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!
Weedstock
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.
Bullish butterfly pattern nn PNTV chart with target zonesAfter pointing out the pattern on twitter, I was asked where I see it going. I wasn't able to find much online as far as common targets for the butterfly pattern, other than points A and C. I used a common technique often used with other harmonic patterns to map out other significant resistance zones(drew a fib extension from point X to A, back down to X, then moved the bottom of it to point D). The XA leg added on top of point D is a common target for most harmonic patterns I've researched so far. Beyond that, the 1.27-1.68, 2.27-2.68, and so on are also common targets if bullish momentum continues. It just so happens that the 4.27 matches up perfectly with a very long-term trend line...
MJNA- Poised for the moonMy first idea here on trading view is probably a controversial one.
I am long on MJNA with 2 entry points at 0.04 and 0.182 for a total of approx 6500 shares.
MJNA is a stock that is poised for success. Even if only for the next 15-20 days. 9 states have cannabis legalization/medicinal marijuana props on the ballot which is encouraging a lot of bullish behavior on these pot stocks.
I can easily see MJNA and other marijuana related stocks continuing to rally both pre/post election. More states legalizing recreational use/medicinal use can only be good for these pot stocks.
Apart from the marijuana related props on the ballots, the presidential race could also affect these stocks. Clinton is someone who has mentioned that she would consider rescheduling marijuana, thus enabling further research into its medicinal properties. Whether she does this or not during her presidency however, is another story. A Trump victory would probably not effect the stock much in either direction.
Tomorrow (11/3/16) I forsee a bit of a dip after today's massive gains. That could be an excellent entry point into this stock if you're looking to add a pot stock to your portfolio.
Long term (1-10 years) I see nothing but success for Marijuana related stocks as legalization continues to gain momentum across the country and medicinal use continues to gain traction.
Short term (1-10 days) I think we could see 0.50 a share.
It's a gamble, but I'm hoping it will pay off!
Penny Stock Madness 420blazeit Edition (Part 2)Just finished creating a chart for CANN. Now looking at the same market structure in CBIS.
I bought into this stock at $0.20 back in the Weed bubble of 2014 and lose like $50 in that pump n dump. Now I know how market structures work though, and am looking to enter near bottom. In my opinion, price should reach $0.01 and bounce off that order block since it's only been tested once before in 2012.
Penny Stock Madness (420 Blazeit Edition)Having started trading in Shitcoins, I feel I could trade well in penny stock markets due to the fact that the hype cycles are the same. I'm calling for an increase to $2.50. Could happen ANY time. Maybe next week, maybe 6 months from now. But I'm making this chart to see if my knowledge of accumulation and distribution is accurate.
