Cannabis Index - Overbought, Looking for Retrace Before EnteringI have just closed a very profitable long on the cannabis index. This can only go up in the long run but I had to secure the profits. I am looking for this to retrace to between 0.5 and 0.618 Fibonacci before entering long again. It is very overbought on RSI across all timeframes so a correction needs to happen soon. Long term this will break all time highs (these do not show on this chart).
CBD
$Mine Golden Cross #Shroomboom Mine Golden Cross in play. Going to see allot of volume coming in and price will move fast. Hold long on this one and you will be rewarded greatly.
#Shoomboom is starting and its only the beginning.
Please give a like if your as excited as i am.
$Mine Golden Cross #ShroomboomMine Golden Cross in play. Going to see allot of volume coming in and price will move fast. Hold long on this one and you will be rewarded greatly.
#Shoomboom is starting and its only the beginning.
Please give a like if your as excited as i am.
$Mine Golden Cross Mine Golden Cross in play. Going to see allot of volume coming in and price will move fast. Hold long on this one and you will be rewarded greatly.
#Shoomboom is starting and its only the beginning.
Please give a like if your as excited as i am.
$EHOS Trip breakout chart with continued accumulation PT .0050$EHOS has been steadily being accumulated the chart shows it is at a breaking point currently to break to the upside. The Share structure is small and moveable with those attributes in mind we could see a nice breakout here.
Increased CBD Sales Could Boost $PDPR over .05 from this level$PDPR Has been steadily gaining the last few days and no wonder why, the company has a strong presence in the CBD market and should be updating shareholders on its increased CBD sales from the last two years.
As the Biden administration decriminalizes Marijuana, CBD and Hemp products as a whole I expect the whole market to increase dramatically the next year or two.
PT .05
Sundial MT (February 2nd 2021)Sundial (SNDL) (February 2nd 2021 through 2022)
Low: $0.56 - $0.60
High: $2.09 - $3.30 - $5.22
This is one I have been watching for a little while and found an excuse to chart it last night with Cindicator asking questions about for a forecast.
As it's a cannabis company stepping out of its first gnarly bear market into a world of expanding marijuana freedoms, I have reason to believe this will be very bullish in the coming year or 2. Potentially will exceed my fibonaccis by a couple golden multipliers if the bearish reactions aren't too severe for each new notch Sundial goes up. Definitely a good penny stock to watch for the future, potentially great opportunities here.
Most of my fibonacci price action makes sense (to me) and leads me to believe this could be 1 potential working fibonacci setup. The paths are a little bit messy but just gives a general idea of price action I expect to happen. It could happen or slower than I expect it to as well, many things to watch out for but I only hear of more and MORE positive cannabis news in Canada and the USA. In my opinion, the USA's MORE act will help immensely when things really get rolling if it happens like I think it could.
Potential cup and handle forming in this chart? If the next few months go "parabolic," I would definitely look for any short term selling points around $5.22 to re-buy at slightly better profit just under, maybe near $3 or $4. Even that scenario might not happen perfectly but I will be watching this one closely in the future if I can help it.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
TERRA TECH CORP - just follow with us -stock to follow TERRA TECH CORP
TERRA TECH CORP - just follow with us -stock to follow
TILRAYTilray has bottomed out i think since we saw the $5 prices, and now we appear to have had a breakout. ideally wait for a pullback maybe to the $10-$12 mark. I noticed every time Biden got closer to POTUS, that tilray and a few other cannabis stocks had bullish moves. So longer term i believe this is Value investing at its finest. I have placed the shares in my Tax free ISA and will hold till circumstance change.
Trade alert: SNDLPosted on this before.
Broke .50 wall this morning, assuming it holds up SNDL should start climbing from here to try and to break .60, then .95.
If it breaks through to 1.28 who knows how crazy this can go...
Hear me out here. *MEDMEN*MEDMEN (MMNFF)
MMNFF: Beaten down since inception right? We know this.
What we also know: If legalization opens up across more states through 2021 then this could be a CBD retail Goliath in a few years time.
.10- .19 seems like good entry position near term.
Will most likely purchase a small position and update throughout time.
$SNDL Major Earnings Beat TBH IMO PT $1.50+Sundial Growers , Inc. engages in the production and distribution of flower, pre-rolls and vapes. It operates through the following segments: Cannabis, Ornamental Flowers, and Corporate.
Aug 13 (Reuters): NET CANNABIS REVENUE FOR Q2 OF 2020 WAS $20.2 MILLION, AN INCREASE OF 44% OVER Q1 OF 2020
6/29/2020 BMO Capital Markets Upgrade Underperform ➝ Market Perform target price $1.00
If we divide the equity value or total value which is the sum of the present value of the future cash flows, which in this case is CA$282m by the number of shares outstanding relative to the current share price we get a valuation
of .75 which in my opinion is still highly undervalued.
The company's goal is to provide customers with the best quality cannabis with the help of experts in the growing field.
The company’s partners include the University of Saskatchewan, University of Calgary, Inplanta Biotechnology, PlantBiosis, Town of Olds and Olds College.
Sundial Growers operates several different brands that it sells its cannabis products through.
That includes Sundial, Top Leaf, BC Weed Co., Palmetto, and Grasslands.
"CALGARY, AB, Nov. 9, 2020 /PRNewswire/ - Sundial Growers Inc. ("Sundial" or the "Company"), is pleased to announce that it has entered into a sales and distribution agreement (the "Agreement") with local company Choklat Inc. ("Choklat"), a Health Canada licensed chocolatier company focused on offering decadent confections with high-quality flavour. The new collaboration between the two Alberta-based companies provides Sundial the opportunity to continue to expand its product portfolio and enter the edible market."
"CALGARY, AB, Oct. 20, 2020 /PRNewswire/ - Sundial Growers Inc. (NASDAQ: SNDL) ("Sundial" or the "Company"), is pleased to announce the expansion of its Palmetto brand presence across Canada.cConsistent with Sundial's focus on premium inhalables, the Palmetto brand offers a diverse product portfolio to accommodate consumers looking for an experience that offers convenient, high-quality products alongside unique branding. Palmetto's dried flower format recently launched in Quebec and was sold out within two weeks, indicating early resonance with consumers in a rapidly expanding and competitive market."
My own PT around $3 by EOM
$RNWF 3rd Major Company Could Become Holding Company for $RVDO$RNWF On A Breakout today, DD points towards majority stakeholder in $RVDO possibly becoming a holding company with other companies underneath it. Right now it is all speculation, and hearsay, but the connections are becoming too apparent to ignore. Could the company also be holding shares in $GRNF? Time will tell.
To find more DD check the links below.
Looking for a breakout of .015 to the upside of .05+ on this second major leg up
$RNWF Continues Sdwys Pending Major Updates Owner 92% of $RVDO$RNWF Now Possible it could be a holding company for $RVDO and even $GRNF given the interest and size of the S/S if this is confirmed we could very well see $1 here imo.
More DD posted below in Links
$RNWF JC's 3rd Possible Major Runner Took $RVDO $GRNF Over $2Currently sitting at .01 with the possibility to go to .50-$2 loading level IMO
Vida Downward For Now, But watch outPhivida is definitely experiencing downward pressure but watch out for a big upward move after the consolidation of this triangle. VIDA is a play that you want to have your buy and sell orders preset because when it moves it goes fast! This is not trading advice.
CBD won't cure coronavirus, short it. This debt heavy company will feel the effects of covid19/ corona just like the general market will. Gaps will bring it to the down side, imo. This is not trading advice.
