WEED Nothing BullishVery bearish chart - no reason to catch the falling knife and buy until something confirms. Weekly MACD turning negative and already below the signal is confirming this down move.
No catalyst yet - I'll need at least a break of the recent weekly downtrend.
Meanwhile, negative divergence on the MACD and DMI will weigh on it.
Weed
SMOKE BUBBLE PART II: HUGE BREAK OUT INCOMINGSome months ago I spoke about a possible bubble on Canopy.
Actually we are near a break out situation.
50 dollars is acting since end of august as resistance. 3 attempt and no success. Price is since 5 months contracting in a range of less than 15 dollars and the trendline of the logarithmic chart is approaching.
The situation has not an easy interpretation, but something is clear. A huge breakout is approaching,weeks or a couple of months.
Trend is your friend and goes up or 50 dollars is the supply zone and an healthy correction will follow? Don't know exactly but in the next months there is place for big gains or big losses. Of that I'm sure
A break on the upper side will be strong indicative for a further parabolic growth.
BIO
LABS - Breakout of pennant, macd crossover upThe only green stock in weed sector, although its extraction company. MACD crossover up and I think it can run for another day or two. VFF beat earnings, so the whole mj sector could be green 1 or 2 days. May 14th has more earnings from mj companies.
Long GWPHUrg.. tradingview decided to hide a lot of my previous idea because I didn't go pro, what a scam.
If you like my charts and would like to support me going pro for $12.95, please msg me so i can keep sending out these ideas weekly.
TradingView
Open position at $182
Stop loss at $180
Take profit at $187
Why this play?
Gwph had a pretty good earning but got beaten down due to market conditions.
they had a lot of upgrades with price range of $200+ the last few days but they can't move with market uncertainty.
AS soon as market runs, they will fly, but ofc that will depend on market.
ACB - ShortACB closed below the green trend line on the daily.
Target 1 $7.68
Target 2 $7.31
Target 2 $7.20
Target 4 $6.32
Cannabis is an emerging market and while it will be quite big in the future, I wouldn't expect cannabis stocks to necessarily reflect that growth.
Case in point. I live in Colorado, which is arguably the Amsterdam of the US, when it comes to weed.
Seriously. Weed dispensaries outnumber liquor stores. Probably a good thing but check this out:
Many of those dispensaries are just one or two bad months away from bankruptcy and many are attempting to sell their business/licenses.
Much like commercial real estate in Denver, after spiking supply to meet demand, an equilibrium has found its place and the value of said real estate is falling.
I think Cannabis stocks are over hyped and they are not yet a value buy.
IIPR Short-term Long OpportunityPeep this nice rising wedge pattern that price has respected for the last several weeks. I'm playing a 7% potential profit long to the top of the wedge.
We're riding along a nice horizontal support around $84 and also hovering over a month-long trendline support on RSI. Solid setup with a great risk/reward ratio.
Entry: 84
TP: 90
S/L: 82.75
R/R: 3.65
TLRY weekly analysisTLRY formed a parabolic wedge bull flag last week which triggered this week and will potentially lead to bull trend resumption. The bears appear to be exiting on a test of the previous weeks bear close but the bulls will need follow through over the next few weeks. If prices continue to sell off the bears will likely test the bull breakout gap around $32 and $27.
KSHB weekly analysisKSHB is in a bull flag trading range and larger trading range after making a measured move up based on the height of the opening range. Bears need a strong breakout below the $4 low, where the bulls will probably buy again. If the bears get a breakout below prices will likely test the $3 start of the bull spike or the tight trading range around $2.
ACB - CRYSTAL BALLBlue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates potential support/resistance.
Green line indicates t/p.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
CRON weekly analysisCRON
CRON reversed down from a parabolic wedge and tested below the 1/28 bull gap and the previous all time high. Bulls still have gaps open below and are currently trying to close the bar on its high for a high 2 buy setup off the EMA. But decent selling pressure over past few weeks, possible second leg down before bulls return.
ACB weekly analysisACB 4/26
Failed L2/ nested H2 /Breakout pullback test of all time high in ACB. So far this week is a small doji bar, and small range of previous few weeks. Bull gaps still below, if prices test below last weeks bull bar prices will likely test the EMA and below the 8.00 big bull bar gap.
LEVB weekly analysisLEVB 4/26
Bull breakout from nested H2 at EMA, bull gaps open below. Possible second bull leg up from Jan rally. Selling pressure above around $6. Bulls need strong follow through above. Mostly sideways on higher time frame chart (monthly).
WEED weekly analysisWEED
WEED is in a broad bull channel with good buying pressure and no strong reversal yet. The bears recently attempted to form a lower high, but prices are stalled at the EMA and set up a nested high 2 /wedge bull flag. The bulls have a breakout gap below around $47.50. If it remains open, prices will likely test the all time high. A new all time high could form a wedge reversal down, at which point bulls will likely take profits and wait for two legs sideways to down before buying again, unless the reversal is strong.
WEED/CGC breakout BullflagCGC/WEED is moving toward previous resistance, $64-65 has been the territory of many false breakouts. This recent catalyst that reversed the downtrend may allow it to move past previous resistance, Merill Lynch initiated coverage of CGC/CRON/ACB, also at the same time CGC bought Acreage Holdings which was 3.4 billion dollar acquisition.
This was a big catalyst but more so was the Merill Lynch coverage it spawned a huge interest from new investors. Big volume event with 4x normal volume.
I will purchase options if it beats $65 and sticks. Target is $74 for me. Probably going to play this with a Debit Spread $5 apart. 6 weeks out.
Lets see how it plays out.
Paper trading this event. This isn't trading advice just a journal on tradingview.
ACB & CGC: Trending?Both these stocks have massively bullish monthly charts, and are probably reaching the euphoria phase where investors pile into them like crazy, forming a blow off top, followed by a lengthy consolidation after the bubble peaks...Daily charts give excellent trading setups using 'Key Hidden Levels' and 'Time@Mode' Techniques, created by my mentor, @timwest.
I'm long from this zone, was long from 6.26 on $ACB, and sold at 8.08:
Was long $CGC from 47.4, and sold at 49.33, then bought back recently near support, selling in profit on Friday once again.
We reentered today, and looking to profit from the next uptrend, that might confirm if $ACB earnings make the stocks gap up tomorrow.
Tread carefully, this trend might be similar to jumping into crypto by the time $BTCUSD shot from 10k to almost 20k in late 2017. Retail traders starting to get involved, institutional investors getting more confident and adding.
Best of luck,
Ivan Labrie.
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.
$PNTV is our 2-cent Cannabis play w/ 100 Percent Gain Potential!
=====================
Player's Network, Inc. (PNTV)
Float: 577.51M
Alert Price: $0.0226
Chart Analysis
Investor Presentation
Investor Portal
Message from CEO
eCommerce
Website | Recent News
========================
Members,
Are you ready for winner number 3?
We've just found what could be the biggest steal in the cannabis space at the moment.
Please turn your immediate attention to PNTV (Player's Network Inc.).
PNTV is one of the fasted growing companies in this sector.
Over the last 12 months, the Company has gone from a development stage company to a fully operational cannabis business. The business strategy is to grow by acquisitions, joint ventures, and new market opportunities in the US and Internationally.
The fact that PNTV is trading at just around two-cents has our heads spinning, especially when your consider the following.
They have recently uplisted to the OTCQB
Operate a fully functional eCommerce site which sells the highest quality CBD products made from the finest organic ingredients
$450 million in projected annual revenue via their cannabis production facilities in Argentina and Las Vegas
They are the Argentinian leader in legal sources of cannabis oil for epilepsy research, and is currently selling CBD products under its subsidiary Green Leaf PURE and will have access to low overhead, large-scale cannabis and Hemp-CBD cultivation and extraction capacity with global distribution channels anywhere cannabis and CBD products are able to be legally imported and sold.
Investor Portal to keep shareholders completely updated on all Company happenings
Trading on a nearly bottom'd out chart with what we believe to be little downside risk, and unlimited upside potential
Based on our research, we believe that PNTV is ridiculously undervalued, and could be trading at twice its current share price in the immediate future.
That being said, we are asking all of our members to start their research on PNTV immediately, and consider building a position tomorrow morning at 9:30AM EST
About Player’s Network, Inc. (OTCQB: PNTV)
Player’s Network (currently in the process of changing its name to Green Leaf Farms International, Inc. PNTV/GLFI) is a rapidly growing company in the marijuana industry with licensed grow operations in Las Vegas, Nevada and Jujuy, Argentina. Over the last 12 months, the Company has gone from a development stage company to a fully operational cannabis business. The business strategy is to grow by acquisitions, joint ventures, and new market opportunities in the US and Internationally.
Green Leaf Farms International is a rapidly growing company in the marijuana industry with licensed grow operations in Las Vegas, Nevada and Jujuy, Argentina. Over the last 12 months, the Company has gone from a development stage company to a fully operational cannabis business. The business strategy is to grow by acquisitions, joint ventures, and new market opportunities in the US and internationally.
Green Leaf Farms International has marijuana cultivation facilities in the United States and Argentina. Founded in 2014, Green Leaf Farms International currently operates a 27,000 sq ft facility in North Las Vegas, Nevada. Green Leaf Farms International and the Argentine Province of Jujuy have signed a deal to jointly develop 33,600 acres to cultivate a variety of CBD and THC rich cannabis genetics to serve both the domestic and the international markets. Canada legalized marijuana adult use in October 2018. As of February 2019, there are 30 states in the United States plus the District of Columbia that have legal medical marijuana use and 9 states that have adult recreational use. Green Leaf Farms International believes this trend of legalization of marijuana in the US and worldwide will continue and create tremendous growth opportunities for shareholders.
Establishing South American Market Leadership
On February 12th, 2019, Green Leaf Farms announced a Definitive Joint Venture Agreement with the Argentine government through its joint venture company Cannava (a Jujuy province state owned company) to develop fertile, organic farmland that occupies 33,600 acres (14,000 hectares), for growth, extraction, and exportation of essential cannabis oils and other hemp-based products to legal markets throughout the world. GLFI's Joint Venture with the Jujuy, Argentina government (through Cannava) will enable the company to supply, on a massive scale, the key ingredients used to produce an array of environmentally friendly hemp-based products, especially medical grade oils and isolates used for research and to treat an assortment of afictions
Green Leaf Farms International has partnered with the Argentine state-owned company Cannabis Avãtara to form the first governmental joint venture in the world specifically targeting cannabis and CBD. This joint venture is designed to create the largest producer of CBD products in the world with a grow operation that is 1,000 times greater in size than the largest cannabis farm in the United States. This massive undertaking will include the development of 33,600 acres of property to cultivate both CBD and cannabis products. To put this in perspective, Washington, D.C. is 43,700 acres, making Green Leaf Farms International’s newly developed cannabis farm 75% of the size of our nation's capital.
Project Overview:
14,000 hectares of licensed cultivation land on a 99 year lease.
Highly experienced and inexpensive agricultural labor force.
Perfect environmental conditions for cultivating high quality cannabis.
Can cultivate 11 months out of the year, 3 full crop cycles.
Operation and production is a “Tax Free” Zone.
All licenses provided by the government.
Green Leaf Farms Holdings
Green Leaf Farms Holdings holds all assets for seed-to-sale operations. Green Leaf Farms intends on using its brand when developing new ventures and/or through acquisitions. Due to different state laws, each state we move into into will likely have a new company incorporated to hold those assets.
Las Vegas Facility
Green Leaf Farms Las Vegas, is a 27,000 sq. ft. state-of-the-art facility that currently produces several product lines, is eagerly anticipating the first big harvest of 2019.
Green Leaf Pure eCommerce
PNTV provides consumers with the highest quality CBD products made from the finest organic ingredients via their eCommerce website.
Weed TV
weedtv.com is a niche social network and lifestyle channel destination for the marijuana industry. WeedTV.com is launching the “go-to” source for information, entertainment, products and services for people who relate to the marijuana lifestyle and an active social community.
WeedTV has its foundation in the creation, production, and wide-ranging monetization of high-quality television programming.
The network was created by successful, proven, highly-regarded Media and Entertainment Leaders who created brands like MTV. Baywatch, Nickelodeon, Players Network, A&E
WeedTV will be the media and entertainment center of the marijuana lifestyle – and the trusted, credible source of information, integrity, and medicinal resources.
Original Content
Besides user-generated content, WeedTV also features a large array of studio productions generating advertising revenue.
Recent Developments:
Players Network and Cannava Have Been Approved to Import Cannabis Seeds to Jujuy Province, Argentina to Propagate the World's Largest Cannabis Farm
Player’s Network, Inc. (OTCQB: PNTV) is in the process of changing its name to Green Leaf Farms International, Inc. PNTV/GLFI, a rapidly growing company in the worldwide cannabis market and CBD industries, with operations in Nevada and now Argentina, announced today that together with its Argentina joint venture partner, Cannava, it has received approval from the Argentine government to import cannabis seeds from the United States into Jujuy Province, Argentina.
This is the first time the Argentine government has approved such a venture. PNTV previously announced approval of seeds from a security standpoint, this approval, by the highest government agencies, was given exclusively to the joint venture with the goal of establishing Jujuy Province as the world’s leading supplier of cannabis oils, distillates, isolates, and biomass to a rapidly growing and underserved worldwide market.
As those knowledgeable of the industry know, there is an explosion of pharmaceutical, cosmetic, and health-related cannabis-infused products entering the global marketplace. At the present time most of these products are being introduced by small, start-up companies, although press reports indicate that the market demand is becoming so large and expanding so rapidly that a number of Fortune 500 companies in a wide range of industries including soft drink, adult beverage, cosmetic, pharmaceutical, and other health related industries are developing their own CBD-infused products.
This greatly increased demand for cannabis raw materials - CBD (and in some countries THC) Oils, Distillates and Isolates – will soon make these a commodity like other agricultural products. The company that dominates this market niche will be the one that establishes itself as the lowest cost, highest quality, reliable supplier. That supplier will be Green Leaf Farms International!
As previously announced, working in partnership with Jujuy Province, GLFI and its joint venture partner have negotiated a 99-year lease on 14,000 hectares or 34,600 acres (54 square miles) of prime agricultural land. The temperate climate near the equator allows virtually year-round growing conditions. In addition, working with the Argentine government, a tax-free trade zone has been established for the processing and worldwide distribution of the cannabis oils, distillates, isolates, and biomass grown on this land. Due to the quality of the land, ideal year-round growing conditions, low-cost agriculturally skilled labor force and, most importantly, absence of burdensome regulations and taxes, the company believes this joint venture with Argentina positions it to produce the highest quality, lowest cost raw materials that will enable GLFI to be the dominant player in this exploding worldwide market.
The initial genetics includes approximately 25,000 seeds of carefully selected strains to propagate in test plots. This first batch is scheduled to be delivered in Argentina this month. The Green Leaf Farms cultivation team on the ground there will immediately begin planting the initial plots.
These initial growths will allow our technical team to evaluate how the various strains react to the environment. Large scale cultivation of the chosen strains will begin in September. In addition to ideal growing conditions, the joint venture has ready access to hundreds of skilled agricultural workers in this area that will be required for this new industry being established to export large quantities of high quality medical and other full spectrum oils, distillates, and isolates to legal markets around the world.
Prior to the importation of the seeds Green Leaf Farms passed a rigorous security plan including all security equipment and protocols was developed, approved, and installed by the Argentina National Guard. The security protocol includes locking down the entire cultivation area with video surveillance, lighting, communication systems and armed guards which are all now in place.
Mark Bradley, CEO of Green Leaf Farms, states, “It has been a pleasure working with Gaston Morales, the CEO of Cannava. We share the same vision of how the cannabis industry in Jujuy can become a leading role model to the world as the cannabis industry evolves into a true commodity market.” Bradley adds, “Being among the first to view cannabis as a commodity, and meeting all the challenges we have now completed, has been rewarding in so many ways. Allowing our genetics to be imported to begin the cultivation process is a major milestone at a truly exciting time, not only for our company, but for the entire cannabis industry.”
Market Outlook:
Hemp CBD market predicted to grow nearly 40 times current size by 2022
Cannabis industry analysts at the Brightfield Group project the hemp-CBD market could hit $22 billion by 2022
Growing Demand for CBD Isolates and Distillates
CBD isolates and distillates is increasingly being used in a variety of products and industries to include pharmaceutical research, health & wellness, beauty, pet care, beverages, mental health and wellness, textiles, and more.
With revenue of $5.8 billion-$6.6 billion, sales of legal recreational and medical cannabis in the United States in 2017 topped those of Oreos and organic produce combined.
The data – published in the newly released Marijuana Business Factbook – illustrates how quickly the legal U.S. marijuana industry has grown.
It now rivals Americans’ collective spending on Netflix subscriptions – and will likely surpass McDonald’s annual U.S. revenue now that California’s massive new legal industry is getting off the ground.
By the end of 2019, sales of legal cannabis in the United States could overtake those of firearms and ammunition, an industry with a huge amount of influence on Capitol Hill.
Continued growth in mature medical and recreational markets, legalization in new states and further development of recently launched MMJ and rec industries will be the primary drivers of growth for the U.S. marijuana industry over the coming years.
But legal sales represent just a fraction of the estimated total potential demand for cannabis in the United States, which is around $50 billion-$55 billion, including black-market demand. This is how much revenue the industry could generate if the federal government legalized marijuana nationwide.
Technical Analysis:
You really can't ask for a better entry point than what we have right now.
PNTV is trading on a nearly bottom'd out chart with what we believe to be little downside risk, and unlimited upside potential.
A run back up to its 52-week high of $0.083, would show traders gains of over +267%!
We've done our very own chart analysis, and see the potential for a move of over +165%!
This could be the biggest steal in the cannabis space...
Start your research on PNTV immediately, and consider building a position tomorrow morning at 9:30AM EST
(*Remember to use a Stop-Loss Order or basic Limit Order to protect your gains, as well as limit possible losses.)
Best Regards,
The PennyStock101 Team
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CANOPY - Possible BULLISH Pennant breakout to new highs of $80Trying my beginners luck on my first post on stocks. I've been watching price action for Canadian weed stocks the past few months and it is now
finally breaking out of bearish bias, especially Canopy.
BEFORE entry, please look for confirmation on candlestick patterns or price action at important S/R lines.
If this chart helped at all, leave a like or follow.
I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA.
DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for your own as I am a complete amateur for TA.
Good luck to everyone!
Canopy Growth BreakoutAscending Triangle. I drew a symmetrical triangle here a month ago didn't work out. Seems like there wasn't enough power to push it up.
The recent FED meeting pushed the SPY to new limits. Everyone is very bullish now.
Canopy may push through to new highs within the next week.
Buying a few calls to go for it.