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TLRY Long-term Bottom SignalsTLRY has created several long-term bottom signals including the first wiseman on the monthly and weekly charts. This combined with momentum divergences and the 161.8% (a+b) time relation all indicate a potential long-term reversal is starting now. This also fits with my bearish stock market forecast because for the last couple of years there's been an inverse correlation between the index and cannabis stocks. I also believe we could see an old switcheroo here, cannabis stocks dumped and crypto pumped post-election in the short-term, now we could see the opposite in the long-term where we see a long-term cannabis bull market and a long-term crypto bear market. There's a high probability Trump does not create a strategic bitcoin reserve in the first 100 days, on Polymarket the odds are >70% that this does not happen. It's also very likely most state-level bills will fail initially. While some reserves could eventually happen it will likely be in 1-2 years when prices are much lower and the hype has died down. Meanwhile, the HHS has already recommended and the DEA has already begun the process of rescheduling cannabis to Schedule 3 several months ago, and Chris Christie has said Trump will completely deschedule cannabis under his administration, ultimately making it fully legalized. In my opinion, everyone is underpricing this likely future, while simultaneously overpricing the future where Trump actually kept his promises about crypto in the first 100 days. I do not think Cannabis stocks will ever be this undervalued again, especially after legalization happens, so now is probably the best time to be accumulating these stocks for the long-term while they're super undervalued.
NASDAQ:TLRYLong
by Intuit
$SNDL: A MASSIVE 1600% OPPORTUNITY FOR THIS CANNIBIS MICROCAP!NASDAQ:SNDL A MASSIVE 1600% OPPORTUNITY FOR THIS CANNIBIS MICROCAP STOCK! 🌿🤯 Are cannabis stocks back?! 3 Reasons Why in this Video: 📹 1⃣ My "High Five Trade Setup" strategy 2⃣ Catalyst: Decriminalization of MJ in Germany back in April and acquisition of NOVA. 3⃣ Symmetrical Triangle Breakout Video analysis 2/5 dropping today. Stay tuned!🔔 Like ♥️ Follow 🤳 Share 🔂 Are cannabis stocks back?! Let me know in the comments below. Not financial advice. OTC:CRLBF OTC:TCNNF NASDAQ:TLRY TSX:ACB OTC:CURLF OTC:GTBIF AMEX:IWM NASDAQ:QQQ #TradingSignals #TradingTips #options #optiontrading #StockMarket #stocks #CannabisLegalisierung
NASDAQ:SNDLLong
by RonnieV29
7
TLRY cannabis stocksHexo turned out to be a bummer pick but TLRY is still remaining Which leads me to believe that the only thing that could cause a price to drop this much and then project this high upwards, has got to be due to federal legalization THC drinks and possibly more. Lots of legal hoops to jump through for states and cannabis and more, but there is good that comes from legalization, meaning research money, meaning jobs, meaning genetics, meaning new ways of grow cannabis and using it that could ultimately be safer to consume vs now, maybe leads to dosages being figured out and effects to be specifically altered per user or use or effect or whatever you want to imagine. Maybe not every state is ready to allow it but it seems across the board, it's a favorable issue for a lot of members of both parties. I've heard trump say, he doesn't need or want to use it but he has seen it do amazing things to help other, I've heard Kamala can help undo damage done during the course of a long a difficult career, and allow people who were simply selling to get by vs selling to commit crime and harm others, which ultimately means, she could probably do some good with the current fentanyl issue. As clearly she is now thinking about it from some views other than her own and how it can be used as a net good. On top of that, it's clear the big companies or execs maybe even pharma companies need a look and a whole lot of questions asked about why cannabis caused the inability to fund through loans, borrow money, pay with credit and more. So TLRY has overseas connections, favorable politics swinging their way through years of work, and drinks infused with THC, which as more research comes out, there might be ways to safely allow bars to serve drinks without someone being unable to get home within a reasonable amount of time. Would this ever occur, maybe, but the important key to take away is open research and money into science and then obviously trying to work with Mexico to literally end cartels (I have deep core ties to Columbia) and Escobar from stories I've heard personally and have no idea if they are true, really took care of the area he controlled, but yeah, he also probably was doing some awful stuff to others. Lesson to learn here is that maybe some evil can be treated with a new direction, but some evil needs two major governments and police/technology and security that both keeps each place within their areas trying to solve a common goal and allowing each other to assist when a task is too difficult to handle on their own or ours. And clearly show the world that Mexico won't allow groups of evil to thrive and America can secure the border by doing it all in Mexico which could then theoretically lead to a an open border discussion, but say what you want. There is a major issue with cocaine usage and literally and knowingly killing other humans to profit, which is maybe evil, and something we could easily do which defense stocks getting obviously so much money pretty much all the time. Again, why can't we help our vets to the point where it's not a issue? And they can seek help without losing status, rank, pay, benefits and more. again, political views aside, America has a bad ass military that runs one hell of task, why aren't we using them to flush out corruption and evil and still find a way to maintain being an ideal view of how the military used to stand up to bad, and maybe we should have listened better should a former president suggest that money can cause an issue where oversight is gone, paraphrasing of course, as it's quite obvious this president have some serious foresight and tried to express that concern. finally, cut anything out of this that you want to make it make sense in your world, but to make short a sweet, legalization allows the states more power, gives institutions power to direct lots of money towards meaningful research, gives avenues where we can actually start to work on the drugs that are laced with awful stuff coming into the country so frequently. And then you figure out who funds it and destroy whatever is left of that system, maybe dismantle is a better term, and start to setup some form of life that means someone in south america shouldn't feel the need to risk their life to leave their home, or why so many innocent people die for "drugs" which is probably a way better start a securing the border. A big wall can still have value in metal, and value can lead to an even better wall for cyber crimes, especially as we head to space. The space force is no joke, It was some well done prep work from former presidents and a realization of how much valuable stuff will be in a space making it targets for "evil" Why do I say all of this, probably because a big first step is exactly the one I mention, legalization, and then locking up or whatever the leader decides is needed at that time. Ideally with a new lens of money being used to manipulate others at will. but my view is just one, I can't say my way is best, right or even possible, but again, legal leads to open freedom in safe environments. In fact, maybe the best person to handle an issue like that is someone who is potentially willing to legalize something that her decisions in the past have led to jail or worse.
NASDAQ:TLRYLong
by nicktussing77
1
Philip Morris: New Motivation!Philip Morris has gained new motivation, stretching visibly higher in its chart. Still, the price has more upward distance to cover before reaching our turquoise Target Zone between $119.47 and $123.80. Once the top of the turquoise wave B has been established there, the stock should sell off below the support at $82.95 and, afterward, into our green Target Zone between $77.61 and $62.42. The low of the green wave should then initiate a bullish trend reversal. However, we consider it 35% likely that the green wave alt. has already been finished. In this case, PM would surpass our turquoise Target Zone.
NYSE:PM
by MarketIntel
TLRY - 420 to the MOON or is CANNABIS FINISHED?This chart is pretty explanatory, and probably doesn't require much explanation. I'm bullish on this stock. I'm 90% sure Dems push cannabis legislation through as it's a bipartisan issue for the most part, and will look good for both parties pre election. Starts with credit cards and banks, imo. Don't follow green line path as gospel, it is often incorrect, but helps me plan a preliminary "ideal" path based on indicators. It helps with backtracking predictions, and keeping emotions in check, as you know what "past you" saw. I like 1.89 as a big time buy target, but it could easily go lower. Relevant trends and targets marked. Watch out, current trends are showing the run-up into earnings, which would allow for a drop. Does this mean anything? Not always, but it's good to note. current bullish price movement doesn't have to end if rejection trends and targets start to break and confirm. Good luck!
NASDAQ:TLRYLong
by nicktussing77
21
send $acb back to $1002024 has been very busy for NASDAQ:ACB - Aurora Introduces Medical Cannabis Pastilles for Patient Relief in Australia - Aurora Completes Final Repayment of Convertible Senior Notes Representing ~$465 Million in Total Repayments Since 2021; Cannabis Operations Are Now Debt Free - Aurora Partners with Script Assist to Provide Better Access to UK Medical Cannabis - Aurora Cannabis Announces CFO Transition and Completion of Previously Announced Share Consolidation when looking at the chart we can see obvious price discovery to the downside, and the last year of lows have come with heavy market selling. however on the plus side the buy pressure has been positive in the background suggesting someone is happy to scoop up the stock down here. its only a matter of time before NASDAQ:ACB picks up again given the company are now debt free :-)
NASDAQ:ACBLong
by TBTS
3
MJ ETF (cannabis) - Potential Double Bottom Pattern - MonthlyMJ ETF (cannabis) has potentially double-bottomed over the past 6 months (october 2023 to march 2024). Either a possible tradable bounce, or a long-term rally could occur over time as more countries partially legalize cannabis and marijuana. Long-term resistance price targets would be: $6, $9, $14, $18. Support price targets below would be $3, $2.50, $2, $1. Cannabis companies and stocks are highly sensitive to Government Laws & Regulation changes, Fundamental Catalysts, and Corporate Earnings.
AMEX:MJ
by NoFomoCharts
Tilray's 8% Surge: High-Risk Gamble or a Path to Redemption?Tilray Brands (NASDAQ: NASDAQ:TLRY ), once a shining star in the cannabis industry, finds itself in turbulent waters as its stock price struggles amidst a series of setbacks last week. Despite aggressive growth through acquisitions, Tilray's stock has plummeted, trailing behind major indices and leaving investors questioning the efficacy of its strategy. The Acquisition Frenzy: Tilray's growth trajectory has been marked by a flurry of acquisitions, positioning itself as a major player in both the cannabis and alcoholic beverages markets. From snapping up eight beer brands from AB InBev to acquiring Truss Beverage from Molson Coors, Tilray seemed determined to diversify its revenue streams and mitigate the inherent risks of the cannabis industry. Revenue Growth vs. Mounting Losses: While acquisitions have propelled Tilray's revenue growth, with annual revenues soaring from $179.3 million in 2019 to over $700 million in the trailing twelve months, the company's bottom line tells a different story. Net losses have ballooned, surging from $36.1 million in 2019 to over $1.4 billion in the same period, raising concerns about the sustainability of its expansion strategy. Cannabis vs. Beverages: A Shifting Landscape: Despite its roots in cannabis, Tilray's focus seems to be shifting towards alcoholic beverages, evident in its recent revenue breakdown. While the cannabis segment still contributes significantly to its revenue, the beverages segment is gaining ground, a trend likely to continue as integration efforts persist. Challenges on Multiple Fronts: Tilray ( NASDAQ:TLRY ) faces an array of challenges, both domestically and internationally. In Canada, its home market, saturation is squeezing margins, while regulatory hurdles in the United States pose obstacles to expansion. Even in Germany, touted as a potential growth market, barriers loom large, underscoring the uphill battle Tilray faces in realizing its ambitious revenue targets. Stock Price Forecast: Tilray's ( NASDAQ:TLRY ) stock price paints a bleak picture, with a strong downward trend persisting throughout the year. Despite its downward trend, Tilray ( NASDAQ:TLRY ) stock was up 8% in early market trading this could be a sign of a bullish breakout after the stock's poor performance last year. Technical indicators suggest that further downside could be in store, with key support levels looming as potential targets.
NASDAQ:TLRYLong
by DEXWireNews
Philip Morris: Sleepyhead The Philip Morris stock is moving mainly sideways with only a slight hint to the upside. However, to follow our primary route again, the tired Philip should soon awaken from its slumber and regain bullish momentum. The turquoise wave B should extend into our turquoise Target Zone (between $119.47 and $123.80) to establish its high. Only afterward do we reckon with sell-offs, which should push the price into our green Target Zone (between $77.61 and $62.42). The green wave should settle its low in this range before a sustained upward move can be ventured. On the other hand, there is a 35% chance that PM will surpass our turquoise Zone, thus confirming that it is already busy with the green wave alt. .
NYSE:PM
by MarketIntel
"Aurora Cannabis: Short-Term Bearish, Eyes Massive Bull Run"Analyzing Aurora Cannabis Stock: Tight Compression Forms Massive Falling Wedge Aurora Cannabis stock, a prominent player in the cannabis industry, is drawing attention from investors as it undergoes a significant chart pattern characterized by a tight compression formation from a six-year retracement, resulting in a massive falling wedge. Despite recent attempts by bulls to break out, the stock faced rejection at $1 and is currently breaching short-term support levels. While we advocate for long-term accumulation, short-term projections suggest a potential shed of 10 cents per share, presenting an absolute buy opportunity. Let's delve deeper into what Aurora Cannabis stock represents and its current market dynamics. Understanding Aurora Cannabis Stock Aurora Cannabis is a Canadian cannabis company that specializes in the production and distribution of medical and recreational cannabis products. With a focus on innovation, quality, and sustainability, Aurora Cannabis has established itself as a leading player in the burgeoning cannabis industry, catering to a diverse range of consumers and markets. The Tight Compression Formation The tight compression formation observed in Aurora Cannabis stock is indicative of a period of consolidation and indecision among market participants. This compression has formed over a six-year retracement, culminating in the creation of a massive falling wedge pattern. Falling wedges are bullish reversal patterns characterized by contracting price ranges and declining volume, typically signaling a potential breakout to the upside. Recent Breakout Attempts and Short-Term Outlook Despite recent efforts by bulls to break out of the falling wedge pattern, Aurora Cannabis stock faced rejection at the $1 level, highlighting the presence of strong resistance. The failure to sustain momentum has resulted in the breach of short-term support levels, indicating a period of uncertainty and potential downside pressure in the near term. Accumulation Opportunity While short-term projections suggest a potential shed of 10 cents per share, we believe that Aurora Cannabis stock presents an attractive long-term accumulation opportunity. The fundamental strengths of the company, coupled with the growth potential of the cannabis industry, position Aurora Cannabis for success in the years to come. As such, investors may consider utilizing the short-term downside as an opportunity to accumulate shares at favorable prices. Conclusion: Navigating Aurora Cannabis Stock In conclusion, Aurora Cannabis stock is undergoing a significant chart pattern characterized by a tight compression formation and a massive falling wedge. While recent breakout attempts were met with resistance at $1, the breach of short-term support levels suggests potential downside in the near term. However, we view this as an opportunity for long-term accumulation, as the fundamental strengths of Aurora Cannabis and the growth prospects of the cannabis industry remain intact. Investors should exercise caution and consider their risk tolerance when navigating the short-term volatility of Aurora Cannabis stock.
NASDAQ:ACBLong
by UnknownUnicorn2319099
3