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CGC Loses UptrendCGC has fallen out of its uptrend channel(orange lines) and has returned to a previous consolidation range(blue lines). The trend for now has shifted back to neutral as long as price is within the blue lines; a break back above the blue channel would be bullish, a break below bearish. The PPO is indicating a negative short-term trend with the green PPO line declining below its purple signal line. Worth noting is that the green PPO line is close to crossing below the centerline which would indicate a more substantial downtrend should the PPO continue to fall below the centerline. For now, the lower blue line near $17.50 is the level to watch for support, a move below that line would shift the trend to bearish.
C
by PrepForProfit
2
CRON Make or Break! Crypto Crusader here with an extremely speculative pick, a weed stock, to be exact Cronos Group. I don't have the time to discuss a more detailed analysis, but I'll post this chart to explain my thinking regarding technicals. In regards to fundamentals, Altria (the maker of Marlboro) owns just under 50% of Cronos Group. You have to wonder, the maker of the worlds most popular cigarettes (regardless of tobacco being an addictive substance) must have a top notch marketing team behind them. They have billions of dollars, and it's in their best interest to see their investments profit. I'm sure they have a plan for Cronos. This is going to be almost purely speculative as a short / medium term investment, I would expect 50%+- swings in either direction. My entry was around $7.5, lets see how high this stonnkk can go! May the trading God's be in your favor! Crypto Crusader
NASDAQ:CRONLong
by CryptoCrusader
3
CGC: Has the Sentiment Finally Changed?It finally appears the sentiment for pot stocks has changed, especially with some adequate news for some stocks, and actually some revenue surprises for other stocks. It appears for many stocks it is now 'safe' to put small lots in, however, one must enter slowly as the short interest on pot stocks will remain absolutely immense for at-least 4-6 months. Nonetheless, even as sentiment begins to push upward, one must expect extreme volatility, even within a days time. At this point, this is one of those sectors where you want to invest and never look at it again for a few years as the volatility could force premature panic selling. An ETF would be a worthy bet since the sector remains far too infantile to choose a "winner". My Favourite ETF: HMJU (BetaPro 2x Leveraged Return). - zSplit
TSX:WEEDLong
by PaulDeep19131
Alternative Harvest ETF - Pass the profits to the left hand sideBuy ETFMG Alternative Harvest (MJ.US) ETFMG Alternative Harvest ETF is an exchange-traded fund incorporated in the USA. The Fund seeks total return performance of the Prime Alternative Harvest Index, which tracks companies likely to benefit from the increasing global acceptance of various uses of the cannabis plant. Market Cap: $764Million Cannabis stocks have attracted fresh buying interest in recent days having traded in a terrible downtrend for many months. The ETF has broken out of an ending wedge formation and looks set to unwind some of the short interest that has accumulated over recent months. There are several levels to target on the upside with the ultimate price target being around 52% above yesterdays closing price. Stop: 15.72 Target 1: 20.15 Target 2: 23.18 Target 3: 27.10
AMEX:MJLong
by Investamate
1
IIPR: Sentiment Remains Neutral Until Break/Re-Test $86IIPR is one of my top stocks for the Cannabis sector. Excellent growth, excellent potential and plenty of upside. This will likely have one of the top CAGRs over the next half decade for dividend stocks. As expected with Cannabis, there is still a HUGE amount of short interest in the entire sector so investors must be aware that what can go up 5-10% in a day can come down 5-10% the next day. I believe one of two possibilities will happen as per my magenta and yellow line. My bet is currently on the magenta line as I see a cup forming off the monthly to likely $86-87 with likely a handle a few dollars below that resistance level. With 'weed' sentiment turning the corner seemingly as of very recently, I don't foresee this stock failing to breakout for too much longer, however I have shown both possibilities for investors. My TP of $120-130 by year-end still remains that I put out a month ago. IF 'weed' sentiment can drastically change which is possible, theres no reason to believe why this stock cannot make ATHs. Target areas shown on screen. - zSplit
NYSE:IIPR
by PaulDeep19131
IIPR: Strong Buy for 2020; May Have 'Broken Out' This TimeIIPR is one of my top 2020 picks as their dividend growth has been impeccable and their stock has really only plummeted from its highs because the cannabis sector essentially went through a major correction. I believe certain (not all) cannabis stocks will make a strong rebound in 2020, but the sector itself may be 2 or so years before attracting major buyers back again. Somewhere in the near-term would be a good time to buy IIPR as I see it being one of the most explosive REITs in the entire stock market for capital appreciation and dividend growth over the mid and long-term especially as speculative money re-enters cannabis in the next 2 or 3 years (again). The sector is expected to grow exponentially by 2022-2023. This stock may have surpassed its R1 yearly pivot and should be safe for a small entry. However, for a larger entry (unless you have a high appetite for risk) waiting for a reaction tomorrow could be essential in determining if this is the "real" break-out or not. Having said that, I expect the stock to break-out of its long anticipated descending triangular wedge from its ATH in the early days or weeks of 2020, if it hasn't today, already. Technicals - Bounced off lower base on descending triangular wedge (i.e. did not break to the downside) - End of negative sinusoidal squeeze is fading (turning to bullish) - RSI creating a floor (bullish indicator) - Momentum is growing (bullish indicator) - zSplit
NYSE:IIPRLong
by PaulDeep19131
Warrants On Sale :) Here is a breakdown I did of the relative cost of warrants (RCW) in respect to cost of SP (3$ to exercise Warrants) Shares VS Warrants %RCW $10.24 $3.51 34.3% $5.81 $2.76 47.4% $4.63 $2.34 50.4% $3.69 $1.71 46% $2.65 $1.05 39.6% $0.75 $0.21 28% Todays Sale Dec 19 $0.74 $0.17 22% (If you're converting S -> W today is one of the best days to do so) If you analyze this and actually graph it you get a bell curve, this means that when the SP is low or high the relative cost of warrants is low and when the SP is in between ATH & ATL the the relative cost of warrants is much higher. Do what you do with this data, I already said too much. IMO Have a freakin gr8 d3y
TLong
by lilsatoshi
1