Namaste Move (LONG)Namaste isn't a stock I have been able to trade every day, but today it went to the moon. I noticed it gaining volume and momentum around 12 pm, after being in a downtrend for the past few weeks.
Namaste broke 2 critical levels that I had been looking at and my lowest entry was 0.65. I would have done well to hold for a while longer.
Thursday & Friday are critical days for Namaste.
Ended the day +15%.
Potstocks
ITHUF IAN 15 min Count @cyrptoKneeI like the pot. I like the charting sooo.. pot charts are gonna be a thing for me. Looking like an impulse up, is possible. Some Pa Resistance to bust through for the fif. Typical fif fib projections but who knows, could be super extendo fif....could be ending diag.... could be crappy truncation fif... or not even an impulse. TBH its looking a little odd already..... wait.....what was I talking bout?
Cron 14apr2019 Almost there? @cryptoKneeNO bullish divergences on RSI, getting pretty long and deep for a 4... we at the edge of a gap in the vpvr, coming to some geometry and some fibs and fib time, vegas waves coming up for support, then its 420 from there?
VFF continues to fallExpecting a further drop in pricing. Gann forecasting strengthens my opinion. What are your thoughts?
CRON - 4h buy for C waveCron is making flat pattern.
Looking like good buy for the C wave before more downside continuation.
CROPLOGIC LIMITED potential move to 5c $CLI has shown strength over the past few days with the first wave moving the stock from a 1.3c base to a 3.5c high (+170%) before retracing to the fib 50% mark on declining volume, from here the volume has ticked up with heavy volume at 3.3c then 3.5c respectively.
Poised to break out to the top side the target for the next wave is the twice tested resistance level at 5.0c. If this plays out then it represents a 47% move from current levels and would reset the market cap of the company to around $15m
Support at 3.2c (or -9%) has been heavy therefore becomes the SL point for this trade concept which gives the trade a risk reward ratio of 5
JWCA POT stocksNearing a critical point. Price jumped ahead of time. I'm expecting some resistance later this week
SNN - Uptrend Broke bearish on Lawsuit news, finding new supportCSE:SNN After 6 weeks of tightening ranges Sunniva broke bearish on news of a data breach and lawsuit. While this stock has promise based on fundamentals, the chart is not set up very well for low risk entries. Some chances here for a bottom fishing play might be possible but, $5.00 is a key level to close above and hold on a daily basis. Q4 financials are scheduled for end of April, with some forward Q1 guidance it may help. but would expect April to be fairly flat and trying to find new support.
Now below all major moving averages as well as breaking the last two weekly supports at $4.65 and $4.40, closing just above at $4.42. level 2 data shows heavy resistance at $5.00
could possibly set up for a monthly break near end of April. $5.25 is break out level on the month
28mar2019 $cron upadate @cryptoKnee part 2spelled my name wrong...I R adult...Looks like there is some geometric and fib reactions on on the daily charts , but will this pivot hold??!!!...weeklies are like meh ...Notice how I mostly post charts where the price action is reacting in accordance to my chart analysis..I must be getting the hang of this whole posting charts thang....troll face.
28mar2019 @cyrptoKnee $cron UpdateLooks like there is some geometric and fib reactions on on the daily charts, but will this pivot hold??!!!...weeklies are like meh...Notice how I mostly post charts where the price action is reacting in accordance to my chart analysis..I must be getting the hang of this whole posting charts thang....troll face.
EMBI , emblem bio science ,NMUS bio science has a few interesting medical applications in research for pot
but did a name change to Emerald Bioscience inc !
this move makes me suspicious on naming close to another named pot company
does have a up trend channel forming
Cron 23mar2019 update @cryptoKnee2 counts, left is weekly and right is daily for each count. Think we coming down for the 4, we are at some channel and PF fork resistance/support, but they are just imaginary lines. Could go deeper then the .5 potentially depending on the market over all. It my go as deep as 15 dollars ish. Deeper than that or even more time sideways may call for a recount. Monday will be telling, me thinks.
CRON Wave AnalysisAs charted in today's YouTube video, full details on how I arrived to the counts there.
Cronos is one of the older assets in a young market. On a long term view, I believe it's in the final waves of it's current cycle. However, that doesn't mean that it can't make significant new highs. It appears to be forming a flat continuation pattern here. With fundamentals coming into play, pot stocks could well be the next parabolic rise. Overall, the equities within the market have yet to break market structure of higher highs. Once that market structure is broken, I would expect a multi-year bear market. However, for now, fundamentally, I don't see how it would start today.
To play the flat, look for a confirmed lower low on low time frames to draw a downtrend line similar to the blue one pictured. Look for a break of that downtrend and buy any consolidation.
ACB Short- catching large corrections bull marketACB is a great stock. Super cheap for amount they produce. I'm long in the long run
But I think there's substantial opportunity to make profit by shorting the stock as it experiences corrections in it's uptrend
Normally I wouldn't recommend timing a stock like this or trading against the trend, but it's not seeing 10% pullbacks on upward moves, it's seeing 50+ % corrections, which makes the strategy viable.
The macd indicates the stock is currently bearish, and if this correction follows the pattern of large pullbacks, we're about 1/3 into the move, leaving more room for upside than for downside- A nice KISS (Keep it simple, stupid) strategy
LIMIT: $9.90 (-5.50%)
STOP: $10.30
TARGET: $8.90 (+10.00%)
CGC closed above 1o emaCGC has
CGC has been dormant. it finally closed above 10 ema on the 4H.
Let's see if it finds support there
CRON DailyNASDAQ:CRON
AS Cronos tries to get back to the ascending triangle, notice the money flow getting better. Although the volume has been almost non-existent.
Watchlist**
Will Aurora Cannabis Reach ATH soon ?The volume was quite impressive last week, smashing through the 8$ resistance and closing very strong above the pink trend line. What's interesting about this trend line is that you can extend it back 2 years when the price was under 1$ and it's been tested again and again, acting both as support and resistance. Next weeks we might see some follow through with resistance around the 10$, 11$ and 12$ levels, but more importantly the all time high is in sight. I don't know what's driving this surge for the past 2 weeks and I must admit I'm a bit skeptical. If for some reason there's a pullback that bounces on the pink trend line, it could be a good opportunity to make an entry. Other than that, I'll be careful as this stock and this sector can drop quickly, so this chart is more to help look for an area where buying could happen IF there's a sudden drop.
HUGE GannCubeWe can expect a very slow up leg, followed by a slight pullback. The meat and potatoes will be served by the time you get the munchies. puff, puff, pass...
