Botanix Bullish Channel to Continue?Botanix Pharmaceuticals Ltd (ASX:BOT) is a clinical stage cannabinoid therapeutics company. The company focus is the development of safe and effective topical treatments for serious skin conditions. It has an exclusive license to use a proprietary drug delivery system - Permetrex for direct skin delivery of active pharmaceuticals in all skin diseases. The company's product pipeline includes BTX1503 - Moderate to Severe Acne, BTX1308 - Plaque Psoriasis, BTX1204 - Atopic Dermatitis, and BTX 1701 - Mild Acne.
Since posting my last idea on the 16th JAN, I thought since we are at another critical level to revisit the Idea and look at 3 posible forecasts.
1. Bullish
- Respect Upward Channel
- MACD weak and anticipating Bullish Cross
- RSI Trending Bullish towards the 50.00 Level
- TB Fib Extension level 1.618 aligning with upper band of Channel
NOTE: price will need to see some Strong Volume and Bullish movement to break through the Ichimoku Cloud internal of the channel (could we be so lucky to receive an announcement worthy?)
2. Bullish off Daily Support (EQ)
- If price is to break Uptrend Channel then a fall to Daily Equilibrium (Support) is likely. RSI is still below the Bullish 50.00 and MACD yet to cross Bullish. Price would also have to break through the Bearish ichimoku cloud that is identified. I think that lack of news and investment frustration could see price fall before a potential Double/Triple Bottom.
3. Bearish
- Break of Upward Channel
- Break of Daily Support
- TB Fib Extension Targets aligning with key levels of Support
- RSI would break uptrend
- MACD would spread and continue Bearish
NOTE: If price manages to fall below Daily Support then I would expect opportunistic buying at former levels of support before reversal.
The "boys" holding this down are getting weaker and starting to sweat IMO GLTAH
Disclosure: Held, Sentiment: Buy
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
Cbdoil
MICROCAPS - CANNABIS - MOMENTUM/TECHNICAL - CBDD - Explosive- Cannabis is booming, ride the trend, trade the momentum
- Explosive movement ahead, looking at sector darlings like TLRY, ACB, and SNDL
- These cannabis stocks are always heavily shorted as well
- Good pennystock + cannabis play (2 Trends in 1), if you dont want to chase the big names
TP1: 0.52
TP2: 0.835
Long term: 10+ ???
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!
Bullish Weekly Chart - Earnings PlayBullish weekly chart...
On March 16, 2020, the stock hit a low of around $9.00 and spiked up to where it trades today.
As of today, the 5-Day MA crossed up and over the 20-Day MA - Bullish
Volume is Bullish
PMO is trending up, Bullish
MACD is trending up, Bullish
RSI is trending up and above the center line, Bullish
Stochastic is trending up, Bullish
Accumulation is trending up, Bullish
If earnings are good tomorrow, the stock should continue its upward run.
Please do your own research. This is not investment advice. I am simply looking at the weekly chart in which everyone has access to.
Thank you and best of luck with your trades!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
CBD Oil - pain relieving gainsCBDS CVSI GWPH INSY OTC:EMHTF
CBD oil as extracted from PCR HEMP has many pharmacological/nutraceutical benefits.
* Sleeping better
* Relieves stress / reducing anxiety
* Pain Relief & joint pain - and is non-psychotropic (PCR HEMP contains < 0.3% THC and often less in CBD Oils)
* Epilepsy and epileptic seizures
* IBS/Crohn's disease studies in process
* Helps immunity and found to reduce cancer
* Reduce risk of diabetes
* Reduces nausea and vomiting
* Alleviates skin irritations & itching (psoriasis)
All of these stocks offer various growth options in CBD Oil.
APHRIA correction plus - over bad acquisitionAphria acquired a bad asset and is reported to be a shell company now. Down to pre-2017 prices and shown here compared to Canapy Growth, Tilray, Cronos (Aphria trying to acquire) and Aurora.
Watching for high $2 entry. Like watching GE go below $7. Bottom feeding.
ICC Labs - break-out Aug 21About: ICC Labs ICCLF
ICC Labs Inc., through its subsidiaries, produces and sells cannabis in Uruguay. It offers recreational cannabis, medicinal cannabis, cannabinoid extracts, and by-products for medicinal, recreational, and industrial use, as well as industrial hemp. The company is headquartered in Vancouver, Canada.
Blocked at the border?
Break-out Aug 21 on MACD, buylongselllong @MarxBabu, and CCI using 1 day chart.
Note for own use. Industrial HEMP & Cannabis stock, Uraguay?