Get started

IIPR

IIPR Ebb and flow? Kinda drafting this idea. Might expand on it. ________________________________________ MJ ETF at the bottom but still needs time to turn. LOST A TON in the last 5 days. LIKE 20%. VERY good price for this but A LOT of MJ stocks are at CRAZY discounts. TLRY CGC CRON NEPT! This has not fallen like them. ... Is money shifting from ETF back to individual names.... Most names seem to be turning a corner at the bottom MAYBE. Not confirmed yet. WATCH THIS MONDAY for oversold bounce REGARDLESS, but be ready for even LOWER. It can always go lower. This could be an ebb and flow thing. The ETF goes higher while individual names fall then it changes back. No holding this but maybe short after a bounce if individual names continue up. Does have a dividend.
NYSE:IIPR
by Noxtreme
CGC Two Sided TradingCGC is beginning to develop some two sided trading and transitioning into a broad bull channel / bull flag trading range. (All channels are a form of a slanted trading range and ultimately evolve into a large trading range). Prices are currently around the middle of the trading range, where the directional probability is close to 50/50. The high 2 buy setup a few weeks ago failed to get bull follow through. The bears want a test of the 28 low and a breakout below. The bulls want to keep the 28 breakout gap open as a sign of strength and create a higher low / large high 2. Prices will likely remain mostly sideways over the next several weeks or even months, as both sides fight for conviction and follow through in their direction. If you found this helpful please like and share! Feel free to comment or ask questions.
C
by tradersmentality
TLRY Bear Break -10% Profits already!Dear Cannabis Sector friends! In our previous TLRY idea we had asked ourselves: Can TLRY repeat what EOS from crypto space did already? (See the link below) The answer is: Yes . And this is the beauty of Technical Analysis: No matter where you go, which market you wanna play, human psychology never changes. A beautiful descending triangle gets broken bearish, which was the most likely scenario -with 10% profits already. We have now reached the previous lows at 70 psychological and could definitely see some bounce going from here, since Hourly RSI is completely oversold. Also, always check correlation to sector leaders like CGC, CRON, etc. But should we keep going lower: You should be very comfortable with your trigger under 75,25 at the latest. Also key takeaway from here: We had broken the ascending bearish trendline earlier, and only after the price level break, we saw the flush incoming. While trendlines work good in the stock market esp. on bigger names, in crypto/cannabis space & with lower volume names, you always wanna see the Price Action & S/R level breaks. If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :) Edgy is providing online education & tools only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
NASDAQ:TLRYShort
by Edgy_
2
IIPR TO GO SHORT SOON?As you can see, market follows a pattern to the upside and it is now at the top of the channel where it should start headed down toward the bottom of the channel. This should bank a good amount of profit on the sell side if you follow closely over the next month or two. DISCLAIMER; Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire. IF YOU SUPPORT MY IDEAS THEN PLEASE LIKE, FOLLOW & SHARE. ~ THANKS! ~
NYSE:IIPRShort
by Dani0
IIPR Very Loose Uptrend VisionJust looking at the short time this stock has been public, and just looking at how crazy scattered the 4hr candles are (not much better on any other small time frames, too few candles on larger ones) I know that I am "throwing lines on a chart" here in almost the typically derogatory way. But this is mostly a framework for me. I have been in this since almost the beginning, and I was really intrigued to see how it behaved on the correction after the presumed New Year's boost it would get from weed legalization in the companies operating state CA. Thankfully, they were able to pull out a much higher earnings than was projected for the first quarter of 2018, and this has helped them keep that momentum going. With a little emotional bias I am calling this a long, though my rational self would say its too hard to tell. The longer the candles linger at those horizontal lines, the more "evidence" they have that this is a true horizontal support/resistance. The more bounces off or, crosses followed by corrections of the channel line are similarly indicative of the correctness of my "shot in minimal light" so to speak. It's the nature of the game with young public companies. MOST IMPORTANTLY WATCH THE BOTTOM CHANNEL LINE. A continued break below this (over 12hrs, I am selling 10% and watching out) may mean my emotions got the best of me and this uptrend is way to generous. Will always keep a little, but will take profits if I see it heading towards a sideways or downtrend. I am the stupidest person I know and none of this is investment advice.
NYSE:IIPR
by poetichigh