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TLRY 50? ESCAPING THE INELASTIC CHOKE FUTURE OF CANNABISGood evening Trading viewers, I present to you my second analysis on weed stocks. Is it a voodoo or a complex set of modelers in background or a mystic play of my mind. The infinity governance of time and space has played in part lower single digits. The axiom quantification of price says tlry $50, is it possible?!!! Stop loss 1$. We will see, maybe i am right or maybe i am wrong. Three years from now we will see and ponder about magnification of the ideas. Let the game begin
TLong
by Wallstmessiah
1
The Difference Between A Death Cross And A Golden Cross?What Does The Death Cross Tell You? The death cross occurs when a short-term moving average (typically 50-day SMA) crosses over a major long-term moving average (typically 200-day SMA) to the downside and is interpreted by analysts and traders as signaling a definitive bear turn in a market. The opposite of the death cross occurs with the appearance of the golden cross, when the short-term moving average of a stock or index moves above the long-term moving average. Many investors view this pattern as a bullish indicator. The golden cross pattern typically shows up after a prolonged downtrend has run out of momentum. As is true with the death cross, investors should confirm the trend reversal after several days or weeks of price movement in the new direction. Much of the process of investing by following patterns is self-fulfilling behavior, as trading volumes increase with the attention of more investors who are driven in part by an increase in financial news stories abut a particular stock or the movement of an index. Limitations Of Using The Death Cross All indicators are “lagging,” and no indicator can truly predict the future. Once & while a death cross can produce a false signal, and a trader placing a short at that time would be in some near-term trouble. Despite its apparent predictive power in forecasting prior large bear markets, death crosses also do regularly produce false signals. Therefore, a death cross should always be confirmed with other signals and indicators before putting on a trade.
TSX:WEED
by ScotianBot
Canopy Growth ($WEED) is a price floor finally forming?Canopy Growth, widely-considered one of the most successful public companies in the cannabis sector, has shown a pretty volatile history as traders try to set prices and speculators skew supply and demand in this nascent industry. One thing is certain, many of the traded cannabis companies will fail commercial, some are simply shell companies holding portfolios full of other shell companies in cannabis, bioceuticals, vaping and cosmetic etc. Canopy Growth, however, is definitely considered to be a company to watch and which all cannabis stock investors should hold. Obviously, this area underwent a hype cycle where prices became hugely inflated far beyond the capacity of these companies to deliver profits at the time, but what does the future hold? The fundamentals here are good with increasing cannabis use across all demographics, however they will largely be determined by legislation. It's a case of wait and see, but cannabis bulls are optimistic here. From a technical perspective, we need to ask whether these previously high growth stocks could be in a secular bull market, that is a market displaying continuous net growth characterized by short-term and alternating bull and bear phases. If this is the case, we should expect to find the bottom for Canopy Growth around here. Technically we should see long-term support structure develop here, which tests the price floor a number of times indicative of accumulation. For cannabis bulls none of this matters, they will be buying here anyway. --------------------------------------------------------------------------------------------------------------------------------------------------------- weedmoon -- Pumping Weed Stocks to the Moon All information is provided informally, without any acceptance of liability or guaranty on the part of the author "weedmoon". All trades made by the reader are the sole responsibility of the reader. 420 Ho!
TSX:WEEDLong
by weedmoon
1
Ascending Triangle, is Canopy trading in a hidden pattern?There's also merit for a another Inverse H&S to play out here, after a few more trading days next week we may see the shoulder continue to develop or a retest of the bottom upward sloping line of the Ascending Triangle, which would also negate the inverse H&S narrative, but the bottom of the ascending triangle could still hold & result in a bullish outcome, keep in mind these patterns have a tendency to finish roughly 70% to 80% way through the pattern in either direction frequently. Key Takeaways An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends An inverse head and shoulders pattern, upon completion, signals a bull market Investors typically enter into a long position when the price rises above the resistance of the neckline. An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The breakout can occur to the upside or downside. Ascending triangles are often called continuation patterns since the price will typically breakout in the same direction as the trend that was in place just prior to the triangle forming. Key Takeaways The trendlines of a triangle need to run along at least two swing highs and two swing lows. Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy.
TSX:WEED
by ScotianBot
IIPR: Broke $86 Key Level a While Ago: Now it Will Soar!I noted about a month ago that IIPR remained as neutral for investors until it broke the 86.00 level then re-tested it. Obviously, we have clearly done that and as such I am incredibly bullish on IIPR. The stock found support about 40% off its peak to low during the weed bear market which is far better then many others that plummeted 100-200%+. During this time, IIPR actually hiked their dividends and continued to post record revenue, profit and EPS growth which are all signs of an excellently managed company. IIPR will likely become one of the stock markets favourite stocks again (like it was back in early 2019) and will likely surge to over $150 before the end of 2020. The tables will slowly turn for the better in the weed sector later in 2020 and that will keep IIPR elevated inherently. This will be one of the stock markets top dividend growth stocks and small cap stocks! Technicals: Cup to Shallow Handle 2020 TP: 150+ - zSplit
NYSE:IIPRLong
by PaulDeep19131
1
Weed Exposure? GRWG and IIPR is All You Need to KnowI'm certainly not the first person to talk about GRWG on this site but I do want to echo the fact that GRWG is one of the most promising - although an auxiliary player - in the weed industry. GrowGeneration focuses on hydroponic retail stores, including selling supplies/materials and assisting clients in growing weed and amongst other things. Whats key here, is that GRWG unlike 95% of the entire weed sector, has posted record revenue and eps growth quarter by quarter for the last few years. In the near-term we can expect GRWG to reach over 7.50 and beyond, with a year end target of $10-12. Its nice to see that in an environment where retail stores are struggling GRWG has had nothing but success. It appears the future of retail stores are only to be successful for specialized niches like dollar stores, and in this case, hydroponics. GRWG does trade on the OTC therefore expect volatility. -- IIPR is also an auxiliary player in that they are "the one and only" REIT for the cannabis sector. Interestingly, it is one of the cannabis stocks that although lost market cap during the weed bear market, it was one of the few that did not get completely destroyed. One of the reasons I really love IIPR is the fact it has consistently posted record revenue, profit and EPS growth and they have increased their dividends very handsomely. I view IIPR as one of the stock markets best dividend growth stocks and one of the top REITs to invest in for the coming 5+ years. I have been bullish on IIPR for quite a while, and now that it has clearly broken and re-tested the $86 level, it will have healthy gains. -- IIPR and GRWG = Your top two choices for the weed industry. - zSplit
NASDAQ:GRWGLong
by PaulDeep19131