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send $acb back to $1002024 has been very busy for NASDAQ:ACB - Aurora Introduces Medical Cannabis Pastilles for Patient Relief in Australia - Aurora Completes Final Repayment of Convertible Senior Notes Representing ~$465 Million in Total Repayments Since 2021; Cannabis Operations Are Now Debt Free - Aurora Partners with Script Assist to Provide Better Access to UK Medical Cannabis - Aurora Cannabis Announces CFO Transition and Completion of Previously Announced Share Consolidation when looking at the chart we can see obvious price discovery to the downside, and the last year of lows have come with heavy market selling. however on the plus side the buy pressure has been positive in the background suggesting someone is happy to scoop up the stock down here. its only a matter of time before NASDAQ:ACB picks up again given the company are now debt free :-)
NASDAQ:ACBLong
by TBTS
3
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
Ascending Triangle breakout for GTII GTII appears to be one of the cannabis companies in America holding their market cap relatively intact. There is an ascending triangle pattern on the verge of breaking out, and like clockwork cannabis reform in America is a hot topic to capture voters of all ages. “There’s no excuse for our not being in the forefront for something that is now legal for 97 percent of the American public and, where people have a chance to vote, they vote to change the policies,” Blumenauer said. “I am hopeful that we can see some action following through on the legislation I passed—but, more importantly, on the things that the American people want.”
CSE:GTII
by satoshi123
SMG Gap UpScotts Miracle Grow is up +7% and trading above $70 after a gap up this morning - trade was initiated last week on the falling wedge breakout. Gaps tend to get filled so I've adapted to the price action and moved my stop-loss order up to just below today's candle at $68.45. No way to lose money on the trade now if price reverses, upside target remains near $80. Lower PPO and TDI indicators are still reading bullish and increasing in their bullish trends. Buy Price: $64.34 Stop-Loss: $68.45 Take-Profit: $80-ish Gain on trade if I get stopped out at $68.45: +6.3% Gain on trade if price reaches the take-profit level near $80: +24%
NYSE:SMGLong
by PrepForProfit
2
SMG Falling Wedge BreakoutThe largest player in cannabis without having the risk/exposure to the schedule 1 plants and cutthroat competition in the sector, SMG, has broken out of a falling wedge pattern with lower PPO and TDI indicators that are close to turning bullish. All eyes/ears are on the Senate as a vote on Safe Banking for the cannabis sector is expected this month. businessofcannabis.com If approved this would clear a major hurdle for the cannabis industry for both long-term growth and the path toward federal legalization. Currently long with an entry price of of $64.34, a stop-loss at $60 and a take profit at $80. Stop-loss and take profit levels will remain adaptive to price movement.
NYSE:SMGLong
by PrepForProfit
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
Dumpster Diving into Speculative Weed Winners: Canopy GrowthBig level of interest for Canopy Growth NASDAQ:CGC trying to fill the July 25, 2016 gap from 2.15 to 2.20 —post-bull pennant. Pot stocks have taken a beating since the 2021 highs (pun intended). They're clearly oversold BUT they're sitting without a catalyst from the Biden administration toward marijuana legalization efforts. If you're into dumpster diving, Canopy Growth could be a good dumpster to choose. They have exposure in the United States and don't forget, Constellation Brands $STZ has a large stake in the company. 🧐 For a trading strategy, look for momentum into the end of the week after the gap is filled . Otherwise, buckle up and settle in, as it is likely to continue breaking down out of the falling wedge into Tuesday, August 9, 2022 earnings.
NASDAQ:CGC
by zwburger
1
$MSOS - AdvisorShares Pure US Cannabis ETF Chart July 2022AsvisorShares Pure US Cannabis ETF (MSOS) has been on a rampage and never shying away of selling off more than expecting, leaving pretty much the whole cannabis sector carrying the dead weight of a massive basket of synthetic weight, expelling a lot of investors and leaving the rest holding major bags from a short attach which started almost over 2 years ago now. I believe we are on the last leg down on the current cycle and should see price action levels of $9.24 - $8.30 - $8.04 PT - As mentioned in prior published chart, I see 8/08 - 8/15 being pivotal dates that either will show signs of cycle correction that could lead into impulse or very may be an extension that continues to sell off (starts another 4-5 wave) for another setup around Nov. (which if that fails, rinse and repeat for Jan. and again in April...etc) If the correction is to turn impulse right now, MSOS would need to close over $13.90 - $14.50, but unlikely event. After the 4th-5th leg down, if the cycle correction is present, there needs to be positive volume bids to close over $1140ish - $11.70(?) after our leg down. That should let the investor(s) know bull trap is likely broken and impulse will proceed. I remain cautious... I see no let up or difference in the last two months of selling per vol profile. Each month prior averages 30M vol. and nearly 3 weeks of each month shows the volume reaching the 20 day average. The MACD on the daily appears to want to go north and grows closer to crossing the zero-line. But, is still far and below via weekly timeframe. The OBV doesn't show any weekly divergence, something to watch for when getting close to cycle correction. The last two times I charted MSOS it each time if completely knifed and oversells on the 4th down into the 5th with some of the quickest bull traps, so let's see how this one plays out.
AMEX:MSOS
by happytree614
Terrascend Corp. - $TRSSF Chart Analysis (Continued) TAKE A HIT OR LET IT SIT? While hitting my weekly, and daily targets, like most cannabis tickers, TRSSF oversold on May 4th, 5th and 6th. This overselling now pushes this weight down more than expected. (Last chart analysis <4/18/22> : image below) Very hard oversold after 3rd - 4th alternative correction. This will force 5th wave lower than last expected. Expect some small pivots north on a semi-cycle correction during the 2nd half of May, but back to the southside afterwards. Possible $1.53 / Jan. '23
T
by happytree614
CGC - the skunk weed is back to the budding stageMost canadain MJ's are showing bull divergences on the weekly charts again. News coming? NYC finally opens pot shops? - damn are they slow to the pot market..... CGC is testing it's ultra lows where it meandered for a few years. Doesn't mean it can't go lower, it certainly can. Between here and 2 dollars I think could be an excellent accumulation area. Be careful though, this company can become a discarded roach and go out of business aka - 0
NASDAQ:CGCLong
by the_sunship
2
Glass House Brands Inc - $GLASF Chart AnalysisSPARK IT UP OR LET IT SIT? Glass House Brands for the most part, has sustained relatively higher stock price action compared to their competition buds. Is this a paranoia high? What appears to be just warping up a hyper extension of a triple combo, this cannabis ticker is putting up a good fight with sellers, but shorts seem to have been made victorious as the 3rd wave is rolling downward, maybe catching some investors in another bull trap around $4.10 - $3.85 before selling down towards $2.85 for a cycle correction, tapping in the 4/5 wave. Not going to lie, this one was one of the trickiest charts in the cannabis sector. I won't apply any of my tinfoil theories, but this one definitely acts different. I will be watching this ticker on all pivots to see if this analysis is right. Disclaimer: This is my 3rd chart attempt mapping out the interest points and although each contain slightly different price plots, the wave action is similar too, but this one I favor most, but could wrong.
OTC:GLASF
by happytree614
Clever Leaves Holdings Inc - $CLVR Chart AnalysisTAKE A HIT OR LET IT SIT? Clever Leaves Holding ($CLVR) chart is starting to look like a sherlock pipe ready to get packed and sparked, but first let's clear the dirty hits first before producing a new investors high... What seems to be a great battle of psychological warfare at the very beginning of the chart's timeline, performing a descending running-flat, CLVR appears to be on the 5th wave down of the primary cycle. While most marijuana and cannabis stock tickers appear to want to correct during the summer, CLVR might want to continue selling. I wrote on the chart there is a possible hyper-extension that could be created here, but no clear indications that make be believe it's developing. (*see bottom if so...) Without confirmed MACD divergence on the weekly, I can only expect that if the 5th wave does not appear in divergent state, it will only be riddled with it as the cycle correction occurs. -- But, it is earlier where we might start seeing the divergence start peeking through very soon, making it harder for investors to jump in on a good entry before the cycle correction. I think around .50 cents to .44 cents, we will start to see a possible floor put in for investors to stand on during the cycle correction. If a hyper-extension is creating during these current weeks, we could see panic set in even more and the final cycle PT would likely be around .22 cents.
C
by happytree614
Ayr Wellness Inc -$AYRWF Chart Analysis (Conti.)TAKE A HIT OR LET IT SIT? $ARYWF With most of the cannabis price action this past week, this cannabis ticker also sold a little more than expected. This is also connected to TV not providing the chart data prior to the symbol change. So, along this chart analysis, I am running blind, but feel pretty good with this prediction with this timeframe now in align with other potstocks. I know believe the markets want us to believe this has been over bought for most of the way down (looking at the volume profile, I guess that's true). With this chart, we'll see the summer correction that's needed (likely peak around $9.47 - $8.50 marker) and than start selling on the 5th wave down during Aug. This gives the ticker a chance in Oct. to have a time to correct the primary cycle.
OTC:AYRWF
by happytree614