New heavy support, upward consolidation.On this Friday's chart, you can see that we have bounced off the light support line and closed above to a nice little upward consolidation right in the middle of the channel. The main support at 18.66 is now confirmed as heavy support. Today's final candle closed with a slight green hammer, which could indicate a positive Monday open, taking us towards 18.69. If we can't bring in some volume however, this could turn into a giant bull flag, and stop loss should be in place at ~18.70.
Thanks for viewing my charts!
Marijuana
Get on board the XXII express!If XXII fails to break previous resistance level I would get out and cut losses if you are a bull trader...bears might stick around and reap the long term benefits coming up this year. If you are a swing trader such as myself, check for that 3.20 to 3.40 if XXII breaks that previous resistance level and creates a new support by the end of the week.
Broke my neck.. looking for some support.Stocks are the only time breaking your neck can be a good thing. But it is usually scary for a bit afterwards. Some big volume came in and sent us shooting right past the 78.6% retrace, but right back down again as volume petered off and we look for support. Today did close with a minuscule green candle, sporting a small shadow. This could mean we might test the somewhat weak support level at 11.80, possibly falling where the MACD13 hits this line. If it goes below there, we are most likely going to test ~10.90 lightly. Let's hope it bounces off current support, consolidates along the 78.6% as it re-tests the zone it shot past earlier, and then up towards 13.10.
Thank you for viewing my charts!
WEED update, bouncing off of fib. Coming down price action has bounced off of 50% from peak to peak values from the high in the 40s to the low in the 20s. Now looking with strong downward pull from bears. The retrace is almost surely over and this stock will resume its downtrend for now most likely.
SIGO Daily - BullishDaily Chart Analysis:
-Long term bullish trend
-Trading at low bullish volume
-Sitting above 30/50 ema lines
-Stochastic Indicator overbought territory
-Target prices
- 2.04
- 2.64
- 3.22
- Possible retrace to 1.43 and future corrections as we test new highs.
----
OTC link, llc part of otc market group was witnessed in the trading book buying 4k shares @ 1.65. part of otc market group. = Poss MM
going testing upper trend linewell see if it breaks above falling channel or bounces downward to continue downtrend.
Short term long with high risk. First target looking at 2$. if it breaks above, momentum could carry it a bit further maybe 2.25$ however unlikely since the current bounce that we are experiencing is relatively low volume.
3 perfect drives. resuming downtrend3 nice little waves to retrace huge losses from earlier. Losses happened to fast so we get a nice retrace. trade from earlier netted 28%.
Position now closed as it should bounce off upper trend line and resume the down trend.
$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.
breaking mid term downtrendBTC with a bullish move out off the downward channel, looking very good short term
Cronos breaking through channel MJN breaking through falling channel after being added to the Nasdaq.
Good chance to continue upward trend. Look for pullback entry point
might test top of wedgeA few factors lead me to believe this stock might make a short term reversal.
First, RSI showing that bear strength is getting weaker. Additionally it seems to have formed a very short term double bottom (can be observed better in a short term timeline graph). On top of this price action could bounce off of 24% fib.
The trading range is decreasing as the wedge is getting more narrow, i wouldn't be surprised if the price action were to test the upper limits of the wedge if not break it altogether.
Well have to see how this develops till the end of the week
Can't do it Captain, she don't have the powah.As we can see it has broken below the previous support line and tested twice, confirming the new positioning of the line of resistance. I have also redrawn a slightly longer chart, with a bigger Fibonacci snapshot and new downward trend line that was squeezed down to meet the upward trend that we were previously starting to form. That line has also been taken back to a further re-test point, so it gives a clearer indication as to where it will most likely bounce off of for the re-test of 9.00. If for some reason it decides to straddle the 0.618 retrace for some reason, it will inherently smack off the newly created downward trend line, as there is not enough buying power to reverse any time soon. It will be interesting to see how well it holds up from then, until the time of legalization.
HEMP: Potential Bottom at $0.89?Observations:
Whenever there is a massive uptrend at such an alarming pace, we always see long drawn out corrections.
We see the next fib level support is at $0.89 which could potentially be a buy zone.
Also included some thoughts around the timing of the correction but I would take those with a grain of salt.
Fundamentally, this company is going through some transitions and I believe in them for the long term.
Disclaimer
For informational purposes only and not deemed as financial advice.
Thoughts on Aurora?We can see that it it has held support at the .382 fib line, hopefully it can hold. Do you think it will continue sideways or breakout after being squeezed into the triangle?
patience is key, buying opportunity coming up!ACB flat-lined a bit as described in the post linked below. making a small consolidation and is now starting a retreat to a hopefully oversold price (maybe sub $7.00 hopefully).
I want to draw attention to the big head and shoulders pattern that has formed. If the price were to break under $5 Id be very worried for the long term outlook for this stock. That being said I'm bullish on the weed market still, and i'm betting on a strong refusal of this pattern given the current bullish state of the Canadian marijuana market.
This is a long setup but short term short.
HMMJ: Extended CorrectionObservations
Extended correction through an ABCDE wave pattern.
Charts still bearish as 55 EMA is above the other EMAs on 3h timeframe. Price trend also well below 55 EMA.
RSI is also downtrending making lower highs.
Continued pressure across the stock market (i.e. Dow Jones Index is still looking to correct further)
Keep a close eye if it breaks down further. Possible buy zone at the previous low of $16.53 and 0.618 fib level (i.e. $14.86)
A significant break above $20.28 and 55 EMA support would be good indication of an uptrend to a possible impulse wave.
Disclaimer
For informational purposes only and not deemed as financial advice.
butterzone for another retraceLEAF has been rebounding since it hit a low after all time high at 24% fib. Now its in the butterzone for another retrace, especially for how fast its gone up, will make for a good buying opportunity.
Short for now, pick up between 16 and 17$
ADVT looking bullish...thank Canadian bears & compliance lawsWhat do you guys think?
I say it breaks out based off the increase in volume, and the fact that the Canadian markets haven't affected ADVT. Why? They're based in Newport Beach, California.
Here's some fluff:
globenewswire.com
Also my thoughts in general:
-ADVT looks like a solid company from the top down with expansion in mind, a 2018 projected exponential increase of earnings, and new orders
-Ancillary companies will benefit from cannabis industry without the risk of dropping cannabis prices
-The compliance (ie, packaging) industry will be substantial because as states or countries legalize, compliance laws go into effect (opaque, child proof, etc), companies like ADVT are necessary.
www.leafly.com
-Ancillary companies aren't bound by state borders like cannabis producers
-Companies first in to secure contracts to big producers, have money behind them, and will likely be the biggest in that industry niche
-Canadian marijuana stock sellers in search for those crazy returns after the Canadian cannabis market started consolidating after that insane bull run.
-US Cannabis market is volatile but cheap, so a mass of people are looking for cheap stocks with growth potential
I guess we'll see.
I'm going long.
HVT: Extended CorrectionObservations
Lots of MJ stocks following the same correction path. Extended correction through an ABCDE wave pattern.
Charts still bearish as 55 EMA is above the other EMAs on 3h timeframe. Price trend also well below 55 EMA.
RSI is also downtrending making lower highs.
Continued pressure across the stock market (i.e. Dow Jones Index is still looking to correct further)
Keep a close eye if it breaks down further. Possible buy zone at the previous low of $0.99 and 0.786 fib level (i.e. $0.86)
A significant break above $1.35 and 55 EMA support would be good indication of an uptrend to a possible impulse wave.
Disclaimer
For informational purposes only and not deemed as financial advice.
EAT/SPLIF: Extended Correction Observations
After a super extended wave 5 move at an alarming pace, we have been going through a fairly long correction phase.
We may have entered into what is commonly known as the "hurry up and wait" syndrome, where we rushed through the impulse wave and then carry out long correction from the previous high.
Charts still bearish as 55 EMA is above the other EMAs on 3h timeframe.
RSI is also downtrending making lower highs.
I believe in this company fundamentally long term but one must be patient with this correction if you are looking to enter or currently holding long term.
Disclaimer
For informational purposes only and not deemed as financial advice.
ACB updateSo were completing the correction waves here. Still making nice fib bounces with today's confirmation candle. It looks like were headed for the final bottom here shortly, within the next week id say. If this happens it will shake all the weak hands that bought around 12-14$ and well get a nice bounce at 24% or 32% fib are my two buying targets (7.4$ and 5.6% cad). Well see for sell targets if these buy targets even get filled in this long setup.
$LVGI Prepares for Platinum Distribution Status for + Rev StreamLimitless Venture Group Inc. CEO Joseph Francella has moved the company at a very fast pace, having already uplisted the company from Stop sign to Pink Current status he updated his twitter followers earlier last month that he was moving to get 3 of the hempcore products available to his Ascend Global Services distributors, also setting up $LVGI as a platinum distributor for additional revenue streams.
From what we've seen so far I can almost guarantee we see a PR update on the progress of those ventures.
I will update further.
