CGC
𝗧𝗶𝗹𝗿𝗮𝘆 𝗜𝗱𝗲𝗮: $TLRY Daily. On the Move 👀As long as over 21-22 area (previous resistance) has a shot at making a move towards 30 and this is a name that’s gone crazy in the past. Featured chart from guruhaven.com
$MJ $CGC $ACB $AMC $GME #PotStocks #MemeStock #Stocks 📈
Are Cannabis stocks about to EXPLODE!?This is a higher risk play, I've been buying cannabis for months now. However I think there's a shot still at a MASSIVE catch up move to altcoins. The R/R in some stocks like SNDL and CURLF is still strong.
$GRWG Nearing A Breakout? Cannabis Sector Move?$GRWG Has had positive earnings and after holding the 200 EMA (orange line/Support) has bounced and broken downtrend. This candle held the break in downtrend, but I expect Monday we will potentially retest its resistance around 43.50
Positive Earnings from companies like $CGC and $HEXO in the coming weeks could help push cannabis sentiment, but GRWG does run by itself due to being in the lucrative craft of selling cannabis growing equipment and materials which is perfectly legal and doesn't have to go through a banking run around.
Looking at 47.50 as my first target going into next week. Volume in comparison to previous sessions is low, and with that I wont be taking any sizable positions until I do. $GRWG trading requires high time frame observation in order to verify the price is still in trend, as it isn't a huge daily mover but does tend to gap up quite well.
If we manage a decent run and market willing we could see $GRWG hit the psychological target of $50
Upon a break of $50 my first target will be 53.50 between June and August. $55 as a PT seems to be the consensus amongst analyst.
I will be doing a video breakdown on this tomorrow. To go more in depth.
I actually like the stock
$CGC - Channel- Major - Falling WedgeShort term trade to ATH falling wedge!!
Push Play -- Join the STP community!! Link in description!
CGC at 200 day EMACGC is at 200 day EMA. If it breaks below, it could see $24. I don't have much faith in dems right now to push reform so this rally could turn ugly very quick
CGC - Long Term ShortCGC - Long Term Short
CGC Daily:
- Cup n handle failed, handle should not retrace
further than 50% of bottom of cup.
- double bottom with 2nd touch trending lower
makes a double bottom with less integrity.
- RSI trending lower.
- possibly will continue further to the .618 Fib, but most likely lower.
- playing the bounce back up to $31,
- looking to enter short if resistance is broken at $27.85
Aphria Tanking on Weak Earnings, Revenue MissIf the 100DMA breaks, it's all over. We're at critical support, and it has to hold, else the 200DMA comes into play at 9.10. If we see a notable bounce off broader earnings strength this week (positive ETF flows), we could be in for a profitable bounce of 10-15%...
CGC - Short Term LongCGC - LONG
- Looking for a bounce back up to the upper trend line ($31)
- Double Bottom
- RSI Trending Up
- Stop loss: $28.90
- Profit Target: $31
- Entered long @28.80
- FYI, this stock is BEARISH long term, this trade should only be held if it can break 29.43 Monday morning.
SNDL most active stocksClean chart but patience is required. Can we see the green boom here soon? A break over trend line and I am in.
EDEN - Eden Empire - Cannabis Stock EDEN or EDEN.CN on the CSE (Canadian Stock Exchange) is a new recently listed cannabis stock that is a chain of dispensaries across the U.S and Canada. They also have growing facilities, cannabis cultivation and extraction facilities. They are going to have continued expansion, and have an outlook of $1.00 by the end of the year!
Buy HYFMI have wait admittedly in pain watching hyfm IPO skyrocket. This morning started a big long. Happy to add each, and any further dip, don't bother commenting shorts.
GL all....not much will be needed in three years!
Vertical growing and hydroponics will change the world for the better beyond canny flower!
$CGCStrong trend line - Gotta break down these resistance walls. Hammer candle to a nice reversal. Volume accumulation. This is not financial advice.
CGC BounceNot entire sure how to count that drop yet, but with the hourly price moving above MA8, 21 and 50, we are likely looking at the start of a new hourly uptrend. Time will reveal if this is a B wave or the start of a new motive sequence...
$CGC Primary countInteresting to see a confluence zone for INT3 through extension of Minor 1 & 2 and Primary 1 & 2. Just targets calculated, not the time aspect.
Given momentum and catalysts for the industry, it would be reasonable to assume that the top is not yet in for 2021.
CGC Detailed CountTook me all weekend, but I am confident that this has rooting in reality.
INT1 complete, currently expecting INT2 sharp, but could expand. What a monster to decipher!
CGC Detailed Elliott Wave CountFriday's price action made me take a detailed look at the internals. I've gone over every single minute of this one, and can only propose two 3 wave moves at primary degree where the recent correction entered into (1).
I am confused. Anomaly? 3-3-3 against the trend? Macro trend still down?
March to June 2020 is a 3 wave move. I've seen people assume this to be a 5 wave move, but nobody has proposed a convincing count.
October to December 2020 is 5 waves, heavily distorted when Biden appeared to win and Harris came with her pro cannabis propaganda. (not entire sure if the triple three WXYXZ is not just a double three WXY, but targets remain the same.
Then comes the bit where the entire industry suddenly went parabolic.
Normally, when waves enter into each other's territory, we consider subdividing 1-2-i-ii, but in this case, I see no alternative where such subdivision wouldn't lead to motive waves where the internal third wave isn't the shortest.
In other words, I am confused. Is (1)(2)(2) part of a cycle degree B wave and are we looking at a primary degree WXY? That makes no sense to me.
CGCIf you could the corrective sub waves, it would be reasonable to expect a bounce. Bounce could be impulsive or corrective. Two paths proposed.
$CGC Retest of trend line, meeting MA100As proposed earlier, we got the anticipated retest of downtrend. Meeting MA100 at the same time.
Levels on watch.
