Get started

Cannabisstocks

MEDMEN: Great entry at $3.00 USDMedmen stock has been hammered by lawsuits due to alleged negligence by the company executives. All lawsuits and Bear warnings have been baked into current price. There is great potential for the company to succeed if they can get past all the negatives. The current size of the California cannabis market alone is the equivalent to the entire Canada cannabis market as of 2019 per statista. With the company's expansion in the rest of the US and continuous dominance in California, I believe the stock price will follow suit. In terms of looking at the technicals, the chart shows an ascending triangle pattern on the weekly chart, along with favorable MACD, RSI and Money Flow Index. I believe this is a great entry point at $3.00. Please perform your own research to validate my perspective on the current state of the company and its stock price outlook.
MLong
by justinl619
MEDMEN: Great Buy Entry at $3.00Medmen stock has been hammered by lawsuits due to alleged negligence by the company executives. All lawsuits and Bear warnings have been baked into current price. There is great potential for the company to succeed if they can get past all the negatives. The current size of the California cannabis market alone is the equivalent to the entire Canada cannabis market as of 2019 per statista. With the company's expansion in the rest of the US and continuous dominance in California, I believe the stock price will follow suit. In terms of looking at the technicals, the chart shows an ascending triangle pattern on the weekly chart, along with favorable MACD, RSI and Money Flow Index. I believe this is a great entry point at $3.00. Please perform your own research to validate my perspective on the current state of the company and its stock price outlook.
MLong
by justinl619
CRON 4.1.19No Joke. ... cause it's that day, ehhh, ok. so; We could find support at the current level, on the 786, but if we don't it's likely a more complex correction that just might land in the golden zone, possibly maybe. >>>I'm a noob in the #mj markets but this is a classic wait and see for me in my own opinion here basically mostly based on my own opinion which is that of a noob so I'm not entering into these markets until I've given a proper ocular patdown of each asset. <<< The ol green box is a possible buy area in my personal opinion personally. This is a market that is susceptible to fundamental news. (Unlike the trusty video game world of cryptocurrency where it's almost entirely speculative, traded 24 hours a day, with actual robots placing orders). Ok honestly there are robots placing orders in every market so you just gotta summon your inner John Conner and pony up buckaroo. I'm not much of a fundamental guy yet but as I'm branching out into other markets I realize it has more value. If anyone out there has recommendations for insight into the cannabis stock arena please comment below. #internetmoney #marijuana #uranium We live in strange times my friends, strange times, Peyote
NASDAQ:CRON
by Peyote_Manning
2
CSE:SPR Weekly equilibrium broke bull--Enormous follow throughCongrats to anyone who acted on my previous post on CSE:SPR !!! The company has released a presser stating they are in talks with a beverage company and are optimistic about a deal being concluded within the month of April. This is the highest closing price ever, on HUGE VOLUME, and the all time high is not far away. Can the run continue? Hard to say... Above I am looking at the hourly candles. While it is an extreme run so far, over 100%, hourly support was established three times, most recently today. As long as the hourly higher low pattern continues then the run will go on. When the hourly higher low pattern is lost then daily consolidation will begin and could be a good time for laggards to enter or to scale in to existing positions. I will judge daily consolidation when it happens and asses the health of the pullback. Due to the size of the run, the pullback could be fairly large, but we wont know until it happens. It's hard to gauge what daily consolidation will look like until it happens, and it's possible the news of a probable deal will help keep things bullish without an overly large pullback. I am hoping for a bull flag on the daily, or weekly charts, but will update when things happen.
CSE:SPRLong
by Level8Trading
CO2 GRO Inc. Blue Sky Breakout!Update to my previous analysis on GROW. I've been following GROW for over a year now, and sp had been stuck in the 0.10-0.30 range. With a close above 0.40 the breakout from previous trading range is evident. Highest share price since their CO2 startup took over, so we are looking at a blue sky breakout. Sustained bullish volume, with good support being built on the way up. Lot's of catalysts coming up for this company, financials end of April with $1.5 mill in cash from warrants in late fall. Aggressive expansion with many new contracts being signed, projected $10mill revenue run rate by end of 2019. Market cap only $27mill. Still an early stage start up with great potential, time ot get in is now.
TSXV:GROWLong
by Unlikely-Bite
Selling the Cannabis Bubble (Part 2)The pot bubble is going to burst. From the technical perspective we are pulling the trigger here after retracing 61.8% of the initial leg to the downside from the highs. For those who believe in the bearish story for the industry, now is the time to get back to work on the sell-side. More and more funds with large central books are starting to open up positions writing upside vol from here onwards . The easier play in this field is to just short the common stock with targets at the bottom of the range. The drug although very safe does not have any reasonable medical benefits. Obviously we have the lifestyle/recreational benefit but not any obvious health benefit other than epileptic syndromes. I do think it has some analgesic properties but these have to be understood through more clinical trials and et... to put simply we need more robust toxicology and clinical understanding here before any further upside is unlocked. Best of luck those who are already positioned on the sell side in $WEED and the others.
AShort
by ridethepig
7
ACB Short- catching large corrections bull marketACB is a great stock. Super cheap for amount they produce. I'm long in the long run But I think there's substantial opportunity to make profit by shorting the stock as it experiences corrections in it's uptrend Normally I wouldn't recommend timing a stock like this or trading against the trend, but it's not seeing 10% pullbacks on upward moves, it's seeing 50+ % corrections, which makes the strategy viable. The macd indicates the stock is currently bearish, and if this correction follows the pattern of large pullbacks, we're about 1/3 into the move, leaving more room for upside than for downside- A nice KISS (Keep it simple, stupid) strategy LIMIT: $9.90 (-5.50%) STOP: $10.30 TARGET: $8.90 (+10.00%)
AShort
by benpoynor
Is WAYL ever gonna break out of this falling wedge ?It seems that from the time it reached ATH, it's been in a giant falling wedge. Even clearer on the monthly: Is this stock going to continue falling ? Or is this a good buy opportunity ? From what I know of this company, it's had it's fair share (pun intended) of drama. Insider selling, lawsuits threats, twitter arguments between the CEO Ben Ward and Equity Guru. (highenergytrading.com) Honestly I have not followed the stock much since it switched from Maricann to Wayland Group. I still hold a small position though, and I sold and bought from time to time without paying much attention to the longer timeframe charts. What I do know, is that the weekly chart just bounced on 0,87$, creating a double bottom and a good place to put a stop loss. The 1$ price level will probably offer resistance and right now the stock seems to be hesitating as to which way it'll go. This seems to be in line with the Cannabis Sector, which has been in an EQ for the past few weeks. For those who hold the bag (like me), there might be a good opportunity to average down if 0,87$ continue acting as support. But what I really what to see, is a weekly close above the falling wedge, and increasing volume that might signal a trend change and give back confidence to investors.
W
by The_Agent_K
Will Aurora Cannabis Reach ATH soon ?The volume was quite impressive last week, smashing through the 8$ resistance and closing very strong above the pink trend line. What's interesting about this trend line is that you can extend it back 2 years when the price was under 1$ and it's been tested again and again, acting both as support and resistance. Next weeks we might see some follow through with resistance around the 10$, 11$ and 12$ levels, but more importantly the all time high is in sight. I don't know what's driving this surge for the past 2 weeks and I must admit I'm a bit skeptical. If for some reason there's a pullback that bounces on the pink trend line, it could be a good opportunity to make an entry. Other than that, I'll be careful as this stock and this sector can drop quickly, so this chart is more to help look for an area where buying could happen IF there's a sudden drop.
A
by The_Agent_K
3