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Weedstocks

Potential Buying Opportunity in WEED.TOPrice has fallen to a rising trendline and is consolidating after a false drop below a prior low. IF (and only IF) it breaks higher out of the consolidation is this a potential long trade. I like the consolidation because it allows for well-defined risk control, with a stop loss placed below the consolidation or recent low. I also like that the Nov 20 low just barely eclipsed the Oct 30 low, and then quickly rebounded. In a long-term uptrend I like to that start of action in pullbacks, as it indicates the pullback may be near completion. Still need to wait for a pop higher before I consider entering, though. Disclosure: no position yet, but a potential setup.
TSX:WEEDLong
by CoryMitchell-CMT
2
Will Canopy Growth (TSX:WEED) Give Us an Early Christmas Gift?Like many stocks on the TSX, Canopy Growth Corporation has had a choppy November. The wild swings make for some very fun trading, but quite a bit of risk if you're not interested in holding bags. Here are four trades picked up by our AllTradeSignals Volume Pressure Gauge over the past couple of weeks: Trade #1 - 40% gain in 8 days Trade #2 - 2.5% gain in 30 minutes (!) Trade #3 - 8.5% gain in 20 hours (!) Trade #4 - ... where will we end up? Although 50% in gains in 3 trades is already a solid November... where will trade #4 take us? For me, I'm all for setting a tight stop loss on this one. No looser than -5% should keep us safe for any immediate swings. What do you think? Interested in the AllTradeSignals Volume Pressure Gauge ? Get in touch with us here on TradingView!
TSX:WEEDLong
by BlockLevels
The Roller Coaster: Getting High (and Low) with AphriaAs with many of the TSX equities, Aphria has been swinging like crazy in November. Volatility is where the money is made, so let's take a quick look at some opportunities that our favorite marijuana stock has presented. Here are three trades picked up by our AllTradeSignals Volume Pressure Gauge over the past couple of weeks: Trade #1 - 30% gain in 8 days Trade #2 - 3.5% gain in 30 minutes (!) Trade #3 - 8.5% gain in 1 day (!) Don't be like some of the crazy folks on /r/weedstocks -- be sure to set trailing stops and stop losses when you invest in volatile equities like this one! Interested in the AllTradeSignals Volume Pressure Gauge? Get in touch with us here on TradingView!
ALong
by BlockLevels
CGC gettin' no higher Everyone is looking at the trend line for CGC - yep, it's there for sure. However, since I believe the SPX be tanking for quite a while, I don't expect that obvious trend line to hold. Remember this stock has gone up more than 2500 percent since 2016! Sound familiar? If you are trading crypto, it should! A 78.6 percent correction is probable, if not more. One strategy is to buy at the trend line like everyone else, sell half on the pop and keep the rest as a stop sell under the trendline. I could be wrong, but bulls have smoked things like this in the past and a long hangover is very probable. Good Luck!
C
by the_sunship
APHA surges on Jeff Sessions' ResignationBig move today following a tweet buy President Trump that he has accepted the resignation of Attorney General Jeff Sessions twitter.com This came after a clear hourly bear break across the sector singling some daily consolidation was coming, but this breaking news clearly sidetracked that plan and delayed consolidation for at least a little while. I am closely watching for the hourly trend to change as the daily chart is very over extended right now Key levels for tomorrow: S: 16.03 R: 17.33
A
by McGuireTO
ACB surges on Jeff Sessions' ResignationBig move today following a tweet buy President Trump that he has accepted the resignation of Attorney General Jeff Sessions twitter.com This came after a clear hourly bear break across the sector singling some daily consolidation was coming, but this breaking news clearly sidetracked that plan and delayed consolidation for at least a little while. I am closely watching for the hourly trend to change as the daily chart is very over extended right now Key levels for tomorrow: S: 9.59 R: 10.75, 11.29
TSX:ACB
by McGuireTO
2
CGC surges on Jeff Sessions' ResignationCGC saw a huge move on President Trump's tweet that he has accepted the resignation of Attorney General Jeff Sessions twitter.com This came after a clear hourly bear break singling some daily consolidation was coming, but this breaking news clearly sidetracked that plan and delayed consolidation for at least a little while. I am closely watching for the hourly trend to change as the daily chart is very over extended right now Key levels for tomorrow: S: 45.10 R: 48.13
C
by McGuireTO
3
APH hourly equilibrium on watchThe oversold bounce is starting to feel toppy with a bearish reversal candle on the daily and declining volume. The high of the day rejected from the 20MA and we're in an hourly equilibrium now to determine if we're going to see bounce continuation or set a higher low on the daily chart. I would also look towards Canopy for clues on how the sector leader breaks. Key levels for hourly eq: S: 14.65 R: 15.54 _____ For anybody looking at any individual stock it is imperative to keep an eye on the overall market and the analysis I do on SPY. The correlation of every individual name and sector to the market is very real and affects every stock you own.
A
by McGuireTO
ACB hourly equilibrium on watchThe oversold bounce is starting to feel toppy with a bearish reversal candle on the daily and declining volume. The high of the day rejected from the 100MA and we're in an hourly equilibrium now to determine if we're going to see bounce continuation or set a higher low on the daily chart. I would also look towards Canopy for clues on how the sector leader breaks. Key levels for hourly eq: S: 8.63 R: 9.12 _____ For anybody looking at any individual stock it is imperative to keep an eye on the overall market and the analysis I do on SPY. The correlation of every individual name and sector to the market is very real and affects every stock you own.
TSX:ACB
by McGuireTO
CGC hourly equilibrium on watchThe oversold bounce is starting to feel toppy with a bearish reversal candle on the daily and declining volume. The high of the day rejected from the 100MA and we're in an hourly equilibrium now to determine if we're going to see bounce continuation or set a higher low on the daily chart. Although we have some new levels from after hours, there was minimal volume there so I am not giving those much credibility. Key levels for hourly eq: S: 35.85 R: 37.77 _____ For anybody looking at any individual stock it is imperative to keep an eye on the overall market and the analysis I do on SPY. The correlation of every individual name and sector to the market is very real and affects every stock you own.
C
by McGuireTO
Aurora bulls buy the gap down openQuick updates tonight. ACB had a big gap down and giant bounce in the first 30 minutes of trading, and remained in an hourly equilibrium for the remainder of the day. Bulls made an attempt at a new high of day in late afternoon but came 4c shy of resistance. The end of the day saw SPY with big bull move finishing up near the high of the day on the strength of both the tech sector and financial sector, while Canadian MJ was unable to derive any momentum from the this move. That does give some reason for concern with bulls being so close to resistance but unable to break it. Tomorrow first thing the bulls want to break our two hourly resistances in order to see bounce continuation. Failure to do so a second time would be a red flag. Key levels: Support: 7.55 Resistance: 8.16, 8.20 If the bulls find the momentum to break this range and see continuation on the hourly bounce, we would look for a 4hr lower high compared to 11.29. There are numerous hourly resistances on the way up to that level, giving Aurora several more hurdles that Canopy and Aphria don't have to deal with. _____ For anybody looking at any individual stock it is imperative to keep an eye on the overall market and the analysis I do on SPY. The correlation of every individual name and sector to the market is very real and the market has been showing significant weakness over the past four weeks. This correlation affects every stock you own.
TSX:ACB
by McGuireTO
2
Aphria sees the largest bounceQuick updates tonight. APH saw a 12% bounce from the low of the day today and after the first 30 minutes, gave a whole lot of nothing. Aphria may have enjoyed the largest bounce today, it remains positioned weaker than Canopy heading into tomorrow. We spent most of the day inside an hourly equilibrium that has yet to set a higher low compared to the low of consolidation, where as Canopy has clearly set that higher support level. The end of the day saw SPY with big bull move finishing up near the high of the day on the strength of both the tech sector and financial sector, while Canadian MJ was unable to derive any momentum from the this move. That does give some reason for concern with bulls being so close to resistance but unable to break it. Tomorrow first thing the bulls want to break our two hourly resistances in order to see bounce continuation. Failure to do so a second time would be a red flag. Key levels: Support: 13.00 Resistance: 13.85, 13.95 If the bulls find the momentum to break this range and see continuation on the hourly bounce, we would look for a 4hr lower high compared to 16.77. _____ For anybody looking at any individual stock it is imperative to keep an eye on the overall market and the analysis I do on SPY. The correlation of every individual name and sector to the market is very real and the market has been showing significant weakness over the past four weeks. This correlation affects every stock you own.
A
by McGuireTO
5