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Cannabisstocks

WEED STOCK THOUGHTS! HEXO, ACB, APHAHey everyone! Here with a video on some Cannabis Stocks I've been checking out. (THIS VIDEO, HEXO, APHA, ACB) Day time frame: Most of the cannabis stocks are looking very similar. -completed Market Cycle -Down 80-100% -lower MA's have crossed north, or are close to crossing 200MA in Bullish form IMO these are looking like great places to invest if you wish to do so. I am no financial advisor, just a trader sharing my thoughts and ideas! PLEASE LIKE COMMENT AND FOLLOW! AND REMEMBER, DON'T CHASE IT, RETRACE IT!
OTC:NUGSLong
by Cosmicbag
Cresco Labs investment Idea Fundamental side of the idea: For the full year of 2020, Cresco saw a whopping 271% year-over-year increase in revenue to $476 million. The company's retail revenue for the year grew to $202 million, up 316% year over year. Much of the credit goes to its Sunnyside retail platform, which, according to the management, generated average revenue per store of $3.6 million. Cresco has 10 Sunnyside stores in the new emerging cannabis market of Illinois. ) Its fourth-quarter (ended Dec. 31, 2020) revenue also jumped a massive 292% year over year to $162.3 million. Another quarter of positive adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) net of biological assets of $50 million is an impressive jump from $2.8 million in the year-ago quarter. It also reflects how well the company has been handling its operating expenses. Cresco's 2020 was a reflection of what's to come in the next few years, according to the management. Technical side of the idea: Since the price has hit an all time high(22CAD), it has been decreasing / and retraced to 0,61 Fibu level. As long as the price is Rebounding exactly on 0,61 Multiple times we should consider that there is a big Possibility for the Price to Move higher. I am expecting that the price will continue to increase to 80USD in the next two years, after breaking the 1,61 Fibu level ( which is going to be the new resistance ). If you have Questions, you can Always Contact me ! Best Regards. S.Sadki
CSE:CLLong
by SaraSadki
CLC -- Exclusive developer/distributor for TAAT & Beyond TobaccoTAAT is being heavily promoted but few know that CLC is the exclusive developer and distributor for TAAT & Beyond Tobacco products in Canada. It is also a well established cannabis grow/extraction business in one of the best farming regions of BC, Canada. Very bullish chart. Bullish MACD cross is a technical buy signal. Bullish Engulfing candle is signalling continuation. Lots of room to run before hitting overbought levels.
CSE:CLCLong
by wealth_bakery
THCX Banking Bill Passes HouseAt 8 pm EST, the House announced that it passed the bill that would allow the cannabis industry to get banking accounts and start being treated like standard businesses with banks. This would likely include loans and investment opportunities that crippled this industry. Next is the Senate, which are pro-business so this will be interesting to watch. I foresee this stock breaking out of its near term bull pennant and going into an uptrend to around $20 per share. This should be around 10-15% returns. Easy run up for day traders. Happy Investing!
TLong
by calisailor209
Descending Channel for TNY?!?!TNY appears to be trading in a descending channel on a micro-level. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form within longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices, but only after an upside penetration of the upper trend line. On the KST there has been a bullish cross where I've placed the green downward pointing finger. On the RSI the downward sloping resistance of a descending triangle pattern is being negated, very bullish and it's possible the price will breach the blue downward sloping resistance of the descending channel to the upside if Tinley can release some note-worthy news next week, don't hold your breath. A breakout to the upside means there's a shift from bearish sentiment to bullish. It’s recommended that buying into this break should occur after multiple tests of the upper channel line. The reason being breakouts early on in the channel often lead to traps as shorts push the price of the stock back down to the lower end of the channel.
CSE:TNYLong
by ScotianBot
1
Descending Triangle for CURA?Or, possibly this pattern plays out as a bullish flag. The KST is displaying a bearish cross where I have placed the red downward pointing finger. Keep an eye on the DMI in the upcoming trading days, if there's a bullish cross it would be very note-worthy for the bullish narrative. Something similar to what happened where I've placed the green fingers. The share price is nearing the end of the pattern which doesn't happen too often, this could be due to some indecision among market makers and other participants trading / investing in the stock.
C
by ScotianBot
Possible yum yum style breakout for $SNDL! The chart is looking great on the 5.5 hour (333 minute) chart. Could this be a yum yum style breakout, or will it be a flop? I have a bunch of call options with a strike price of $1.50 that expire today. Could we see a bull run within the day that brings us to $1.50, or will it be over the next few days/weeks? Either way, this seems like a tipping point to me! We also have the new news that New York State legalized recreational cannabis for adults! Not sure how that will affect this stock! Happy trading! Not investment advice
NASDAQ:SNDLLong
by primroseverglade
1
Short Idea: Greenlane Holdings Inc GNLCGreenlane Holdings Inc (GNLC) is a distributor of vaporization products and consumption accessories in the U.S. The stock got a huge pop on news of a merger with KushCo Holdings. However, Kaskela Law LLC announces that is investigating Greenlane Holdings to determine whether GNLC executive officers and directors violated the securities laws and/or breached their fiduciary duties in connection with the proposed transaction, as well as whether Greenlane shareholders are receiving all material information in connection with the proposed transaction. Greenlane also has a weak balance sheet, free cash flow negative and heavily financed. Target: $4.25; $2.00 Exposure: 1-2%
NASDAQ:GNLNShort
by TheMacroStrategist
ONE LOVE! Let's get together on weed stocks. Oh boy! Where were you when all this was happening? Cannabis (aka weed) stocks as a group set to take off. This could be bigger in percentage terms than Biotech pumps we saw in the pandemic period. As some will be aware major changes have been happening in the USA and Canada to 'legalise' certain aspects of cannabis. GTBIF and CURLF were ahead of the race. Changes are following in many other countries. Both GTBIF and CURLF may correct significantly so if investing here one has to look for a nice pull back and take a controlled loss. But this post is not just about two cannabis stocks. There are dozens of these stocks in Canadian and US markets and Google will help you to find them. The could be more long term investment opportunities, say over 5 to 10 years. Buying low should be easy for many of these stocks. Some on my watchlist are: TSX:CRON, TSXV:EMH, TSXV:N, NASDAQ:TLRY I'm not saying the above are great. If others find good ones, then help out everybody else by sharing. Other cannabis stocks are at all time lows. Some say they will pick up. How would I know? Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
OTC:GTBIF
by Captain_Walker
SNDL - How to gain followers in one easy step.Hello fellow traders; time for another analysis w/ SmoothPips 🙏 If you enjoy the analysis please make sure to leave a like and follow; so we can catch these pips together! ❓ What's unique about SmoothFX? -All trades executed off of the same "strategy" -Easy to read charts -Multi Time Frame Analysis -Learn and Earn experience -Very high probability -Experienced 🎯Leave some feedback & let's chat. Always willing to hear other bias'. 📌Remember; markets are moved through liquidity. We will earn more by helping each other. 🤞Please remember not every analysis will be 100% correct. Use your own due dill & discover your own research. Sincerely, SmoothPips <3
NASDAQ:SNDLLong
by SmoothhhPips
8