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Marijuanastocks

Planet 13 Holdings | PLNH | Long at $0.39The marijuana sector has taken a beating over the last few years, yet certain companies may provide value and dominate the space in the future. Enter Planet 13 Holdings $OTC:PLNH. This OTC play warrants extreme caution, though. It's either going to zero or could produce massive returns. My personal logic is not to bet the farm with any OTC play, but maybe an old goat ... and potentially buy the farm in the future. From a technical analysis perspective, my selected historical simple moving average (SMA) line is approaching the current price of $0.39. Frequently, as this SMA line and price get closer to each other, there is a pop in the price. Fundamentally, financial growth is anticipated. Financial highlights from the Q3 2024 report state that the company's revenue was $32.2 million as compared to $24.8 million, an increase of 29.7%. The increase in sales was driven by the addition of Florida as well as strong sales in Illinois. Gross profit was $16.7 million or 51.9% as compared to $11.1 million or 44.7%. Free cash flow: $108,807 million. Operationally, OTC:PLNH looks pretty good on paper. Marijuana legalization in the US is only going to expand. It's inevitable given the changing sentiment around the topic. If OTC:PLNH can do well in this space and is able to continue to grow, this ticker could get very interest. Thus, at $0.39, OTC:PLNH is in a personal buy zone. Target #1: $0.55 Target #2: $0.75 Target #3: $1.00 Target #4: $5.75 (very long-term outlook if legalization spreads...)
OTC:PLNHLong
by WorthlessViews
GrowGeneration | GRWG | Long at $1.90GrowGeneration NASDAQ:GRWG is approaching one of my favorite technical analysis setups as it gets closer to my selected historical simple moving average (SMA: the white and teal lines). Often, but not always (i.e. public offering news...), the price will jump to the selected historical SMA after a long period of consolidation - which has been occurring for some time. Additionally, the President, CEO, and Director of NASDAQ:GRWG have been buying shares recently near $2 which is a bullish indicator. There are currently only 54.8 million floating shares and an 8%+ short interest, so this could get interesting if the election cycle whips up new interest/chatter about national decriminalization of marijuana. As a result, GrowGeneration is in a personal buy zone at $1.90. Target #1 = $2.20 Target #2 = $2.50 Target #3 = $3.00 Target #4 = $3.50
NASDAQ:GRWGLong
by WorthlessViews
WM Technology | MAPS | Long at $1.00WM Technology NASDAQ:MAPS provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States and internationally. After it's de-SPAC in 2020, it soared to $29.50 and now can be found for around $1.00. It's been consolidating at these lows for almost two years, and it may be gaining algorithmic traction for a move soon based on my selected simple moving average (SMA). Often (but not always), when this SMA gets close to the price, there is a pop to the historical SMA. Currently, it is in a personal buy zone at $1.00. Target #1 = $1.50 Target #2 = $2.00
NASDAQ:MAPSLong
by WorthlessViews
Philip Morris: New Motivation!Philip Morris has gained new motivation, stretching visibly higher in its chart. Still, the price has more upward distance to cover before reaching our turquoise Target Zone between $119.47 and $123.80. Once the top of the turquoise wave B has been established there, the stock should sell off below the support at $82.95 and, afterward, into our green Target Zone between $77.61 and $62.42. The low of the green wave should then initiate a bullish trend reversal. However, we consider it 35% likely that the green wave alt. has already been finished. In this case, PM would surpass our turquoise Target Zone.
NYSE:PM
by MarketIntel
OGI - a MJ penny stock upgraded LONGOGI got an upgrade from hold to buy and with it a target of 5.25 or more than double current valuation. The ballot iniative in Florida and legalization in Gremany are recent news. VP Harris seeks to make legalization an lection issue this fall while pushing for a DEA reboot on the whole cleassification of MJ. Prospects for growth seem more clear for OGI . I will take a long trade here with the National MJ Day upcoming this weekend. I will target the horizontal levels of recent pivots as drawn in black on the 60 minute chart.
NASDAQ:OGILong
by AwesomeAvani
OGI Swing Trades Continue More Volatlity from Fed News SHORTOGI has completed another trend up from the federal news about a push for legalization of marijuana as a handout from incumbents seeking another term. My recent idea on OGI as to demonstrate its suitability for high return short duration swing trades to add compounding into the profit and returns. The increased volatility due to the federal news only adds to the overall picture. I will short OGI here looking for price to fall to the area of the mean VWAP where I will reverse my position and begin to take a long position in increments at optimal entries.
NASDAQ:OGIShort
by AwesomeAvani
ACB a MJ small cap set up LONG Aurora Cannabis on a 15 minute chart is sitting on the dynamic support of the second lower VWAP band in deep undervalued territory also below the high volume area of the immediate volume profile anchored back to April 11th. The Trend indicator shows bearish momentum has bottomed. The dual time fram RSI indicator shows RS values in the low 40s. ACB did have some bullish volume spikes throughout the previous session. Next weekend, is National MJ Day and a bit celebratory for stocks in this subsector. The backdrop of legalization in Germany and the ballot initiative in Florida both have relevance and importance. Vice President Harris is pushing the legalization as an incumbent seeking to be re-elected. All of this helps in ACB's fundamentals and projects for future growth. I see an upside of 15% to the recent high pivot and potentially beyond that.
NASDAQ:ACBLong
by AwesomeAvani
ACB a Cannabis Penny Stock LONGACB is moving of late due to the legalization of marijuana in Germany as well as the election referendum in Florida in November. It is the best capitalized of the peer penny stocks in this sector. Today from the low at the opening bell to the high before the NY lunch hour, ACB moved about 30%. There was both a long and short trade here. The options moved multiples. National MJ Day is April 20th. I expect these stocks to keep moving at least until then. ACB is getting support from the mean anchored VWAP line and is able to run with its bullish momentum to the second upper VWAP line before the shorts take positions and longs realize profits. Since ACB is now situated at the mean VWAP, it is set up for a long entry now.
NASDAQ:ACBLong
by AwesomeAvani
1
MAPS a technology and marijuana penny stock LONGMAPS on 240 minute chart is now in a significant breakout with spiking volume and dramatically increased relative strength. The breakout was caused by the news that the Biden administration and specifically VP Harris will now push to legalize marijuana and take it off the DEA's controlled substance schedule which if legislated and enacted will buttress the Biden/Harris ticket and help the marijuana sector free itself of certain regulatory encumbrances which will invigorate related stocks. MAPS is a fintech app that includes advertising and helps users locate and compare dispensaries. I added 200% to my existing position with the news. I will add another 100% if price can get over the trendline it sits under and stay over it for a day. My other holdings in this subsector OGI and ACB have have the best 2 or 3 days in a long time. Will watch for signs of a momentum fade but continue to add to positions in the meanwhile.
NASDAQ:MAPSLong
by AwesomeAvani
1
TLRY is it still a buy? SHORTTLRY dropped from a Head & Shoulders in the winter into the lows in June and July with a lot of trading and accumulation as shown by the volume profile and its POC. Today TLRY took off for a big gainer of a day. But why and can it continue, The 5-minute chart shows plenty of volume support for today's move. The 4H chart shows a scorching rise into the third standard deviation line above the mean VWAP anchored into the earnings date two weeks ago which was a miss. Fundamentally, TLRY has been buying shares of BUD and other beer brewing or distribution companies. If i were an investor, I would be concerned. TLRY should focus on its core product and get good at making cash and not burning it. While the MACD is still bullish and the mass index indicator not yet triggering a reversal, I see a drop happening from the pop. Fundamentally TLRY does not deserve the level of enthusiasm that it received. The EFT MJ had a big uptrend for the day then printed a bearish engulfing candle on the close as traders took their profits off the table. In consideration of all of this, I think TLRY is a very safe short trade. I will zoom into the 5 minute time frame and go short from a high pivot. expecting a 10-15% return for the remainder of the week as the flush or at least drop kicks in especially from inexperienced traders buying in while TRLY is running high without reason into the greatly overbought zone. I suppose it could pump from a short squeeze instead of leveling out and dropping, so my trade will be small and risk constrained. Is you have any alternative idea why this rose so much please let me know!
NASDAQ:TLRYShort
by AwesomeAvani
3
Long $MSOS at $4.25?I've been waiting for $MSOS to bottom because the upside looks amazing once it does. But I think we'll see another leg down before we see the final capitulation. The reason being the cloud on the 1D timeframe. With that thick of a cloud, almost no chance that price will break through it, and it leads me to think that the next move is likely lower. Looking at the chart, I think the bottom will be $4.25. I'll likely wait for price to get down to that region, see how it reacts, and if we see a bounce, take a long term position.
AMEX:MSOSShort
by benjihyam
8
Tilray: Take Root 🌱Tilray has been developing some vibrant saplings, but the share shouldn’t forget to take root. We expect the course to extend below the support at $2.43 to plant wave II in gray. Then, Tilray should sprout upwards again, climbing back above $2.43 and growing further above the resistance at $5.12 as well. There, the course should complete wave (1) in magenta, before wave (2) in magenta should bring it back towards $5.12. However, there’s a 33% chance that wave alt. II could already be potted, which would be confirmed by the stock directly sprawling above the resistance at $5.12.
NASDAQ:TLRY
by MarketIntel
2
Tilray Earnings SetupRecently my eye has been on pot stocks and the broad ETF AMEX:MJ for signs of life. Most seem to have forgotten about these stocks after years of disappointment. That's when I get interested. On a down day in the stock market at large Tilray NASDAQ:TLRY is UP on earnings. More importantly from a technical analysis standpoint the price had a beautiful hold prior to earnings of the 50% Retracement level of the March rally. This is the same March rally in pot stocks I have noticed above the board. While this opportunity may have passed with earnings it gives a glimpse into possible downtrend reversal. I will be watching this post-earnings price action for a setup. Pot stocks as a theme are now on my radar and they should be on yours as well.
NASDAQ:TLRYLong
by norok
2
Watching Pot StocksFew have been watching or trading pot stocks since the 2020 rally based on USA Democrats taking government. That rally did not have legs and broadly the industry has fallen even further from the heyday of speculation in 2018. Naturally, when few are looking I get interested... The recent March rally on AMEX:MJ which is the ETF of the sector made a new high which breaks the downtrend. Now with the recent broad stock market selloff price is testing the 50% Retracement of the recent rally. I am watching for setups in MJ as well as individual pot stocks. See link below for NASDAQ:TLRY
AMEX:MJLong
by norok
1
SNDL Sundial Price TargetsIf you haven `t bough the stock here, at 0.57usd: then you should know that Malta became the first European Union member to legalize recreational use and growth of marijuana. Democrats overwhelmingly support legalization for both medicinal and recreational purposes of marijuana. If the U.S. market open up, it could be a boon for SNDL stock. My price targets for SNDL are 0.93 for January an 1.25 for February 2022. Looking forward to read your opinion about it.
NASDAQ:SNDLLong
by TopgOptions
1