HEXO Swing LongNASDAQ:HEXO
HEXO is reversing like its peers within the MJ sector;
As a low priced penny stock it is likely to experience
high relative volume.
The bullish increase in relative strength on the RSI
confirms the trend.
See also my ideas on POTX and TLRY.
Trly
Tilray $TLRY Bullish BreakoutAfter touching the 500 Day bullish trendline, $TLRY seems to have had a bullish breakout of its local downtrend channel. If it has a successful retest of the break this could potentially be a bullish setup. The targets are labeled in the chart.
~First target $19
~Second target $23
~Third target $31
$TLRY Target 21.97 for 26.19% $TLRY Target 21.97 for 26.19%
Or next add level is at 12.65
I sure do love TLRY... Target is the same... let's do this...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
TLRY Upward trend reversalTrly is looking to have an upward trend reversal.
BlueWave green dot buy signal
RSI is oversold
TLRY - About to rise up?Tilray is in a nice descending triangle, RSI is prime with MACD crossing over. This is not trading advice
Aurora Cannabis - Mother of all Squeezes (100%+ upside)ACB about to go parabolic. Similar to Tilray, golden cross about to form between 20 and 200 day moving averages.
The last impulse rallied just shy of 250%, or $10 usd.. With the blue wave on our backs, we should easily see the same impulse of $10 which brings us to $22. There's a gap looking to be filled between $20-$24.
This stock is a Robinhooder's dream. Target price set to $24.
If the rally in the MJ sector continues, we could easily see $26, $31, or $46 in days.
TRLY consolidation zone....TRLY continues to consolidate before it´s next move. We remain bullish on this #potstock, along with the sector. Levels to continue watching are 6.66 on the downside. Break of that and we have 5.33 as next zone. On the upside, a strong break of 11.60 will bring us the rocket ship, a confirmation of the bullish trend and wave 3. Keep it mellow my friends.
Selling the cannabis bubble Here we can see the beginning of a large sequence to the downside in many cannabis stocks. I am going short across the board here as the sector looks very soft and recommending all to write upside volatility or simply short the common stock for infinity.
From a technical perspective we are struggling at heavy resistance and beginning a new sequence to the downside.
Sit tight, the global downturn is coming.
