OGI - Will Continue Downward Trend, Load Up Before Q2 EarningsOGI is one of the most undervalued stocks in the market and the best value Cannabis stock now that ACB has popped.
Anytime is good to buy before Q2 Earnings but it'll likely approach $1 again and then pop on earnings. Probably to similar degree as we just saw with ACB.
OGI
Organigram Holdings Inc. (OGI)OGI at Fibonacci support .
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Long OGI amid COVID-19 Long OGI ($1.57) as the coronavirus has taken this stock down along with the industry, and the virus is only causing consumers to get more and more STONED. Operations are being run out of one facility, excellent executive team, financials are stellar compared to competitors; stock is a gold mine. Price Target @ $4.50 by end of Q4 2020.
$OGI Needs To Get Above $3 For Breakout$OGI has a multiple bottom in place just believe $2. The stock is now bumping up against the long-term downtrend line from last May. A move above $3 will confirm the breakout. We believe a new cannabis bull run is coming this year and $OGI is certainly a name to own in the space.
OrganiGram Holdings Inc., through its subsidiaries, produces and sells cannabis and cannabis-derived products in Canada. It offers cannabis flowers, cannabis oils, and pre-rolls for adult recreational consumers under the Edison Reserve, Edison Cannabis Co., ANKR Organics, and Trail Blazer brand names; and medical cannabis products, including cannabis flowers, cannabis oils, and vaporizers for the medical market. The company also engages in the wholesale shipping of medical cannabis plant cuttings and dried flowers. It sells its products through online, as well as telephone channels. OrganiGram Holdings Inc. was founded in 2013 and is headquartered in Moncton, Canada.
As always, trade with caution and use protective stops.
Good luck to all!
Potential for breakout to low $5's or breakdown to $3.70Traditionally this stock has experienced massive resistance at the $4 to $5 level. There is no reason to expect this stock to break out of this zone beyond spikes above or below the range until more growth is confirmed or EPS improves.
Overall market sentiment on marijuana is likely to remain neutral to bearish as some companies will go bankrupt while others will show moderate success with increasing retail locations.
Too many resistance points in the short term and a gap to fill in the low 3's. Lastly, volume has died off by 1/3 each day of the rally since earnings. Back under a million in shares traded will ensure OGI does not breach resistance levels.
I'll remain skeptical on this one in the short term.
Still bullish long term.
Stop loss @ $3.70 or $4.20, depending on your risk tolerance.
If the price stays in the $4.20 to $4.80 range this will be a channel players dream.
Bullish One White Soldier ConfirmedWIth OGI closing 4.17 in its previous session, the white candlestick opened above the previous day's close and closed above its open. Similar to a Bullish Harami pattern but with the second day closing higher, which stops the engulfing of the white body by the preceding red body. Short term traders will wait for a daily pullback to buy into strength with higher lows confirmed. More aggressive traders might want to look at other patterns to determine whether a large swing trade picking up the lows might be appropriate.
OGI CRITICAL SUPPORT/RESISTANCE ZONEHello !
Here are my thoughts on the stock Organigram is at in its current market state. As you can see with the numerous weekly candle touches, this stock is at a critical zone. I believe a reversal would be most probable giving the RSI, MFI, and Stochastic RSI are all oversold and finding a nice bounce in this zone.
Not investment advice, just my idea ! :) happy trading !
$OGI Is A Top Cannabis Play$OGI looks to have bottomed after a very strong bounce on Friday. The $2.70 is a very strong support zone and one which investors can buy off of.
Many investors are looking for exposure to the cannabis space and now is a good time to look after the sector has been in a prolonged bear market.
OrganiGram Holdings Inc., through its subsidiaries, produces and sells dried cannabis and cannabis oil in Canada. It also offers wholesale shipping of cannabis plant cuttings, dried flowers, blends, pre-rolls, and cannabis oils to retailers and wholesalers. The company also exports its products. It sells its products online, as well as through phone orders. OrganiGram Holdings Inc. was founded in 2013 and is headquartered in Moncton, Canada.
As always, trade with caution and use protective stops.
Good luck to all!
Organigram: Strong long term buy opportunity.Despite Organigram Holdings Inc continuous 5 month sell-off, the stock has reached a point where there are 3 strong technical factors supporting the idea that a strong bounce may emerge.
1. The price hit the 4.15 1M Support which is holding since December 2018.
2. The price has almost made contact with the 1W MA200.
3. The RSI on the 1W chart is past 30.00, a point it last traded during October 2015 when it had an aggressive rise of +600%.
Now we are not suggesting that another +600% rise will emerge (that would bring the stock at $30) but we are at a point when adding OGI to your portfolio would be beneficial over the long term. We are looking towards a 11.30 target.
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OGI - Bullish Momentum From Retracement Bulls RebuyingOrganiGram Holdings, Inc. engages in the production and sale of medical marijuana. Its products include strains, cannabis oils, and vaporizrs. The company was founded in 2013 and is headquartered in Moncton, Canada.
SHORT INTEREST
3.06M 08/15/19
P/E Current
35.56
P/E Ratio (with extraordinary items)
27.84
P/E Ratio (without extraordinary items)
38.74
Average Recommendation: BUY
Average Target Price: 12.06
$OGI Showing Signs of a Bottom Despite Continued Sector Rout$OGI has held the 200DMA as support the last two trading sessions & on July 15th. Hammer candle was put in on 7/29 followed by a bullish engulfing signal today.
OGI current trades at a 10x P/E 2019 revenue and a 3-4x P/E on FY2020 revenue estimates. We see several near-term catalysts for $OGI and feel the stock will benefit immensely once the current industry chaos settles down (CTST, APHA, HEXO, etc)
The company announced July 15th, it developed a Rapid-Onset Nano-Emulsification Technology for Cannabis Beverages with an initial onset of 10-15 mins vs 60-90 mins on average. The company also clearly told the market they're actively seeking a beverage partner & is for sale.
Management has proven they can execute with positive adjusted EBITDA 4x Qs in a row, minimal dilution to shareholders vs peers, disciplined w/ expenses (No $600M losses here), and a very transparent with investors. $OGI management won't pump the stock & give unrealistic guidance like some of its peers, $OGI is focused on building an operationally sound profitable cannabis company in Canada & Internationally.
We expect $OGI to get a lot of attention from institutional & retail investors state-side in 2H 2019 as investors begin to pay more attention to market caps, margins, profit/loss, etc. The industry is maturing very quickly and we believe investors will begin to see $OGI as a Top 3 LP.
Time will tell...
***Disclaimer: I am long $OGI. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.***
Organigram Holdings: A great investment in the Cannabis Sector.OGI is one of the market leaders of the cannabis sector, trading on the All Time High zone. The 1M outlook is incredibly bullish (RSI = 71.765, MACD = 1.690, Highs/Lows = 1.9471), the 1W very stable (RSI = 62.331, MACD = 0.850, Highs/Lows = 0.1564) trading within a parabolic pattern that aims at 13.00 towards the end of 2019/ beginning of 2020. They most optimal long entry will be when the price enters the parabolic supporting channel (lower trend line - dashed trend line) as every time Organigram Holdings has touched or entered this zone, it has made new Higher Highs. We are bullish long term on this stock.
See below a similar cannabis stock we've picked:
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OGI the BearI don't know if the Park Ranger is going to like this, but it looks like OGI will be bearish headed into the New Year.
Volume is still decreasing nicely with the down trend.
RSI still appears to be heading down for the rest of the year.
Much like TRST, OGI is in a descending wedge pattern.
I'm looking to ladder in near 4.12 with a possible double bottom. I'll hopefully be watching LII Quotes to see how big of a Buy Wall is at that point of resistance as I may be placing a stop-loss right under it.
3.24 looks likely as it is a .618 retrace from the top of the overall pattern, and also at a nice point of support. I will hopefully be buying the majority of my position here for a long play.
OGI could be the strongest name in the sectorOGI had a very significant equilibrium bull break on Friday, breaking key daily resistance on huge volume to see continuation of the previous uptrend. We're looking up at resistances at 7.82, a doubletop at 7.90, and then our all time high at 8.07. OGI actually has a stronger chart that Aurora does, which has not yet broken it's daily equilibrium (but it likely to on Tuesday when the market reopens after Thanksgiving weekend).
The bulls are in absolute control here, a daily higher low above 6.63 would keep the uptrend intact but ideally the bulls want to hold that 7.00 level as support.
About to Break Resistance, Same Industry Group As CBDSWeed stock are on a roll right now. CANN and CBDS have always followed each other. Big volume spike, and with TLRY and all the big names in the marijuana sector on fire, speculative fervor will transition into the smaller names. For the most part, though, I like this as a sympathy play off today's CBDS move
Sold $5.58 Yesterday for 3% loss. Re-Entering TomorrowRisky swing trade, but I think this reaction is just panic selling from the news yesterday. A lot of people are holding a bag right now, so when the news hit they freaked out. A lot of new traders attracted to weed stocks. It was also hovering around $3.00 before they made all those acquisitions
The volume was unspectacular relatively speaking. Funds have already unloaded a lot of stock at this point, which you can see on the two big volume days that happened just recently -- one day for 30 million, the other 20 million.
Like the risk reward. I may hold, but if I'm up nicely, I might sell too. Depends on a lot of factors whether I hold.
Buying the dip or the open depending on the price action. Will be scaling into my position nonetheless. If it closes strong, I'll fill. No buy half this time, filling the whole thing today
OGI Short Target: When The Sector Pulls Back (OHH and It Will!)The MJ sector will have a sharp retrace sometime in the near future. WHEN it happens:
Target the weakest names
If anyone has any tickers that they would like to share as potential targets please leave a comment