Legalization
Cronos Group continues descending channelCronos group is currently trading within a steep downwards parallel channel. My expectation is that this channel will break within a few months, steep channels like this rarely last this long on non logarithmic charts. I would love to buy an accumulation towards the bottom.
Where I think we are in the Cyclelast year when we touched a new 52wl the bullish rsi divergence was broken, but shortly recovered and remained on its path the stock gained 175% towards earnings. Could repeat imo. Not investment advice
Cannabis will reach the US... sooner than later!Recent significant events:
House Passes Bill to Protect Banking for Marijuana Businesses
Measure would prevent federal regulators from penalizing institutions that serve companies operating in states where cannabis is legal. // September 25th, 2019
House committee approves landmark bill legalizing marijuana at the federal level
The House Judiciary Committee (Democratic-controlled) approved a bill that decriminalizes marijuana on the federal level, removing it from Schedule 1 of the Controlled Substances Act.
The legislation, which passed 24 to 10, has a high chance of approval in the full House where Democrats control the chamber with 234 seats. It’s likely to face a tougher battle in the Republican-controlled Senate, where Majority Leader Mitch McConnell opposes marijuana legalization. // November 19th, 2019
There is no date for the senate to review the bill; we could see large volatility then. (will update asap)
Technical analysis:
Volume on the ladder of the events created the 3rd largest volume daily since MJ ETF was created (2016).
20SMA is our nearest resistance.
--Keeping cannabis related stocks/ETFs closely watched.
$SGDH Massive surge after being the first dispensary approved CO$SGDH Colorado passes the new MJ law on November 1st setting off the first major catalyst for this which just recently got approved and is now the first publicly traded Dispensary/Grow MJ Company out of Colorado.
Chart was made 2 weeks ago, POT/BTC bottoming out hereSo much FUD online about this coin, it's just on the floor. Look at that market cycle I drew 2 weeks ago :)
Pressure building inside wedge!RSI and price charts are showing concentrated pressure. Probably gonna pop a bit here soon. We're really close to the all time low points from the past, and honestly $1 seems like a great value for this stock. Got me 200 shares. Planning to hold until year's end or late spring depending on when it REALLY pops.
Watching ACBFF for BreakoutLooking for a Daily (preferable 3Day) close above the outer triangle.
That's right, guys, two triangle memes...Superior pleb mode engaged.
Seriously tho, i'll usually make the triangle meme for Candle Closes and a secondary one marking the tops of the wicks.
This 'Technique' is similar to marking liquidity zones and Order Blocks. It lets me know if this is a breakout or just another stop-run.
Usually that's what these meme lines follow, order blocks and liquidity zones on the VPVR (if you're placing them correctly).
My Average for ACBFF is ~$5.86.
BLEVF may rise after pot legalization vote in CanadaThere was a vote scheduled earlier this year for legalization which was later rescheduled. Rumor has it that there were not enough votes to pass initially, which may have contributed to some kind of reschedule. This measure is estimated to potentially create a 4 billion annual industry in Canada, and the sentiment is that it will pass over the next few hours.
BELVF fell hard after the prior vote was rescheduled, resulting in a nice boost in volume and a recovery in May after bouncing off of it's mid/long term ascending trend line (in light blue on the chart). We have since seen a consolidation over past weeks in what I think is an anticipation of a positive outcome on the ballot. I expect a rise as per the charts with some stops/consolidations/tests of resistances and fib levels on the way up.
KSHB is doing too well. Makes picky entry difficultGrab any under $5's. Any under $5.10's is okay too.
$SGDH A Mega Marijauna Play In The Making Similar to $CGRWThere is a lot to say about $SGDH that hasn't been said already on this site, I've decided to make this the first chart of the stock with updates to follow over the next several months. This stock will also be placed in my portfolio as a long term play alongside $BYOC for the 2018 trading session.
SGD Holdings Ltd. Announces Completion of Geological Testing at Extraction Facility Construction Site in the Colorado Buffalo Ranch in Huerfano County Colorado
PUEBLO, CO, Jan. 11, 2018 (GLOBE NEWSWIRE) -- SGD Holdings, Ltd. (OTC PINK: SGDH) contracted with Jesik Consulting, jesik.us for Geotechnical Engineering Services through property owner/developer, NuGro Industries, Inc. Jesik Consulting has provided geotechnical services, and will be providing civil engineering, and inspection services for a new commercial building to be built on Lot 61, Filing No. 5-Colorado Buffalo Ranch, Huerfano County, Colorado.
SGD Holdings Ltd. Announces Completion of Survey Work at Extraction Facility Construction Site in the Colorado Buffalo Ranch in Huerfano County Colorado.
PUEBLO, CO--(Marketwired - Nov 28, 2017) - SGD Holdings, Ltd. (OTC PINK: SGDH) contracted with the State Licensed Survey Co of BH2 Land Surveying, LLC, via NuGro Industries, Inc., to provide surveying and staking of the building site at Lot 61, Filing No. 5-Colorado Buffalo Ranch, in Huerfano County, Colorado. The work was completed on November 16, 2017.
Delmar Janovec, CEO, states, "Since this first step has now been completed we can bring in the Architectural Site Planners to complete the CAD design of the site and facilities. The Site and CAD drawings will be submitted along with all mandatory documents for the amendment of the approved and in-place Conditional Use Permit (CUP) for the site acreage. The property owner and developer, NuGro Industries, Inc., has committed to moving forward with construction planning and preparations in anticipation of the temporary moratorium being lifted by the Huerfano County Commissioners in Q1 of 2018."
CannaGrow Holdings Participates in Huerfano County Regulations Workshop and Announces New Planning Phase toward Second Facility
GREENWOOD VILLAGE, CO--(Marketwired - May 17, 2017) - CannaGrow Holdings, Inc. (OTC PINK: CGRW) -- A Liaison and Consultant providing turnkey solutions to licensed growers, CannaGrow Holdings, Inc., representative for NuGro Industries, Inc., announces their participation in an important Huerfano County Commercial Marijuana Regulations Workshop and their initiation of the planning and development phase for the construction of a Cannabis Extraction, Processing, and Infusion Laboratory Facility on three acres recently sublet to SGD Holdings, Ltd (OTC PINK: SGDH).
CannaGrow Holdings Announces a New Build to Suit Sub-Lease With Tenant at Colorado Buffalo Ranch
SGD Holdings, Ltd. Executes Build to Suit Lease Agreement on Three Acres for the Construction of a Cannabis Processing and Extraction Facility
GREENWOOD VILLAGE, CO--(Marketwired - Apr 20, 2017) - CannaGrow Holdings, Inc. (OTC PINK: CGRW) - As a Liaison and Consultant providing turnkey solutions to licensed growers, CannaGrow Holdings, Inc. announces the execution of a Build to Suit Sub-Lease for an Extraction/Processing Facility with SGD Holdings, Ltd. (OTC PINK: SGDH) on a three (3) acre lot at their Colorado Buffalo Ranch Filing No. 5-Lot 61 Lease.
(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
Rocky Mountain High BrandsMomentum play from the California legalization hype surrounding weed stocks in the United States. Still time to get in.
OWCP is not going to the moon.While many fans of marijuana stocks are pointing towards an upward move, i am sure that this stock has reached it's peak for a long time now. The chart shows a lot of stagnation and resistance near 0.70 and the stock could dip lower anytime now.
Many factors point towards a red flag:
1) This company is based overseas, and conducts research overseas, meaning there are very few ways to monitor their progress when it comes to their claims.
2) This is still a pennystock, while some might be tempted to take risks, the slightest mistake by the company will cause investors to lose all their money, rapidly.
3) If the pharmaceutical research fails, the owners could dump their shares knowing they cannot profit further from this venture, causing investors to lose their money.
4) The only product they got going for them is a skin cream, and this has very little impact of the market as it is.
I see people pumping thousands into this stock hoping for an easy pay day, don't do it. Wait until it dips and take the risk on a smaller scale, if it goes up, average up and rack in the money. Is this a pump and dump ? Judging from the company's audited statements, probably not, however they are walking on thin ice here, so don't jump into the hype.
Mettrum Health Corp - Ascending Traingle Breakout?What do you guys think? It's been in consolidation for so long now. Poised to break out?
