LABS.TO -- Oversold, Gap at $1.70Oversold bounce play. Tested and held $1.32 for the 2nd day in a row. RSI in oversold area. Gap at $1.70.
Weedstocks
Heavy accumulation zone $CWBHF WEED.CA $CGC $ACB $CRONEasy play at a deep accumulation zone watch that purple line to act as resistance
$VFF #potstocks #weedstocks Ideas @cryptokneeTook Prof, will take more off in the box, not 100 sure whats coming down tbh atm, like to see a reaction in the box off the fib, prev 4, S/R, median line would be cherry on top, next stop would be the .50. need some clarity on the wave count
$VFF couple of Ideas @CryptoKneeNot saying to short it but some interesting confluence. Support/resistance, fibs, psych number. May be a bit dangerous these days to short though
ACB Long Term SetupLooking to fill the lower GAP as well as retest lows. If it can maintain support at that level, might see a nice move to the top.
The Green Organic Dutchman - Negative DivergenceNegative Divergence on 26 May
RSI and Stochastics are bearish
Next support at $0.44
get your pot here!Thinking this will bust the 200 this week....The pot world is watching...Klien is on the Line..
CGC UP 16% this WEEK!CGC part 2. Looking for a Breakthrough. Strong Week and month so far!
Month - 12%+ This Month!
Week - 16%+ This Week!
The Green Organic DutchmanThe stock rallied strongly today after the announcement of a major partnership between TGOD and Shoppers Drug Mart (large Canadian retail pharmacy chain). A shooting star candle appeared later during the day today with high volumes, which indicated a strong bearish signal.
A breakout over $0.64 is not likely in the very short term, unless large volumes pick up in the coming days.
This is a great company with very little long term debt and bank's support (important credit facility announced recently) with a long-term strong ramping-up production forecasts. Company has one large facility in Quebec and another under-construction facility in Ontario.
CGCCGC my thoughts look strong and had a strong month so well see if Bulls can keep climbing up! GET IN while you can! :) CHEAP CHEAP CHEAP!
5.15.2020 ACB Bullish Divergence with a Hammer Doji on WeeklyLooking good, beat revenue and earnings.
If unemployment is extended thru stimulus, weed stocks should benefit.
-NFA
CGC cup and handle Breakout I see nice Cup pattern forming on daily chart. handel forming nicely on 9EMA.perfect bull Flag enter on volume.... Target at 50 EMA
APHA SHORT>5-3-5 Grandsupercycle Complex Elliot Wave WXY Zig-ZagAs the title suggests. After a plethora of analysis. I believe we are just about to begin the final 5th wave down to complete a WXY complex zig-zag on the grandsupercycle timeframe.
This theory corroborates my other NASDAQ predictions previously posted.
This theory, that we will see multiple legs down and extreme volatility in the coming weeks.
To complete the analysis, there is an incoming dump which will take weedstocks to new lows, APHA included.
Then there will be a rebound of the stock markets over all, and then another leg down.
However, on this next next leg down, APHA will not make a lower low. It will set first higher low.
TLDR: APHA to possibly 0.80 cents USD
ALTERNATE COUNT:
That wave 5 is already complete and there is no final leg down.
ACB Could Double IF it Can Break Resistance or Break BelowAll,
ACB is actually quite interesting, if it breaks this downward trend line (purple). However it could fail and go back down to .20-.40 to retest another level before breaking out. Before the virus it was trading in the 1.50-2 range so I think it could a decent bet. Just make sure to set your options correctly etc with stops right below if you think it will explode.
-Monthly and Daily oversold
-In a Supply Zone
Cannabis Looking Strong. (MJ)Last post on MJ Alternative Harvest we started we were opening longs @ $11.90
Currently sitting up 5%
We took this position based off the large timeframes, the weekly and 2 week.
Now you see a breakout with a settlement back on old Resistance to test as support.
Key is to play this as support. If it shifted right and than turned to break support back below the pattern upward support. We would than look for possible Retracement.
I'll stay put with my position for now.
This could be a really good time to diversify into the cannabis sector.
Enjoy, hope she keeps trucking!
Will keep you updated
Maybe Cannabis Is The Cure For The Virus, LoL (MJ)Will be opening long positions on the cannabis ETF alternative Harvest. (MJ)
Weekly is compressing for momentum shift to the buyers.
This is a 3day, right on the money crossover.
Good risk to reward. I like it.
CGC exiting grandsupercycle descending channel. Elliot FLAT abcAs title suggests,
CGC is exiting its long term descending channel after completing a elliotwave FLAT abc correction.
Bottom @ 1.272 Fib trend extension.
TLRY Long on this dead cat bounceHi,
Here is my chart for TLRY stock. It has made a nice bounce and a swing failure pattern. I expect this is now the final count which will coincide with the stock market making high up to 0.5 fib or 0.168 fib.
Feedback appreciated.
Entered since $6.4
Long OGI amid COVID-19 Long OGI ($1.57) as the coronavirus has taken this stock down along with the industry, and the virus is only causing consumers to get more and more STONED. Operations are being run out of one facility, excellent executive team, financials are stellar compared to competitors; stock is a gold mine. Price Target @ $4.50 by end of Q4 2020.
Where I think we are in the Cyclelast year when we touched a new 52wl the bullish rsi divergence was broken, but shortly recovered and remained on its path the stock gained 175% towards earnings. Could repeat imo. Not investment advice
