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Marijuanastocks

$WEED $CGC Stocks is picking up momentum agian!$WEED $CGC Canopy Growth is picking up steam today and is heading towards first level of resistance around the $39-$40 CAD Level. The next two major resistance levels are around $50 CAD and $70 CAD. The resistance lines are on the charts, it would be same on the CGC charts. The best way to play this is if you are already in it, take some off at each resistance level and let the rest ride with a tight stop. I am currently selling puts slightly OTM to try get some shares back cheaper for the longer term. Vote is next week, should see some volatility.
TSX:WEED
by LiCapitalTrading
$APHA at resistance $APHA (CAD) has had a great run this month. It is currently at resistance and probability of a retracement is high. I am unloading half my position here and holding another half for a much longer term outlook. Price target is $14 then at the highs in the $20s. Short term support is around $8 and the 20 MA below that. The way I am going to play this selling a $10 cover call with my remaining positions, then sell a put at $8 hoping to get the shares cheaper.
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by LiCapitalTrading
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Top Cannabis Stock Picks! GRWG APHA GWPH. So I have a Solid pick in $GRWG $APHA is a great buy right now at the price and with the potential $GWPH is a LONG hold. And strictly equity. I will be adding at key levels. I Dont disregard the favorites like $ACB $CGC and others but I think that these offer potential as well. GWPH perhaps I am biased on because ive been watching this company for a while, but I think this goes higher based off potential and foothold All in all federal legalization will send us flying. Id rather be in position.
GLong
by SimpleStacks
#LEGALIZEIT $MJ ETF Daily ChartYou already know it... Holding the mj sector longterm & reinvesting dividends & diversifying in new canna tech businesses will = financial freedom ♾ might need another 10 years but well worth the wait later on! JUST #LEGALIZEIT ~~~ BLAZE IT & reap in those extra tax revenues for schools, roads ect... its just plain stupid for tax payers to continue to pay for incarcerated immates over a FKn plant that the good god put on this earth for a reason & has been used for thousands of years medicinally.
AMEX:MJLong
by AaronX
ACB- Dead-cat bounceIn range-bound market, bottom reversal happens far less often than when the market is in the clear uptrend. However, if Aurora's monthly POC holds up, it's not hard not to see at least some relief bounce from the stock that's so beaten down. That being said, there are better marijuanas stocks out there. Aurora is only good for swing trade. Invest in MJ ETF for more conservative approach (Refer to the chart attached below) Proceed at your own risk. Allocate only the small % of your capital and set the tight stop loss. Not the financial advice
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by Libratus
Possible Head & Shoulders for APHA?A H&S pattern is clearly noticeable on the RSI & KST. On the KST the right shoulder is lower than the left, but on the price the right shoulder is higher than the left, not sure if that's considered a bearish divergence but if there's further downside action it would seem accurate. On the KST each shoulder & the head display a bearish cross where I have placed the red finger, this happens when the red line crosses over the green in a downward angle.
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by ScotianBot
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Bullish Flag or Descending Triangle for TRUL?Notice on the KST there's been a bullish cross, I have placed three blue finger icons to represent previous bullish crosses. The red finger icon on the KST is there to display some weakness in the previous bullish cross, notice how there was no higher high creation on a Macro perspective and the blue downward sloping resistance, if we get a bullish cross on the KST but no higher high and another rejection at the blue downward sloping line, it's possible we see a bearish outcome in relation price action. I have drawn a green line on the KST to represent the hypothetical scenario I've suggested is possible.
CSE:TRUL
by ScotianBot
Aleafia is potentially trading in an Ascending Triangle.AH is forming an Ascending Triangle or potentially a Bullish Flag, the dark green line is the base of either a bullish flag or descending triangle, the dark red line is clearly the downward sloping resistance of the pattern. The dark blue upward sloping line of support has seen multiple bullish reactions upon being tested, I have placed three blue arrows to represent each time we've seen bullish price action upon the blue upward sloping line of support. The blue question mark is where I expect to see another bullish bounce keeping an Ascending Triangle & Bullish Flag intact. Keep an eye on the divergence that will likely emerge on the RSI if another bounce happens in the price & a rejection comes into confluence with the previous two rejections on both the RSI & price.
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by ScotianBot
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.
NASDAQ:OGILong
by TopgOptions
28
Falling Wedge breakout.APHA has broken the downward sloping resistance of the Falling Wedge pattern outlined in blue flush to the upside, and upon back testing the area of resistance it's now turned into support. Notice the higher high creation for the first time since 2018 ATH's? The Green pattern in this chart is an Ascending Triangle, and upon break out of this pattern APHA has created a Macro higher high. Any pull back in APHA would need to hold either the top of the ascending triangle upon a back test, or the upward sloping green line of support if there's to be continued bullish price action.
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by ScotianBot
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