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Organigram

Organigram: Motivated Bulls 🐂💪Organigram's share price was again characterized by bullish movements last week and attempted to cross the C$1.74 mark. Just on Friday it succeeded in doing so by a small margin, although we still do not believe that the price is in a real upward trend and should establish itself sustainably above this level. We are much more likely to expect a descent to the turquoise Target Zone between C$1.33 and C$0.63 as part of White Wave II, although based on past price performance we now locate the low in the upper part of this Zone and no longer in the lower part. Only when the low is in the bag should a turnaround be heralded and the price make a sustained gain. It should rise above the resistance at C$2.68.
TSX:OGILong
by MarketIntel
LONG 3.5k shares of $OGI @ $.73 $OGI showing bullish trend change signals here at $.73 for long-term #Potstock exposure. Technical analysis: - Bullish RSI divergence showing on Monthly & Weekly chart which suggests and upside rally soon. - Momentum oscillators and MACD are buried and curling up from lows on all time frames chart.. - possible double bottom test here at $.70-.75 best seen on daily and hourly chart.. - Emotional retail investors are the main price action driver so a final shake out of weak hands that have accumulated over the years & grown impatient with the lack of stock appreciation seems likely. With that said, share price could see a possible $.68 washout over the next couple weeks with sector tailwinds and industry consolidation. - Institutional investors are still waiting on the sidelines for the market to mature, however, I feel they will be late to the party on any major industry catalysts discussed below and the bottoming processing is occurring now. Fundamental analysis: - Low cost producer, pot stock industry Licensed Producer pioneer with the best cultivation knowledge - Strong balance sheet with large cash position to stalk and act at the perfect time to enter Germany or US market, either through a convertible note or acquisition. - Strong cash to debt - strong price to book of .6 and price to sales of 1.98 which suggests undervaluation - Management continues to learn and watch from other publicly traded companies success and failures in the US market to keep shareholders interest in mind when getting exposed to US markets - Very compliant to Canadian and other country industry regulation. Leader in market share in Alberta and expanding into Winnipeg (gummies). Largest Hash producer in Quebec - Currently exporting to Israel (cannadoc) & Australia, and looking to expand into US and Germany - British American Tobacco's significant investment (BAT) suggests strong partnerships in product and industry regulation research. Big Tobacco wants to be exposed to Cannabis and chose Organigram as an entry into a very regulated market that they have to be cautious - Canadian indoor grown cannabis is a premium brand in many countries, - Potstock sector tailwinds look to finally be slowing down and priced in like safe banking act failing & other regulations priced in - margins growing driving efficiencies , long term vision - CAD likely to rally against the USD here to reduce foreign exchange impact Catalysts: - federal legalization in US - reschedule of cannabis in US - market competitor shake out that will happen over time and industry consolidation Risks: - Continued common stock dilution with ATM share offering and stock compensation - Emotional Retail Investors continue to liquidate while smart money accumulates below <$1 - Nasdaq delisting however, intrinsic value suggest share price is undervalued below $1. Company mentioned they would reverse stock split if it came down to it - US and other countries slow progress on regulation - Industry wide tailwinds and sell offs Although OGI has produced highly inconsistent earnings , the company should be back flirting with free cash flow. Risk reward remains favorable with a tangible book value of nearly $1.64 per share limiting downside. The future is bright with Organigram. One of the best balance sheets in the industry, a great team with great execution, both on the retail side execution sales excellence, and in cultivation and production. Organigram will expand outside of Canada offering exposure to many different markets and opportunities for share price appreciation
NASDAQ:OGILong
by CashFlo_Trading
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ICEUS:OJ1!Short
by d-MR96nBa
10
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 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
Buy the dip on Tlry. Long term holdBeautiful retracement here on Tilray with gap fill to 30 with a big upside target gap fill in play. We are at support here so its a good time to buy and add a cannabis stock to your portfolio if you have missed the epic pump this week. That pump was great for day trading, this play is a solid long term hold. The weed sector has been on fire this year and I expect it to perform well through Biden's presidency. All time high on TLRY is around 300 so 30 is a fantastic buy and hold opportunity imo.
NASDAQ:TLRYLong
by breakoutfakeout
8
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
Organigram Holdings Inc. (OGI)OGI at Fibonacci support . Disclaimer: We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
NASDAQ:OGI
by CryptoTrend-Alerts
9
ORGANIGRAM HOLDINGS AlertWeekly Chart for Long Term Investors. Folllow my TradingView Profile , and recive an alert when the price falls to $1.37. You don't have to wath this market anymore. Buy1 1/3 size ($1.34 ) Buy zone2 2/3 size ($1.15$ , $1.08 ) We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
NASDAQ:OGI
by CryptoTrend-Alerts
1
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.
TSX:OGI
by Blue_Collar_Trader
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 $30) but we are at a point when adding OGI to your portfolio would be beneficial over the long term. We are looking towards a 11.30 target. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TSX:OGILong
by InvestingScope
3
Organigram Holdings: A great investment in the Cannabis Sector.OGI is one of the market leaders of the cannabis sector, trading on the All Time High zone. The 1M outlook is incredibly bullish (RSI = 71.765, MACD = 1.690, Highs/Lows = 1.9471), the 1W very stable (RSI = 62.331, MACD = 0.850, Highs/Lows = 0.1564) trading within a parabolic pattern that aims at 13.00 towards the end of 2019/ beginning of 2020. They most optimal long entry will be when the price enters the parabolic supporting channel (lower trend line - dashed trend line) as every time Organigram Holdings has touched or entered this zone, it has made new Higher Highs. We are bullish long term on this stock. See below a similar cannabis stock we've picked: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
OLong
by InvestingScope
ORGANIGRAM - Back to the buy zone?Dear Traders, As we can see on the chart, Organigram's Bears were in control. Bulls did form some kind of Buy Area, located around 5.18C$, the 200 moving average indicator. A comeback into the buy zone wouldn't shock me, just to shake out those last bear hands, and to head up higher? Or will the bulls fail to take control and the price will drop under 5C$? Looking at the chart right now it looks like the bears are still in control. 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!
OShort
by Raw_Blitz