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Cannabis

MedMan capitulation and retail shakeoutI do not provide financial advise. Despite serious declines in Canna Stocks in 2019 looks like $MMNFF successfully capitulated and retail investors are being shaked out by institutions. Here's why: - On macro, long-term parabolic wedge has resolved itself by hammered spring and followed up by SFP bullish candle. Please note this was second largest green candle in history of the stock. Smart money accumulating. - Volume is picking up. - RSI bottomed below 30 for a long time. Accumulation? - Stock still in down trend because Lower High at $0.75 hasn't been taken out yet, but looks like new price discovery is completed at this point. - For investors with high risk tolerance this is the best entry due to high asymmetrical setup. For conservatives entry above $0.75 - Targets are $1.80 / $2.75 / $3.80 - Stop below last swing low
MLong
by LEVERXYZ
Aurora Cannabis (NYSE: ACB) The Mother of all contrarian tradesAurora Cannabis has been on a downward spiral driven by a combination of multiple factors including Cannabis 2.0 slow roll out in Canadian provinces, amounting debt, recent Bond conversion and further dilution of existing shareholders, departing executives and a market glut of oversupply. Well, basically all things that could go wrong have gone wrong for Aurora, making it a clear "Sell" case; that is if you own the stock, ha!!... For those investors waiting on the sidelines, this could be a great entry point for the stock. Aurora just relesaed today a corporate update outlining long term strategy growth plans. The report can be accessed here: www.prnewswire.com Whats next? Aurora is the only major cannabis player that has not inked a deal with a major player in the CPG space, others like Canopy Growth and Tilray have inked deals that are already priced into the stock, raising additional capital and giving investors relief. Nonetheless, Aurora has not only sufficient assets (excluding goodwill) to weather the coming months and gain strength as global sales resumes, the Canadian market opens up and further developments in the US unfold in 2020. In addition, ACB just bought a Hemp company that will allow them to enter the CBD US market. In summary, this could be an interesting time to take a position in ACB and increase gradually as events unfold with significant upside as the stock bottoms. One analyst is giving it a price target of $0, but in my own view, when I hear such unrealistic opinions like this, most often coincides with bear markets coming to a bottom and about to turn making this a High Risk, High Reward trade and could be, the mother of all contrarian trades as we close 2019 and enter into the new year. Do not take this as an investment advice and always do your own research before investing... always remember to place tight stops and risk manage every step of the way!!
ALong
by DNI_VENTURES
10
NYSE: ACB - Aurora Cannabis ShortSqueeze Coming!I have recently shared my views on NYSE: ACB Aurora Cannabis, now I wanted to comment on the latest price target of $0 and "Sell" rating from analyst Gordon Johnson from GLJ Research ... I let you make your own judgement, but this is the guy that called for a price target of $109 on Tesla when it was trading at $244.10 back in May 2,2018 .. that was a 64% downfall from the current price at the time!! ... similar to the aggressive price target of $0 he recently gave Aurora Cannabis!! ... Well you know the story on Tesla, as of this morning it was trading at $430!! far from the $109 price target he gave back then ... WATCH HIS INTERVIEW HERE: www.youtube.com As it relates to Aurora, heres some interesting data points as it relates to Short Positions... they have decreased by 10% and % of short float now sits at 15%... Short Interest Ratio (Days To Cover) 6.3 Short Percent of Float 15.44 % Short % Increase / Decrease -10 % Short Interest (Shares Short) 155,950,000 Short Interest (Shares Short) - Prior 172,900,000
ALong
by DNI_VENTURES
6
IIPR: Strong Buy for 2020; May Have 'Broken Out' This TimeIIPR is one of my top 2020 picks as their dividend growth has been impeccable and their stock has really only plummeted from its highs because the cannabis sector essentially went through a major correction. I believe certain (not all) cannabis stocks will make a strong rebound in 2020, but the sector itself may be 2 or so years before attracting major buyers back again. Somewhere in the near-term would be a good time to buy IIPR as I see it being one of the most explosive REITs in the entire stock market for capital appreciation and dividend growth over the mid and long-term especially as speculative money re-enters cannabis in the next 2 or 3 years (again). The sector is expected to grow exponentially by 2022-2023. This stock may have surpassed its R1 yearly pivot and should be safe for a small entry. However, for a larger entry (unless you have a high appetite for risk) waiting for a reaction tomorrow could be essential in determining if this is the "real" break-out or not. Having said that, I expect the stock to break-out of its long anticipated descending triangular wedge from its ATH in the early days or weeks of 2020, if it hasn't today, already. Technicals - Bounced off lower base on descending triangular wedge (i.e. did not break to the downside) - End of negative sinusoidal squeeze is fading (turning to bullish) - RSI creating a floor (bullish indicator) - Momentum is growing (bullish indicator) - zSplit
NYSE:IIPRLong
by PaulDeep19131
TC Energy: High Dividend CAGR; Long-Term WinnerFor those that follow my ideas, one of my top performing sectors of 2020 is the Canadian Energy sector in which will be set to rebound relatively strongly after being decimated for the past while. Specifically, I believe the Canadian Energy sector will quite strongly outperform the US Energy sector from a shift in policy, increase in cap-x and more money entering the sector and people in which will look for alternatives to soaring US valuations and "good deals". TC Energy is one of the few stocks in the entire stock market that has grown quite consistently over the past 10 years without any major "epic dips", including the compound annual dividend rate (CAGR). Unlike other stocks in the energy sector that plummeted in the recession of 2009 and the contraction of 2016, TC energy has maintained quite consistent growth over-time and bounced off lows quite quickly. Why? The answer is in their diversified portfolio. This is a great pick to 'buy on dips' and hold for a long-time. In 2020 I am looking for continued dividend growth and a TP by 2021 around the 85-90.00 range. - zSplit My 2020 Top Sector Pick List - Canadian Energy (TRP, CNQ, SU, ENB) - US Technology (Semis/Software) - Select Cannabis Stocks (IIPR) - Precious Metals (Gold/Silver/Platinum) - Utilities (Renewable Energy)
TSX:TRP
by PaulDeep19131
Is the bounce completed? Are bulls ready to overpower bears?Well, watching the shorter 1m, 5m and 15 min charts, I need to take profits off the table back to neutral until the bulls really show up. Bounce players would not be overly convinced here until new short term resistance at 3.03 and $3.07-$3.08 is broken. We have short term support at $2.82. I fear that on any sector or market weakness, the bears will pie drive this down to the low $2s based on the two Bear Flags and Pennant seen this week.
TSX:ACB
by UnknownUnicorn2413721
Warrants On Sale :) Here is a breakdown I did of the relative cost of warrants (RCW) in respect to cost of SP (3$ to exercise Warrants) Shares VS Warrants %RCW $10.24 $3.51 34.3% $5.81 $2.76 47.4% $4.63 $2.34 50.4% $3.69 $1.71 46% $2.65 $1.05 39.6% $0.75 $0.21 28% Todays Sale Dec 19 $0.74 $0.17 22% (If you're converting S -> W today is one of the best days to do so) If you analyze this and actually graph it you get a bell curve, this means that when the SP is low or high the relative cost of warrants is low and when the SP is in between ATH & ATL the the relative cost of warrants is much higher. Do what you do with this data, I already said too much. IMO Have a freakin gr8 d3y
TLong
by lilsatoshi
1
Tinley at a CrossroadsTinley seems to be at a cross-roads given it's laterally moving towards an exit out of a 7 month long descending triangle. Despite the interim gains and subsequent lateral movement, this could signal a trend reversal. If it can break the descending triangle and extend past the ichimoku clouds, we may see a larger move to 0.76 to 0.79 which is the upper limit of our macro wedge (perhaps occurring in mid to late January). If the price action strongly breaks trend and exits its 2+ year macro pattern, we could see a bull run taken us to $3.5-$5 although we can visit this theory after we break trend. In addition to the current chart analysis, indicators are showing some bullish divergences in the RSI going in the correct direction, hot stochastics, and our MACD crossing the signal line. The above analysis is supported by the imminent news anxious Tinley investors are awaiting: licensing at our Long Beach facility, deals in Nevada, Canada, and New York in addition to our co-packing announcements, celebrity endorsements, and expansion of our Beckett's line. Finally, there has been some serious due diligence by investors to confirm (on site) that they are pushing a healthy amount of product, scaling through California rapidly, and conducting serious brand awareness with their presence at events nearly every day of the week. The next 6 months will be fun...truly.
CSE:TNYLong
by bioengineer
Hyped cannabis stock ACB finally worth a buyAfter a long downward slide, Aurora Cannabis has finally hit a support critical level around $2.50. With the stock finally looking a little undervalued and a large recent earnings beat under its belt, ACB should rally higher. Call buyers are targeting $5.00 per share within two months, with over 40,000 call options located at that price. Cannabis is a hype sector, so when investor interest picks back up, it could quickly turn red hot. Several times in the last few years, ACB has hit over $10 per share.
ALong
by ChristopherCarrollSmith
10
IIPR Macro Higher Low ? 100 EMA to break!Hello Traders! Today’s chart update will be on IIPR – Innovative Industrial Properties INC where bulls are attempting to put in a new higher low, a trend change may be coming to fruition. Points to consider, - Potential new higher low - Structural resistance needs to break - Support in green zone - RSI respecting support - Stochastics projected upwards - Strong VPVR cluster to break - Volume below average - 100 EMA to breach IIPR’s overall trend has been bearish with consecutive lower lows; a trend change will come to fruition when a new higher low and higher high is established. Structural resistance is key to break, IIPR was rejected twice with the help from the EMA’s, this resistance is very key to brach otherwise the potential new higher low will be negated. Support was formed in the green zone, a clear double bottom at current given time; this is a strong macro reversal pattern. The RSI is also respecting its support line, we need a third clear touch for confirmation. Stochastics is projected upwards, can stay in the lower regions for an extended period of time, however there is lots of stored momentum to the upside. The VPVR cluster with strong volume of transaction is further resistance to break, volume of transactions decreases drastically after this cluster, signalling low resistance poised for the bulls. The Volume is currently just above average; IIPR needs an increase in volume with follow through when resistances are tested. Overall, in my opinion, a trend change will come to fruition when structural resistance is broken and the 100 EMA is breached. IIPR tends to respect the 100 EMA in a bull trend so it will be key to watch when the new trend starts to put in consecutive higher lows and higher highs. What are your thoughts? Please leave a like and comment, And remember, “If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite **Please follow me on twitter for daily updates on fundamental news in the MJ and Crypto Speace ! :) Twitter handle in profile link
NYSE:IIPR
by AzizKhanZamani
Cannabis Sector: Buy per tutto il 2020Dopo un 2019 disastroso per il settore della cannabis, il 2020 potrebbe rivedere la luce dopo i recenti avvenimenti ma procediamo per gradi. Sul finire di quest'anno abbiamo acquistato due azioni come NYSE:ACB e NYSE:CGC , possibile monitorare il nostro portfolio su nostro porfilo e.toro cercadno AC_Capital. Scorsa settimana è cambiato il CEO della società NYSE:CGC , le azioni di tutto il settore hanno festeggiato per questo evento. L'attuale produzione spinge i prezzi della cannabis al ribasso perchè l'attuale domande è inferiore all'offerta. Il mercato canadese è troppo piccolo per reggere questi volumi e i produtttori canadesi cercano di trovare mercati sbocco sui mercati esteri che attualmente vivono un momento di restrizione legale. Avendo letto un valido report sul settore della cannabis realizzato da Deloitte dal titolo "Nurturing new growth Canada gets ready for Cannabis 2.0", abbiamo deciso di costruire il nostro portfolio con costanti buy on dip. Non ci conosci anocra? Cerca su Google Algo Capital Finance, troveri informazioni utili circa la nostra società.
ALong
by AntonioMigliaccio_AlgoCapital