Philip Morris: New Motivation!Philip Morris has gained new motivation, stretching visibly higher in its chart. Still, the price has more upward distance to cover before reaching our turquoise Target Zone between $119.47 and $123.80. Once the top of the turquoise wave B has been established there, the stock should sell off below the support at $82.95 and, afterward, into our green Target Zone between $77.61 and $62.42. The low of the green wave should then initiate a bullish trend reversal. However, we consider it 35% likely that the green wave alt. has already been finished. In this case, PM would surpass our turquoise Target Zone.
Cannabisstock
Tilray Brands Unveils Exciting 420 Product Lineup: Stock up 18%As the cannabis industry continues to evolve, Tilray Brands, Inc. ( NASDAQ:TLRY ) emerges as a frontrunner in the global cannabis lifestyle and consumer packaged goods market. In a recent announcement, Tilray ( NASDAQ:TLRY ) unveiled its latest product lineup and 420 celebratory activations across Canada, offering consumers an array of diverse cannabis products from its leading brands.
Tilray Brands ( NASDAQ:TLRY ), known for its commitment to quality and innovation, showcases an impressive selection of flower, beverages, pre-rolls, and vapes, catering to both seasoned cannabis enthusiasts and curious newcomers alike.
Flower Selection:
Redecan Space Age Cake, Good Supply Melon Dream, and Broken Coast EmergenZ and Cherry Cheesecake are among the standout strains offered, each boasting unique aromas and taste profiles that promise to elevate the cannabis experience.
Beverage Innovation:
XMG+ Non-Carbonated Banana Brain-Freeze and Berry Rocket, Solei Cold Brews in Peach Cranberry and Wildberry Hibiscus, and Mollo Seltzers in Lemon, Mango, and Pineapple showcase Tilray's commitment to providing consumers with innovative and refreshing beverage options infused with THC and other cannabinoids.
Pre-Rolls for Convenience:
Good Supply's 'Cherry on Top' Blunts, Redecan Hemp'd Khalifuel Redees, and Canaca Darts in Berries & Cream and Twisted Citrus offer convenient and pre-rolled options for consumers seeking quality and consistency.
Vape Excellence:
Good Supply Gooey Gold and Cherry Loops vapes deliver high potency and rich flavors, enhancing the vaping experience with every inhale.
In celebration of 420, Tilray Brands invites consumers to explore these exciting new products through a series of educational budtender events hosted in partnership with over 1000 Canadian cannabis retailers nationwide. These events offer a unique opportunity for consumers to learn about Tilray Brands' products and the ever-changing landscape of cannabis innovation and culture.
With a commitment to quality, diversity, and consumer satisfaction, Tilray Brands ( NASDAQ:TLRY ) continues to push the boundaries of cannabis innovation, setting the standard for excellence in the industry. Whether it's the creamy vanilla notes of Redecan Space Age Cake or the tropical sweetness of XMG+ Non-Carbonated Banana Brain-Freeze, Tilray Brands offers something for every cannabis enthusiast to enjoy.
Technical Outlook
Tilray Brands Inc. ( NASDAQ:TLRY ) stock is up by 18.26% prior to new product lineup news. In our recent technical Outlook on Tilray Brands ( NASDAQ:TLRY ) stock, we predicted the stock to spark a bullish breakout after forming a symmetrical triangle pattern. which did fill the order.
Wednesday, 4th April 2024. NASDAQ:TLRY is trading above the 200-day Moving Averages (MA) with a bullish Relative Strength Index (RSI) of 77.82 indicating an overbought position or continuation of the current trend.
Innovative Industrial Properties: Soon…⌛️👀IIPR is poised to dip into our blue Target Zone between $85.28 and $76.66 to settle the low of the blue wave (ii) and, thus, lay the foundation for the impulsive rise of the blue wave (iii). However, with a moderate probability of 25%, the price might also decide to head further south and breach the support at $69.08, pushing the turquoise wave alt.5 toward a new low.
Philip Morris: Sleepyhead The Philip Morris stock is moving mainly sideways with only a slight hint to the upside. However, to follow our primary route again, the tired Philip should soon awaken from its slumber and regain bullish momentum. The turquoise wave B should extend into our turquoise Target Zone (between $119.47 and $123.80) to establish its high. Only afterward do we reckon with sell-offs, which should push the price into our green Target Zone (between $77.61 and $62.42). The green wave should settle its low in this range before a sustained upward move can be ventured. On the other hand, there is a 35% chance that PM will surpass our turquoise Zone, thus confirming that it is already busy with the green wave alt. .
Altria: Loping 👟After a longer downwards stage, Altria is loping upwards with more drive again. The share should keep up this momentum, as we still expect it to reach the compound consisting of the turquoise zone between $50.29 and $52.07 and the magenta zone between $50.67 and $53.47. There, Altria should finish wave B in turquoise and turn southwards again, making its way below the support at $40.35 to complete wave (B) in magenta. However, there is a 40% chance that the share might not be able to tap the northern zone-compound. In that case, wave alt.B in turquoise would be concluded already and Altria would directly drop below $40.35.
Tilray: Finally arrived 🧳Two weeks ago, Tilray took heart and jumped into the turquoise zone between $1.46 and $2.27, leaving a visible gap on its way. Near the bottom of this zone, the share could establish the low of wave II in white by now, meaning that soon, the bulls should take over. We expect Tilray to develop enough upwards momentum to leave the turquoise zone on the northern side via wave (1) in magenta, taking a first step in the direction of the resistance at $5.12.
Aurora: Floating 🌊Aurora is floating and relaxing in our turquoise zone between $1.19 and $0.55 and has drifted below the 61.80%-retracement at $0.95. Although the share could finish wave II in white anytime as it has sufficiently tapped the turquoise target zone, we rather expect Aurora to sink a bit deeper still to conclude the current movement. However, by the bottom of the turquoise zone, the share should establish the low of wave II in white and subsequently turn upwards, heading for the resistance at $2.15.
Altria: You Can Get It If You Really Want 💪You can get it if you really want,
You can get it if you really want,
You can get it if you really want,
But you must try, try and try,
Try and try, you′ll succeed at last.
Altria should take the lyrics of this famous rocksteady song by Jimmy Cliff to heart and continue trying to reach the compound consisting of the turquoise zone between $50.29 and $52.07 and the magenta-colored zone between $50.67 and $53.47. The share can then use either of both zones to complete wave B in turquoise before turning downwards again, resuming the descent below the support at $40.35 to develop wave C in turquoise. There is a 35% chance, though, for Altria to start the downwards movement below $40.35 earlier. In that case, the share would have finished wave alt.B in turquoise by now, would ignore the zone-compound on the upper side and thus deploy wave alt.C in turquoise directly.
Tilray: Wait and See… 😌After initially spurring the downwards movement so commendably from the high of wave (4) in magenta, Tilray has been relaxing in a sidewards movement since December. However, there is yet some work to be done! We expect the share to drop a bit deeper still to finish wave II in gray, whose low should then form the basis for a fresh upwards movement. Wave (1) in magenta should carry the course above the resistance at $5.12 eventually and even the subsequent counter movement should peter out above this mark.
Tilray: Take Root 🌱Tilray has been developing some vibrant saplings, but the share shouldn’t forget to take root. We expect the course to extend below the support at $2.43 to plant wave II in gray. Then, Tilray should sprout upwards again, climbing back above $2.43 and growing further above the resistance at $5.12 as well. There, the course should complete wave (1) in magenta, before wave (2) in magenta should bring it back towards $5.12. However, there’s a 33% chance that wave alt. II could already be potted, which would be confirmed by the stock directly sprawling above the resistance at $5.12.
SNDL Sundial Price TargetAfter receiving an extension of 180 calendar days to regain compliance with Nasdaq's minimum $1 bid price requirement, SNDL needs to close at or above US$1.00 per share for a minimum of 10 consecutive trading days before August 8, 2022, which most likely should happen sooner.
We are still waiting for the Alcanna deal to be announced.
That should be an important catalyst to drive the price higher, to the next resistance, of $1.25.
SNDL to purchase liquor retailer AlcannaBesides an estimated $540 million in sales in 2022, up from an estimated $50.5 million this year, Sundial has a pending purchase of Canadian liquor retailer Alcanna.
Alcanna owns a majority stake in Nova Cannabis, a cannabis retail chain.
I think Sundial positions itself as one of the major cannabis players of 2022.
My Q1 price target is $1.7
CNBX leader in cancer related cannabinoid-based medicineCNBX Cannabics Pharmaceuticals has an agreement with Purisys, a leading Active Pharmaceutical Iingredient manufacturer, to use its API in Phase I/II (a) clinical studies that it is planning to launch in 2022.
So this year will be quite bullish for CNBX
Cannabics Pharmaceuticals is a U.S. public company and a global leader in the development of cancer related cannabinoid-based medicine. It engages in the discovery, development and commercialization of novel cannabinoid-based products and innovative technologies for the treatment of cancer.
52 Week Range 0.08 - 0.60
Market Cap 15.163M
Short term upside: $0.20
After they begin the Phase I/II (a) clinical studies, the stock can reach once again its 52 week highs.
SNDL projected $540 million in sales in 2022Wall Street has Sundial pegged to bring in almost $540 million in sales in 2022, up from an estimated $50.5 million this year.
They are also buying Alcanna in a stock deal.
The board of directors of Alcanna unanimously recommends Alcanna Shareholders vote “FOR” the Arrangement Resolution.
The Special Meeting of Alcanna Shareholders is postponed to January 7, 2022
1.2usd is my minimum price target.
Long Term Buy on HITIAs many of you already know, I've been bullish on HITI for quite some time, waiting for the right entry. This is one of my favorite cannabis stocks, and I'm bullish the cannabis sector overall. This may not be a quick play; I'm expecting to hold my cannabis stocks for quite some time.
On the daily chart, HITI made some lower lows, while the RSI made higher highs. This divergence is nice, but not enough for me to enter.
On the hourly chart, we saw the asset hold this support line after an upward move on November 8th. In addition, price was above the 50SMA on the daily chart. I entered at end of day on November 8th.
By the end of the week, HITI was up testing the 200 period SMA. If we break north of this line, I will continue adding to my position to build it.
DN Delta 9 Cannabis ready to fly "high"Welcome to my DN Delta 9 Cannabis Analysis :)
This analysis shows two situations, once a Bearish Harmonic pattern and a Bullish Navarro 200.
The Bearish pattern would still have two targets Open:
0.215 CAD
0.070 CAD
If these targets are reached, I expect at the latest from 0.060 CAD with a very strong impulsive rise (possibly with a short squeeze by closing the short positions).
However, since a bullish pattern has already formed, the price could already rise now, the targets are the green price masks in the respective target areas.
Since this pattern can go even deeper, two more Varrianten projected in purple and gray, the corresponding price targets are in the corresponding colors in the target areas.
Point D Purple = 0.345
Point D Gray = 0.230
The massive pull back point is calculated from the Maximum Short Target, as from the intersection of a Bullish Start and Bearish Target Wolf's Mouth line ;)
If you liked this idea, I would appreciate a click on the Like button ;)
If you have any questions, suggestions or a different opinion, don't be afraid to use the comment function.
Thanks a lot
Disclaimer:
Please keep in mind that this is a pure analysis and only reflects what my eye shows me ;)
This analysis is for informational purposes only and is scientific in nature.
This analysis is not based on any fundamental data!
This analysis is not an investment advice and should not be considered as a buy, sell or hold signal.
Always do your own research before investing and seek the advice of a qualified person.
I am not an investment advisor or similar and do not make any investment recommendation here.
VFF when was the last time you saw a Strong Buy rating ?!I think Cannabis stocks will be the next EV`s in terms of market explosion in the next few years.
Yesterday, 8/17/2021 Raymond James brokerage Boosted VFF`s Price Target to Strong-Buy from $26.00 to $27.00
My price target is 20usd.
Two days ago Village Farms International Acquired 100% of Balanced Health Botanicals, a Profitable Leader in the US CBD Category, which provides immediate access to the US retail CBD market, estimated to grow to US$16 billion by 20252 (from US$4.7 billion in 20202).
OrganiGram: Next Turn Ahead! 🍁🍁🍁We are approaching price levels around CAD 3.37 and expect the course to turn around that mark. From there, the corrective movement should be over and followed by an increase above CAD 3.86. Once above this mark, we have a strong signal for further runs towards CAD 4.60.
Don’t miss it!
WTRH Outlook: Updated.Everything is lining up for Waitr to have a nice parabolic run here and my last post has played out very well to this point. Few heavy resistance zones but if successfully breached, the skies are pretty clear above until potential double digits. I expect a cleverly timed PR or two to help facilitate that. We'll see.
FXCM's Cannabis Basket's hourly showing potential momentum pushFXCM's CANNABIS basket is in the bullish area on the daily chart on the left. The hourly EMAs and stochastic are in bullish mode and potentially align short-term traders with the daily. The stochastic has moved into the upper quintile, and maintenance of this level (blue arrow) increases the chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop under hourly support in conjunction with risk management techniques.