WEED Nothing BullishVery bearish chart - no reason to catch the falling knife and buy until something confirms. Weekly MACD turning negative and already below the signal is confirming this down move.
No catalyst yet - I'll need at least a break of the recent weekly downtrend.
Meanwhile, negative divergence on the MACD and DMI will weigh on it.
Cannabis
Strong support - 1h chart higher low - $6.56 / $8.11 targetsGood earnings report here last week.
Cannabis momentum will soon come back.
Make sure u look at tigher timeframes to gather confirmation of trend reversal
I believe we are at the start of one but make sure u get tight stop losses
$6.56 / $8.11 targets
ACB - BOUNCE HERE WE GO "NEXT WEEK"- Strong Hold at "7.56"
- Should be a potential bounce.
- Oversold big time.
Investing in Cannabis company´s via block chain Massive accumulation zones in 0.002 cntvs. Very Risky trade but so rewarded. LONG TERM TRADE.
Organigram Holdings: A great investment in the Cannabis Sector.OGI is one of the market leaders of the cannabis sector, trading on the All Time High zone. The 1M outlook is incredibly bullish (RSI = 71.765, MACD = 1.690, Highs/Lows = 1.9471), the 1W very stable (RSI = 62.331, MACD = 0.850, Highs/Lows = 0.1564) trading within a parabolic pattern that aims at 13.00 towards the end of 2019/ beginning of 2020. They most optimal long entry will be when the price enters the parabolic supporting channel (lower trend line - dashed trend line) as every time Organigram Holdings has touched or entered this zone, it has made new Higher Highs. We are bullish long term on this stock.
See below a similar cannabis stock we've picked:
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$CLI enters the hemp growing marketCLI recently transitioned from an ag-tech company to one about to start growing 500 acres of high CBD hemp. With an EV of ~10m and a crop target value of several times this the companies future looks brighter than ever.
From a TA perspective there is a target at 5.0c based on prior resistance
Looking deeper into GANNAfter recent news I turned to look towards CSE:LHS .
insiderfinancial.com
finance.yahoo.com
If it can stay above the 2X1 angle then a strong trend upward is in play.
From YOLO to POT, from 0 to 100
I told you about Sunniva and my lucky entry at around 3 canadian dollar. Like Sunniva I also see a long up move in weekend unlimited.
First traded under the symbol YOLO (you only live once) they were absolutely lucky to win the symbol lottery when it was about who will trade under the ticker POT. There are only two big ticker symbols that really stand out for the companies business. Thats WEED and POT. WEED is canopy growth like most of you might know and now there is POT wich belongs to weekend unlimited. They state their selves as a lifestyle cannabis company. Its about Canna Candy, Champ and Verve Beverages, Glas blowing, Organic bio canna farming and events with majority canna consumers. On the day they announced the ticker winning they went from around 0,13 CAD to 0,30s CAD and I saw the gap they made and was patient enough to wait for the almost gap close wich happened on friday at 0,135 CAD. So my first entry was at 0,14 CAD and I will take the second part at around 0,10 CAD if it will ever see it. I really believe in the strategy to acquire other companies in the sector but taking the second route. Not the cannabis only production but the everything around that.
My plan is to really stick to these two SUNNIVA and WEEKEND UNLIMITED for a long time and let them develop them selves. To many of the major players are absolutely overvalued in my opinion and here we get the uncut diamonds. And they both also operate in California, the biggest market when it comes to POT
Just my opinion so make your own research
And like always
May the markets be with you
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Long Canopy Growth - Large Upside PotentialCanopy Growth corporation is planning a $300m acquisition of Acreage Holdings in what is the biggest Marijuana acquisition of all time. The potential acquisition dependent on U.S. Congress changing laws to legalize the sale of marijuana across the US presents large long term upside potential for the stock. However, as with our analysis on Aurora Cannabis we advise the stock be traded with caution as it is very volatile but volatility is dropping as shown by the ATR.
The stock was in a significant downtrend from all time highs as prices hugged the lower Bollinger Band but the downtrend reversed in Jan 19 as prices moved away from the lower band. There has been some weakness in prices over the past couple of months but they have broken out with potential to go back up towards Oct 18 highs at around $59. Additionally the 50 day moving average crossed the 100 day moving average which is a very bullish signal but we would nevertheless start building a long position with caution mainly due to regulatory uncertainty.
ACB is following our TRIPLE BUY SIGNALHey everyone,
We are moving EXACTLY as planned.
The RSI has cooled off on the 4 hour time frame and is loaded to take off.
There is DECREASING bear volume on the chart, while price resisted the bear movement a few periods ago.
The price is approaching the left channel, preparing to bounce off and follow its wave pattern as it has done TWICE already.
KEEP LOOKING. Our buy zone (check out post from earlier this week) is coming up. Don't take your eyes off of this. We need that strong bull candle above the EMA to finally confirm this trend.
What do you all think? What is your "golden indicator" for the industry?
-Block
Resistance & Support. Ascending Triangle Breakout?The news release from Tinley today was enough to test the resistance level at roughly 85c to 86c, which is the top of an Ascending Triangle!
It would be nice to see Tinley break through this resistance flush tmrw, Friday, or possibly next week & consolidate above the Ascending Triangle.
There's not much resistance until 1.13$ CAD if Tinley can breakout of this Ascending Triangle with volume.
We could be in for a Moon Shot everyone. Tinley appears ready to knock some public MJ Companies looking to enter the "infused beverage space" off of their High Horse!