No Need To Overcomplicate ThisMy key level is $13 which we broke in after hours. If it continues to rally $15 is a very realistic/conservative target. If we get more positive news this will easily get to $20. Very bullish on this pattern as well.
Weed
Long on EXLSwing trade on EXL.
Trading close to all-time lows.
Fundamentals for 2021 and thereafter looking very bullish.
Great risk/reward.
Buy and hold.
TLRY over 18.23TLRY is forming a bullish descending wedge under yearly resistance, majorly bullish. Entry based on hourly resistance.
GROW.V Breakout New 52 Week HighsIncreasing volume and price action past few weeks. Ascending triangle breakout confirmed today with rise above weekly ichimoku cloud. Low float micro cap stock. Disruptive agriculture tech increasing plant growth, new signed contracts and sales behind the run up. Previously ran to 0.70 in April 2019 with a lot less company traction and progress.
Price target 0.30-0.35 from ascending triangle break, stop loss 0.20 at previous resistance.
I am long GROW, recently doubled my shares at 0.15.
SNDL Long next weekIf NASDAQ:SNDL continues trading sideways it will hit the supporting trend-line around next week which will coincide US presidential changeover. Good probability it will bounce off this trend-line and head to the $1 price range and perhaps higher. With cannabis friendly reform on the plate many cannabis companies stocks should do well this year.
Swing Trade: 🌿Cannabis stock on the heat! TLRY Breakout RunHi fellows, just one of my today swingtrades:
Nice setup for breakout in NASDAQ:TLRY .
Cannabis stocks are set up for nice run after Gorgia senate election.
------------------------Trade setup ---------------------------
Entry: 11,35
Stop Loss: 10.66
Profit target: 13.50
Time stop: 5 days
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If you like the idea, do not forget to support with a 👍 like and follow.
Leave a comment that is helpful or encouraging. Let's master the markets together.
MJ to $30 then $60If this doesnt look sexy to you, I dont think we can be friends anymore. You will look extremely happy with a 🚬 under that bright 🌝.
This will be a wild ride with 10-20% swings so as long as you have the balls for crypto, this is a perfect sector for you to be in.
$WDDMF - WeedMD Weekly 50X ExaminationTaking a look into WeedMD's weekly chart and wow does this look tight yo. Weekly 50SMA squeeze setup indicating more waves to come. This chart reminds me of SNDL chart for some reason. Anyhow similar setup flashing all around the mj sector.
info
WeedMD Inc. is the publicly-traded parent company of WeedMD Rx Inc., a federally-licensed producer of cannabis products for both the medical and adult-use markets. The Company owns and operates a 158-acre state-of-the-art greenhouse, outdoor and processing facility located in Strathroy, Ontario. WeedMD also operates CX Industries., a wholly-owned subsidiary of WeedMD Inc., from the Company’s fully-licensed 26,000 sq. ft. Aylmer, Ontario production facility which specializes in cannabis extraction and processing. - Solid
I like what I see, X markz the spot
links
www.otcmarkets.com
www.weedmd.com
www.weedmd.com
www.weedmd.com
This 4Hr deserves a chart of its own, but for the long gang the weekly is king overall.
LONG GTII Been long for two years always adding to this great MSO
I believe we will see a new ATH very soon.
GL
MJ Cannabis ETF rounding out the bottom with a breakoutNice weekly substantial break out from the base for the AMEX:MJ Marijuana ETF - ideal price target is $30 zone once it takes $20 zone
WEED MAPS GETTING HIGH!!! 20-25??SSPK had a massive spike today, a nice confirmation of my bias. We just voted on extending the life of the company to complete a merger, personally I voted for, Weedmaps is an excellent company with a delivery interface as well as Saas side, I believe it has massive room to grow as its one of a kind and established in the space. Looking to size in on the next dip I have shares at 13 only wish I bought more. I think after a slight retracement due to the momentum run up this SPAC could going higher as the merger comes closer to a close. Let me know what you think.
Blank-Check Firm Silver Spike Soars After Weedmaps Deal mergerWM Holding Company, LLC, the Leading Technology Platform to the Cannabis Industry, to List on Nasdaq Through Merger With Silver Spike Acquisition Corp.
The estimated post transaction equity value of the combined Company is approximately $1.5 billion, assuming the $10.00 per share PIPE price and no redemptions by Silver Spike shareholders and provides up to $575 million of gross proceeds through the approximately $250 million of cash held-in-trust by Silver Spike Acquisition Corp. and a fully-committed common stock PIPE of $325 million
As a result of outsized demand, the PIPE offering was significantly oversubscribed and upsized, including investment from funds managed by AFV Partners, the Federated Hermes Kaufmann Funds and Senvest Management LLC along with a $35 million commitment from Silver Spike Capital
WM Holding’s executive officers will retain 100% of their equity in the combined company, which will have approximately $100 million of cash on hand after closing.
WMH has grown revenue at a CAGR of 40% over the last five years and is on track to deliver $160 million in revenue and $35 million in EBITDA for 2020. stock
finance.yahoo.com
CRON New 2020 High? +Trade Setup (>92% Potential Profits)Hello Fellow Traders,
Today we are looking at Cronos Group Inc ( CRON ) on the TSX. As we can see, prices have been correcting after peaking in July around $35. However, the new 2020 high set just recently is only at $11.85. We can see a double bottom printed this year on the daily chart , as well as the bullish falling wedge pattern. With prices consolidating just under the 2020 highs and holding above all EMAs, we can expect additional growth in the near future. In the long run, this could rally to $33 (+200%) or higher. However, a potential short-to-mid term trade setup now could be:
Entry: $10.00-$12.00
Targets: $15.00 (+36%) | $21.25 (+92%) | $27.25 (+143%)
Stop loss: daily close below $8.50 (-15%)
Let me know what you guys think down below and leave a like if you appreciate the analysis. Also, check out some of my other ideas and follow my profile for more chart analyses and profitable trade setups! Thanks for reading :)
Price at writing: $11.04
$CGC $WEED Marijuana Just Federally Legalized!!!!! With the federal legalization, Canopy will be on it's way to become a behemoth in the industry, buy on any weakness. They will have a bright future with Constellation Brands backing them. Watch for these resistance areas to be broken in the future. We are on the way back to the top. Get in while you still can.
The bigger picture for weed This is a 1-month chart, which enables us to see the very long-term trend.
Honestly nothing is really happening yet, we maintain a consolidation for almost a year, after a long-term heavy decline.
Fundamentally, nothing has shifted yet, but it looks like there is some interest with Biden getting nominated.
Stocks are undervalued; that doesn't mean they can become even more undervalued.
I am watching them, but don't feel the time is right yet. If you don't want to miss out, buy a 25% of what you would normally. I am keeping them on a watchlist.
$HITIF High Tide Fundamental AnalysisI'd like to start by saying this is a very speculative play on the cannabis space. High Tide (HITIF) manufactures and sells cannabis accessories. That being the fundamentals along with the chart setup give me confidence that the risk is well worth the potential reward.
Let's jump into the numbers. Last quarter HITIF posted just under $17 million (USD) in sales, a 172% increase over the same quarter a year ago and over a 1000% increase over the same quarter 2 years ago. 2 quarters ago they posted their first positive EBITDA quarter at $1.4 million USD. Last quarter they posted their first profitable quarter at $3.1 million USD. Last quarter was their 8th straight quarter of sales growth. This gives me confidence that they can continue to grow into the future. Considering the valuations of other companies in the cannabis space I cannot comprehend how this stock is under a $60 million valuation. To put that in perspective if HITIF stock were to go up 10,000% it would have just over half the market cap of Canopy Growth (CGC). CGC last quarter had $101.5 million in sales with 75% YoY growth. That's 6x the sales of HITIF but 175x the market cap. If you do the math that comes out to about a 29x premium for CGC which seems like insanity to me even if you factor in their partnership with Constellation Brands (STZ). Now, I am fully aware that this is not exactly an apples to apples comparison considering CGC is a cannabis producer and distributor while HITIF sells accessories, but to me this is an incredible opportunity to make smart investment in a little known company.
CRON Golden Cross SetupGreat uptrend with the golden cross setup. It is important to note that the sector is getting more attention.
$WEED $CGC Stocks is picking up momentum agian!$WEED $CGC Canopy Growth is picking up steam today and is heading towards first level of resistance around the $39-$40 CAD Level. The next two major resistance levels are around $50 CAD and $70 CAD. The resistance lines are on the charts, it would be same on the CGC charts. The best way to play this is if you are already in it, take some off at each resistance level and let the rest ride with a tight stop. I am currently selling puts slightly OTM to try get some shares back cheaper for the longer term. Vote is next week, should see some volatility.
