LHS - Technical AnalysisDear Traders,
After a whopping 170% run, Liberty Health Sciences (LHSIF), Has started it's retracement, and in my opinion, it's not done retracing just yet.
If you look at the green circle you'll find a perfect entry. a bounce off of the 0.50fib level where the 55 ema and the 200 ema is located. If a bounce off takes place, there is also a chance that the 55 ema crosses the 200 ema which would be very bullish in our case.
What are your thoughts?
NEWS: technical420.com
About Liberty Health Sciences Inc:
Liberty Health Sciences Inc. manufactures and distributes medical cannabis. The Company cultivates and markets pharmaceutical grade marijuana. Liberty Health Sciences markets its products in the United States and Canada.
TGOD
TILRAY - Tecnical AnalysisDear Traders,
After TILRAY's crazy 92% run, it was time for it to retrace, and it did. Now that TILRAY has found support at the 0.382 fib level, we need to think. There are 2 possibilities here, or we retrace down to the 200 ema (which would be logic), or we have found enough support at this fib level to start building up again.
I drew a green line marking a resistance line, and TLRY needs to breakout of it before turning bullish again.
A good entry would be the 200 ema on the 1hr chart.
What are your thoughts ?
ICNA - 55 EMA BattleDear Traders,
ICNA is in a battle right now, the 55 ema is the battlefront. If the bulls achieve in breaking above it with Momentum and volume, we might see another run towards the 0.5 fib level, that is a key resistance.
GTEC - 200 ema entry point?Dear Traders,
A little update on the GTEC stock.
Our MACD shows us a Bullish Continuing Divergence, which is a bullish sign. This combined with the 200 ema being close, I'm expecting a bounce off from that 200 ema located at 1.08$. This might be a very good entry point in my opinion, but, if you are entering I would choose your stoploss carefully.
I'm saying this because on a GTEC Bullboard, i saw some negative messages coming by such as : ''recent press release said they lost an expansion because the city voted no. also they just applied for an alberta sales license, I work for the AGLC, this process takes 4 months.''
People are saying it's price will drop under 1$ blablabla... This could be to create FUD, so that they can buy cheaper. I'm only relying on TA.
Fud is something you come across on each forum about a stock unfortunately.. I didnt find any official press release backing up the negativity this person said on the bullboard so let's see how this plays off.
TRULIEVE - Bullish or Bearish ?Dear Traders,
A little update on TRULIEVE.
Price retraced towards the 0.5 fib level and touched it many times, but the bulls managed to close with the price above the fib level, and above the 55 ema, which is a bullish sign, but on the other hand I see a MACD that isn't crossing upwards yet, and a RSI that's under 50. These indicators show many a lot of possibilities so I prefer to stay Neutral until further notice.
What are your thoughts ?
Aurora Cannabis Inc - New All Times High Incoming !Dear Traders,
Aurora Cannabis Appears Headed to the New York Stock Exchange! This news came out yesterday just before the closing of the market. And as we can see ACB's price broke out like we hoped it would, this is the kind of news we needed to get to a new ATH.
Read more about the news here: www.newcannabisventures.com
Another thing to keep in mind is that Aurora Cannabis Inc. owns 21% of TGOD, so I'm pretty sure TGOD will get benefits from this news. Aurora can still buy up to 51% of TGOD, and this will eventually happen.
Let's see how far Aurora will go on Monday! I'll keep you up to date.
APHRIA - Technical AnalysisDear Traders,
Today I'm having a look at APH, As we can see we had a retracement going on for a week, and it's price now hit the 200 EMA on the 4H chart. this happened before and it created a nice bounce. The question is, will this support level hold again? My guess? Yes. Look at that continuing BUllish divergence in the MACD, this shows us something will happen soon, and it's bullish. Perfect entry point would be the 200 ema.
APHRIA NEWS: Aphria To Announce First Quarter Results On October 12, 2018 => Keep on eye on the charts that day, good news could bring more vol. - Source: web.tmxmoney.com
ABOUT APH:
Aphria Inc is licensed to produce and sell medical marijuana, including dried cannabis and cannabis oil, as a Licensed Producer under the provisions of the ACMPR.
ICNAF - Growing Vol ? New breakout ?Dear Traders,
ICNA had a new run and retraced a little bit before finding support at the 55 ema (which was expected).
I traced a red support line and a green resistance line which will help us figure out when a breakout upwards or downwards will occur.
Right now our price as bounced off the 55 ema, with a volume that is building up, this could mean we will see a rise in the price this Monday.
If the bulls buy the resistance at the 0.386 fib level we might get another run which will, in my opinion, create a lower high. The 0.5 fib level might stop our run, but with enough momentum and vol we could break through it. Let's see what happens on Monday.
Latest news: globenewswire.com
''Integrated Cannabis is pleased to announce the successful completion and positive results of a controlled trial of its proprietary Sleep product.''
Watch TGOD hourly chart for the early signalsTGOD broke the high of Thursday by a penny with no followthrough, remaining in its daily bearflag setup and giving the bulls cause for concern. Key support to hold is 5.92 and bulls must break 6.44 with follow through on big volume in order to negate the bear flag. Anything on the daily chart under 7.30 is just a lower high.
To change the trend the bulls will need to negate the bear flag, set a lower high below 7.30, set a higher low above 5.92, then break out to higher highs. If that happens, there is a lack of resistance between here and all time highs and there could be a decent move to the upside.
Bulls do appear to be buying the dips the past three trading days but will need to break above our clear resistance level on the daily chart.
Looking at the 1hr chart we do see an equilibrium playing out with successive higher lows. The most recent low to hold is 6.07, so any bottomfishing attempts would be made against that support. Break that support and that will increase the likelihood of confirming the bear flag and dropping down to lower lows on the daily chart.
MARIMED - Technical AnalysisDear Traders,
This stock got me exciting 2 days ago, and to see it run as it did is just great. I do think its time for a small retracement but overall feeling is bullish.
TGOD bear flag setup gives bulls little comfortTGOD daily chart is weak, similar to Aphria with a convincing bear flag pattern printing. Bulls could only break high of yesterdya by 3 cents before immediately rejecting and pulling back. Daily RSI level is right up against a downtrend line; bulls are going to need some volume to break the high of today and to break through that RSI downtrend resistance in order to negate the bearflag. A break of 5.92 will confirm the bearflag. If the bulls do find continuation of the bounce, anything under 7.31 will be a lower high.
Key daily levels - 5.92 - 6.43
Zooming into the 4hr chart we don't see a very optimistic picture whatosever - sideways consolidation doing nothing except cooling off the RSI potentially in advance of another leg down. Our 4hr higher low in the equilibrium is at 6.00, if we lose that level we will likely break the daily support as well.
Be aware there is market correlation between the mj sector with the S&P500, and keep in mind that SPY lost the daily uptrend today. It's often said that high tides raise all boats; likewise, low tides can beach all ships.
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 - Technical AnalysisDear Traders,
We don't have enough data to predict what so ever, for now, the only thing we can do is draw the lines and see how this will evolve over time.
There is a lot of hype around this stock so anything could happen.
About Trulieve Cannabis Corp (TCNNF) :
Trulieve Cannabis Corp. operates as a holding company. The Company, through its subsidiaries, engages in the cultivation, possession, sale, and distribution of medical cannabis. Trulieve Cannabis offers its services in the United States and Canada.
TILRAY - Technical AnalysisDear Traders,
We can see that TLRY has broken out but without big volume (which I expect, to be honest).
I think most Traders/Bots are waiting for the MACD to cross upwards signal before creating another run-up.
Let's see how this plays out.
If you enter, don't forget your stop loss.
About TILRAY:
Tilray, Inc. engages in the research, cultivation, production, and distribution of medical cannabis and cannabinoids. Its products include dried cannabis and cannabis extracts. The company was founded on January 24, 2018 and is headquartered in Nanaimo, Canada.
Latest news:
www.fool.com
Kalytera - Technical AnalysisDear Traders,
As we can see KALY is retracing, the idea is to find our next entry point.
Have a look at the green circle, that 50 fib level might be our point of interest.
About Kalytera Therapeutics
Kalytera Therapeutics, Inc. ("Kalytera") is pioneering the development of a next generation of cannabinoid therapeutics. Through its proven leadership, drug development expertise, and intellectual property portfolio, Kalytera seeks to establish a leading position in the development of novel cannabinoid medicines for a range of important unmet medical needs, with an initial focus on graft versus host disease (“GVHD”) .
Kalytera also intends to develop a new class of proprietary cannabidiol ("CBD") therapeutics. CBD is a versatile compound that has shown activity against a number of pharmacological targets. However, there are limitations associated with natural CBD, including its poor oral bioavailability. Kalytera will seek to develop innovative CBD formulations and prodrugs in an effort to overcome these limitations, and to target specific disease sites within the body. Kalytera intends to file composition of matter and method of use patents covering its novel inventions, with the goal of limiting future competition.
Website Home: kalytera.co
News and Insights: kalytera.co
Investors: kalytera.co
TGOD - Technical Analysis - Reversal Point reached ?Here is my TA for TGOD, did it reach a reversal point ?
As you can see we are still in a bearisch channel but as soon as the bulls manage to breakout, we will have a bullish mood again with more volume.
17 october (Legalisation of marijuana in Canada) is getting closer, I can't wait to see what will happen.
What are you're thougts ?
ABBVIE - Technical AnalysisDear Traders,
ABBVIE looks to be on the edge for a breakout, the MACD shows a Bullish Hidden Divergence which backs-up my LONG position.
Any thoughts ?
About Abbvie:
AbbVie, Inc. is a research-based biopharmaceutical company, which engages in the discovery, development, manufacture and sale of a line of proprietary pharmaceutical products. It is focused on treating conditions such as chronic autoimmune diseases in rheumatology, gastroenterology and dermatology; oncology, including blood cancers; virology, including hepatitis C and human immunodeficiency virus; neurological disorders, such as Parkinson's disease; metabolic diseases, including thyroid disease and complications associated with cystic fibrosis; as well as other serious health conditions. The company was founded on January 1, 2013 and is headquartered in North Chicago, IL.
GWPH - Technical AnalysisDear Traders,
GWPH, also known as GGW Pharmaceuticals plc (GWPH), has been following its bullish Channel pretty well. Thos I don't really know if im Bullish or Berish for now. We have good volume, we are in a bullish channel, but we are under the 1H 55 ema (Blue line). If resistance at the 55 ema holds, we will see a bit more retracing, but if we succeed in buying that resistance, i'll be 100% bullish.
About GWPH :
GW Pharmaceuticals plc researches and develops cannabinoid prescription medicines for the treatment of cancer pain, Multiple Sclerosis, and neuropathic pain.
Latest News:
finance.yahoo.com
GTEC - Technical AnalysisDear Traders,
As we can clearly see, GTEC's price is in a bullish channel. With a Hidden DIvergence in the MACD, it could be possible we will soon see a run-up.
This Hypothosys would be cancelled if we break downwards from the channel.
Last News:
Update on Status of Sales License and Other Operational Updates:
GTEC Provides Update on Status of Sales License and Other Operational Updates
GTEC Holdings Ltd. (GTEC.V) (GGTTF) (“GTEC” or the “Company“) is pleased to provide an update on the operations of its wholly owned subsidiaries.
Alberta Craft Cannabis Inc. (“ACC”) is a Licensed Producer under Health Canada’s Access to Cannabis for Medical Purposes Regulations located in Edmonton , Alberta. ACC operates a 14,000 sq. ft. craft cannabis cultivation facility. ACC has currently completed its initial harvests and has notified Health Canada. The Company is now awaiting Sales License inspection to be completed within the expected timeline.
F-20 Joint Venture (“F-20”) is a GTEC agreement with F-20 Developments Corp. to develop a premium indoor cultivation facility in Vernon, British Columbia . GTEC’s operations team has completed the final design of Phase 1 construction plans. The building will be retrofitted to facilitate the cultivation of premium cannabis. Phase 1 of this partnership is currently underway, with completion anticipated for Q2 2019. GTEC expects to complete Phase 2 designs by Q1 of 2019.
Tumbleweed Farms Corp. (“Tumbleweed”) is a late stage ACMPR applicant based in Chase, British Columbia . Tumbleweed has completed its purpose-built exterior and is near completion of the interior construction. The Company anticipates that it will commence cultivation over the duration of the fall season. Tumbleweed has also signed a contract with the Pacific Agricultural Certification Society (“PACS”) with an objective to be one of the first certified organic cannabis companies in Canada .
GreenTec Bio-Pharmaceuticals Inc. (“GreenTec”) is a late stage ACMPR applicant based in Kelowna, British Columbia . GreenTec is currently in Phase 1 of development, building 20,000 sq. ft. of its planned 80,000 sq. ft. craft cannabis cultivation facility. GreenTec has recently completed the exterior of this building and anticipates completing the interior construction and commencing cultivation in Q1 2019.
Grey Bruce Farms Inc. (“Grey Bruce”) is a late stage ACMPR applicant based in Kincardine, Ontario . Grey Bruce is currently building a 15,000 sq. ft. craft cannabis cultivation facility. The Company has made substantial progress in completing a major retrofit of its existing industrial building and anticipates that it will commence cultivation in Q4 2018.
Falcon Ridge Naturals (“Falcon Ridge”) is a late stage ACMPR applicant located on a certified organic farm in Kelowna, British Columbia . Falcon Ridge was seeking to construct a 10,000 sq. ft. facility. On October 1st , Kelowna City Council voted against the Falcon Ridge project application, due to recently adopted land zoning issues related to the proposed facility being within the B.C. Agricultural Land Reserve. Accordingly, GTEC does not anticipate moving forward with this project, and plans to re-allocate Falcon Ridge capital funds to its larger facilities and/or for existing expansion opportunities.
Spectre Labs Inc. (“Spectre”) is a cannabis oil extraction facility based in Kelowna , British Columbia. Spectre has acquired land and building to develop a state-of-the-art facility. The Company has completed initial design work and submitted an application to the Office of Controlled Substances for a Dealer’s License. The site will be developed in a phased approach and will serve as a Good Manufacturing Practices (“GMP”) grade facility with extraction, formulation, compounding and export capabilities to support GTEC’s Licensed Producers and the global medical market. GTEC also intends to utilize Spectre to manufacture edible products that are expected to be incorporated into Health Canada’s regulatory framework in 2019. GTEC was notified on July 17 th by the Office of Controlled Substances, that Spectre has been assigned an application number. From the time of receipt of a complete application, the Controlled Drugs Section commits to a service delivery standard of 180 business days for the issuance of a decision on an application for a new Dealer’s Licence for controlled substances.
Canopy Rivers Inc - Technical AnalysisDear traders,
Here is my TA for Canopy Rivers Inc,
We find ourselves in a downtrend channel from which we need to brake out in order to change the mood.
With the MACD Continuing Divergence, which is a Bullish sign, we now need to see higher lows and lower lows in order to breakout from this channel.
What is you're opinion on this stock ?
Aurora - Technical AnalysisDear Traders,
Looks like we enterred a second ''bearish'' tunnel, but if we succeed in breaking out of it like we did the first time we might see another run soon. But if we break downwards we will officially retracing towards the 0.5 fib level again, which held twice already so that looks like a good entry point for those who want to re-enter this trade, but this will only happen if we break downwards of this channel.
About Aurora:
Aurora Cannabis Inc is a Canada-based company engaged in the production and distribution of medical cannabis. The Company is vertically integrated and horizontally diversified across every key segment of the value chain, from facility engineering and design to cannabis breeding and genetics research, cannabis and hemp production, derivatives, home cultivation, wholesale and retail distribution. The Company's purpose-built facilities, which integrate technologies across all processes, are defined by automation and customization. The Company has a funded capacity of more than 500,000 kilograms per year, as well as sales and operations in more than 18 countries worldwide.
TGOD on oversold bounce watchTGOD is on top watch for me tomorrow. Down 32% since hitting all time high last week, and now hourly oversold with RSI of 23. Hourly RSI 18 is a historical bounce point so if the bears are aggressive tomorrow with a flush first thing we can look for an entry, otherwise there is still room to the downside so I will be very patient waiting for the move if it doesn't happen first thing on open.
TGOD is in an area of significant support, closing the day at two key fib levels. We're at the .5 retracement of all time low to all time high, and at the golden pocket of the retracement from low of summer consolidation after last all time high, to current all time high.
This is a very short term play. TGOD is not changing the downtrend anytime soon, and I am looking to trade against the trend, so I will be fast to exit, perhaps as fast as 2-3 minutes after entering.
Supports I'm playing off of are $6.51 and $6.01
