
VFF Village Farms International 100% Cannabis potentialVillage Farms International is one of the more interesting small-cap cannabis companies on the market.
It has only 335.252M Market Capitalization, and makes a small profit every year. Even though the P/E ratio is huge, 190.66, they don`t have debt like most of the cannabis related companies, because it`s being one of the most cost-effective growers on the market. A big reason for that has to do with Pure Sunfarms, a highly efficient cultivation operation in which Village Farms owns a majority stake.
Total cannabis cultivation costs came in at $0.64 per gram for its first fiscal quarter, a massive improvement from the $1.04 per gram seen in Q1 2019.
On July 8th Village Farms Expanded To The Netherlands, Partnering With DutchCanGrow.
DCG expects to become one of 10 licensed cannabis growers within the country once the Dutch government allows the first legal recreational cannabis market in Europe. Dutch regulators have allowed a limited number of companies to cultivate cannabis and supply coffee shops in the country legally.
On 7/24/2020 Brokerage Raymond James Boosted the Price Target to Outperform from $11.00 to $14.00. Now WFF is trading at $5.96.
If you are interested to test some amazing buy and sell indicators, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.