NRTH -- Starting new bullish trend. Pot stocks are hot again!Bullish MACD cross is signalling the start of new bullish trend. Good volume today. Recently raise $5M at .21 and trading at discount.
Weedstocks
WMD - Bullish reversal. Pot stocks are hot again.Bullish Engulfing candle + bullish MACD cross indicating reversal.
Short Idea: Greenlane Holdings Inc GNLCGreenlane Holdings Inc (GNLC) is a distributor of vaporization products and consumption accessories in the U.S. The stock got a huge pop on news of a merger with KushCo Holdings.
However, Kaskela Law LLC announces that is investigating Greenlane Holdings to determine whether GNLC executive officers and directors violated the securities laws and/or breached their fiduciary duties in connection with the proposed transaction, as well as whether Greenlane shareholders are receiving all material information in connection with the proposed transaction.
Greenlane also has a weak balance sheet, free cash flow negative and heavily financed.
Target: $4.25; $2.00
Exposure: 1-2%
ONE LOVE! Let's get together on weed stocks. Oh boy! Where were you when all this was happening?
Cannabis (aka weed) stocks as a group set to take off. This could be bigger in percentage terms than Biotech pumps we saw in the pandemic period.
As some will be aware major changes have been happening in the USA and Canada to 'legalise' certain aspects of cannabis. GTBIF and CURLF were ahead of the race. Changes are following in many other countries.
Both GTBIF and CURLF may correct significantly so if investing here one has to look for a nice pull back and take a controlled loss.
But this post is not just about two cannabis stocks. There are dozens of these stocks in Canadian and US markets and Google will help you to find them. The could be more long term investment opportunities, say over 5 to 10 years. Buying low should be easy for many of these stocks. Some on my watchlist are:
TSX:CRON,
TSXV:EMH,
TSXV:N,
NASDAQ:TLRY
I'm not saying the above are great. If others find good ones, then help out everybody else by sharing.
Other cannabis stocks are at all time lows. Some say they will pick up. How would I know?
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
HITI stock of the year??? (SOEZ)I'm not going to get into the fundamentals but they're actually amazing and you can and should do your own research on that but the technicals right now look absolutely insane.
It's consolidating in a symmetrical triangle and now it's showing a sign of a double bottom pattern within the triangle which means it's go time.
I am aggressively adding to my position until it breaks a dollar.
Honestly, soez, don't miss this trade.
Low-risk swing tradeThe chart is simple to read with RSI and stochastic both turning up. You can trade up to the blue line, even a day trade. Hold for break higher or reenter after line is broken, since there could be a pullback first or line may hold. For a longer hold I want to see moving averages cross up.
Risk is low because stops can be a certain price and/or a percentage of option loss. It depends on your trade. For example near today's open I bought weekly 24 calls for 50cents. I can use 22.99 and 22.80 as stops, and I can also exit if option goes below 0.40. These are initial stops that I may adjust as trade works.
CRON - Weed PlayI like this chart. Nice accumulation pattern with kind of an inverse H&S formation. Breakout, re-test and if be bounce here off 200MA - Moon is next. Weed pump Is just getting started imo.
DYODD
An Update on $MCOA Price ActionRefer to the text within the chart to explore my opinions on future projections. OTC:MCOA
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange-traded funds, mutual funds, options, and money market funds involves risk of loss. Loss of principal is possible. Please exercise your own due diligence.
$SNDL Rare Emerging Weekly SmileyFace of ProfitLine emerging on the monthly chart somewhere at $6. That looks like a good target for bull cycle. Just had decent earnings come out today compared to last year, some shorts are getting squeezed too. GO APES GO!
Bearish Reversal for SUNDIAL (SNDL)We broke down from the descending triangle - bearish reversal initiated.
Need to retest $1.4 and then confirm as support again for me to be bullish.
We are now below the 50d MA on the 4H time frame - be cautious.
No prediction, just hope. GRCU pot stockAll I'm sayin is that it looks hopeful to have bottomed. One could plead the case of bullish divergence. With legalization in the cards this year, maybe this is a dark horse but it's too soon to tell. I love to draw predictions but I don't really have a lot to work with here. This is one of my long term holds.
Has EVIO found the bottom?EVIO is an independent 3rd party lab testing company that specializes in marijuana/hemp/cbd analysis.
I randomly scanned the QR code on a CBD preroll yesterday and noticed the PDF test results were produced by EVIO.
I have been holding EVIO since 2016 or 2017 after extensive research, and I was surprised when I saw the aforementioned PDF.
They have signed an agreement in late 2020 with a company that will provide them more testing nationwide.
I'm looking for a breakout of this wedge, hopefully to the upside.
Twisted Hemp website (for research purposes) where you can find the linked lab results, with the EVIO logo at the top:
www.twistedhempwraps.com
MJ about to get highGeneral Explanation of MJ
MJ is the first cannabis-focused ETF to trade in the US. The fund tracks an index of stocks across the globe that are engaged in the legal cultivation, production, marketing, or distribution of cannabis products for either medical or nonmedical purposes. The index identifies companies that legally derive more than half their revenue from cannabis-related activities. MJ also holds stocks of companies that trade or produce tobacco products, fertilizers, plant foods, pesticides, equipment for cannabis or tobacco. The fund initially did not include US companies due to its prohibition at the federal level but changed after new legislation. The index is reconstituted and rebalanced quarterly. Prior to Dec. 26, 2017, the fund was called the Tierra XP Latin America Real Estate ETF and tracked an index focused on Latin America real estate companies with the ticker LARE. Before Feb. 9, 2018, the fund traded under the ticker MJX.
Technical Perspective:
-We can see that the bearish trend From September 2018 - March 2020 has been broken. The price found its bottom on 8.67
-After breaking the descending trendline, we had a strong bullish movement towards 34.50 and, after that, a 36% correction to current levels
-We can see that we have a huge support zone between 23 and 25. If the price stays above that level, we can take it as a good signal of buyers in the zone which eventually can push the price higher.
-We consider that if the price reaches 27.5, that will be a confirmation of the bullish trend, and we expect to see a movement towards the next resistance zone at 39 - 40
-We should pay attention to 32.5 as an inner resistance zone that the price has to break before reaching our Target; that would be a smart place to protect positions.
As a final curiosity, we will leave here the current 10 top holdings of this ETF / % of each stock / ticker / shares held / Market Value USD
APHRIA INC 10.32% APHA 9,686,494 $194,407,934.58
GW PHARM-ADR 9.64% GWPH 844,511 $181,569,865.00
TILRAY INC-CL 2 7.48% TLRY 5,033,560 $140,839,008.80
CANOPY GROWTH CO 5.86% CGC 3,099,126 $110,328,885.60
GROWGENERATION CORP 5.50% GRWG 2,044,958 $103,515,773.96
CRONOS GROUP INC 5.42% CRON 8,944,741 $102,059,494.81
HEXO CORP 3.98% HEXO 9,655,518 $75,023,374.86
VILLAGE FARMS IN 3.90% VFF 4,469,612 $73,525,117.40
SCHWEITZER-MAUDU 3.66% SWM 1,446,363 $68,991,515.10
VECTOR GROUP LTD 3.54% VGR 4,639,762 $66,719,777.56
Timing Exit of $CGC Dip: Profit-taking on PutsThe entire corporate cannibus industry has really crapped the bed, along with most other sectors, over the last two-wks.
Those with long puts could have already successfully taken profit, as it could find support at the bottom of the highlighted (maroon) target range.
Those with puts should be plenty green, but there likely will be some support near the bottom of the target range due to the long-term potential of the industry and CGC itself.
-BDR
Grow GenerationCompany Overview:
At GrowGeneration, we aim to be the best in Selection, Service, & Solutions. Currently we are the largest hydroponics supplier in the country with 46 retail and distribution centers. We carry and sell thousands of products, such as organic nutrients and soils, advanced lighting technology and state of the art hydroponics equipment used by commercial and home growers. We have strategic partnerships with the biggest brand names in the industry, and offer a direct to farm delivery service along with equipment financing. Our Commercial Team is armed with industry leading professional consultants that are here to help fully manage any size project. Each Commercial Account has a dedicated Account Manager, Customer Service Representative, and Quoting Specialist appointed to your company. The Commercial Team offers a one-stop shop for all your supply needs from seed to harvest, including turnkey facility designs, cultivation room designs, and on-site project consultations. Along with superior service capabilities, the Commercial Team is here to increase yields, lower production costs, and generally increase the productivity of any cultivation facility. Our website, GrowGeneration.com, operates as an Omni-Channel Ecommerce platform with 10,000+ products with available shipping around the country, along with a customer service team available to answer any questions and help make your grow operate as efficiently as possible.
Detailed Analysis in Photo!
Like, Follow, Agree, Disagree!
What do you think?
Will watch this for a week or two before making a decision. If I miss a move, I'll wait for another dip.
Canopy Growth LONGLet's go higher after the drop. It seems like a good opportunity to enter for LONG HOLDERS.
ENTRY LEVELS LONG:
$48.77
$44.30
$34.87 STRONG BUY
