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Canadastock

LONG 3.5k shares of $OGI @ $.73 $OGI showing bullish trend change signals here at $.73 for long-term #Potstock exposure. Technical analysis: - Bullish RSI divergence showing on Monthly & Weekly chart which suggests and upside rally soon. - Momentum oscillators and MACD are buried and curling up from lows on all time frames chart.. - possible double bottom test here at $.70-.75 best seen on daily and hourly chart.. - Emotional retail investors are the main price action driver so a final shake out of weak hands that have accumulated over the years & grown impatient with the lack of stock appreciation seems likely. With that said, share price could see a possible $.68 washout over the next couple weeks with sector tailwinds and industry consolidation. - Institutional investors are still waiting on the sidelines for the market to mature, however, I feel they will be late to the party on any major industry catalysts discussed below and the bottoming processing is occurring now. Fundamental analysis: - Low cost producer, pot stock industry Licensed Producer pioneer with the best cultivation knowledge - Strong balance sheet with large cash position to stalk and act at the perfect time to enter Germany or US market, either through a convertible note or acquisition. - Strong cash to debt - strong price to book of .6 and price to sales of 1.98 which suggests undervaluation - Management continues to learn and watch from other publicly traded companies success and failures in the US market to keep shareholders interest in mind when getting exposed to US markets - Very compliant to Canadian and other country industry regulation. Leader in market share in Alberta and expanding into Winnipeg (gummies). Largest Hash producer in Quebec - Currently exporting to Israel (cannadoc) & Australia, and looking to expand into US and Germany - British American Tobacco's significant investment (BAT) suggests strong partnerships in product and industry regulation research. Big Tobacco wants to be exposed to Cannabis and chose Organigram as an entry into a very regulated market that they have to be cautious - Canadian indoor grown cannabis is a premium brand in many countries, - Potstock sector tailwinds look to finally be slowing down and priced in like safe banking act failing & other regulations priced in - margins growing driving efficiencies , long term vision - CAD likely to rally against the USD here to reduce foreign exchange impact Catalysts: - federal legalization in US - reschedule of cannabis in US - market competitor shake out that will happen over time and industry consolidation Risks: - Continued common stock dilution with ATM share offering and stock compensation - Emotional Retail Investors continue to liquidate while smart money accumulates below <$1 - Nasdaq delisting however, intrinsic value suggest share price is undervalued below $1. Company mentioned they would reverse stock split if it came down to it - US and other countries slow progress on regulation - Industry wide tailwinds and sell offs Although OGI has produced highly inconsistent earnings , the company should be back flirting with free cash flow. Risk reward remains favorable with a tangible book value of nearly $1.64 per share limiting downside. The future is bright with Organigram. One of the best balance sheets in the industry, a great team with great execution, both on the retail side execution sales excellence, and in cultivation and production. Organigram will expand outside of Canada offering exposure to many different markets and opportunities for share price appreciation
NASDAQ:OGILong
by CashFlo_Trading
TSX trend channel CHAOSA quick follow up to my previous posts about the TSX or the colony of Canada, if you prefer. Quick observations on a long timeline weekly chart: We bounced off the top of the channel top for over a year Major roll over into a recession/depression/stagflation ... take your pick at this point Commodity super cycle talk seems to be done for now as we can assume the markets are generally manipulated (research gold) My expectations: We will at least hit the middle of the channel (middle line) and if things continue to get bad (nukes anyone), look for an overshoot to the downside. BUT... if the volatility shoots up in the the highs of the year, I can guarantee big ass bear market bounces. So go long on vix highs before you get back to the bear side. Hope that helps?
TSX:TSXShort
by coremonster
1
$ABXX GO TIME on ACH license this weekI am putting myself out there that as time passes its more and more likely that Abaxx is awarded its license to operate as an approved clearing house. I thought it could slip into August and it has but it may yet still not come this week. So we have 5 days here for it to come for this chart to perhaps be a nice call on Stock performance this week. Note prior candle sizes Abaxx has put up in March and April, also a nice one in June. Price has a history of travelling .40-.50 cents in a day on above average volume. Abaxx being awarded this license this week opens up the door for that share price action I believe. I noted that red candle from a couple weeks ago as its large red volume but doesnt tell the whole story. There was a large buy on the OTC side mid morning and the price moved up, sellers took control in the afternoon but the bulk of the volume for the day was on the buyside. If Abaxx is indeed awarded its license this week it will be easy to look back and say last Thursday was indeed a shakeout of speculators and or weak hands as they anticipated news and trading it, The sell off was bought quickly. I put it up there now to perhaps be ahead of the game, or be wrong. For fun I put up that candle with a volume range for trading. I intentionally stopped just over $4 as there is evidence that there will be *some* resistance there from the chart (trendline inputted). Also there is the psychological resistance factor to consider whenever you cross over into a new dollar amount where traders may take profit. All in all, I believe being awarded the license when it comes will be an absolute shift in trend to the upside for Abaxx. There is also the AGM meeting on August 25th where shareholders will vote to allow leadership to reduce shareholder capital in Abaxx and pay out a dividend in kind in the form of BASE Carbon shares which should also keep eyeballs and buyers on the stock. We'll have time before the actual Abaxx Exchange launch which should come in late Sept/early October if Company's current TL is maintained. So there will likely be some healthy pullback and consolidation. I am really curious to see if volume starts to ramp up. This is a relatively tight float a strong portion of which is held long. If there is significant buying interest the price could and should move in Sept to test the NEO ATH set in early April. $ABXXF traded on Dec 28th with CDN markets closed for Boxing Day holiday (BD was on weekend) and put up large run that hit an ATH but sold off intra day. For now lets see what this week brings. I have a Long position in $ABXX. Should you trade this stock please follow your own trading rules and do DD before taking a position. Hit me up on twitter if you have any thoughts/questions/callouts or want to learn more about Abaxx. Cheers, Luke
NEO:ABXXLong
by LeBelleChart
3
Trump, China, Australia, Pentagon, REE's 14.000% profit: wake UPWe live in a technology driven society today, where new innovations are environmental driven. Most politicians now believe that the new economy will be 'green', with machines that run on electricity either from harvesting sun/wind/wave/dams. The oil age has peaked, probably some years back already, as smart-money has moved out of it with new investments. The shift from oil to green carries with it new needs, as for example new engines, where REE (rare earth elements) is crucial. These REE's are not as rare as one would perhaps think, but the type of ground it lies in, depth and concentration is the factors that decide if it is worth starting a mine to extract it. Today China has had an almost monopoly of this market. Now we write 2020 and the need for these REE's is only increasing day by day. Not only is the pressure on getting access to these metals due to limited supply building, but as China is being seen upon as a threat for most western countries, their allies and neighbours, there is a new urgent need to find alternative supply chains outside of China. Without going to much into the politics around international trade and how monopoly can be weaponized, it should be easy for anyone with access to daily news to see how it keeps escalating, and the stress countries like Japan, Germany, USA, Taiwan, Australia etc. are facing. COMMERCE RESOURCES in Canada, is a mine with what seems to be the one with biggest potential in any country looked upon as allied with USA,EU and AUSTRALIA. With proven drill samples showing high concentrations of REE's needed in our green shift, easily accessible and the right type of rock it's in. Commerce resources has captured the attention of the Pentagon and EU. Commerce resources has for years worked on its drilling, mapping, road plans, agreement with local Inuit tribes, researchers on mineralogy, extraction techniques, separation efficiency and profitability of the project. Now combining this work with today's political climate and the increased needs for these resources, you have what can look to be the investment of a lifetime. Using today's REE prices that are actually not historically high, the mines resources in the ground is valued to about 2.2 Billion CAD (Canadian dollars). There is 50 million share out today and it is traded at 0.3 CAD THIS MAKES THE COMPANY WAY UNDERVALUED AT ONLY 15M CAD. If one uses today's REE prices and the 50 million shares as basis, the price target is at astonishing 44 CAD. Ask yourself this: where is a good time to invest into a project like this? 0.30 CAD ? 3 CAD ? 30 CAD ? Many books has been written about what is called ONE HUNDRED BAGGERS, meaning investments that can give you 10.000% return on your investment. Here you have one served you on a silver plate.Do your own research and discover the truth in what I write. Buy now, then share this facts with the ones you love and friends. This REE money train just started rolling. Good luck to you all, stay safe and be patient. www.commerceresources.com www.bloomberg.com en.wikipedia.org
TSXV:CCELong
by aksjetom
1