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Close to Retracing All Previous Gain, Lot's of News CatalystsWeed stock operating in the United States. Listed on the CSE, which is where it gets most of it trading volume. Reason I'm not entering now is because there were some heavy sell offs recently, and also because of the state of marijuana stocks in the United States. Most of the funding comes from Canadian investors though. It should get some laggard carryover once we start to close in on October from Canada legalization news pumping up the market again. Most marijuana stocks in Canada are in key support levels right now
SLong
by alipipefitter
Tilray INC, TLRY. IPO release, high risk trading!lets keep it simple. if you havnt check out my other crazy accurate charts, then go ahead! I dont like charts without data, but this recent IPO release should be positive for the chart. We can only really look at smaller time frames for this since its out for a few days, im playing bounce zones. No long terming here. we have buy signals starting to stack on the 15, and reaching a level of resistance. Lets see how it plays out. Not much else here to look at, mostly speculation. I want everyone to win! Happy trading, debating and speculating!
NASDAQ:TLRY
by ToddGreen
$DPWW - speculative MJ play with huge potentialChart will tell you the story on the price standpoint. Right now, to me at least, the stock is down big due to low trading action during summer months but a lot of this will reverse with upcoming Fall trading as well as MJ catalyst of Canada set to go legal on Oct 17 2018. DPWW currently operates two premium MJ stores - one in Colorado and another in Seattle. Co just released news last week about plans to expand in Colorado and Cali. There was a $700K capital infusion in the co from previous investors. The very next day, company PRed that they have secured their second store in Colorado. So next PR will be for store in Cali. Lots of good info out there on the co and the investor out of SFO they are using to fund their store expansion. Chart looks very interesting to me at this bottom range with upcoming sector-wide catalyst. SS is very attractive here and currently the mkt cap is less than $2M.
OTC:DPWWLong
by rogerthat191
1
WEED, Canopy Growth Corp, TSX. The Big 100 Idea!?Keeping it simple. I personally am a bounce chaser, but occasionally like to post these long term goal charts. I drew a long term 2 year wedge, that leads right into 2021. This is a long time to draw a wedge for waiting for it to play out, as there will be many factors contributing to the ups and downs of this one. We have some sell signals on the weekly, which could destroy this wedge really fast, which may seem more practical. The momentum is still bullish but starting to taper off into a possible couple month sell off to the bottom of the wedge. This chart is for fun and perspective. Happy trading, debating and speculating!
TSX:WEED
by ToddGreen
EMMBF Emblem Corp, OTC. Possible bounce? Keep it simple. Let me start out by saying I do not like this chart, or the data provided with it for the past 2 years. The bottom is not exactly seen yet confirmed. Assuming we found the bottom, we could have a short bounce play here. Ive labled the sell zone accordingly. I see buy signals, momentum swing bullish, and a end of wedge pattern forming. Theres not much else I want to say about this, will have to see it play out more. Happy trading, debating and speculating!
E
by ToddGreen
ACBFF Aurora Cannabis INC. The bearish side of the story! :(Lets keep it simple?! I have charted ACBFF already with great results with a more positive outlook. I've came across another possibility that is short term bearish, but still long term bullish. I've explained most of the indicators in my previous chart, but here I just want to show levels, potential break outs and pull backs. I have labeled a small bounce area already for tomorrow or the next day, but ultimately will get to the $6 area again. This chart here shows what could happen if the wedge fails at that level, taking us to the 618 for what I believe could be the final bottom. The end of this longer failed wedge rolls right into new years, which could be a perfect time for the 618 level wedge to break out. Will update chart as time goes by, attempting to give clarity to the market. Corrections are healthy, health is never easy. Happy Trading, debating and speculating! FOLLOW for updates!
AShort
by ToddGreen
3
APHQF, Aphria INC. Possible lower levels to look at!Trying my best to keep things simple! Were at the bottom of a wedge, just floating in no mans land. We have the 618 right above, and the 786 below equal distance. On the 4 hour, you can see sell signals at the top of the wedge, creating the last selloff. No buy signals in sight besides the more irrelevant smaller time frames, with the Ichimoku cloud directing bearish. With the 786 level just right there below, Im lead to believe we will fall to that level into a wedge until the end of the year. I do see a bounce coming this week on my yellow brick road, but will ultimately fall to the lower levels. You can see momentum leading bearish as well, with the bolly bands tightening up month by month. Long term this will always do great, but I try to play the bounces with no emotion! Another level to be aware of is the $4.20 area, (ironic). Only if the 786 wedge fails to break out coming November! Happy Trading, Debating, and Speculating! I want everyone to win!
AShort
by ToddGreen
ACBFF Aurora Cannabis INC. Down before getting higher?Lets keep it super simple! I've been watching Aurora for some time now, and let me start off by saying this chart im posting is NOT in my favor with current position, but I cant just say its going up because I want it to, so lets look at what the chart has to say! Ill add more of course. Im in at @ 5.81 - 6.41, but sold on close today on the descending wedge formation @ 7.11. This chart is the 15 minute because at the end of this wedge in a wedge, you cannot see the details with the 4 hr or daily. We have seen this bounce respectively above the 5$ area, which is the blue line at the bottom. There is a false breakout of long term wedge at $8, and has fallen back into place. We have a descending wedge pattern into close today, which I didn't want, but it is what it is. Now if this wedge plays out through the end of the month, we should see another bounce at the bottom of the larger wedge at around 5.85 (labeled in green) You can see we have indications to sell since 8$ on the 4 hour, and have slight momentum change bearish, but to note NO sell signals on the daily. Ichimoku is also crossed bearish just slightly. I expect a small bounce around 6.75 back to maybe the 7.2 area, but will not play that trade, as ill be waiting for the full retrace to go long. Happy Trading, Debating and speculating! Never give legal advice! I want everyone to win!
AShort
by ToddGreen
The $CRON -ic is here to stay (Canada legalization)2018 is the year of legal weed in canada; listed on NYSE a few weeks ago as well so us americans can get some decent exposure too without having to fuss with the TSX or OTC nonsense. I see a breakout of the ichimoku cloud, a fractal breakout being called by williams trader beta, and also a trend breakout. Wouldn't surprise me if we dip and test the pennant again before we go up.. Decent RR here 3.5:1 (manage your risk accordingly) GL HF xoxo snoop
NASDAQ:CRONLong
by 420snoop
3
Watching ACBFF for BreakoutLooking for a Daily (preferable 3Day) close above the outer triangle. That's right, guys, two triangle memes...Superior pleb mode engaged. Seriously tho, i'll usually make the triangle meme for Candle Closes and a secondary one marking the tops of the wicks. This 'Technique' is similar to marking liquidity zones and Order Blocks. It lets me know if this is a breakout or just another stop-run. Usually that's what these meme lines follow, order blocks and liquidity zones on the VPVR (if you're placing them correctly). My Average for ACBFF is ~$5.86.
A
by switchedmode
WEED - Double Top or New All Time Highs?We have seen some very bullish action in Cannabis stocks recently. With the Trump administration signaling less regulation and Canada legalizing it for recreational use, there seems to be nowhere to go but up. If WEED is able to crack strong resistance here and break above to new all time highs, I think this would be an excellent entry for a long term investment. Note that the WEED broke to the upside of a rising wedge, which is usually a bearish pattern, but in this case I think it only emphasizes how strong the bullish price action currently is.
TSX:WEEDLong
by ttrending
The weed bubble is coming?There's some nice price action around the weed markets right now and Harvest One is no exception. The most obvious signal here is the RSI divergence forming right now. The price is settling way below ATH, and it needs some retracement upwards! Let's see if we will have a cannabis craze across the board. This is once again a low risk trade like the one I'm currently holding in Aurora (Check it out!). This is because of the buy indications on multiple timeframes looking at the indicators. I put in some conservative levels for the careful trader. A conservative buy would be above the yellow line, with a tight stop according to taste. Fib levels above are targets as usual. This is quite a new stock so the resistance levels are quite clear. The Ichimoku is just waiting to show some level breaking and support forming above this price. The cloud gives little resistance so after a smaller breakout, it's touch and go! Not financial advice though.
2Long
by RoyalOakFI