DMANthis is a classic Resistance flip into support. DMAN will start the climb up to .50c (slowly over time)
Potstocks
Cannabis Boom 2021 - RSI Breaches 30 - Vapor.com - GNLNIt's been so oversold for so long that it's just sprouted above 30 RSI on the monthly. How cute. lol. boyoyoing #federalization #comingsoon #epiceconomics
Canada - Legal
USA - cream of oreo
Mexico - Legal
#trixareforkids
No prediction, just hope. GRCU pot stockAll I'm sayin is that it looks hopeful to have bottomed. One could plead the case of bullish divergence. With legalization in the cards this year, maybe this is a dark horse but it's too soon to tell. I love to draw predictions but I don't really have a lot to work with here. This is one of my long term holds.
Has EVIO found the bottom?EVIO is an independent 3rd party lab testing company that specializes in marijuana/hemp/cbd analysis.
I randomly scanned the QR code on a CBD preroll yesterday and noticed the PDF test results were produced by EVIO.
I have been holding EVIO since 2016 or 2017 after extensive research, and I was surprised when I saw the aforementioned PDF.
They have signed an agreement in late 2020 with a company that will provide them more testing nationwide.
I'm looking for a breakout of this wedge, hopefully to the upside.
Twisted Hemp website (for research purposes) where you can find the linked lab results, with the EVIO logo at the top:
www.twistedhempwraps.com
New Channel, Support & Resistance using Fib RetracementYou can never go wrong with using Fibonacci falling in line with human psychology and the universe itself.
Major support zones hit on the fib lines, with obvious resistance levels that are ready to break. Initial flag pattern had broken down, potential flag pattern support highlighted with lower purple line. Pinch is inevitable.
Q4 earning should be released early March. Expecting the recognition of their $2.8mil contract, in addition to their typical $1.5mil recognized from smaller contracts.
Surge in volume on positive earnings and continuation of the favorable cannabis landscape (feds and states), can push this to retest their recent high around .21.
If SRNA breaks that on good volume, then it is blue skies.
$MSOS Trendline Break -> Cup and Handle in playMSOS Trendline Break -> Cup and Handle in play = GAP close
#MSOS #potstocks #Cup&Handle #GAPclose
MCOABack in this super risky penny stock, nice volume today, 187million and oversold conditions have my spidey senses tingling
SNDLBroke out of expanding flat only to crash right back into the pattern. No clear direction here except a possible bounce here due to oversold technicals. Support seems strong around $1.05 on daily TF. I would look to buy that test if we get there.
Trade Alert: HALO COLLECTIVESuper excited about this find!
Everything you need to know is in the chart. Added some info below for your DD.
www.haloco.com
Sector: Health Technology
Industry: Pharmaceuticals: Other
Halo Collective, Inc. engages in the development and manufacture of cannabis oils and concentrates. Its operations include Oregon, Nevada, and California. The company was founded in 2016 and is headquartered in Toronto, Canada.
*COMPANY TIMELINE AS PER WEBSITE*
In 2015, launched initial production in a chicken coop in Medford, Oregon
2016
Oregon Expansion: manufacturing facility established on Clark Street
2017
Oregon Expansion: cultivation established in East Evans Creek
2018
Adding Nevada & California licenses • HLO Ventures LLC opens in NV • Halo Labs Inc (“HALO”) begins trading on the NEO, OTCQX & German Exchanges
2019
California & Nevada expansion • Coastal Harvest opens in • Southern, CA Acquired Type 11 distro & Type N License in Northern, CA
2020 (Q1 Q2)
International Expansion • Bophelo Bioscience in Africa • Canmart in UK • Canna Park established in Ukiah with expansion at UVI • Los Angeles Retail
2020 (Q3 Q4)
No 1 Position in OR • Halo acquires Winberry Farms, which on a pro forma basis makes Halo the largest seller of wholesale cannabis products in Oregon • Publicize intent to enter psylocibin sector
Latest
Reported record third quarter 2020 financial results and positive EBITDA / operating cash flow
Park some $$$ here and watch it grow!
*Please leave a like if you find this useful, thanks!*
$HEXO - Holy Grail WatchThis one I have been in and out of already. Lucked out and sold before all the pot stocks took a nose dive.
- New entry potential here. Right on the 20MA.
- Will watch Tuesday morning.
- I could see this dropping to the $6.70 range , or just bouncing from where it is now.
CRONOS pot stock outlookPlenty of support zones from fibonacci levels, trend lines, and previous resistance.
I'm expecting pot stocks to generally remain bullish for 2021, just look for healthy corrections from time to time like I've illustrated here.
$8.50 might trigger a lot of stop losses so keep an eye out if we get to those levels.
GRWG chased this on FOMOThis was a "what was a what the f%$@ was I thinking" entry. Got caught up in the pot stock craze. This was one that I traded on its original break out in August 2020. Has a good run back then. I guess I was feeling nostalgic. It has been a TML in this growing space.
If this doesn't quickly move in my direction, I will sell and wait for another set-up.
Have to go back to my rules:
To not chase stocks.
Wait for proper set-ups ie breakout on volume (with decent fundamentals)
Getting In Before The Boom (MJ)A lot of stocks are booming. Big tech has seemingly been on an endless uptrend, as society has become efficient to a fault. We have been struggling with this pandemic for a year now, but we're starting to see some sort of "end" on the horizon, despite a lackluster vaccine rollout in many places. Once things open up again in places hit hard by the pandemic, I think we will see a LOT of partying. People will also be burdened with enormous amounts of anxiety. Couple that with a need to let loose after a mini "dark age" and I think Marijuana will see a huge amount of demand. Universal legalization is also around the corner in the US. It should also happen quite soon in New York.
I originally had my eye on pot stocks back in 2018, but decided to purchase only crypto. This actually ended up being a lucky financial decision, because crypto has generated profit for me, while buying pot stocks would have given me sideways price action at best. Based on the sector's reaction to the lows, I think we can finally see a sustainable run in pot stocks. I bought MJ (the weed ETF) because it's protected from the volatility and uncertainty in individual stocks like TLRY or CRON. Some of those might offer great returns, but MJ's dividend payout is over 3% at the moment, which is pretty nice. I don't think this is a terrible choice for a long term investment, and I have to start somewhere. Sure, if the market falls apart, MJ could test the lows again (near $10), but I would take this as a buying opportunity. My plan is to dollar cost average.
From a technical perspective, if MJ breaks out from this horizontal resistance (pink on my chart), it can go to all-time high fairly quickly. I'm eyeing a possible rejection here as well, which could give me another buying opportunity.
I have bought twice recently, with a $19.59 average entry so far. Looking for all-time high valuations and price discovery. Let's see!
This is not financial advice. This is for personal use, speculation, and entertainment only!
-Victor Cobra
SNDL - pot stock breaking outI took the position in this stock on Jan 28 and the astock already moved 48% up from my entry.
But I don't sell, expecting the stock to go much higher.
Reasons:
- Big accumulation volume
- Big round bottom
- Current breakout pattern
- Simpathy play with the other pot stocks: $TLRY, $CGC, $VFF, APHA, which are also ready for breakout
Pot stocks on FIREWAKE UP and pay attention! Pot stocks are on FIRE! While others are hyper focused on their losing bag holds from last month opportunity is being missed! This is now the theme where the money is flowing. Do not ignore it!
$HBORF - ATHAll time high! No pun intended. I like this company longer term as a pot stock play. Already in.
Watching 14-day CURLF cycle, looking for entry point.OTC:CURLF
Looking for a good entry point into the channel that CURLF is forming. Past three 14-day (9-candle) cycles have hit support, ATH, and support respectively. Looking for ATM on February 10th to confirm trend.
