Namaste - Bulls are in control again ?Dear Traders,
Namaste CEO gave a live interview yesterday evening during which he shared his future plans and vision for the company and it all sounded very promising.
Looking at the chart of Namaste, I can see a bullish divergence which occurred when the stock reversed. The price action is now above the 100 ma (which is now support) and under the 200 ma (which is our resistance line). Let's see how the bulls will do today but i'm definitely keeping my eyes on this stock today.
TGOD
Medipharm Labs - Time for a Reversal ?Dear Traders,
Medipharm had some nice activity news wise this month and traders are buying again.
All I can see on the daily chart is that we are above the 50 RSI, which is bullish, on the hourly chart we are touching the 100 ma which will define if this is a reversal or not. If we succeed in holding above 1.60 then this could be a very good swing trade.
I entered at 1.58 and i'm waiting for some movement. All we need is some buying volume and this will go up !
MediPharm Labs Corp is a producer for cannabis oil production. The company is focused on downstream secondary extraction methodology, distillation, and cannabinoid isolation and purification.
Any thoughts ?
ICC LABS - Ready for another run ?Dear Traders,
Another stock i'll keep my eyes on this week is ICC Labs, they announced Shareholder Approval of Arrangement With Aurora Cannabis.
Buy volume went up yesterday and there is plenty of ingredients here telling me it might go higher. There is some resistance but with a higher buy volume we should be able to break through it and see a new ATH!
About ICC
ICC is a fully licensed producer and distributor of medicinal cannabinoid extracts, recreational cannabis and industrial hemp products in Uruguay as well as a fully licensed producer of medicinal cannabis in Colombia. The Company has active operations in Uruguay, and is focused on becoming the worldwide leading producer of cannabinoid extracts, giving support and promoting responsible use for medicinal purposes, backed by scientific research and innovation, while following strict compliance with standards for quality and safety.
Kalytera - Huge potential here !Dear Traders,
We finally see some movement on KALY yesterday, this stock was forming a huge bullish divergence and I was just waiting for spike in volume to confirm this, and here it is. Im expecting Kaly to make a nice run due to good news and also due to the longterm potential this stock offers.
I'm in at 0.110 and another entry at 0.095 to average down. Let's see what Kaly can bring to us today ! Im smelling news coming soon !
What are your thoughts ?
Khiron - Creating a divergence / Bullish times a headDear Traders,
In my opinion Khiron (great long term hold btw) is about to make a bullish Divergence.
We will see a lower low with a bounce off, where as the rsi will have created a lower low.
Wait for a higher buying vol for confirmation, I'd love to see a Kangaroo Tail pattern, this would definitely give us confirmation for a reversal.
GTEC - Bullish momentum coming ?Dear Traders,
As we can see GTEC had to retrace after it's run, and the time for a reversal as arrived. We can see a bullish divergence forming on the RSI and MACD Histogram. Let's see what the bulls will do this week. A push towards the yellow line (100 ema) would be very nice !)
T God gaining some steam?just picked a few targets and wanted to post for fun, lets see how it works out , gained some good steam today
APH - NASDAQ Listing planned on 2 November !Dear Traders,
News just got out that APH will be listed on NASDAQ the 2 November, we could expect a nice reversal today due to that.
Looking on the 1hour chart I see a bullish divergence which could give us the buy confirmation I hoped to get.
Volume should go up today and tomorrow, let's keep our eyes on APH.
TGOD - Reversal ?Dear Traders,
Looking at TGOD, which got a huge hit. it went down from 10.24C$ to under 4C$. A reversal should come at one point and I think that this might just be that point.
I see a bullish divergence on my 1hr chart, with a lower low price wise, but a higher high in my RSI. And my MACD Histogram shows me that the bulls are taking back control slowly.
Keep your eyes on this one today !
HEXO - Reversal Coming ?Dear Traders,
As we've seen HEXO didn't manage to break out and create a run, which isn't a big deal because I only would have entered a trade if I had more confirmation such as Volume and Momentum. Instead, we got a retracement, which is about to reverse in my opinion.
Have a look at the chart, as we can see we have a lower low price wise (RED ARROW) but in the RSI we are looking at a higher low (GREEN ARROW). This is a Bullish Divergence and this could give us an indication that this downtrend is about to reverse to an uptrend. HEXO is a well established company and they're future is bright.
The Bullish Divergence isn't the only thing I see on the chart, I also see that we have some support trace by a horizontal red line. This might just be a perfect entry to enjoy a reversal run.
This run will encounter Resistance points at: 6.83$ / 7.00$ / 7.37$
Keep an eye on the charts on monday, this could be a nice little rid if the bulls are pushing enough.
Any Thoughts?
KUSHCO - Bullish Channel - Bounce off?Dear Traders,
Kushco is oversold on the hourly chart and this could create a bounce off (which is already slightly did), but with the fact that a bullish divergence is luring in the MACD Histogram, this could become the start of a rally towards the higher level of this Bullish channel .
I did zoom out before starting this TA, and on the weekly, I see lower highs, but also higher lows. So it's a bit twisted. While zooming in I see a dropping RSI (lower highs) but that divergence could make this stock go up by monday.
Keep an eye on the Charts!
Any thoughts?
Feel free to join my new Discord Channel if you interested in talking to me and others about stocks, info and of course opportunities!
Sned me a PM for channel link.
LAST NEWS:
''One that might be worth considering is KushCo Holdings (NASDAQOTH: KSHB 0.55% ), a marijuana supplies company.
KushCo markets marijuana packaging and other ancillary supplies in the U.S., Canada, and elsewhere. Because packaging is highly regulated, this company has been able to carve out an important niche. Last quarter, its sales jumped 173% year over year to $12.9 million, but because of spending growth, it reported a net loss of $2.17 million in the period. The company's $400 million market cap means it isn't a cheap stock on traditional valuation metrics, but if it can keep itself at the forefront of its market and sales in California, Canada, Colorado, and elsewhere continue climbing, then it could be worth tucking away in long-term growth portfolios. ''
WEED - Bearish DivergenceDear Traders,
As we can see WEED managed to make a nice run, but as I said yesterday, better not enter because this is a time bomb. And guess what happened. It dropped, and in my opinion it's not ready to go up for some time.
This bearish divergence happens when we have a new high, but RSI shows us a lower high.
It's time for a big retracement people.
Any thoughts ?
Feel free to join my new Discord Channel if you interested in talking to me and others about stocks, info and of course opportunities!
discord.gg
ACB - Showing Bearish Divergence !Dear Traders,
ACB had another run yesterday at the opening but as predicted a huge sell off happened. I hope you followed my advice to not enter any trades yesterday.
We can see that ACB shows us a Bearish Divergence on the weekly chart. We got higher highs, but the RSI peaks showed us lower highs. Bulls are exhausted and we are now entering a consolidation period.
Any thoughts ?
Feel free to join my new Discord Channel if you interested in talking to me and others about stocks, info and of course opportunities!
discord.gg
CREE - Keep your eyes on this sleeping monsterDear Traders,
Bears were in control for a while but not anymore.
Bulls managed to push this baby quite a bit and now it's time to see how powerful those bulls are. Is this stock going to pierce through the 200 ema ?
RSI is overbought but this is normal which such a run, daily RSI looks sweet.
Let's keep an eye on this one. If the bulls manage to break the 200 ema, we will see a run.
Any thoughts?
Feel free to join my new Discord Channel if you interested in talking to me and others about stocks, info and of course opportunities!
discord.gg
TGOD - Bearish ChannelDear Traders,
As we've seen before, my Support line didn't hold and TGOD's price broke underneath it creating a newer low.
Even with the great news, TGOD received the 16th of October, the bears are still in control, But for how long?
The bulls have to pierce upwards from this channel in order to show that they are back in business. Until then, TGOD's price will continue to drop.
If the bulls succeed in breaking upwards, or next resistance points are:
5.83C$ (55 ema, and also our 0.5 fib level)
6.17C$ (100 ema)
6.96C$ which is the 200 ema.
Let's see how the bulls will do this week.
Any thoughts?
Feel free to join my new Discord Channel if you interested in talking to me and others about stocks, info and of course opportunities!
discord.gg
Aurora - How far can this go before a drop ?Dear Traders,
The Cannabis industry has been exploding prior to the 17th of October, ACB is one of the stocks that is going up fast! But how long can this go on ? RSI is overbought on each frame, and macd is going to cross downwards also.
PLEASE BE CAREFUL FOR A MASSIVE BEARISH SELL-OFF ! I'm not saying this will happen, but the reason why I say this is because of experience.. Buy The Rumor, Sell The News. Tomorrow is news day. Just be careful. Best thing to do is, if you haven't entered into ACB, WEED or any other booming stock, don't. Wait for a retracement and buy the dip.
WEED - How High Can It Go ?Dear Traders,
Like ACB, WEED had a great run yesterday and a lot of traders have been able to make good gains!
The question everyone is asking now is, how far will this go ???
Well that's a pretty difficult question o answer because this stock could retrace any time, but it could also pop up another 5% before starting a retracement.
My trading strategy here will be to wait out the sprint, it's too late to enter again in my opinion. I don't want to be left with a huge bag bought way too high.
One the Cannabis stock have retraced i'll load up my bags with a lot of shares.
Any Thoughts ?
Expecting TGOD volatility FridayTGOD daily has now pulled back almost 50% from its recent all time high last month and has been very weak in a sector that's holding up reasonably well. I can only speculate as I am not a fundamentals guy but I attribute this to two things. First, the uncertain future of the greenhouse its constructing in Ancaster, and second the decision Aurura Cannabis faces tomorrow on whether or not to increase their investment.
I would expect the stock to react positively to an increased investment, and negatively to a decision not to increase. Either way tomorrow we should see some volatility.
Daily and 4hr RSI is currently right around historical bounce levels but the hourly is only 28, meaning we could easily see another let to the downside before a bounce occurs.
I see support close by at 5.25 and a band of support between 4.88 - 4.97.
For anybody looking at any stock keep an eye on the market. The correlation of every individual name and sector to the overrall market is real and the market saw an all-out dump today, having now given back over 3 months of gains in the past week.
By the way, I do analysis on the entire sector across all the mj charts I publish. If you're not looking at all the names I talk about, you're not getting the full sector-wide analysis. Follow me to get updates when I publish ideas and pay attention to the mj names you typically don't look at too, so you can stay in the know and get the full picture.
Trulieve - Bears are in controlDear Traders,
Trulieve enjoyed a small 4% run after it broke out of the triangle, after this a lot of selling pressure occurred, as this stock is quite new on the market, we can't tell much yet. For example, there is still no 55 ema showing, no 100 ema and also no 200ema. Once these indicators will show up we will be abel to tell more about trulieve price action and most importantly, trulieve's future!
Any thoughts?
Feel free to join my new Discord Channel if you interested in talking to me and others about stocks, info and of course opportunities!
discord.gg
Thanks !
TGOD - Going Bullish Soon ?Dear Traders,
For those who entered TGOD at 3-5 C$ I hope you could enjoy some great profits from this stock. I was so thrilled to see it go down as it did. Finally, we reached the Buy Zone! Traders are jumping in creating more Volume compared to previous days, and TGOD is now attacking the 100 ema, and after that the 200 ema ! Those lines are the resistance points we need to keep an eye on if we enter a trade here. Right now TGOD's bulls are trying to breach the 55 ema, which could happen soon.
So, what are you thoughts ? Time to buy ? Wait for lower price ?
Feel free to join my new Discord Channel if you interested in talking to me and others about stocks, info and of course opportunities!
discord.gg
Thanks !
HEXO - Time for a new ATH ?Dear Traders,
HEXO looks juicy. Volume and momentum is rising and this could bring HEXO to a new ATH !
Aurora Cannabis - What Now ?Dear Traders,
Yesterday was a pretty weird day for ACB, we expected a run, we got one, but it wasn't as powerful as we hopped. I new All Time High (ATH) got created tho, but the question is, is there more to come
Reviewing the Chart I decided to trace some lines to see where wee are at. As we all can see Our RSI is still above 50 but for how long ? Our MACD isn't ready to cross upwards yet so this makes me feel like this price is going down more. Towards the 55 ema (blue line).
If the bulls manage to open with a nice bump it would do some good to this chart, but if we open with a downtrend, that 55 ema is imminent. I personally enterred a position yesterday hoping the bulls would create a run-up last minute but that didn't happen and my stoploss is set but not hit yet. Let's see how this plays-off today!
If the 55 ema get's hit, do make sure to look at what the MACD is doing and where the RSI is at before making an entry.
We are now inside a bearish channel and the only way the price will go up is if the bulls manage to breakout of it.
For now i'm Neutral regarding Aurora but with some luck and some good volume, we could see something good coming out of this, but that ain't certain at all.
My opinion? stay out until further notice.
WEED - Technical AnalysisDear Traders,
Let's have a look at WEED (Canopy), since it reached it's new ATH, WEED has been retracing back to the 55 ema (Which is a common thing). But the question was, will that 55 ema hold, well for now it does, but this week has been very volatile.
As long as we stay above that 55 ema, we are in a bullish mood/trend.
If we succeed in staying above the 55 ema, our next target will be the 0.5 fib level that serves as a huge resistance for WEED. Bulls have tried multiple times to breach it but without success. And until that 0.5 fib level hasn't fallen, we won't see any run soon.
Any thoughts ?
