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Cannabis

CGC - Elliott Wave analysis - At a cross road6/29 - what could have been the beginning of the 3rd wave starting in mid April failed to materialize as price action headed into a descending triangle. Therefore I had to re-position the count of Wave 1 to April 30 - With the re-positioned count, we are currently in Wave 2 nearing the end of another descending triangle. If this holds true, we expect price to move up in a thrust to Wave 3. - Invalidation Point: $25.26 if Wave 2 retraces all of Wave 1, this count is no longer valid and we are likely in Wave (c) of a corrective cycle. - Confirmation Point: $80.23+ price breaks above the length of Wave 1 such that Wave 3 is not the shortest wave.
C
by dencor
3
Akerna $KERN Coming In That Buy Zone. Fresh IPO (kind of).Akerna coming into that buy zone. Stock IPOed (actually it was a SPAC) at around $11 after doing their last private placement at $10.21. As this is a recent IPO (of sorts) and a cannabis company, I expect this will eventually shake out at 2x the IPO price (around $20) so buy on dips. Why 2x IPO price? Look at high flyers Zoom $ZM, Beyond Meat $BYND, Crowdstrike $CRWD, all trading at about 2x IPO price, based on hype, growing markets, and sales growth. Akerna is Cloud + Payments + Cannabis. They have an ERP software for cannabis supply chain / growers / dispensaries. All the buzzwords. Not sure 100% if the company has a legit future (need to do more research), but certainly I think this thesis is enough to put it on your watchlist.
KLong
by behindthebid
Analyse - Long Term vision for Aurora Cannabis $ACBLogarythmic View : Nice bounce on the LT Trend line , Support need to be confirmed RSI is increasing and is repeating a 2-year-old pattern that with pure coincidence occured from May to August at that time... Damn god is it so easy ? Just play repeat and smash it off ? Well let's see ! The funny thing is that it's really similar to BTC charts ! To sum up : Huge Potential Upside guys Moreover, Pot Stocks & Cannabis industry are going very well. Good News are coming from everywhere , even for Cronos Group , Tilray , Zyne Pharm. and so on... Government and Laws are becoming more & more flexible towards CBD stuffs which provide a answer for Physical Human issues (sickness , cancers, pains... ) And our Generation is changing, globalized , curious of everything, and everyone know what is it. Consumption & Adoption have begun in the early ages, and now it's going Industrial, Big ! Keep an eye on ! ***This is not a financial advise*** (ykwm) Nico Don Crypto
ALong
by NicoDCrypto
It still going down. :PNot much news from the Cannabis industry beside all the ones you probably know. Yea, Canadian work slow~~ and the citizens are rebellious at times with their own weed plants and cooking up their own cookies. :P Something interesting came to mind. Why not look for stock that serve the Cannabis industry like [ Innovative Industrial Properties, Inc (IIP) ] There are probably dozen more stocks surrounding Cannabis. Will keep you guys up-to-date :P
TSX:HMMJShort
by TradingCow
3
Bad News for CannabisCanadian cannabis market is still in the process of sorting itself out between Legal and Blackmarket cannabis. New challenges ahead if the Cannabis sector do decided to produce products such as edibles and beverages which will also incur additional cost to process. Given the circumstance that Cannabis industry is in, many recreational smoker now have the ability to grow their Cannabis at home (my friends included :P), we can expect further struggles with these companies since casual grower have also the ability to cook up their own consumable and often more creative. Let's wait for Monday and see how the market will respond. Also check out “HMMJ - Canadian Cannabis ETF” if you haven’t which will give you some insight of the overall cannabis condition.
TSX:WEEDShort
by TradingCow
$XON Intrexon Corp Climbing Up The Charts$XON has been making a nice run up the charts lately. We don't think this run is over by far as there looks to be a lot of momentum behind $XON. There's also a gap higher that needs to be closed from $12.77 to $12.96 The stock is getting a boost today after announcing an exclusive wellness agreement with Surterra Wellness. The companies will join forces to advance Surterra's cannabinoid production at a reliable, efficient, cost-effective, industrial scale utilizing Intrexon's proprietary yeast fermentation platform. The $100 million deal, including milestones and royalties, will leverage each company's expertise to ultimately bring new cannabis products to market to meet growing, and more selective, future consumer demand, with greater supply chain security, in a more consistent, efficient and cost effective way. As always, trade with caution and use protective stops. Good luck to all!
XLong
by InsiderFinancial
Triple Bottom is In for Terra Tech - Standby for the AdvanceTriple bottom is in for Terra Tech on the day chart. Wait for the advance in the coming weeks. - Usually form over a 3 to 6 month period. CHECK. Dec 14 - Jun 19. - Prior Trend: With any reversal pattern, there should be an existing trend to reverse. In the case of the Triple Bottom Reversal, a clear downtrend should precede the formation. CHECK. Literally been in a downtrend since the beginning of time. - Three Lows: All three lows should be reasonably equal, well-spaced and mark significant turning points. The lows do not have to be exactly equal, but should be reasonably equivalent. CHECK. All three occurred in the .55 - .6 range. - Volume: As the Triple Bottom Reversal develops, overall volume levels usually decline. Volume sometimes increases near the lows. After the third low, an expansion of volume on the advance and at the resistance breakout greatly reinforces the soundness of the pattern. CHECK for decline in volume. Hope to see an expansion in volume over the coming weeks. - Resistance Break: As with many other reversal patterns, the Triple Bottom Reversal is not complete until a resistance breakout. The highest point of the formation, which would be the highest of the intermittent highs, marks resistance. Patience is a virtue...strong resistance at numerous levels above .8.
TLong
by danj371
Expecting HMMJ to continue bearExpecting the bearish momentum to continue as the Cannabis market in Canada trying to stabilize between Black-Market Marijuana and Legal Marijuana. This trend is likely to continue until we can see some solid earnings. At the moment, the MACD momentum isn't showing any signs of slowing down. Will have to wait for few more days to see where the candlestick will land. Do keep an eye out for this ETF if you are a long term investor of Cannabis.
TSX:HMMJShort
by TradingCow
Is the bottom in for Fire & Flower? Looking at the chart for V.FAF it appears as though things can only go up from here? There's some speculation around Fire & Flower being acquired by Aleafia. Interesting enough, Certain directors and officers of Emblem have interests in Fire & Flower. In particular, Harvey Shapiro, a director and the Chairman of the Company, is also a director of Fire & Flower. In addition, Mr. Shapiro owned approximately 19.5% of the Fire & Flower Shares outstanding and controls and directs approximately an additional 65% of the Fire & Flower Shares through a voting trust. Further, prior to giving effect to the offering, Maxim Zavet, a director of the Company, owned approximately 4.2% of the Fire & Flower Shares outstanding and Nick Dean, the President and Chief Executive Officer of Emblem which was acquired "Aleafia" owned approximately 0.3% of the Fire & Flower Shares outstanding. Time will tell per usual.
FLong
by ScotianBot
TLRY (cannabis stock) BUY signals! (TLRY follows Bitcoin 2014)This is not a financial advice and I put it here only for my own record. I have been watching cannabis stock for a while and the most exciting one is TLRY. It seems the bottom is already in (which I cannot confirm yet) or very close to the bottom. The market value is already more than 85% below its all time high ($300 to ~35$). Both RSI and MACD show divergence situation (market is going down but RSI and MACD going up) which is a bullish sign. I am not saying the bull market has started but if we see more confirmations in the near future, we can say the bottom is in. IMO, $35-$40 is already a great range (85-90% below ATH) for buying in. I already had some purchases around $35-$38 and keep accumulating around every bottom. My near term prediction is: the price will go up to test 50% - 61.8% Fibonacci levels (around $44-$47), then we go back down to retest $35 or go below that level. I think there is a chance to go below $35 but it is unlikely to go below $28-$30. Even if you buy at the current price ($38.8) you will not lose a lot if the price goes down temporarily. My only concern is the low volume. Typically, we should see high volumes around true bottom, which I do not see that for TLRY now. So, be very cautious and set your stop-losses wisely and always follow the market as it goes on. Also, I found a similarity between the current TLRY pattern and that of Bitcoin around 1 Nov 2014. If that comes true, we may see another large drop (final capitulation) within months along with higher volumes. Since we are already 85-90% below the ATH, to have another large sell-off we might need to go up a little bit for a while then have a large drop. Again, I do not think we go below 28$. If you like please share with your friends and leave comments to improve my prediction and analysis. Thanks,
NASDAQ:TLRYLong
by walekiller
1
Tilray Inc. Primed and ready. Neptune partnership timing?I have been watching Tilray for the past couple of months now. It has finally hit my buy zone. Currently finding support for the second time off of July 23, 2018 high. We have a nice hammer reversal on the daily. RSI is trending up. Today the announcement of the Neptune partnership and the timing of the charts is the perfect catalyst for a reversal. Resistance 1 $44-$50 Resistance 2 $62-$70 With the adoption of Cannabis in the US this could retest its ATH in the next two years. I can easily see Tilray be $100 by the end of the year.
NASDAQ:TLRYLong
by knappkins2