Short CGC here for $34-36 targetCGC has been rejected in the area $50-55 multiple times and has started to trend downwards. We can also see a decrease in volume and downward-trending RSI, which jointly indicate a bearish move. We bought some Oct 19 $45 Puts which should lead to 200-400% profit upon reaching of $34-36 in the next 1-2 weeks.
Canopy
TURVI missed the green gold rush but this weed stock selling water use rights to Colorado growers is sending all the right messages. Buying in full position.
Weekly hanging man on Canopy Growth CorpWe'll probably see a red week next week.
Spetember is usually a bearish month for stocks.
The good new is that in Oct-Dec stocks perform great.
Comparing US MJ to CANN MJ for first day of legal sales - logFirst day of legal sales in Canada is Oct 17 (AFAIK) so comparing to the first day of legal sales in Colordo (1 Jan 2014) is a good idea.
Green line here shows the week of legal sales. Price ran up into it (similar to the action we're seeing in CANNMJ now ) and it didn't stop once sales started.
This is for all the bears in the Canadian MJ space. Watch out.
$CGC $WEED $CRON $APH $ACB $TGOD $TLRY
Comparing US MJ to CANN MJ for first day of legal sales - logFirst day of legal sales in Canada is Oct 17 (AFAIK) so comparing to the first day of legal sales in Colordo (1 Jan 2014) is a good idea.
Green line here shows the week of legal sales. Price ran up into it (similar to the action we're seeing in CANNMJ now ) and it didn't stop once sales started.
This is for all the bears in the Canadian MJ space. Watch out.
$CGC $WEED $CRON $APH $ACB $TGOD $TLRY
This pennystock (shitcoin lol) just had a delayed pump interestingly enough
Comparing US MJ to CANN MJ for first day of legal sales - logFirst day of legal sales in Canada is Oct 17 (AFAIK) so comparing to the first day of legal sales in Colordo (1 Jan 2014) is a good idea.
Green line here shows the week of legal sales. Price ran up into it (similar to the action we're seeing in CANNMJ now ) and it didn't stop once sales started.
This is for all the bears in the Canadian MJ space. Watch out.
$CGC $WEED $CRON $APH $ACB $TGOD $TLRY
Comparing US MJ stocks to Canadian MJ for Oct 17First day of legal sales in Canada is Oct 17 (AFAIK) so comparing to the first day of legal sales in Colordo (1 Jan 2014) is a good idea.
Green line here shows the week of legal sales. Price ran up into it (similar to the action we're seeing in CANNMJ now ) and it didn't stop once sales started.
This is for all the bears in the Canadian MJ space. Watch out.
$CGC $WEED $CRON $APH $ACB $TGOD $TLRY
WEED, Canopy Growth Corp, TSX. The Big 100 Idea!?Keeping it simple.
I personally am a bounce chaser, but occasionally like to post these long term goal charts.
I drew a long term 2 year wedge, that leads right into 2021. This is a long time to draw a wedge for waiting for it to play out, as there will be many factors contributing to the ups and downs of this one.
We have some sell signals on the weekly, which could destroy this wedge really fast, which may seem more practical.
The momentum is still bullish but starting to taper off into a possible couple month sell off to the bottom of the wedge.
This chart is for fun and perspective.
Happy trading, debating and speculating!
3-3-5?Ive considered many times that the all time high of $44 may have been wave 3 , however there is also the possibility that we are now in wave C of a flat correction. I would like to quote from the Elliot Wave principle book " Since the first actionary wave, wave A, lacks sufficient downward force to unfold into a full five waves as it does in a zigzag, the B wave reaction, not surprisingly, seems to inherit this lack of countertrend pressure and terminates near the start of wave A" . As some other MJ stocks have done more zigzag patterns ,WEED did not. To me it seems to be fitting the shape of the flat correction as we see here. This is how i interpret the possible outcome nothing is set to scale.
Bullish wedge pitchfork combo on Canopy GrowthCanopy's chart shows a symmetrical wedge that I expect will have a bullish breakout right into the pitchfork. Before that happens it might face some resistance a couple of times and eventually find support either in the pitchfork or wedge line. Price target 39?
WEED confirms 3rd point on temp uptrend.As we can see, WEED keeps tapping that new upward trend line quite nicely, leaving us with a third point of confirmation on our temporary upward trend line, indicated by dotted green. This however, brings us closer to a possible ascending wedge forming. After making a significant rally today, you can see that we touched the previously drawn resistance at 33.90, pulled back and now holding as I write this. So far we have been able to keep above our EMA200 very nicely, so will most likely close on the resistance line, let's see if we can turn it into support folks!
Thanks for viewing my charts!
Cannopy Growth Stock Will Increase AT ANYTIME3 months ago, the stock increased tremendously. On the other hand, we cannot worry because the price for the stock when down. Remember, the legalization in Canada is on June and the company already created some partnerships with other companies in order to have more fields. Then, the profits will increase massively!
Therefore, in order to make profit with this stock, you have to wait at least 3 months. Be patient because on June and July, the stock will blow up.
Am I seeing things?Wow 9.54%! We absolutely blew past any form of futile resistance that I thought may have held us up a bit, into the 0.5 Fibonacci re-trace zone, waiting for an almost guaranteed close tomorrow to confirm above 29.50. I'm moving the support lines up faster than I can buy. The bulls are in full force with no sign of a flag, and even though I've drawn some measly resistance that we could stagger at, the volume right now is just to massive for me to believe that we will be stopped dead at 31.00. Today closed with essentially no wick, so tomorrow, hopefully we can make it there and past. I haven't seen a breakout like this since "The Shawshank Redemption".
Thank you for viewing my charts!
Potential Short Term Future for WEEDJust an educated possibility of what I could see happening on WEED :)
More of a tracking measure than anything, hope there may be some takeaway from this.
Nailed the bottom followed by the top today(FEB26) through a MM method.
Consolidation station.It is looking it will consolidate for quite some time, however, they have just acquired the license for a facility in Aldergrove B.C. It will be interesting to see if it remains bearish during the primary phases of that operation. There's an indication it might retrace the .236 Fibonacci, where it intersects the upward trend line at this point, because support has already been established twice there. Hopefully it bounces off and keeps going in the right direction.
WEED, Bull Open --> Short Play MiddayExpect a bullish open, from bullish market continuation on the S&P500. However, fully expecting RSI to become overbought after the bull open. S&P will cool-off, and WEED.TO will begin its sell-off.
Step 1) Ride long on the bullish continuation upon open. Look to short from of the top 3 levels as labelled on the chart. Enter when MACD shows bullish momentum slow, preferably with a crossover, and RSI in the overbought zone.
Step 2) Short from these levels, and look to cover between the .38 - .61 range. Must look to S&P500 for signals to cover. Watch MACD for slowing bearish momentum.
Always keep your eye on volume, and avoid any weak moves in either direction. Good luck! TSX:WEED
WEED - canopy growth completing C correction on dailyWEED - canopy growth completing C correction on daily
Canopy MA w/TSX - Feb.OTC:TWMJF is plummeting and if it completely breaks its 60 MA it will probably be headed for the 90 MA support line. Canopy is also perfectly in line with the TSX:TSX , if the TSX recovers, Canopy will probably rise back up and at least break to the 30 MA resistance line. Well, that's my prediction.
(KSHB) Kush Bottles Perfect Stock, CANSLIM, Weed StockThis is a GO BIG AND HOLD stock. I don't see perfect stocks on the OTC markets very often. In fact, I suspect the only reason this stock isn't on the Nasdaq is because it is a weed stock. They don't sell marijuana though, but they probably have plans of entering this sector eventually. They just sell pipes and marijuana paraphernalia, located in California, the 8th largest economy in the world. They are also almost 10 years old now. This stock is a no brainer really. Perfect. The float is perfect; the earnings growth is perfect; the industry is perfect; the buzz is perfect; the volume, perfect; the breakout, again, perfect; the name, perfect; the cup and handle, perfect. Everything about this stock is perfect.
Entry is 3/4th's tomorrow, January 12th, 2017, add the rest on a pull back or on next big volume day. This stock is going to $20 eventually. A perfect long term hold
TWEED CORPCANOPY GROWTH CORP looks like it is due for a healthy correction.
Unless this goes into a new count with much higher highs.
