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OGI

SNDL a MJ penny stock in reversal from trend down LONGSNDL is shown on a weekly chart with a volume profile and VWAP band lines anchored back three years. Perhaps due to recent news of potential federal legalization or other catalysts SNDL is now above its pivot low. The EMA cloud ( periods 7, 21 and 42) is now green as lines converged into a zero slope and are now rising. Price is now approaching the first lower band line and will thus enter the fair value zone above the undervalued zone. A reasonable target is 7.0 where the POC line of the volume profile is confluent with the black mean VWAP line. The is more than 100% upside and will not occur quickly. Price may get spikes with marijuana-related news along the way. A sign the trade is going bad is if both the faster green RSI line and the slower black RSI line both go below the 50 level. The stop loss will be at 1.86 below the EMA cloud. Accordingly. the risk is $0.50 per risk. If only $100 is to be risked the trade can be 200 shares. Risk is off when price rises to $2.85 and the stop-loss is adjusted to the entry price. Beyond $3.00, the stop loss can be adjusted to a trailing 10-15% or the ATR. I see the last weekly candle as a Doji and so consolidation and price consensus making for a best entry.
NASDAQ:SNDLLong
by AwesomeAvani
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
TLRY and its peers jump on high federal news catalyst LONGTLRY on the 2H sharge shows a draamatic trading response to the DOJ recommending the reclassification of marijuana. No much to the analysis = these will have momentum until it fades. I suspect good continuation plays here until mid -day on Friday when profit taking and sell-offs will dominate. Short sellers will take positions at the tops as well. In the meanwhile long trades are the low lying fruit.. The risk is a bit lessens by the surge from the news. Others include SNDL, OGI , ACB and the ETF MJ for those who like to spread risk across a basket of stocks. For the time being these stocks will be truly buzzed but do not be late. Stay home if you are.
NASDAQ:TLRYLong
by AwesomeAvani
12
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
ACB Cannabais Peeny Stock with News LONGCannabis socks got a boost in the past day as the Biden administration seeks a reclassification of cannabis with the Drug Enforcement Agency ( DEA) This will likely give the entire sector some momentum. Here on a 60 minute chart, Aurora ACB is seen in a VWAP band breakout, crossing over the fair vlaue area of the mean VWAP accompanied on the indicators with confirmatory volume and volatility. On the zero lag MACD, the lines have crossed above the zero horizontal and above the histogram. I see this as an excellent long entry targeting 4.35 which was the pivot high after the last earnings. This represents a conservative 17-20% upside with potential upside beyond that price level given the potential impact of the federal news.
NASDAQ:ACBLong
by AwesomeAvani
Swing Trading a Marijuana Penny Stock OGI LongOGI is a highly volatile penny stock in the marijuana subsector. It is too cheap to short It does have options. ( The strike $2 for 3/15 contract on Friday went 67% from the LOD to the high of day). On the 15-minute chart is shown my swing trading strategy for OGI. Each up arrow is one lot of shares while the red arrow is to sell a lot. The lot size can be number for example 1,20,50, 100. consistency helps the strategy. There are seven trades taken, three are completed while four are open. The three completed trades average 2.5 to 4 % daily return and compounding when the cash returns from settlement or new cash is deployed while awating settlment. There is no need for margin. The options strategy yields more than 10% per day for capital deployed into call contracts. The mass index indicator is used in lieu of a set of moving averages. The dual time frame RSI looks for an early warning of a reversal with bearish divergence and the faster RSI < slower RSI while the linear regression line in a reversal goes to a zero slope before becoming downsloping. This is an easy strategy with very little time and effort involved that can be scaled once experience and results demand it. This is an effective strategy to grow a small account in a short time. For those with significant math skills or who know how to use a scientific calculator. Calculate the number of trading days needed to 10X initial money when the account balance is compounding each session and the compound rate is 2%. ( This strategy will compound an account 2% per trading day if 65% of the account balance is in trade at any time with the remaining 35% settling or waiting in cash for the next trade- I have done this several times with a few mentees.) ( Post your result and I will private message you the calculation)
NASDAQ:OGILong
by AwesomeAvani
1
YCBD- another marijuana pneey stock lights it up LONGThe idea is on the 15 minute chart here- See also ideas for OBI, ACB, TLRY, and CGC Germany also is pushing full legalization. A new day is dawning? Several states are working on releasing minor offenders ( clemency and pardoning). YCBD is risky but the potential rewards are great. As for me, a fair position with a stop loss of 10% targets of 50%, 100% and 200%. I am in no hurry and will accept the cup and handle as being over a relatively short period of time and so not necessarily highly reliable. Nevertheless, i will chase some of the hottest things around- penny and low priced marijuana stocks. (Very) HOT until they are not.
AMEX:YCBDLong
by AwesomeAvani
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
OGI Organigram Holdings Great Earnings Call and Price Targets OGI is free of any significant debt after repaying our entire term loan balance of 58.5 million! The company currently has 220 million in cash and short-term investments! The Market Cap is only 880.85M! Q3 results: - Gross revenue grew 51% from Q2 2021 to 31% from the same period in fiscal 2020 to 29.1 million. - Net revenue grew 39% from Q2 and 13% from the same prior-year period, respectively, to 20.3 million. - Cost of sales decreased 47% to 23.4 million from Q3 of 2020 - IFRS gross margin increased to a positive 2.1 million from a negative 50 million in Q3 of 2020, largely due to lower cost of sales - net loss in Q3 of 2021 was reduced from Q3 2020 loss of 90 million to 4 million. Tobacco giant BIT British American Tobacco made an investment in Canadian pot grower OGI Organigram Holdings. BIT has a 19.9% stake in Organigram for an investment equivalent to about $175 million. The partnership also gives OrganiGram an opportunity to expand into the U.S. and new international markets. 1. My medium term price target is 4.5usd based on the resistance level 2. Fibonacci extension tool has a price target of 5.45usd 3. Stifel Nicolaus brokerage has a price target for OGI of $6.00 Did you know that you can buy it now similar to the price British American Tobacco paid for OGI Organigram Holdings?
NASDAQ:OGILong
by TopgOptions
3
OGI - Possible Bullish Trajectory EstablishedOGI's price created a double bottom between April 20 and mid-May. Short-term resistance has become support (orange horizontal lines), and although the RSI, MACD, and WTT indicate a short-term reduction in price, I believe price will follow the channel identified by the pitchfork. This idea becomes void if price breaks strongly out of the pitchfork channel and below current support. Overall, I'm bullish on OGI, and we'll see how the next earnings report affects price. Thoughts? (Good luck, do your own research, and trade safely. I'm a complete amateur, so don't trade based on my ideas. I produce charts for my own education. The ideas I present are not financial advice.)
TSX:OGILong
by NickelOak
$OGI Looking Like a Snack SoonOverall bullish on Organigram, but not at the current price level. We are not quite into oversold territory, and will need strong volume to signal a reversal. 1st Buy Target: $2.25 coincides with a minor support level and the 200WMA. This level may also provide a nice bullish swing failure of the previous low of $2.38 on the weekly time frame. 2nd Buy Target: $1.96-$2.00. This area was major resistance at one time. A retest of this zone, followed by a bounce, would provide a strong reversal point. A gap fill would also be a nice touch.
NASDAQ:OGILong
by SirGooch
BAT invests directly in OGIBAT invested directly in OGI. I sold the $2.50 cash secured 2023 Leap puts. With the cash infusion from the direct sale of stock to BAT there is minimal risk that the stock trades sub 85 cents. Eight five cents would be the cost per share minus the put premium collected. and a secondary inveetment of the collected premium into GGN and BPT. As usual this is a two way trade. The cash collected went into BPT September puts and GGN common. Please view the other two charts I posted for GGN and BPT details. Of note I sold GGN yesterday for a 4 cent per share profit and the monthly distribution is 3 cents per share. The caveats with GGN and BPT investment with the put premiums collected are stated in the other two posts (SNDL and BPT). wishing you prosperous trades and all the best...
NASDAQ:OGILong
by Spotshooter1983
4