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Cannabis

The $CRON -ic is here to stay (Canada legalization)2018 is the year of legal weed in canada; listed on NYSE a few weeks ago as well so us americans can get some decent exposure too without having to fuss with the TSX or OTC nonsense. I see a breakout of the ichimoku cloud, a fractal breakout being called by williams trader beta, and also a trend breakout. Wouldn't surprise me if we dip and test the pennant again before we go up.. Decent RR here 3.5:1 (manage your risk accordingly) GL HF xoxo snoop
NASDAQ:CRONLong
by 420snoop
3
Watching ACBFF for BreakoutLooking for a Daily (preferable 3Day) close above the outer triangle. That's right, guys, two triangle memes...Superior pleb mode engaged. Seriously tho, i'll usually make the triangle meme for Candle Closes and a secondary one marking the tops of the wicks. This 'Technique' is similar to marking liquidity zones and Order Blocks. It lets me know if this is a breakout or just another stop-run. Usually that's what these meme lines follow, order blocks and liquidity zones on the VPVR (if you're placing them correctly). My Average for ACBFF is ~$5.86.
A
by switchedmode
In the Red Organic Dutchman This cannabis (aiming at beverages) company is nothing but promises and hype. They don't even post an address on their website. Almost all assets are just in cold hard cash. Big top directors/execs from beverage companies but inexperienced and very few growers, technicians. Edibles, vapes and extracts are not promised to be sold until later on (if it all). Cute renderings, mentions of organic-super-premium-sustainability 130000kg of cannabis ... sure. Epican also kind of seems like embezzlement, typical start-up wordpress style website, facility in the middle of the city? just my 2 cents
TShort
by UnknownUnicorn762903
4
Australian Cannabis Penny Stock: MCLAustralian Cannabis Penny Stock: market looks a little over extended leaning towards overbought. Massive accumulation phase before huge pump cycles. Market is over 200 sma bullish, Retest of 618 fib expected, if successful bounce from 618 support and break threw ichimoku cloud, then enter a long position, marker will be confirmed bullish. For best entry wait until we retest yellow support trend line. Good news could easily see us propelled to 0.26+ continuing bullish trend
QLong
by console
BLEVF may rise after pot legalization vote in CanadaThere was a vote scheduled earlier this year for legalization which was later rescheduled. Rumor has it that there were not enough votes to pass initially, which may have contributed to some kind of reschedule. This measure is estimated to potentially create a 4 billion annual industry in Canada, and the sentiment is that it will pass over the next few hours. BELVF fell hard after the prior vote was rescheduled, resulting in a nice boost in volume and a recovery in May after bouncing off of it's mid/long term ascending trend line (in light blue on the chart). We have since seen a consolidation over past weeks in what I think is an anticipation of a positive outcome on the ballot. I expect a rise as per the charts with some stops/consolidations/tests of resistances and fib levels on the way up.
OTC:BLEVFShort
by algocowboy2030
Delta 9 Cannabis: Short TargetDelta 9 Cannabis recently suffered a steep negative correlation. However, this was given market resistance. Now the potential of a small breakout or positive spread seems likely to happen. They are a small cap producer, but market demand for their product in the medical cannabis world seems to be growing. A price around CA$1.50 seems reasonable within the next few weeks or as a short target. Now in terms of risk, it is still a small company with little media attention. They are also a minimal producer. Even listed on the exchanges, it is one of the smaller suppliers. The risk is obviously high, but it is still investable for a portfolio.
NShort
by gamer456148
A little hip on the dip Legalization is near by as the vote for the bill to pass will be held on June 7th, 2018 and legalization to happen in sometime August 2018. HIP prices dip on the news of their recent dilution of shares. Its currently sitting at an oversold situation on the yearly chart and 6 months chart. Last time it reached an oversold situation the price of shares doubled in value. It went from $0.68 to 1. 30 in 2 weeks of time. This is more like short term holding situation and it can continue to drop a little bit more. A few big buyers at the mark of $0.70 but a lot more big sellers around the range of $0.71-0.73. HIP.
HShort
by secondroundko
A little hip as it dipsLegalization is near by as the vote for the bill to pass will be held on June 7th, 2018 and legalization to happen in sometime August 2018. HIP prices dip on the news of their recent dilution of shares to raise more money . Its currently sitting at an oversold situation on the yearly chart and 6 months chart. Last time it reached an oversold situation the price of shares doubled in value. It went from $0.68 to 1. 30 in 2 weeks of time. This is more like short term holding situation and it can continue to drop a little bit more. A few big buyers at the mark of $0.70 but a lot more big sellers around the range of $0.71-0.73. HIP.VN
HShort
by secondroundko
Constellation Brands - $STZ - Dip on hot growing stock! I'll be looking for confirmation of continuation of $STZ 's bullish growth before buying in, but this one's on my radar. Ex-dividend date of 5/10 likely didn't help push it much higher in the past few days. There is a catalyst in the works though -- not only are earnings to be reported on 6/30/18 but they are invested in Canopy Growth (Canadian cannabis grower) whose stock is to be listed on the NYSE in the near future. From what I found they have a 10% stake in Canopy Growth. Either way, I look forward to the run-up towards earnings. I'm going to wait to exit some other positions then go ahead and pick some calls, likely for 6/29 or so.
NYSE:STZLong
by wounsel
CRON getting ready to bounce off lower points of resistnace and Cron might be about to 'get high' it looks like it is losing downward momentum on the MacD indicator, the RSI line is nearing the bottom and it is also getting closer to the bottom bollinger ban. It might still have a few days to go in order to hit bottom but price looks like it is already starting to level off from the down swing. Might be a good entry point. They recently reported Q1 earnings which didn't seem to blow investors minds very much, they were probably hoping to see a profit (turns our investors like profit) but there was massive growth in sales, just large growth in capex as well that ate away profit. So I'm not really seeing long term concerns that others may have, in fact the company is expanding operations. Unfortunately it just costs money to do that. The high PE ratio is a little icky, but they have pretty good liquidity. Over a hundred mill in assets. Debt to equity looks pretty good.
NASDAQ:CRONLong
by alexr451