HRVSF - poised for more than 100% returnsHarvest Health, a cannabis stock, seems to have finished its minor wave 5 down and tracing minute wave 3 up. It is behind its sector peer KERN which had recently grown more than 100% (see its recent post here). If minor 5 hasn't finished yet it should cross its low at 0.47 before going up, this would be the alternative scenario. If it crosses 1.20 the odds strengthened the main scenario. FOLLOW SKYLINEPRO TO GET UPDATES.
Cannabis
KERN - most probable short-term target at 9.12After reaching its low at the end of minor wave 2, Akerna strongly rebounded and grew 108%. the next probable target for is at 9.12, when minute wave 3 should finish. FOLLOW SKYLINEPRO TO GET UPDATES.
HRVSF - continue its path up, 50% up already achieved in 15 daysHarvest Health, a cannabis stock, achieved more than 50% of gains since the last post. It is now tracing minor wave 3 up and the most probable target is at 1.85. FOLLOW SKYLINEPRO TO GET UPDATES.
APHA: $5 Short Target [Has Long Potential]First off, please don't take anything I say seriously or as financial advise. As always, this is on opinion basis. That being said, let us get into my thoughts. I believe given how APHA been doing financially given this quarter, and its current bullish run, a $5 short target is reasonable. However, I am worried the wave may peak at that point, and it does have bearish potential afterwards if that is true. Overall, it does have long target potential with medium risk, but if I am right, a sell off and reinvestment may be better.
TLLTF - opportunity for short term 20% gainsTilt Holdings is tracing minuette wave 4. After it is complete the most probable target is 0.3285. FOLLOW SKYLINEPRO TO GET UPDATES.
APHA - completing minute wave 1As forecasted in the previous post, APHA completed its minor wave 2 correction and is now tracing the final stages of minute wave 1. After this is complete, minute two should develop and after that it should be a good time to enter this position to capture the best wave to ride, that is wave 3.
CGC: $18.07 Short Target by June 1stFirst off, don't take anything I say seriously or at face value. As always, this is on opinion basis. That being said, let us get into my analysis. I believe that a realistic price correlation target given continued support and contingent on its earnings call, is likely to pass the $18.07 threshold. It also has long potential as well for a positive bullish correlation, but does look like it can be a quick flip short term.
Maybe Cannabis Is The Cure For The Virus, LoL (MJ)Will be opening long positions on the cannabis ETF alternative Harvest. (MJ)
Weekly is compressing for momentum shift to the buyers.
This is a 3day, right on the money crossover.
Good risk to reward. I like it.
AURORA CannabisIdea for ACB
Figured a potential bottom on the fibonacci spiral, horizontal to the inner spiral.
APHA - correction on the wayAPHA, a cannabis stock, seems to have finished minor wave 1 up and it is tracing down for minor wave 2. The most probable targets are from 3.39 to 2.84. If prices crosses up 4.28 this scenario will be void. FOLLOW SKYLINEPRO TO GET UPDATES.
Cresco Labs - possibility of more than 10% growthCRLBF seems to be tracing a minuette 3rd wave of minute wave 3. In this scenario, prices should reach higher levels than 4.00. FOLLOW SKYLINEPRO TO GET UPDATES.
Wedge on timeframe 1 dayThe wedge was formed on timeframe 1 day. I expect growth of quotes if the price breaks the upper limit of the pattern.
Rolling Up The Cannabis LoudPack Aye?Symbol: ACB
Cannabis stock analysis, want to see this one play out. Correlate it with the last etf I just shared for cannabis sector health. Hope this helps. Enjoy. 🤠
----------------------------------------------------
Want to level up your trading skills?
We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal.
Also checkout our trading indicator available in the link on our page.
---------------------------------------------------
Thank you for your continued support, God bless.
- Major League Trader
Alternative Harvest ETFSymbol: MJ
The cannabis sector. The holy grail of money to be flooded to. These cannabis prices are insane. I've been wanting to buy into this ETF but clearly this has not been a good sign in a while. When market corrects I think the cannabis sector will take off running. Will keep watching to see if it wants to correct lower. Obviously I'm on the weekly so I'm looking for a good transition.
----------------------------------------------------
Want to level up your trading skills?
We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal.
Also checkout our trading indicator available in the link on our page.
---------------------------------------------------
Thank you for your continued support, God bless.
- Major League Trader
Ascending Triangle or Head & Shoulders?On the RSI there's a H&S patter so visible if I need to draw it I'm not sure you're familiar with a Head & Shoulders pattern.
What Is A Head And Shoulders Pattern?
A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
Key Takeaways
A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest.
A head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns.
What Does The Death Cross Tell You?
The death cross occurs when a short-term moving average (typically 50-day SMA ) crosses over a major long-term moving average (typically 200-day SMA ) to the downside and is interpreted by analysts and traders as signaling a definitive bear turn in a market.
The opposite of the death cross occurs with the appearance of the golden cross, when the short-term moving average of a stock or index moves above the long-term moving average. Many investors view this pattern as a bullish indicator. The golden cross pattern typically shows up after a prolonged downtrend has run out of momentum. As is true with the death cross, investors should confirm the trend reversal after several days or weeks of price movement in the new direction. Much of the process of investing by following patterns is self-fulfilling behavior, as trading volumes increase with the attention of more investors who are driven in part by an increase in financial news stories abut a particular stock or the movement of an index.
Limitations Of Using The Death Cross
All indicators are “lagging,” and no indicator can truly predict the future. Once & while a death cross can produce a false signal, and a trader placing a short at that time would be in some near-term trouble. Despite its apparent predictive power in forecasting prior large bear markets, death crosses also do regularly produce false signals. Therefore, a death cross should always be confirmed with other signals and indicators before putting on a trade.
Cronos at its long term trendlineCronos is at a crucial long term support area. I believe the MJ space will begin consolidating and get its act together in the coming years, and those with large amount of cash will be well positioned to survive/capitalize. It’s very possible if the market at large suffers the pain it seems to inevitably still endure, this could go lower.
AC
This is not investment advice of any kind, always consult a professional.
WOW, look how perfect that is TLRY cup & handle reversalTLRY up because it is a cup & handle pattern and it just looks so perfect. It matches the .618 retrace and it is amazing how it looks to fit so perfectly. We closed literally at the fib. Wow! This matches the fib level of the cup & handle, handle I linked. You can see how we are in a channel and that we are going to target 1 around 11.23, which would be around the 300 sma on the chart. You can also see how the dotted line perfectly lies within all of this (target 1) and then target 2 as I learned is the length of the depth of the cup and still within the channel. I drew three grey lines that are just relative resistances from the overall bearish trend. It is amazing how the second target matches the yellow follow through that is a copy of the prior days move. Great news just came about providing 40b in liquidity to cannibis sector in Canada! Also, it is so amazing how it looks how it is going to breakout and have a nice retrace to test the prior huge bearish channel.
Aurora Cannabis Inc.Cannabis stocks are looking juicy. 59 cents would of been sweet buy. To early to call for now.. put limit at low .
La crypto en berne, et les stocks de cannabis en forte hausse ! En ce samedi, je voulais vous ouvrir sur le marché des actions et notamment les "pot stocks" ces entreprises productrices de cannabis médicinales ont vécu un boom en 2018 et pendant ces 3 dernières années, quelques actions ont performé cependant la majorité a essuyé un long bear market.
En revanche, ce marché et les nouveaux usages donnés au CDB qui n'est pas considéré comme une drogue, quant à lui, par rapport au THC ( les deux composants de cannabiode).
Utilisé pour combattre des maladies comme la maladie de Parkinson qui permet aux patients de ne plus souffrir de forts tremblements qui les incommode dans la vie de tous les jours.
Des nouveaux moyens de consommation comme des gateaux, cookies , boissons, bonbons, et permet à l'industrie du cannabis de se transformer et de gagner en popularité.
Bonjour à tous,
Je voulais vous présenter une entreprise pour le mois prometteuse et que je suis depuis presque 2 ans
$ TLRY - Tilray ( www.tilray.com )
Entreprise canadienne
Première entreprise avec la licence de production de cannabis medicinale dans le monde
Plus Haut enregisté : 300$
IPO : 17$
Prix actuel : 9,10$
Plus bas: 2,47$
Depuis 10 jours, il ya eu de forts investissements comme tu peux le voir sur le graphique et le prix a fait x4
Il y a pas de mal de chemin a parcourir pour retrouver des prix entre 22 et 51$ en tout cas ca laisse aussi une très belle marge de progression par rapport au cours actuel.
Is Canopy trading in a bull flag? Or possibly a descending triangle, but the 200 day MA has held since roughly March 18th 2020, building a nice stair-case like pattern.
TILRAY $TLRYWell movement. Volume is super. just hit the resistance and rsi is oversold. after some correction next target; $9.56 , $11.76
OGI looking at a turnaround at sub $3Looks like we have a solid bottom on OGI. Assuming the bears don't sell at resistance and overall markets continue to show strength , OGI should rebound hard and easily retest the $3s and $4s resistance. About to break through short term downward resistance. Scaling back in and buying the dips. Cannabis is also an industry in Canada that won't be laying off anyone, it's already "clean" operations (mask, bug free). To add to the bulls, illegal weed online sites are getting shutdown. Look at the seizure of orderweedonline.ca by the RCMP. This is a GOOD time to be a licensed producers as government and law enforcement goes into the "clean up" version of the black illegal market that sells anything.
Q4 earnings and current virus situation are pain. But in may and Q1 I believe !
I first bought at .90USD and I keep averaging down every month. My last play in XLY will be at .18CAD.
I was right with the .25CAD. I'll be right with .15...
WallStreet will fall. Get used to it and take care.
Good luck all !
