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Trulieve Cannabis Corp - $TCNNF Chart AnalysisTAKE A HIT OR LET IT SIT My last chart analysis was meet with pivot targets confirmed, but with this last few days of trading made me go back to the chart and investigate. Thursday (May 4th) this cannabis ticker (like a couple other marijuana stocks) sold a little more than what I was expecting. This over sold zone would mean that my last 3rd to 4th correction via primary cycle would need to adjust with this new data. The MACD also confirms, breaking out of divergence, that this is a continuation from the 1st semi-impulse correction. I was targeting $13 for the correction and TCNNF went to $12.77. The oversold data means my daily semi changes the weekly semi, which changes the interval, thus making new primary cycle data points, yay! With the alternation/cycle correction taking place throughout the summer and selling off via 5th wave the rest of year. I believe my last floor for this pot stock was targeting $9, but this new theory makes $7.35 as a start to caught this extra weight and $6.80 - $6.30 as the possible floor for a cycle correction.
OTC:TCNNF
by happytree614
Advisor Shares Pure US Cannabis ETF - $MSOS Chart AnalysisTAKE A HIT OR LET IT SIT? Just about to pivot on the interval cycle via 3/4 wave, I would expect to see a small correction that might be usable for a long swing for $1 gain (or more), but will begin to sell and continue this downward trend through out the summer. Shaving another $3, I can see this cannabis ETF possible catching ground around $14.5 - $14. Hard to judge since that isn't any previous volume to support this ticker, but could present a cycle correction worth playing. MACD is showing divergence, so I would assume this divergence will carry on through out the 5th wave.
AMEX:MSOS
by happytree614
2
AdvisorShares Pure US Cannabis ETF - $MSOS Chart (Cont.)At the start of the week I hit my weekly semi-cycle 3rd leg and on Tuesday, my interval daily cycle hit the 5th wave. I was looking for a semi-correction, but instead was surprised by Thursday (yesterday) price action sell even more. So, I went back to the drawing board and calculated some more data -- This might be way too early to call, but here we go. $15.13 was my price target for the start of a semi-correction, selling down to $13.70 was unexpected, but with new data, I think I see what's going on here and makes it a very interesting oversell action. I believe we will see a summer correction through the next few months, north +$18 to and depending on the force of the correction, it could kiss $20 before finally selling off for the 5th leg, which could see $8 by next year. With this is motion, I believe while most individual ticker appears to want to correct around the Aug timeframe, MSOS looks to start the sell off of the 4th wave, which I suspect will be the end of the ETF in general as August will bring legalization and allow anyone/everyone to start investing in which ever stock they want, no longer needing such basket holding cannabis tickers. Could be wrong though 🤷‍♂️
AMEX:MSOS
by happytree614
2
Green Thumb Industries Inc - $GTBIF Chart Analysis​TAKE A HIT OR LET IT SIT? On the weekly chart, $GTBIF has flexing big highs and 'Debbie Downer' lows, can the 420 spark enough buzz to get investors back high? Correction ('ABC' / '12345' Interval Completes) - Now 4th-5th wave, expect divergence via MACD throughout until cycle completes. With the POC around $9 (history), expect the Middle of May selling to continue into the summer. $13.50 looks like a good mid point, collecting itself before last selling with a final landing zone around $11.60 to a possible $10.50 to finally catch the volume before correction.
OTC:GTBIF
by happytree614
Cambria Cannabis ETF - $TOKE Chart AnalysisTAKE A HIT OR LET IT SIT? On the weekly chart, $TOKE has sold out of the alternative semi-correction which has lead the price action south to the 5th wave of the semi-cycle pivot. MACD divergence seems to be peaking through the weekly signals, applying towards the 4th-5th alternative correction timeframe and assume this divergence will continue displaying throughout the primary 5th wave. Since the ticker tag is under $10.19, I believe the semi-cycle correction is done and over with and will be on the south side of town until the 5th of the primary cycle target, which I think will start to gain traction around $8.35 -- $7.63 (wave 1 polar) possible floor for cycle correction. *Bonus thought: This seems to be selling without Aug. and leading into Sept. With Cambria Cannabis ETF holding a lot of Canadian stocks, one might think this continues to sell when the US cannabis stocks are ready to make a correction move in Aug.
CBOE:TOKE
by happytree614
Ayr Wellness Inc -$AYRWF Chart AnalysisTake A Hit Or Let It Sit? AYR Wellness seems to be following the overall cannabis index trend, but can this stock light up before the others?​ On the weekly chart, Ayr Wellness looks to be almost wrapping up the 5th wave, which I believe will start around $8.11 and possible catch a ground about $7.42 following a cycle correction early/mid May. The MACD has been displaying divergence across all of the 4th to 5th wave, it will be interesting to see if the correction brings a corrected MACD. I am likely setting an alert around 7.60 to start watching this ticker and see if the impulse correction and bring a good swing play not. After a few of these cannabis charts, a mid May correction seems sector wide, for most US companies, so this (like most) should have a ' proceed with caution ' sign.
OTC:AYRWF
by happytree614
AdvisorShares Pure Cannabis ETF - $YOLO Chart AnalysisHIT IT OR LET IT SIT? AdvisorShares Pure Cannabis ETF (YOLO) on the weekly chart shows dirty bong rips leaving long investors mad their not getting the high they want. Not going lie, this chart made me scratch my head, until I brought the monthly candles and it started to make since as it appears who ever is shorting this ticker, must be working on a +T25 (*winks)... MACD isn't showing any divergence, I would assume it is being held off until correction time, which could push a little confusion on the retail investors timing their entries or exits. I would expect a small amount to still shed off current price action as I feel $7.53 will start to catch and likely start the semi correction and pivot before the last sell off, which as most cannabis stocks, looks to sell off end of May into the summer and reground in Aug. Likely seeing $6.37-ish
AMEX:YOLO
by happytree614
Village Farms International Inc - $VFF Chart AnalysisTAKE A HIT OR LET IT SIT? Village Farms International Inc is on a mission to get you high, but are investors getting high on their own supply? -- Let's take a look at what they're smoking... On the weekly, $VFF looks like it's just completed it's primary 4th wave and on the last leg down on the 5th wave. Expect the MACD to start showing divergence as we near the complete impulse wave near $3, if price action slips right past, expect $2.38 to be area of strength for support. As much like most of the cannabis sector, expect this cycle to wrap up and be ready to smoke around Aug. 5th or so...
NASDAQ:VFF
by happytree614
Global X Cannabis EFT - $POTX Chart AnalysisTAKE A HIT OR LET IT SIT? On the weekly, it appears POTX is just getting out of the interval correction, moving along into the 4-5 waves of the primary. The MACD started divergence right after the 5th of the interval, so I would expect this divergence to continue throughout the 5th wave of primary, hopefully making the correction easy to read. I believe we will start to see some support levels around $3 and likely $2.80 to carry the rest of the falling volume before the primary will start to correct, that is only if this EFT is still worth of its' investors. Look for this correction to start around 1st-2nd week of Aug. if one is to take place.
P
by happytree614
WM Technology Inc. - Weed Maps $MAPS Chart AnalysisTAKE A HIT OR LET IT SIT? On the weekly, $MAPS appears to be smoking on the Bobby Brown and following suite via cannabis sector from Feb. '21, but can this ticker start puffing on big clouds to get some investors high on profits? - Soon, soon... As it sits right now, we are completing the 4th wave down. Turning into the 5th, I would expect to see some MACD divergence, but worry not if it doesn't peak through as it might hold off to confuse some investors while on the correction. Like most of the cannabis sector, the 5th wave will be getting ready to finish in Aug. I see $2.65ish as a safe net to start catching most of this fallen volume and likely able to support this weight around $2.10 before trying to correct.
NASDAQ:MAPS
by happytree614
Cresco Labs Inc - $CRLBF Chart AnalysisSPARK IT UP OR LET IT SIT? Cresco Labs Inc. has been trading south with some funky price movements, but can this 'funk' produce some good highs? -- No. On the weekly chart, #CRLBF looks to be starting it's 3rd wave on the interval cycle and will push price down considerably the next week or so before tapping in the help of the 3/4 correction wave prior to crushing the 5th wave down. Like most of the cannabis tickers being shorted, this correction could see a $1 swing play, but I would proceed with caution as this correction will likely be covered and shorted the same day (super fast) in order to trap more bulls on the way down. $4 seems to want to start the support zone of this impulse wave, but likely will push price down more before what could be the correction of the cycle in Aug.
OTC:CRLBF
by happytree614
Columbia Care Inc - $CCHWF Chart AnalysisSPARK IT UP OR LET IT SIT? Columbia Care Inc, following the overall cannabis sector, has been displaying 'Reggie Miller type highs' leaving investors wondering if they will get a playoff buzz. On the weekly chart, $CCHWF has been hotboxing inside a running-flat, but on a daily it appears as a reverse symmetrical triangle, will it pop out fresh or need a weed nap? Just breaking out of the Running-Flat extension, via 3rd-4th wave, I would expect the MACD divergence to correct itself on the way down before the cycle correction I see hardly any volume under the $2.45 area of support and assume it will drop below that until $1.80, there we could see if a cycle correction is possible, but be weary as last time this cannabis ticker was in that zone, some may have panic and sold pushing price action down to $.70's, which could happen again, giving the weight of recent volume that this weak support as to hold up. As for me, I don't think I'll be hitting this joint anytime soon, but will keep an eye out mid/end of May for possible swing.
C
by happytree614
Trulieve Cannabis Corp - $TCNNF Chart AnalysisTAKE A HIT OR LET IT SIT? Trulieve Cannabis Corp. ($TCNNF) is currently on a downtrend, which from the start is clearly picking up pace as we reach a critical volume channel that didn't have much in 2020 and will look to replenish. After a primary correction, the cycle of a downward impulse will continue selling until we reach around 15.77-ish and will act as a small correction, which might give long investors a swing play opportunity if conditions present themselves (could produce $2 gains). With MACD divergence starting on primary correction ('C'), it's likely this divergences will continue through out the 5th wave down. After a short correction, Trulieve will descend again to low $13 and by that time everyone still holding will likely sell as I still see this ticker selling off until a sage loading zone under $10. This has potential to hold after the interval 5th wave completes (around $12.70 - $12.30), if that's the case, the correction could be what ends the primary cycle down. An alert at $13 will allow me to revisit this cannabis stock to think correction play.
OTC:TCNNF
by happytree614
Ascend Wellness Holdings Inc - $AAWH Chart AnalysisTAKE A HIT OR LET IT SIT? ​Ascend Wellness Holdings Inc is currently on a downtrend (duh), which just came out of an extension, starting end of February ('ABCDE'). Ascend Wellness ($AAWH) is currently cashed for me and I don't think I will hit this joint for a while. At time of prediction, the current stock price movement was in a running-flat extension and saw no point entering the trade. On March 10th, '22, the stock price was around $3.99, which dipped 5% next day, only to jump up 13% the next day $4.27 and then sold +12% the very next day. That's that type of hits I don't like. Currently, I see this bear trend will continue to produce a lower lows for a while until we get around $3.30 (for a small possible correction) and if it doesn't hold true, the ticker will likely be sold for a bit longer, down towards $2.60 ($1.4 end game PT if all hell breaks loose). I will set an alert around $2.90 (as it makes it's way down to my $2.60 target) to revisit this cannabis ticker and see if there is a correction that might light up new highs. (Written March 9th, some events may have past).
OTC:AAWH
by happytree614
Planet 13 Holdings Inc. - $PLNHF Chart AnalysisTake a Hit or Let it Sit? The weekly chart shows Planet 13 currently entering their primary cycle of 4th - 5th (right after an interval 5th wave ended). A small amount of divergence is starting to peak through the MACD and I would expect it to showcase more divergences as the week(s) more forward, leaving this cycle to appear almost complete mid May. When approaching the POC target ($1.70-1.75), proceed with caution as the legs on this support table seems a bit wobbly and may be unstable to support all that volume on top and may crash near the prior support of $1.56, which come have a domino effect. As it is, there's no chance I will take a hit of this joint, instead I will set my alerts around $1.75 and see if there's a correction in May. By doing a few other cannabis charts, this may just be a small correction that extends the impulse through the summer, but still could be one to find some profits.
P
by happytree614
Curaleaf Holdings Corp. - $CURLF Chart AnalysisTAKE A HIT OR LET IT SIT? ​ Curaleaf ($CURLF) I would expect to see this the next few weeks to form some kind of flat running/triangle pattern or could be the perfect storm to just drop the price even more. We are currently entering a high traffic zone due to all the prior waves coming hot as they enter their respectful 3rd-4th waves to their final stretch of the 5th. I expect to see some MACD divergence to start displaying on the indicator, signaling the correction and confirming the leg onto the 5th wave. PT $4.62 - $4.11 (with hardly any support underneath, I would expect for selling or some hard flash sales/knives). Since I made the market prediction (Mar. 10th/Twitter post), it's been over 1 month and the stock price seems to behave identical towards my technical analysis. *Bonus Possibility I feel like we'll see some slight movement down to $6 end of April and could see a fast reaction or this will play out as long extension that lasts well into August. The $4.20(ish) stock price movement for the August sell of still stands, but I think we will see this ticker get smoked on a little more and burn this join to the ashes. ​I feel the mid May will have a sell off that will rally some investors to buy more only to have the rug pulled underneath them by August, which will be a good sign for everyone else to start selling as I feel the rest of the year is done for Curleaf and will set a new alert around $3.50 for the end of the year.
OTC:CURLF
by happytree614
Terrascend Corp. Cannabis ($TRSSF) Chart Analysis$TRSSF Chart Analysis On the weekly chart, $TRSSF is currently in a '3-4' leg, forming a triangle wedge, looking to follow through to close out the primary cycle. As prior prediction on March 10th, (sorry, couldn't find my past screenshots to attach, but can be posted in comments?) the stock price seems to want to behave in similar manner towards my chart. I believe $6.06 was the last reach before the pivot and descending move that triggers the 5th wave. As charted, the correction running-flat is also shown with divergence within the MACD. The volume profile starts to look like a blackhole once this area of support is lost. $4.10 - $3.90 appears to show a sign of hope, but I see $3.30 area being more effective, although I feel this downward trend of selling will continue due to the massive support underneath. The selling might continue, filling the void of lost volume form previous timeframes where $2.50 looks like prime real estate before returning to the POC.
T
by happytree614
Verano ($VRNOF) Cannabis Chart Analysis​​​$VRONF CHART ANALYSIS Verano Holdings Corp. has displayed some wacky-tobacky high and low price action, leavening investors in a cerebral haze, but can a 420 session help investors get high as a kite? -- Not likely. Also, I support all healthy cannabis avenues and put neutral in strategy as this is purely educational and follows past and current trend. This will be my first published idea, so be easy one my analysis. I've been seeing a lot of social gurus pump pot stocks that just seemed silly and it really got me wondering if it's possible some of these social media influencers are actually short on a lot of these cannabis stock tickers and really playing both sides of the field. I have no problem with those shorting a short, but when they post misleading charts to get retail involved, it just doesn't sit well. Maybe I am not seeing thing right? $VRNOF is clearing following the same sell off trend as all cannabis sector, continuing all of last years bear claws. Without telling you how much tinfoil I wear, I think it's safe to say the trend doesn't seem to want to pivot towards the upside... not until this cycle completes. On the weekly chart, we see the extension that pivots into a big running-flat around mid Oct. '21. This running-flat hit it's threshold on Fed. 14th '22 and would start the new wave down on the sell side. You can also confirm this transition with the MACD displaying divergence. This new leg down will likely kiss $7.40ish and start gaining some support around $6.70ish and finally seek correction around $6.40ish. I have alerts set for these price amounts and will wait to re-enter my long position if that correction transitions into a bull trend. If you have any thoughts or questions about my analysis, I will be happy to share my thoughts in the comments.
OTC:VRNOF
by happytree614
2
Tilray (NASDAQ: $TLRY): Federal MJ Legalization Vote #2! 🌿Tilray Brands Inc. engages in the research, cultivation, production, marketing, and distribution of medical cannabis products. It operates through five segments: Cannabis Business, Distribution Business, Beverage Alcohol Business, Wellness Business, and Business Under Development. The company provides medical and adult-use cannabis products; pharmaceutical and wellness products; beverage alcohol products; and hemp-based food and other wellness products. It offers its products to retailers, wholesalers, patients, physicians, pharmacies, clinics, hospitals, governments, and researchers. The company operates Tilray Medical, a medical platform that provides GMP-certified flowers, oils, vapes, edibles, and topicals. It has operations in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally. The company was formerly known as Tilray, Inc. Tilray Brands Inc. was incorporated in 2018 and is headquartered in New York, New York.
NASDAQ:TLRYLong
by Bullishcharts
3
Tilray Brands (USA: $TLRY) Investors About To Get Lucky 🍀Tilray Brands Inc. engages in the research, cultivation, production, marketing, and distribution of medical cannabis products. It operates through five segments: Cannabis Business, Distribution Business, Beverage Alcohol Business, Wellness Business, and Business Under Development. The company provides medical and adult-use cannabis products; pharmaceutical and wellness products; beverage alcohol products; and hemp-based food and other wellness products. It offers its products to retailers, wholesalers, patients, physicians, pharmacies, clinics, hospitals, governments, and researchers. The company operates Tilray Medical, a medical platform that provides GMP-certified flowers, oils, vapes, edibles, and topicals. It has operations in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally. The company was formerly known as Tilray, Inc. Tilray Brands Inc. was incorporated in 2018 and is headquartered in New York, New York.
NASDAQ:TLRYLong
by DEXWireNews
4