Aphria Inc: Green Light For Green Life! 🌿🌿🌿Recently, Aphria went all the way through our blue trading zone and we believe that the bearish movement should be over now. From here, we expect the stock’s price to increase again and crush through the mark at CAD28.78. All in all, we expect prices of above CAD37 to become reality in the near future. With a probability of only 30%, there is a chance that the price drops below CAD17.51, but this gives us only more profitable entry points.
Don’t miss this chance!
Cannabisstocks
$MSOS sending SOSFirst US cannabis ETF is gapping down, both longs and shorts are fair and reasonable.
Longs:
- Bottom of channel will be retested soon and may bounce.
- Gap shall be closed and may bounce.
- Once year open retested it may bounce.
- I'm not watching news so I have no clue what they say on CNBC.
Shorts:
- Formation of H&S pattern, therefore measured move possible.
- If year open does not hold, we will be gapping down all the way to the beginning of the bullish cycle for retest.
- Usually new asset formation includes some form of the squeeze. They want all your money therefore they will trigger every stop on the way.
Not financial advise.
Possible breakout situation for Sundial!This fledgling cannabis stonk has a great future ahead of it in my eyes. Just peep their instagram! They're definitely seemingly in-the-know. I'm thinking of this position as a long hold. But also will probably reach a short term peak soon.
Have fun!
Not investment advice
WeedMD: Puff, Puff, But Don’t Pass! 🚬If you thought the hype was over, then think again. We are currently approaching the trading zone between C$ 0.385 and C$ 0.230. Here, we will have amazing entry opportunities to tackle incredible heights! In detail, we expect the stock to skyrocket from here to prices above C$ 1.55.
Pass the green, but not this opportunity!
Breakout on volumeBroke several resistance levels today, need a close above the fib line, will get us back in the uptrend (purple line).
Not feeling Aurora. Looking for Head and Shoulders reversalThey were left out of the deal with Aphria, lost a CEO last year who was hired particularly to find a merger/acquisition, they have been continuing layoffs, lost billions of dollars last year, keep diluting the stock, and they are running a large multinational organization (complicated).
The best hope for ACB is that it has hit rock bottom as a company and will survive with nowhere to go but up.
Watch for these moves to see which way it is heading.
Yellow line through a green zone is a potential buy,
Red line through a red zone is a potential sell.
Always check fundamentals/technicals before making any trade.
Strong support, next level of resistance.Strong support at .0941 at the fib line, next resistance at .1172, next fib line, following the uptrend pattern. Volume will need to pick up to push us to next levels.
Lots of catalysts to make this happen.
TLRY with a clear long setupWith today's pullback, we now have a clear long setup. Stop at line drawn, 21.14. Target zone is PROFIT ZONE in box, between 37.07 and 39.71. Can extend.
OGI with pullback and clear stopWith today's pullback, OGI gives us a nice entry. Stop at line drawn (support) and target given at the box, between 4.49 and 4.79.
OGI enters BUY ZONEOGI, another cannabis stock that we have been following enters our BUY ZONE today, and quickly turns. This hit our 50% retrace level from the move up. If this level holds, projects to 7.72 for the next move up.
$FIRE Buy the breakoutSafest play here is to buy the break out of resistance. Make an alert and you can move on to your next play.
FIRE Short .45 Long 1.31Looks like FIRE is setting up for its next rally (the Democratic US election win has given a boost to Canadian cannabis co.) . I'm seeing a short term bull opportunity purely on technical analysis. I saw a short term pullback to the $.30 range (on Feb.18) and now I'm betting it will retrace up to the $.40-.45.
Short term, I'm betting it will retrace to Fibonacci's .618 (H1 time frame) @ $0.46 which has been a strong area of support and resistance in the past. I'll be watching for:
1. M30 to cross the EMA 200 and MA 50 to enter
2. How the Feb.19 news item TSX:FIRE : FIRE closes 25.9 M bought deal public offering, affects price on Monday.
Long term, I'm betting it will retrace up to previous highs taking profits at $1.31, $2.02, and $3.27
Ascending Triangle for GRAMF?It appears as though an Ascending Triangle pattern is forming for GRAMF.
The RSI has broken a bullish flag pattern, the downward sloping resistance was pretty consistent until recently, giving the impression of a descending triangle that's now been negated.
On the DMI there has been a bullish cross.
$SNDL looks low, but there's hope I 💗 my LONG TERM strategy!*Sundial is headed down in the short term, however think of this fledgling cannabis stock that may flourish under this administration, house, and senate! When it bottoms one might consider grabbing more or grabbing stock call options for far out... if one believed in the company that much.
If you're holding, consider HODLing with diamond hands rather than selling at a loss. UP TO YOU THIS IS NOT ADVICE.
Also, a reminder that my posts are nearly all LONG TERM "LONG" investment strategies. These are NOT MEANT as DAY TRADES or even SWING TRADES.
Therefore, I stand by the linked related idea below. Please share feedback if you have any 😊
All of this isn't investment or trading advice
*Not investment advice
Buy the dip on Tlry. Long term holdBeautiful retracement here on Tilray with gap fill to 30 with a big upside target gap fill in play.
We are at support here so its a good time to buy and add a cannabis stock to your portfolio if you have missed the epic pump this week. That pump was great for day trading, this play is a solid long term hold. The weed sector has been on fire this year and I expect it to perform well through Biden's presidency.
All time high on TLRY is around 300 so 30 is a fantastic buy and hold opportunity imo.
HMMJ - what to do on Tuesday? Buy or Sell?All TP's was done from prev Idea.
Now we stay on TP1 or 14$ support line.
What to do on Tuesday if you buy on 18$+ or want to buy?
We have 3 scenarios:
1) Panic sell continuance. My SL right now on 13$ lvl. The best idea here close the position by SL if we drop under 13$.
2) Bullish: we consolidate or start growing to 16$ and break out to 18$.
3)Bearish: We re-test 16$ and go down.
So I recommend (If you already in the market like me) be ready to close your position by SL or on ~16$ if we not breakout up this lvl.
HMMJ ETF contains:
19% Aphria - Stay on W support.
16% CANOPY GROWTH - stay on W support.
11% GW PHARMACEUTICALS PLC. - HOLD/bullish
11% CRON - stay on his support.
So I think we will rebound from support lines for 10-20% gain for minimal. And after that, we will see what to do next.
Tilray Given Up All Gains, Time to BuyThe potential for huge growth in cannabis companies is obvious. The spike we have seen in the past week has retraced almost all the way back to where it started, this offers a great chance to re-enter longs. The spike may have been caused by the Reddit craze nonsense which explains the big dump as well but this is still a good trade/investment.
I would like to see the price stabilise in the current area and confirm that the support here will hold as it has been very volatile. If it does hold here and show that it will rise then the previous high is a good target, around $64. If it breaks this resistance then a target of $115 can be next, this is 0.382 Fibonacci retracement from the all time high to the low. If you are looking at this as an investment there is no telling how high it could go.
SNDL Support Around $2Symmetrical triangle pattern in 15M shows that the price will break out higher or continue downtrend. Combined with the fact MACD is beginning to converge and RSI is approaching oversold, I think this could be a break out. Alternatively, we might also test $1.60 resistance later today. Not an expert, I probably wouldn't take my own advice.
WeedMD: Smoking Hot! 🔥After a long time, the cannabis stocks are finally living up to their potential. They are currently jumping through the roof. For WeedMD, we see this trend continuing! The most important mark is at C$0.23 which should be left far behind from now on. Believe in the extreme growth potential of this stock in the future.
Stay trading!
More SNDLBoy am I glad I held.
This bad boy looks like it turned two resistances into supports.
Top line from early first peak in this bull cycle, bottom from first peak in Aug when we turned bullish.
I'm holding until third touch of an ath line it doesn't break.
Floor is now higher than my initial sell point, so no lose scenario.
Just getting started.
