HUGE is taking its sweet timeIn this for the long haul. This company is executing great things. Cannabis is the future of pharmaceuticals in a big way. When this things gets going it will rock.
Cannabisstocks
Bullish Bat with Double MACD Bullish DivergenceWe have Bullish Divergence on the RSI and 2 Instances of Bullish Divergence on the MACD at the PCZ of a Bullish Bat Pattern on the Daily; the Moving Averages are beginning to curl up and the 4 hour is testing sitting at the moving averages at the Neckline of a Double Bottom at the time of posting.
Cannabiscannabis industry, which is expected to hit $billions in sales. Trends looks to be switching up, Look for the best Cannabis stocks maybe?
$TLRY U.S. Cannabis LegalizationThis breakout may have some merit to it. Two overhead resistances broke with the second-highest weekly and highest daily volume on record.
SNDL bullish ahead of the Alcanna dealThe merger between Sundial and Alcanna should occur on or before March 30 following an extension of an earlier agreement.
This deal could send SNDL to the $1.70 resistance short term.
Looking forward to read your opinion about it.
VFF Strong Buy Rating 2 days ago, on 3/2/2022 Raymond James brokerage Set a Price Target of $19.00 for VFF, Village Farms International, giving it a Strong-Buy rating!
The chart looks beautiful, VFF is sitting at a strong support, ready to start a reversal.
My price target is the 10.50 resistance.
Descending Channel for TLRY?It appears though Tilray, TLRY on NASDAQ is trading in a descending channel.
A bounce to the downward sloping resistance of the pattern is expected near term, the company is a pump machine with the PRs, Irwin has his eyes on more than Hexo, so in my opinion, the company will continue M&A, and has the rights to change the terms of agreement with Hexo pending due diligence.
Watch out for the DMI, currently trading neutral, if the blue line breaks above the orange a breakout to the upside is either near term or occurring in real-time, and on the contrary, if the blue line on the DMI crosses the red to the downside hold your ankles.
If history is to repeat itself, the RSI has called the micro top of each bounce to the upside inside the descending channel.
A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend. Officially, the space between the trendlines is the descending channel, which falls under the broad category of trend channels.
A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend.
Traders who believe a security is likely to remain within its descending channel can initiate trades when the price fluctuates within its channel trendline boundaries.
A more potent signal occurs with a breakout, which is when a security's price breaches an established channel's boundaries, either on the upper or lower side.
Trading range for the foreseeable future between 9 Dollars & 3 Dollars. The volatility of the market is likely to cause fake-outs in both directions, trade accordingly.
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 180-Day Extension by Nasdaq to Regain ComplianceSNDL Sundial received 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.
Let`s just remember how SNDL stock was trading at $3.96 one year ago around the same date.
But the company made progresses and the Alcanna buyout should take Sundial Growers Stock back to $1.
The investors were scared because of a possible dilution or delisting from Nasdaq for non-compliance.
Now it should also regain trust from investors and see it touching the $1.30 resistance soon.
TNY appears to be trading in an Ascending Triangle.It appears as though TNY is forming an ascending triangle inside of a descending channel on a log scale chart.
I drew two hypothetical scenarios likely to occur, trading is often never perfect.
On the KST there's recently been a bullish cross, oftentimes throughout the history of the stocks trading, increased price action has followed.
CRON looks CLEAN on the dailyReally like this cron count, it helps me check off another in the list of bull on the cannabis side. I think we have a good year in MJ coming.
SNDL at Dec 2020 support | Ready for an important bounce ?SNDL Sundial stock is oversold at the December 2020 support price level.
looking at the chart, the upside is $1.4 by the end of Q2.
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.
Looking forward to read your opinion about it.
Bullish ReversalIf that ain't a reverse head and shoulders then idk what is.
Good value for a stock with lots of growth ahead of it.
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
Tilray found a bottom? Tilray shot back up above the moving average. We may be getting a relief rally to resistance as the cannabis market has been getting absolutely killed. The industry is waiting on US gov movement on cannabis legality. Once we get some approvals this stock will strap itself to a rocket.
TP ~$9.66
I have bids in the $6 range.
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 Sundial Price TargetsIf you haven `t bough the stock here, at 0.57usd:
then you should know that Malta became the first European Union member to legalize recreational use and growth of marijuana.
Democrats overwhelmingly support legalization for both medicinal and recreational purposes of marijuana.
If the U.S. market open up, it could be a boon for SNDL stock.
My price targets for SNDL are 0.93 for January an 1.25 for February 2022.
Looking forward to read your opinion about it.
TLRYReversal patterns printing on daily, oversold stoch on weekly and selling momentum is slowing down. We might be bottomed out and this on has a good R:R.
The support area should be help no matter what or this trade is a stop :) will try to update this in time..
Peace
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.
IMCC nice ease setupHappy thanksgiving Traders!
It is rare that I trade traditional markets but, pot stacks are going to be bangers coming up soon and this one popped out already. I just wanted to give an opportunity to get out and back in for a nice profit.
Have a green week!
Savvy!
MSOS breaks 4 month trendBreak of 4 month downtrend in a big way. Bipartisan regulations in congress.
