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Cannabis

CANNABIS BACK TO THE MOON?This is not an advice. Just my thoughts about Cannabis stocks. I personally believe in the product too and the market to grow. Tilray is going to merge with Aphria on 14th of april and on 21th of may they will tell their earnings in a report. I hope to see a retest this week to the 23 area. After a break of 23 we can see more up to 30 or even higher. It's also possible it will stay more around this 20 area just like the past two weeks. Be careful because it is a really volatile stock. Set your SL wide enough because this stock moves with ease + or - 6% per day. I wish everyone good luck and safe trading.
NASDAQ:TLRYLong
by megustadinerow
1
Momentum Attempting to Shift in Favor of Bulls in Cannabis Many Cannabis stocks have been getting beat down as of late with some down 35%+; At this point in time it would seem that many of these Cannabis stocks are in areas of value while showing seller exhaustion. This leads me to believe that soon we will see an Uprising in many of the Cannabis plays we're all familiar with and possibly even see some of the undermentioned plays attempt a rally with them. Because of this i think that this ETF so long as it stays above $20.50, should see much higher prices in the Mid term future.
AMEX:YOLOLong
by RizeSenpai
Possible yum yum style breakout for $SNDL! The chart is looking great on the 5.5 hour (333 minute) chart. Could this be a yum yum style breakout, or will it be a flop? I have a bunch of call options with a strike price of $1.50 that expire today. Could we see a bull run within the day that brings us to $1.50, or will it be over the next few days/weeks? Either way, this seems like a tipping point to me! We also have the new news that New York State legalized recreational cannabis for adults! Not sure how that will affect this stock! Happy trading! Not investment advice
NASDAQ:SNDLLong
by primroseverglade
1
Short Idea: Greenlane Holdings Inc GNLCGreenlane Holdings Inc (GNLC) is a distributor of vaporization products and consumption accessories in the U.S. The stock got a huge pop on news of a merger with KushCo Holdings. However, Kaskela Law LLC announces that is investigating Greenlane Holdings to determine whether GNLC executive officers and directors violated the securities laws and/or breached their fiduciary duties in connection with the proposed transaction, as well as whether Greenlane shareholders are receiving all material information in connection with the proposed transaction. Greenlane also has a weak balance sheet, free cash flow negative and heavily financed. Target: $4.25; $2.00 Exposure: 1-2%
NASDAQ:GNLNShort
by TheMacroStrategist
ONE LOVE! Let's get together on weed stocks. Oh boy! Where were you when all this was happening? Cannabis (aka weed) stocks as a group set to take off. This could be bigger in percentage terms than Biotech pumps we saw in the pandemic period. As some will be aware major changes have been happening in the USA and Canada to 'legalise' certain aspects of cannabis. GTBIF and CURLF were ahead of the race. Changes are following in many other countries. Both GTBIF and CURLF may correct significantly so if investing here one has to look for a nice pull back and take a controlled loss. But this post is not just about two cannabis stocks. There are dozens of these stocks in Canadian and US markets and Google will help you to find them. The could be more long term investment opportunities, say over 5 to 10 years. Buying low should be easy for many of these stocks. Some on my watchlist are: TSX:CRON, TSXV:EMH, TSXV:N, NASDAQ:TLRY I'm not saying the above are great. If others find good ones, then help out everybody else by sharing. Other cannabis stocks are at all time lows. Some say they will pick up. How would I know? Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
OTC:GTBIF
by Captain_Walker
Greenlane Holdings & Kushco Holdings Merge - Amazon of WeedAncillary Business. No plant touchy. Massive 17M volume today which is over twice the 7M volume on its IPO at $17 (20x+ typical vol). Don't forget it hit $29 on its IPO day in April 2019 also. Too bad that vape lung thing was so scary and people lost their minds and sold out. lmao. Well, now the saucer is gone but it's gonna turn into a large cup. Buy it before it starts making new highs.......Watch it turn to a billion dollar business this year. Even Dutchie got the $1B valuation. lolololololoolool. Weed won. CANNABIS BOOM 2021 is underway. Hold for decades!
NASDAQ:GNLNLong
by EpicEconomics
1
APHA Day-Trade / Swing-Trade IdeaAPHA is a potential day/swing trade idea. Technical Analysis: A (bullish) inverse head & shoulders pattern is nearing confirmation. Crossing above the previous high (Pivot) of 17.58 is a key indicator for this. Bollinger bands on the 20-day SMA indicate that APHA is currently oversold and trending upwards towards the central mean (Red Line). Potential price movement shown (up to 19.09) is based on the delta from the the neckline to the head of the H&S pattern. However if momentum develops from FOMO or other news, that causes the price to cross above the central Bollinger mean (Red Line), the next pivot could be 20.97. Other catalysts that are moving investors towards APHA are: 1.) the upcoming finalization of the merger between TLRY (Tilray) and APHA (Aphria). 2.) investors positioning themselves for TLRY's (Tilray's) upcoming earnings report. 3.) Newyork State Governor (Andrew Cuomo) news of upcoming legalization of Cannabis. 4.) The prospects of future mergers and acquisitions (M&A) or other market expansion within the United States as the House and Senate move towards legalizing Cannabis at the federal (National) level this year. Just my opinion, not advice.
ALong
by khollspati
1
Aphria Inc: Green Light For Green Life! 🌿🌿🌿Recently, Aphria went all the way through our blue trading zone and we believe that the bearish movement should be over now. From here, we expect the stock’s price to increase again and crush through the mark at CAD28.78. All in all, we expect prices of above CAD37 to become reality in the near future. With a probability of only 30%, there is a chance that the price drops below CAD17.51, but this gives us only more profitable entry points. Don’t miss this chance!
ALong
by MarketIntel
6
$MSOS sending SOSFirst US cannabis ETF is gapping down, both longs and shorts are fair and reasonable. Longs: - Bottom of channel will be retested soon and may bounce. - Gap shall be closed and may bounce. - Once year open retested it may bounce. - I'm not watching news so I have no clue what they say on CNBC. Shorts: - Formation of H&S pattern, therefore measured move possible. - If year open does not hold, we will be gapping down all the way to the beginning of the bullish cycle for retest. - Usually new asset formation includes some form of the squeeze. They want all your money therefore they will trigger every stop on the way. Not financial advise.
AMEX:MSOSShort
by LEVERXYZ
SNDL-Repeating PatternsOn this analysis, we can clearly see the repeating patterns that SNDL been forming on its chart. -It is pretty clear how SNDL is in love with the Ascending Triangles. -While some triangles took days till the breakout (rise), some took months (purple triangle). So it really depends on market sentiment and investor's confidence. -The recent big rise again followed by a nice drop which brought the potential for another Ascending Triangle formation. -Another fact about the patterns is that every rise was followed by a bigger rise! But also every drop was bigger (in percentage) than the previous drop. For ex: While the first 2 drops were 24% and 40% big, the next 2 ascendings had a drop of 60% and 50%. And lastly, the recent drop was 70%. So each time, the returns are bigger, but the risks are getting bigger too! -Currently, the length of the triangle is 1 month and 14 days. The longest time it took to break the triangle (purple triangle) was 2 months. Looks like we are going for the 2 months long triangle formation again! -With the given lost confidence among investors due to the market volatility and rising bonds, it is more probable that SNDL will wait for couple more weeks to fill the 2 months period for another breakout and rise. -ATR is also getting close to its Volatility support level, but still has some space to drop. Probably will cause a little more drop in SNDL price as well.
NASDAQ:SNDL
by caldooninvestment
30
Buy $TLRY - NRPicks 14 MarTilray, Inc. is dedicated to the research, cultivation, processing and distribution of medical cannabis. The company offers its products to patients, doctors, clinics, pharmacies, governments and hospitals. The Ministry of Health and the New Zealand Medicinal Cannabis Agency grant Tilray the first approval under the new Medicinal Cannabis Plan to launch medicinal cannabis products across the country, which will undoubtedly have a major impact on revenue of the company. During the week, most sectors showed a recovery, however, the marijuana companies had a controlled upside and this is likely to continue. We consider that Tilray is in the middle of its journey. Technical: - Average RSI levels - Buying force 143M buying volume last week. - Bounce on MA100
NASDAQ:TLRYLong
by NewroadTrader