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Medipharm

MEDIPHARM LONG SETUPLooking at a potential low risk high reward play here. Although i pointed out the previous bull run above, I don't expect anything close to that happening at all. We are currently under a death cross and earnings are coming up, note it usually dumps at earnings after all-time-highs. This is a company I am looking at long-term though so I will buy small at this level only because of the number of opportunities in the market right now, but will essentially look out for lower prices and possible bullish divergences in which case I would up my bet. Any rally here I would anticipate a breakout and continuation possibly to that .618 fib level which seems to be respected a lot throughout this bear market, and just so happens that the 50MA is lining up with it as well. Not investment advice, just my opinion on the market. Safe trading, cheers.
TSX:LABS
by thiluxan_s
2
Medipharm Labs Technical Analysis 16.02.19Dear Traders, What a run for $LABS! I'm very happy for those who entered a long position around 1.95C$ you did an excellent job. $LABS also retraced a bit after that first leg up, but the bulls are strong and a nice reversal occurred! What now? Well, we did finish the week in a strong way, and indicators are showing buy signals all other the place. $LABS recently announced great news, and there is plenty more to come! Let's see what next weeks bring us! I'm still holding my position through the weekend, I'm very confident there is another leg up brewing. Price Target: 3C$
LLong
by Raw_Blitz
2
KHIRON - Looking really charming!Dear Traders, I hope all of you had a great X-Mas and drunk a lot during the new year's eve! And I also hope lot's of you made good money in 2018! If not, your doing something wrong or you simply did not have the gut to cut losses at one point. Anyways to day let's have a look at KHRN for a Swing trade! Chart is looking really good on the 1Hr timeframe, Look at the Histogram MACD, showing bears getting less and less control! I've recently decide to stay out of those big MJ companies such as CGC, ACB, APHA... The people trading them are the same in Crypto and that's just one huge manipulation game. I've decided to look more into CBD companies like a like to call them, such as KHRN, KALY, LABS, TBP and many more! they all focus on exctracting high grade CBD, to using those exctracts to make medicine to cure diseases or to relieve pain! CBD is the future and those who deny that are very closed minded. Will it be the next big hype? Could be. AM I to late to join? Not in my opinion, a lot of companies are getting more and more talked about tho so if you don't want to miss a potential train, you should start to do some more research on those companies ! Just to let you know, I'm not a financial Advisor and just sharing this to you for information purposes only! Take care all of you!
KLong
by Raw_Blitz
Canopy Growth Strategic Extract Supply Agreement With Medipharm!Dear Traders, LABS got Halted pending on news, and what a news release! I was waiting for Medipharm to release some news and we finally got some! ''Under the 18-month agreement, MediPharm will supply up to 900kg of cannabis extract for sale to Canopy Growth and its subsidiaries. Canopy Growth has committed to purchasing a minimum of 450kg with an option to purchase an additional 450kg.'' Now let's see how this plays off! 0.5 fib level resistance is at 1.88 C$ so if we have enough momentum, bulls could try to breakout to that price range!
LLong
by Raw_Blitz
MEDIPHARM - Looking Beatiful!Dear Traders, Medipharm is looking like some sweet honey on a goat cheese cracker! They announced some pretty nice things this month, they obtained their License and the day after they announce a Partnership with Supreme Cannabis! They will make sure Medipharm is equipped with the best High Grade Cannabis you can get to let medipharm create High Grade CBD Oils for the market! Looking at the Daily Chart, We can see that Medipharms shows bullishness! Price action is now located above the main moving averages, so any entry around 1.50 is a pretty good one imo. With a stoploss under the 55 ma (blue line). All Medipharm needs right now is some more vol! This stock could easily hit the million in volume, but it just needs more investors. Let's see how this will playout on Monday. Will we get news again this week? Are more investor going to join? Keep your eyes on the charts! If you have any questions or any thoughts, feel free send me a PM or to comment on this TA! If you'd like to join my Discord Channel to talk about stocks, share knowledge and have a laugh then please send me a PM so that I can link you to it! Take care!
LLong
by Raw_Blitz
Medipharm - License + Partnership !Dear Traders, Let's have a look at Medipharm. MediPharm Labs Corp . (TSXV:LABS) is a leading B2B Canadian cannabis extractor, producing purified pharma-grade cannabis oil and concentrates for the development of cannabinoid derived products. As part of their B2B model, MediPharm Labs supplies raw materials, formulations, processing and packaging for ready-to-sell advanced derivative products. The first Canadian company to become a licensed producer of cannabis oil under the Access to Cannabis for Medical Purposes Regulations (ACMPR) without first being a licensed cultivator, MediPharm Labs is focused on bringing pharma-grade products to the adult-use and medical cannabis industries in Canada. On the 12.11.18 they received their License approval and today, the 13.11.18 they announce a partnership with Supreme Cannabis: '' ("Supreme Cannabis" or the "Company") (TSXV: FIRE) (OTCQX: SPRWF) (FRA: 53S1), is pleased to announce that the Company has entered into a three-year agreement with MediPharm Labs Inc . ("MediPharm"), a wholly owned subsidiary of MediPharm Labs Corp. (TSXV: LABS), to facilitate the launch of the Company's cannabis oil products line. MediPharm holds a processing license and is a leader in the cannabis industry focused exclusively on cannabis extraction and producing pharmaceutical-grade cannabis oil. Supreme Cannabis, through its wholly-owned subsidiary, 7ACRES has agreed to supply a minimum of approximately 1,000 kg of high-quality cannabis trim as input per year to MediPharm for the extraction and production of at least 200,000 40ml units of premium, high-terpene cannabis oil products for the adult-use consumer market. Under the terms of this agreement, all cannabis oil products processed by MediPharm will be sold under Supreme Cannabis' brands, including a new, to be announced brand. The program will be established at no capital cost to Supreme Cannabis, with MediPharm receiving a processing fee based on the cannabis oil produced. "We expected market segmentation as the Canadian cannabis industry evolved and the emergence of dedicated experts focused on downstream activities. Partnering with product experts, such as MediPharm, allows Supreme Cannabis to launch oil products quickly," said Navdeep Dhaliwal, CEO of Supreme Cannabis. "We are excited to be working with MediPharm and look forward to Canadian adult-use consumers being able to experience High End Cannabis™ oil products derived from what we believe is the best flower being produced at scale." '' This is great news for both parties, and even more for Medipharm, this is a huge week for them and now they are finally ready to grow as a company and what a start! Let's Talk Technical Analysis: Price action has broken the first green line (today) showing great anticipation for a breakout. Our next target is the resistance showed on the graph. Bulls tried to go pass it twice, but failed due to no good motivation. With this news in play i'm pretty confident it will break. Once it does the price will stamble against the 0.382 fib level which will serve as a Resistance level aswell. I think we might see a first failed break due to the 10% run it had already, so I think it could drop towards our Resistance, which is now a support level as shown on the chart. Once arrived there there should be a bounce, and another attempt to break. If Bulls do break above the 0.382 fib level, our next traget will be the 0.5 fib level, which would be a 18.25% run. Let's see how it goes tomorrow, but I know I'll be watching Medipharm from close! Any thoughts? Feel free to leave me a PM if you'de like to join my Discord Channel where we traders talk, laugh and share knowledge! Take care.
LLong
by Raw_Blitz
Medipharm Labs - Time for a Reversal ?Dear Traders, Medipharm had some nice activity news wise this month and traders are buying again. All I can see on the daily chart is that we are above the 50 RSI, which is bullish, on the hourly chart we are touching the 100 ma which will define if this is a reversal or not. If we succeed in holding above 1.60 then this could be a very good swing trade. I entered at 1.58 and i'm waiting for some movement. All we need is some buying volume and this will go up ! MediPharm Labs Corp is a producer for cannabis oil production. The company is focused on downstream secondary extraction methodology, distillation, and cannabinoid isolation and purification. Any thoughts ?
LLong
by Raw_Blitz