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 !
Cannabis
$CRON Close Encounters of the Six KindNASDAQ:CRON
Don't mind picking this up around $6. Been trading sideways since the beginning of November, but has traded around $6 six times since February of 2018. 6 for 6 at $6. Too many sixes if you know what I mean. So does it go for a 7th time? I'll sell naked puts at $6 until then.
Auxly Group Hello fellas,
I won't lie, it's not looking good right now. Auxly is currently oversold and this is why we can see the 5% up today. However, the coronavirus outbreak will badly affect the mj sector and investors won't jump in again until earnings in may.
But in the end, I'm LONG with the king of 2.0 !
HEXO. P-Modeling Pt A. The Cannabis Strains of CajunWelcome to the Green Gold Rush Scrub a Dubs.
These are Opportunities of a Lifetime..
Be apart of the Cannabis Revolution!
Smoke em, if you got em..
Hexo Corp, formerly Hydropothecary Corp, is a Canada-based company that creates and distributes products to serve the Canadian cannabis market. The Company operates with an approximately 300,000 square feet of production capacity.
Equalization and steady growth is inevitable for Hexo Corp until USA legalization.
This range would potentially mark it's All-Time Low.
($1.16-$1.27)
Trade Set Up:
2500 shares of HEXO bought at $1.27
TP 1: $4.00
TP 2: $8.25
TP 3: $11.25
Long Term Hold till April 2021.
All-Time High prediction for HEXO : $11.25 by Q1 of 2021.
USA legalizes Cannabis Q1 of 2021. ( Bernie Sanders by Executive Order. )
Massive competition for HEXO = HEXO price drops significantly from ATH.
Be a Cajun.. Be one with the magical leaf. Be a 420.
Thanks for Pondering the Unknown with Me,
Glitch420
Ascending Triangle, is Canopy trading in a hidden pattern?There's also merit for a another Inverse H&S to play out here, after a few more trading days next week we may see the shoulder continue to develop or a retest of the bottom upward sloping line of the Ascending Triangle, which would also negate the inverse H&S narrative, but the bottom of the ascending triangle could still hold & result in a bullish outcome, keep in mind these patterns have a tendency to finish roughly 70% to 80% way through the pattern in either direction frequently.
Key Takeaways
An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends
An inverse head and shoulders pattern, upon completion, signals a bull market
Investors typically enter into a long position when the price rises above the resistance of the neckline.
An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The breakout can occur to the upside or downside. Ascending triangles are often called continuation patterns since the price will typically breakout in the same direction as the trend that was in place just prior to the triangle forming.
Key Takeaways
The trendlines of a triangle need to run along at least two swing highs and two swing lows.
Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy.
Where I think we are in the Cyclelast year when we touched a new 52wl the bullish rsi divergence was broken, but shortly recovered and remained on its path the stock gained 175% towards earnings. Could repeat imo. Not investment advice
Highly underappreciated cannabis companyHigh growth company WeedMD, part of Cannabis industry in Canada. It is highly oversold.
-They have lots of dried and to-be processed product which is not part of financial reports.
-They have finished acquiring StarSeed which has exclusive partnership with LiUNA.
Everything ready for take off. Just needs some love. I don't think it can fall more, it makes no sense.
Green Organic Dutchman Holdings. P-Modeling Pt A. Cajun GreeneryWelcome to the Green Gold Rush Scrub a Dubs.
These are Opportunities of a Lifetime..
Be apart of the Cannabis Revolution!
Smoke em, if you got em..
The Green Organic Dutchman Holdings Ltd., through its subsidiary, The Green Organic Dutchman Ltd., operates as a cannabinoid-based research and development company in Canada. It produces organic cannabis products, including organic dried cannabis, cannabis oils and edibles, fresh cannabis, and seeds for medical applications. The company also operates retail store. The Green Organic Dutchman Holdings Ltd. was incorporated in 2016 and is headquartered in Mississauga, Canada.
Long Term Buy. Time of Hold: Mid Summer 2021.
Trade Set Up:
5000 shares of TGODF
Entry $0.452
Target $8.00 +/-
10% block closes @ TP's.
Look closely..
What do you see?
I see laughter and curiosity..
An entire ecosystem lies right beneath your ego.
Impossible.. I am probably wrong..
Right?
Not. I. said the Hare..
Be a Cajun.. Be one with the magical leaf. Be a 420.
Thanks for Pondering the Unknown with Me,
Glitch420
CGC GapCGC created a gap in price last week when it made the jump back above $20 and has so far failed to move back above a previous support line(orange) which is now acting as resistance. Gaps tend to be filled in charts so the longer price fails to move back above the orange line, the greater the likelihood that the gap will be filled which means price will likely retreat back down toward $20 to close the gap.
TGODI think earnings will surprise us..... also this->
"With a more conscious/smart consumer and the fact that were not just ingesting but burning these chemicals TGOD will carve out a nice piece of the market for itself, a piece of the market that statistically has more disposable income and is willing to pay for quality."
Here is a list of 90 some chemicals allowed in products through the legal channels. :/
ingredient Limits of Quantification in parts per million
Product type: Fresh cannabis
Abamectin 0.25 0.1 0.25
Acephate 0.05 0.02 0.05
Acequinocyl 0.05 0.03 Footnote*
Acetamiprid 0.05 0.1 0.05
Aldicarb 0.5 1 0.5
Allethrin 0.1 0.2 0.1
Azadirachtin 0.5 1 0.5
Azoxystrobin 0.01 0.02 0.01
Benzovindiflupyr 0.01 0.02 0.01
Bifenazate 0.05 0.02 0.01
Bifenthrin 0.1 1 Footnote*
Boscalid 0.01 0.02 0.01
Buprofezin 0.01 0.02 Footnote*
Carbaryl 0.025 0.05 0.025
Carbofuran 0.01 0.02 0.01
Chlorantraniliprole 0.01 0.02 Footnote*
Chlorphenapyr 0.1 0.05 1.5
Chlorpyrifos 0.01 0.04 0.5
Clofentezine 0.01 0.02 0.01
Clothianidin 0.025 0.05 0.025
Coumaphos 0.01 0.02 0.01
Cyantraniliprole 0.01 0.02 0.01
Cyfluthrin 1 0.2 Footnote*
Cypermethrin 1 0.3 Footnote*
Cyprodinil 0.25 0.25 0.01
Daminozide 0.05 0.1 Footnote*
Deltamethrin 1 0.5 Footnote*
Diazinon 0.01 0.02 Footnote*
Dichlorvos 0.05 0.1 0.05
Dimethoate 0.01 0.02 0.01
Dimethomorph 0.05 0.05 Footnote*
Dinotefuran 0.05 0.1 0.05
Dodemorph 0.05 0.05 Footnote*
Endosulfan sulfate 0.5 0.05 2.5
Endosulfan-alpha 0.1 0.2 2.5
Endosulfan-beta 0.5 0.05 2.5
Ethoprophos 0.01 0.02 0.01
Etofenprox 0.01 0.05 Footnote*
Etoxazole 0.01 0.02 Footnote*
Etridiazole 0.01 0.03 0.15
Fenoxycarb 0.01 0.02 0.01
Fenpyroximate 0.02 0.02 Footnote*
Fensulfothion 0.01 0.02 0.01
Fenthion 0.01 0.02 0.01
Fenvalerate 0.1 0.1 Footnote*
Fipronil 0.01 0.06 0.01
Flonicamid 0.025 0.05 0.025
Fludioxonil 0.01 0.02 0.01
Fluopyram 0.01 0.02 0.01
Hexythiazox 0.01 0.01 Footnote*
Imazalil 0.01 0.05 0.01
Imidacloprid 0.01 0.02 0.01
Iprodione 0.50 1 0.50
Kinoprene 0.05 0.50 1.25
Kresoxim-methyl 0.01 0.02 0.15
Malathion 0.01 0.02 0.01
Metalaxyl 0.01 0.02 0.01
Methiocarb 0.01 0.02 0.01
Methomyl 0.05 0.05 0.025
Methoprene 1 2 Footnote*
Mevinphos 0.025 0.05 0.025
MGK-264 0.05 0.05 Footnote*
Myclobutanil 0.01 0.02 0.01
Naled 0.2 0.1 Footnote*
Novaluron 0.025 0.05 0.025
Oxamyl 1.5 3.0 1.5
Paclobutrazol 0.01 0.02 0.01
Parathion-methyl 0.03 0.05 Footnote*
Permethrin 0.5 0.5 Footnote*
Phenothrin 0.025 0.05 Footnote*
Phosmet 0.01 0.02 Footnote*
Piperonyl butoxide 0.25 0.2 1.25
Pirimicarb 0.01 0.02 0.01
Prallethrin 0.05 0.05 Footnote*
Propiconazole 0.01 0.1 Footnote*
Propoxur 0.01 0.02 0.01
Pyraclostrobin 0.01 0.02 0.01
Pyrethrins 0.025 0.05 Footnote*
Pyridaben 0.025 0.05 0.02
Quintozene 0.01 0.02 Footnote*
Resmethrin 0.02 0.1 0.05
Spinetoram 0.01 0.02 0.01
Spinosad 0.01 0.1 0.01
Spirodiclofen 0.25 0.25 Footnote*
Spiromesifen 0.05 3 Footnote*
Spirotetramat 0.1 0.02 0.01
Spiroxamine 0.01 0.1 Footnote*
Tebuconazole 0.01 0.05 0.01
Tebufenozide 0.01 0.02 0.01
Teflubenzuron 0.025 0.05 0.025
Tetrachlorvinphos 0.01 0.02 0.01
Tetramethrin 0.05 0.1 Footnote*
Thiacloprid 0.01 0.02 0.01
Thiamethoxam 0.01 0.02 0.01
Thiophanate-methyl 0.03 0.05 Footnote*
Trifloxystrobin 0.01 0.02 0.01
CGC -- INVERSE H & S -- A BUY CALLINVERSE HNS SPOTTED. THE NECKLINE SHALL BE RETESTED AND THE PRICE SHALL FLY TO TP1 (1.0 FIBO) AND NEXT TP2 (1.618 FIBO).
Aurora Cannabis - Buy 14/02/2020Friends, please before reading, support this idea with your Like and any Comment, thanks.
Expect the completion of the correction in the logarithmic scale and the beginning of the price increase in wave 3 or C.
You will find more trading ideas in SAV Finance community.
ACB goldgreenboiWork out where you want to buy and sell based on the info provided on the chart, make your own financial decisions . This is the treasure map . No X marks the spot however.
Hint:
Horizontal Lines are strong levels and solid targets.
Trend Lines are not as reliable or as solid as Horizontal Lines.
ACB Financials are growing exponentially, their sales and timing are impeccable with the markets.
Canada legalised Cannabis on 17th October 2018.
B uy the R umour, S ell the N ews.
1 May 2019 - Canada would introduce excise tax on all products containing THC, and introduce three new product classes for recreational sale: cannabis edibles, cannabis extracts, and cannabis topicals.
NYSE:ACB
TSX:ACB
FWB:21P
Aurora Cannabis - Godly swing trade setupThis might be a long analysis but let me explain why this stock will go higher than Seth Rogan on 4/20.
The stock market and the cryptocurrency markets continue to trend up and we are starting to see companies in all sectors start to break out. This stock is an amazing opportunity because it recently dropped 17% to 1.65 based on FUD. Do not let FUD news influence your judgement, let the TA influence your judgement. Aurora is fundamentally stable and the growth of cannabis is inevitable due to Millennials and Generation Z. This company is on a secular uptrend but it has recently followed the rest of the cannabis stocks such as CGC on the way down. But it's gone down far more than I believe is reasonable. Do not fool yourself to think that it's the company doing really bad, it's not doing bad enough for this to disregard supply and demand, its the sector going down. It's not sustainable for this sector to continue a downtrend in the middle of a bull market. A lot of sectors have already curved out of the pullback phase and began their uptrend. With that being said, the possibility of a swift bounce to $4 in the short term is very likely. Another aspect we need to look at is the triple top at $10. I believe if the stock curves up to 4$, then the momentum should push price beck up to the triple top, which will certainly be broken(similar to the tesla trend). This stock should swing to $15-20.
Let's get into some indicators:
30 week moving average: normally I look for the stock to be crossing the MA for me to be sure about a reversal but the stock fell so sharply that it skewed the 30 and 50 week MA's. They do NOT hold relevance at this moment in time. It will very soon when the stock is trading at around 4$ and then we should start seeing a cross on the 30 week MA, instead of this MA that looks scary.
RSI: the RSI is bottomed out, I use 30 with a 30 MA on mine because I dont like using the 14 RSI, I think it caps you out too soon. According to the RSI we have a massive amount of room for momentum. You can call me cynical but I've been doing this for a while and I know this stock has enough momentum for a swing to $15-20.
MACD: we had a bullish cross on the MACD on the week of January 13th.
Volume: we can see the bottom being caught by large volume. The bulls are here, we're buying the support level. If you zoom in to the daily time frame you will also spot an inverse head and shoulders pattern that's still holding even after the recent 17% drop.
Horizontal Support: we're holding a massive support level from 1.30-2.00 that's relevant from OCT of 2016 to OCT of 2017.
So to wrap things up, we have several bullish indicators and we know there was a massive influx of volume on the triple top level around $7-10 and a massive support level at $1.30-2.00 from 2016. We're in a bull market and the company is not doing bad. Aurora will shoot up.
Bull Flag or Descending Triangle.It appears as though the 200 Day MA is acting as the floor of the descending triangle or bullish flag.