PLNHF Elliot Wave analysisPLNHF is a cannabis play speculating cannabis regulations in the US in the near term. Cannabis is a hot sector currently. PLNHF is a leading business in this industry with solid fundamentals.
Pricetarget shortterm $12-15 (elliotwave)
Pricetarget longterm N/A. Depends on types of cannabis regulations that will allow PLNHF to expand and reach more customers.
~slippe
PLNHF
PLNHF next run up!!See my last post, similar if not same pattern! if you are long, EMA 50 has always been a good entry for you!
fundamental is brilliant due to the new superstore locations and huge amount of capital raised to expand this business rapidly~
Not investment advice, stay safe!
PLNHF Ascending TriangleSee graph for more detail, PLNHF Ascending triangle breakout complete!
For personal use only, not investment/trading adivse
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OTC:PLNHF
PLNHF Current PatternPreviously bullish flag successful breakout and run up, business remains vigorous and nothing has change negatively in the fundamentals. Right now in a descending triangle after run-up, possible good entry point around the support level of 2.92-3.00 (historical), fundamentals actually improved due to new license and shop gets approval for reopening.
For personal notes, not professional trading / investing advice
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$PLNHF Warming to a Fresh Breakout?PLNHF shares in large timeframe bullish triangle with MACD markers in place. A break above $2 could set off a fresh breakout.
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Planet 13 Holdings Inc (OTCMKTS:PLNHF)
Planet 13 promulgates itself as a cannabis company that cultivates, produces, and distributes medical and recreational cannabis in Nevada, the United States.
It also operates dispensaries that provide recreational cannabis, cannabis extracts, and infused products. In addition, the company sells its products online. It operates under the Medizin and Planet 13 brand names. The company is headquartered in Las Vegas, Nevada.
As a vertically-integrated and established cannabis company in the Nevada market, Planet 13 Holdings, Inc. provides an array of cannabis products available through its licensed operations. Planet 13 Holdings, Inc. is focused on providing a dispensary experience and managing cultivation efficiencies through its technology. Planet 13 may be able to build on its position in the Nevada cannabis market as it seeks to expand its existing operations. In the Fall of 2018, the company was working to open a retail dispensary immediately adjacent to the Las Vegas strip.
$PLNHF Rel Strength and MACD X-over Buy Charge to Trend Res.PLNHF
Planet 13 Holdings Inc (OTCMKTS:PLNHF) is a clear outperformer. This was further justified when the company recently announced financial results for the three-month period ended September 30, 2019, including revenues of $16.7 million, compared to $4.9 million a year earlier, representing an increase of 241%.
Larry Scheffler, Co-CEO of Planet 13 commented, “The SuperStore celebrated its one-year anniversary at the start of this month and 12 months on, even with this location generating $59.5 million in revenue2 and accounting for 9% of the State’s cannabis sales3, we are just at the beginning of the growth potential for this site and for Planet 13. With Phase II and wholesale operations just getting underway, we expect to continue generating profitable growth as we expand the sales of our well-regarded in-house, in-store produced brands both on-site and in 3rd party dispensaries state-wide commencing in the New Year.”
Planet 13 Holdings Inc (OTCMKTS:PLNHF) promulgates itself as a cannabis company that cultivates, produces, and distributes medical and recreational cannabis in Nevada, the United States.
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