CRONOS pot stock outlookPlenty of support zones from fibonacci levels, trend lines, and previous resistance.
I'm expecting pot stocks to generally remain bullish for 2021, just look for healthy corrections from time to time like I've illustrated here.
$8.50 might trigger a lot of stop losses so keep an eye out if we get to those levels.
Marijuana
LONG INVESTMENT ALERT: URBAN-GROURBAN-GRO
I think this might be a big one folks...
Excited to be first post on this ticker since it recently got listed on NASDAQ.
It seems like it could pay off short term but def a LONG hold here.
I believe if you have any pot stocks in your portfolio this would definitely be a good addition. (i.e:CRCLBF/UGRO/SMG/SNDL/CGC)
*Please like if you find this post useful ALSO if you have any insight on this company feel free to post a comment, thanks*
www.urban-gro.com
Sector : Commercial Services
Industry : Miscellaneous Commercial Services
Urban-Gro, Inc. is an agricultural technology systems integrator. The firm engages in manufacturing, distributing, and selling lighting, pest management, fertigation, and water and other products to the medical and recreational cannabis industry in states where operation of a cannabis production facility has been legalized. It also provides full design and expertise on climate and automated control of fertigation and irrigation systems, lighting systems, environmental, substrate and inventory monitoring, water treatment systems, and integrated pest management solutions. The company was founded by Bradley J. Nattrass and Octavio Gutierrez on March 20, 2014 and is headquartered in Lafayette, CO.
Trade Alert part 4 : SNDL $4 then $7SNDL is not just a PUMP, though it did get pumped harder than I expepcted! No worries if you bought @ $3 since this will still be going up. Average down traders..
SNDL will be at least in double digits range this year but lets focus on getting back to $4 resistance and $7 Price Target first.
Buy the dips..
Good luck!
CGC - money really does grow in the canopy!Buy the dip.
Just wait for that buy signal to fire and go long. Additional confirmation is the macd cross while stock stays above 200ema. Cheers! Grow!
“In forest ecology, canopy also refers to the upper layer or habitat zone, formed by mature tree crowns.”
Getting In Before The Boom (MJ)A lot of stocks are booming. Big tech has seemingly been on an endless uptrend, as society has become efficient to a fault. We have been struggling with this pandemic for a year now, but we're starting to see some sort of "end" on the horizon, despite a lackluster vaccine rollout in many places. Once things open up again in places hit hard by the pandemic, I think we will see a LOT of partying. People will also be burdened with enormous amounts of anxiety. Couple that with a need to let loose after a mini "dark age" and I think Marijuana will see a huge amount of demand. Universal legalization is also around the corner in the US. It should also happen quite soon in New York.
I originally had my eye on pot stocks back in 2018, but decided to purchase only crypto. This actually ended up being a lucky financial decision, because crypto has generated profit for me, while buying pot stocks would have given me sideways price action at best. Based on the sector's reaction to the lows, I think we can finally see a sustainable run in pot stocks. I bought MJ (the weed ETF) because it's protected from the volatility and uncertainty in individual stocks like TLRY or CRON. Some of those might offer great returns, but MJ's dividend payout is over 3% at the moment, which is pretty nice. I don't think this is a terrible choice for a long term investment, and I have to start somewhere. Sure, if the market falls apart, MJ could test the lows again (near $10), but I would take this as a buying opportunity. My plan is to dollar cost average.
From a technical perspective, if MJ breaks out from this horizontal resistance (pink on my chart), it can go to all-time high fairly quickly. I'm eyeing a possible rejection here as well, which could give me another buying opportunity.
I have bought twice recently, with a $19.59 average entry so far. Looking for all-time high valuations and price discovery. Let's see!
This is not financial advice. This is for personal use, speculation, and entertainment only!
-Victor Cobra
Corrections in the Cannabis Markets (YOLO / TCHX)If you are betting on teh weed stonks like me, we are having a rough day. Everything has been running hot this week, so I'm expecting these downspikes to bounce off of support points from earlier in the week.
Keep hodl on these for long term. This fall Connecticut is likely to vote in legalization. New Mexico, New York, Rhode Island and Virginia also have legalization measures on the ballot.
www.marijuanamoment.net
We're extremely likely to see more legalization in more states over the next few years. Cannabis legalization is polling higher than minimum wage increases:
www.marijuanamoment.net
Tilray® to Import Medical Cannabis in the UKTilray® Announces Agreement with Grow Pharma to Import and Distribute Medical Cannabis Products in the United Kingdom
Grow Pharma will distribute Tilray’s GMP-certified medical cannabis products across the UK
New UK agreement gives doctors and patients access to a sustainable supply of Tilray’s pharmaceutical-grade medical cannabis products
Tilray expects to have a range of GMP-certified, medical cannabis products available for patients in the UK by March 2021.
finance.yahoo.com
MO Long! [Target: $50] Looks like the formation of an ascending triangle bottom reversal. In addition to the chart pattern, this stock currently has an 8.1% dividend yield. If this stock trades sideways you can still book an 8% annual return. Never mind the ability for this company to enter the marijuana market at scale. As I've mentioned in other posts, I expect to see some capital flow from growth stocks to value stocks. MO is a great target for those looking for cash flow and large dividend payments. This is a great way to diversify your portfolio.
**Not financial advice, do your own research**
One marijuana stock set to make more movesI've been observing this for a while. Please do your own research. This is for education purposes only
Two lowest lows in yellow.
It broke, tested and failed 4.20 as a wall many times. Will it be support in the future?
There may still be some upside to it marked in Blue Lines
Any advice or suggests or comments would be apprciated
Increased CBD Sales Could Boost $PDPR over .05 from this level$PDPR Has been steadily gaining the last few days and no wonder why, the company has a strong presence in the CBD market and should be updating shareholders on its increased CBD sales from the last two years.
As the Biden administration decriminalizes Marijuana, CBD and Hemp products as a whole I expect the whole market to increase dramatically the next year or two.
PT .05