Cannabisstocks
GROW Double BottomDowntrend over last few weeks may be over as todays bullish engulfing shows signs of reversal. Watch for break of 0.35 to confirm bull break from falling wedge. Close above 0.35 would also be a hammer on the weekly chart. Good buy right now with strong support at 0.30, price target at recent tops of 0.51, potentially higher with any good news releases.
Upcoming catalysts include new contract signings, approval for use of technology on cannabis and more agro-industrial partnerships.
Conopy Growth Corporation, #CGC, #cannabis, #ConopyGrowthConopy Growth Corporation. CGC
Today and tomorrow price for buying $35,77-$35,17
Market Sentiment is on the level of $35,50
Critical level- $26,30
Stop loss- $33,47
Aurora Cannabis, #ACB, LONGAurora Cannabis -Today and tomorrow price for buying $7.17-$6.87
Market sentiment is on the level of $7.50, critical level is $5.50
The best price for this stock is $3.99! It is the super price.
Stop loss-$6,37
ZYNE- Getting close to the 50 DMA support area Just as planed . Looks like next week we Might get the "randevo" with the 50 DMA
Last chance to buy TLRY sub $50!Update on TLRY. Please like/comment if you see value in this post. Thanks.
My previous post/analysis/thought is still in tact ( )
I found that the current price action found the blue channel very well. Also, the bottom blue line in that channel is very compatible with the other part of the price chart.
I still think any purchase within that green box would be a winner buy and this could be the last chance to buy TLRY below $50.
The Fib Circles in green still plays very well. I expect to see another drop as we approach/pass the next green circle and in general I expect to see the price chart follow the channel in blue.
ADX and DI looks very healthy and supportive too, the green line is above the red and DI looks like growing (getting more momentum).
TLRY finds a good support on 50-day MA as well.
Good luck.
CGC in a clear Trading Range - Looking for a pop back to $44Stop loss with daily close below the low of 7/3
CRON - Elliott Wave Count - Sideways 4th Wave Correction7/7 Current in W(IV) on the Weekly timeframe
- Yellow count is invalidated if W(IV) drops below W(I) at 13.95.
- White count is invalidated if W(IV) drops below W(I) at 11.90.
Charlottes Web Holdings Inc. Charlotte's Web Holdings, Inc. produces and distributes hemp-based, cannabidiol wellness products in the United State.
Looks like it needs a breather soon , after a nice move of about 60 % in 3 weeks. just b4 the next run up.
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.
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.
ACRGF - Elliott Wave Count - Short Term Bearish7/2
- Overall it appears ACRGF started it's life in a Triple three: Zig Zag, Triangle, Zig Zag pattern and currently in it's last leg for completion.
- Next level of support at 15.84, then 11.99
- ACRGF may buck the current downtrend if it is able to break through upper trendline
KHRN - Elliott Wave Forecast - Possible Support Bounce Up Entry6/25
- Several counts indicate an upcoming bullish wave (V)/b
- Recent price action holding above 2.20, for a 61.8 golden pocket reversal in wave (IV)/a
- Confirmation - Price break above previous high of $2.89 to confirm an uptrend.
- Invalidation - Price breaks below 1.23 into Wave I territory
- RSI shows recent gathering of bullish momentum trying to break above 40
TLRY Falling Wedge BreakoutDisclaimer: This is not financial advice, so buy at your own risk.
I am a shareholder of TLRY for the first time as of a few days ago. I watched this stock IPO and blast off from $30 to over $300 and then quickly melt down just as fast. But now it rests on significant support at around $38.90 based on my technical analysis and I see it slightly broke out of the falling wedge too. I like to hear the opinions of others, regardless of if you agree or disagree. I would like to find more evidence to support or disprove my thesis here.
Entry: $39 to $40 range
Stop Loss: $35 (or maybe a bit lower so you are inside the channel?)
Target: Who knows. Set a trailing stop loss and watch what happens.
SNN - Broke through last support - No sign of reversal yet- Price broke below previous all time low of 2.85 closing at 2.56
- Next level of resistance at 1.45
- RSI is weak below 40
- No signs of reversal just yet
ACB - Looks Like a buy herePossibly breaking a long downtrend. Had positive MACD divergence going in.
Good for at least a short-term move possibly to $8.25 if it breaks out today. But if the move is strong, we could also turn the weekly chart higher, which would lead to a multi-week rally.
Is 3.13ish going to hold for a double bottom?Or, is more pain ahead for TGOD in what appears to be another descending triangle!
TGOD is down roughly 60% from its ATH's.
TGOD is down -52% in the past year.
TGOD +32% YTD
All Time Performance for TGOD -42.33%
Price target of 35c!
Time will tell per usual
$XON Intrexon Corp Climbing Up The Charts$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!
I don't see any support until 51c! Double Top! And I don't think that dead cat bounce will hold if retested as a bottom.
Nom Nom Nom.....
Now we know why the last 3 Auditors left the company & they failed to report financials, they were ugly!
On Friday, May 31, a solid two months later than initially required, they reported a sh!t show. Then the stock tanked 18% to trade 80% lower than the 52-week highs seen in September last year.
17c by 2020.
After management attempts one last "pump" for edibles with a company that can't even spell chocolate properly, and was accused of scamming previous investors, c'mon.
Time will tell per usual.
What does CUSP.P have in common with 2 of the largest MJ Stocks?Bruce Linton & William Hilson, I made it easy for you lol.
They've had their eye on a specific company to takeover before they made this capital pool company!
Cronos Group has a 2.4 Billion Dollar investment from Altria Group.
Canopy has a 5 Billion Dollar investment from Constellation Brands.
Here's a link to Cuspis Overview, put www. before ollerheadcapital.com
ollerheadcapital.com/cuspis-capital.html
Same thing with this link to cusp.p shareholders, just put http:// before cdn.ceo
cdn.ceo.ca.s3-us-west-2.amazonaws.com/1e8i559-CUSP.P.png
