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VGW: 3.58 to 4.77 to Record Highs through Q4 2019VGW has been oversold recently due to the Cannabis industry and the overall downfall of the sector. However, often times dollar stocks in the Cannabis industry (and in any sector as a matter of fact), typically are delayed in terms of their rebounds relative to the big players. The rebound has started for the large players already in the sector and I expect VGW to rebound significantly - especially based on significantly beat revenue numbers from the last quarter. There will be heavy resistance from about 3.80-4.00, however, I expect by September, VGW should be near 4.50. VGW revenue, profit, adjusted EBITDA all soared quarter to quarter. This is one of the few companies that have continuously grown from quarter to quarter with no sign of slowing due to their methodologies. It is important to note that previous session bearishness on dollar stocks rarely get carried over session to session. Therefore, it is important to study for a good entry, but do not let a poor one day session influence you from missing out of a dollar stock all together. - zSplit
VLong
by PaulDeep19131
Just Some Weed For Fun (TLRY)I primarily focus on cryptocurrencies, but since many are stagnating at the moment, I'm looking at some other assets for possible setups. If I had some extra investing capital right now, I'd actually enter a small position here. The market seems to be overreacting a bit, and TLRY is now at a prior resistance level turned support. If it can bounce here (ultimate oscillator is showing a potential bottom with a large divergence), Tilray can make an attempt to break the downtrend channel. If this happens, near term targets are around the $50 and $65 levels. You can see that clearly on this chart. However, if Tilray cannot hold above current levels, it can head easily to the $24 zone (next support). There is significant downside risk here, so a stop loss might be a good idea, if one were trading this. With stock market volatility at extreme levels, it's important to recognize the risk associated with opening short term positions (particularly on margin). I would expect current share prices to be fairly strong entries for the long term. Analyzing is just a hobby of mine. I am NOT actively day trading at this time. This is certainly not financial advice. When looking at equities, it's important to assess the whole picture and do diligent research. We shall see. -Victor Cobra
NASDAQ:TLRYLong
by VictorCobra
$WEED support lost, will the channel hold? #WEED #CGCOh well, were definitely expecting more energy from around here but now it seems to be that the support that has been holding the price on right course since December '17, is lost. This channel where the price bounced a tiny bit right now has also been tested few times earlier. Not looking that impressive here, for me at least. If this channel is lost, we may see this stock around sub 40 CAD and then maybe even sub 30 CAD. Seems crazy with all this legalization just keep on spreading that the price would see stupidly cheap prices but maybe still lower from here a bit. Direction will chance soon - after the market has done what has to be done.
TSX:WEEDShort
by paskalien
Long on CRON after bounce off trend lineNASDAQ:CRON Illinois recently made huge progress by being the first to legalize marijuana through state legislation. I think this is going to be the turning point for legalization across the United States, and potentially even federal legalization sometime in the next couple years. The whole gay marriage thing did something similar a few years back, and I think we're going to see the same thing here. Slow progress, sudden progress. CRON just bounced off a trend line, and is heading towards a trend confirmation line. It may retest this lower trend line, but it will do so with a higher low. I believe we'll see this gain the 63% back to retest highs before breaking through on to new highs. This 2 year uptrend is mighty convincing. I think this is a great entry for a long.
NASDAQ:CRONLong
by pobudz
1
Tilray - Follow the raysNASDAQ:TLRY $TLRY went through a rough year. The greed/fear cycle played itself out, and here we are... back where we started. $34 is a major support, and we just double tapped it and started an upward trajectory. Based on the volume profile of the stock, I think we're headed back towards an equilibrium, right around the mid 70s. We'll consolidate at 50 for a bit, but then I expect us to move quickly up to about 78, where another area of consolidation will occur. We may see some brief consolidation around 60, but it'll be short lived as it's not a major zone. Follow Tilray's rays. Low created a high, a higher low and a higher high. That's an uptrend, my friends. Keep stops tight, but I believe we've found the bottom at 34. The uptrend was confirmed by a last kiss, which is icing on the cake.
NASDAQ:TLRYLong
by pobudz
CGC - Elliott Wave analysis - At a cross road6/29 - what could have been the beginning of the 3rd wave starting in mid April failed to materialize as price action headed into a descending triangle. Therefore I had to re-position the count of Wave 1 to April 30 - With the re-positioned count, we are currently in Wave 2 nearing the end of another descending triangle. If this holds true, we expect price to move up in a thrust to Wave 3. - Invalidation Point: $25.26 if Wave 2 retraces all of Wave 1, this count is no longer valid and we are likely in Wave (c) of a corrective cycle. - Confirmation Point: $80.23+ price breaks above the length of Wave 1 such that Wave 3 is not the shortest wave.
C
by dencor
3
Analyse - Long Term vision for Aurora Cannabis $ACBLogarythmic View : Nice bounce on the LT Trend line , Support need to be confirmed RSI is increasing and is repeating a 2-year-old pattern that with pure coincidence occured from May to August at that time... Damn god is it so easy ? Just play repeat and smash it off ? Well let's see ! The funny thing is that it's really similar to BTC charts ! To sum up : Huge Potential Upside guys Moreover, Pot Stocks & Cannabis industry are going very well. Good News are coming from everywhere , even for Cronos Group , Tilray , Zyne Pharm. and so on... Government and Laws are becoming more & more flexible towards CBD stuffs which provide a answer for Physical Human issues (sickness , cancers, pains... ) And our Generation is changing, globalized , curious of everything, and everyone know what is it. Consumption & Adoption have begun in the early ages, and now it's going Industrial, Big ! Keep an eye on ! ***This is not a financial advise*** (ykwm) Nico Don Crypto
ALong
by NicoDCrypto