$RNWF JC's 3rd Possible Major Runner Took $RVDO $GRNF Over $2Currently sitting at .01 with the possibility to go to .50-$2 loading level IMO
Marijuana
OGI OrganiGram Holdings, Inc. 242.22% upside potentialOrganiGram Holdings, Inc. engages in the production and sale of medical marijuana. Its products include strains, cannabis oils, and vaporizers.
The annalists give a Consensus Price Target of $4.35.
The company has a 247.024M MARKET CAP with 7M debt.
Debt-to-Equity Ratio 0.25
Current Ratio 5.15
Quick Ratio 1.96
Looking at the volume, it`s just a matter of short time till the indicators will turn green!
If you are interested to test some amazing buy and sell indicators, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
CANNABIS INDEX [NASDAQ:NQNACE]The Searching of a PotStockBottom II
NASDAQ YEWNO NORTH AMERICA CANNABIS ECONOMY INDEX
NASDAQ:NQNACE
RENKO
PriceLine Chart
RSI
RSI + MFI
Turning bullish on CGC, but still might get lower buying oppCanopy had a massive 40x run from 2015 to 2018, and has since been in a prolonged correction. Starting to look like a bottom is forming around the $10-15 range. I began averaging in and plan on building a core position over the next 6-12 month. Looking for a 10x move to $150 area on this upcoming cycle.
ACB - LONG SETUPACB . BREAKOUT OF BULL PENNANT THEN BACK TEST. LOOKS LIKE PRETTY LOW RISK ENTRY. ALSO DOESN'T HURT THAT THEY RAISED PRICE TARGET AT ONE FIRM TO OVER 21 DOLLARS.
Cantor’s Pablo Zuanic maintained an Overweight rating for Aurora Cannabis, while raising the price target from 27 Canadian dollars ($19.89) to 29 Canadian dollars ($21.37).
Long term marijuana and "high" stock pricesI see a lot of potential in HEXO, as they are in the top as a cannabis company, surely better than any one that's for medical use only and in some perspectives they are number one in my opinion. If You had to choose where to go to pick up some drinks, at the local store or at Your doctor for a prescription first, I think You'll choose the first one. Adult-use cannabis (recreational) is business and we are at the beginning (or even before it) so at a very good time to invest in it. More over, the prices are down now due to the pandemic that hit the stock market. We might be in a transition (not necessarily "to greatness" this time :D -see my other ideas) but to a different future, than what we got used to before. The $3-4 price target is not really a target, but more like a worst case scenario in my opinion for the near term future. I think as the drink, the chocolate and the vape products will be widely available and well known, we going to hear about them much more, worldwide, it's going to be a massive revenue for them and high stock prices too. They could even be a new Coca-Cola of the future generations. Check this out: www.youtube.com and if interested, listen to the Investors Day 2019 at their website. Lots of information You'd never think about. Great opportunity. Best thing would be to show this to Warren Buffett as it would be wise to invest $5-6 billion in it, as they going to deliver and no matter what the future holds in economic terms, HEXO is going to thrive. At least I believe so. Trade safe and don't buy anything expensive.
Are Pot Stocks Back? Potential Breakout OpportunityCRON has broken out of the descending triangle pattern (reversal) with a strong bullish candle (+21%) on 6/8/20. This is an interesting setup since the descending triangle chart pattern seemed to form at the end of the downtrend. Over the last several months pot stocks have gotten hammered. Some stocks even falling +90% during the bear market. The fundamentals are beginning to align, and general market sentiment has greatly improved. If sentiment remains positive, there is a possibility that CRON will continue to rally into election season. If there is a strong push for more states to legalize marijuana, then except additional momentum.
2degreez - MJNA BULLISH - Proceed with Extreme CautionI do not normally do penny stocks but I might post 1 from time to time. HIGHLY DANGEROUS - EXTREMELY CAUTIOUS - NOT FINANCIAL ADVICE
I played MJNA a few times over the the past several years and was lucky enough to rode it up to .25 back in 2013. Educational chart post only.
The Content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
APHA - possible target at 6.53 - up to 60% gainsAPHA seems to be tracing minor wave 3 up. If this is the case prices should trend to up to 6.53, where minor wave 3 would total the Fibonacci level of 1.618 of wave 1. If price crosses down 2.78, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
CBDMD +235%Buy now and more low price.
Sell levels on the chart.
Profit 235-375%
Good luck for you !
Cannabis Looking Strong. (MJ)Last post on MJ Alternative Harvest we started we were opening longs @ $11.90
Currently sitting up 5%
We took this position based off the large timeframes, the weekly and 2 week.
Now you see a breakout with a settlement back on old Resistance to test as support.
Key is to play this as support. If it shifted right and than turned to break support back below the pattern upward support. We would than look for possible Retracement.
I'll stay put with my position for now.
This could be a really good time to diversify into the cannabis sector.
Enjoy, hope she keeps trucking!
Will keep you updated
Alternative Harvest ETFSymbol: MJ
The cannabis sector. The holy grail of money to be flooded to. These cannabis prices are insane. I've been wanting to buy into this ETF but clearly this has not been a good sign in a while. When market corrects I think the cannabis sector will take off running. Will keep watching to see if it wants to correct lower. Obviously I'm on the weekly so I'm looking for a good transition.
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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.
NBEV bounced off the 200 Day MA strong.Does this potentially indicate a bottom for NBEV? There's a nice rounding bottom that may form a cup & handle
A cup and handle price pattern on bar charts resembles a cup and handle where the cup is in the shape of a "U" and the handle has a slight downward drift.
A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities.
Traders should place a stop buy order slightly above the upper trend line of the handle.
It is worth considering the following when detecting cup and handle patterns:
Length - Generally, cups with longer and more "U" shaped bottoms provide a stronger signal. Avoid cups with a sharp "V" bottoms.
Depth - Ideally, the cup should not be overly deep. Avoid handles that are overly deep also, as handles should form in the top half of the cup pattern.
Volume - Volume should decrease as prices decline and remain lower than average in the base of the bowl; it should then increase when the stock begins to make its move higher, back up to test the previous high.
A retest of previous resistance is not required to touch or come within several ticks of the old high; however, the further the top of the handle is away from the highs, the more significant the breakout needs to be.
The RSI is high on all time frames except on a 5 year chart attached to this one you can notice the RSI is around a 46 which is kinda neutral, it's approaching an area where there's been some moderate resistance, but the RSI has risen to a 94 on the 5 year chart & it's stayed in the high 70s for the 2016, 2017 & 2018 bull run.
It's interesting that they've recently launched a CBD Hemp beverage in Japan.
CGC GapCGC created a gap in price last week when it made the jump back above $20 and has so far failed to move back above a previous support line(orange) which is now acting as resistance. Gaps tend to be filled in charts so the longer price fails to move back above the orange line, the greater the likelihood that the gap will be filled which means price will likely retreat back down toward $20 to close the gap.
APHA - major support level broke$3.52 was a solid support level and was snapped like nothing.
I expect the sector to continue its dip and a lot of companies to retest previously established bottoms. Unfortunately, I don't think a majority of those bottoms will hold.
CGC Loses UptrendCGC has fallen out of its uptrend channel(orange lines) and has returned to a previous consolidation range(blue lines). The trend for now has shifted back to neutral as long as price is within the blue lines; a break back above the blue channel would be bullish, a break below bearish. The PPO is indicating a negative short-term trend with the green PPO line declining below its purple signal line. Worth noting is that the green PPO line is close to crossing below the centerline which would indicate a more substantial downtrend should the PPO continue to fall below the centerline. For now, the lower blue line near $17.50 is the level to watch for support, a move below that line would shift the trend to bearish.
CGC Trendline FailCGC saw an open and close yesterday below the lower support line of a rising channel(orange lines). Using a measured move on a trendline break, price could potentially see a -25% decline which would roughly equal a -$5.50 loss taking price back down near $16. Keeping an eye on this one today as CGC tends to dictate prices for the entire cannabis sector.
