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
Weedstocks
Weed ETF's have bottomed and are trending higher.The worst of the troubled industry seems to be over. Good results from Canopy and continued management restructuring in other companies having the desired effect. Oversold sector has room to go 'higher'.
Highly underappreciated cannabis companyHigh growth company WeedMD, part of Cannabis industry in Canada. It is highly oversold.
-They have lots of dried and to-be processed product which is not part of financial reports.
-They have finished acquiring StarSeed which has exclusive partnership with LiUNA.
Everything ready for take off. Just needs some love. I don't think it can fall more, it makes no sense.
ACB - breakout?ACB is finally breaking out of its bullish flag in what may be the start of a decent rally. Good low risk entry is still possible.
XLY - Cannabis Stock Looking for ContinuationProposed Entry 0.61 - 0.65
First Target 0.71 (+15.7%)
Proposed Stop 0.60 (-6.6%)
2.4 : 1 Reward to Risk Ratio
What are we looking at ?Looks like we have a confirmation + a rising volume.
About time to make some good money.
! ISH & Auxly Strong !
Quit crypto folks. Veryrichmanwithbeautifulhair bought some Cannabis ISH$
CRON Make or Break! Crypto Crusader here with an extremely speculative pick, a weed stock, to be exact Cronos Group.
I don't have the time to discuss a more detailed analysis, but I'll post this chart to explain my thinking regarding technicals.
In regards to fundamentals, Altria (the maker of Marlboro) owns just under 50% of Cronos Group. You have to wonder, the maker of the worlds most popular cigarettes (regardless of tobacco being an addictive substance) must have a top notch marketing team behind them. They have billions of dollars, and it's in their best interest to see their investments profit. I'm sure they have a plan for Cronos. This is going to be almost purely speculative as a short / medium term investment, I would expect 50%+- swings in either direction. My entry was around $7.5, lets see how high this stonnkk can go!
May the trading God's be in your favor!
Crypto Crusader
Aphria - Inverse Head & Shoulders to Watch on WeeklyI'm a big fan of weekly time frame analysis, the larger time frame offers in my opinion greater strength behind any pattern- bearish or bull. I'm watching for an inverse head and shoulders to form, with the near term 7.35 resistance converting into support and offering a leg up into 9.10
A break of the 9.10 neckline will offer further upside, however I do not anticipate this will break on the first attempt rather pullback into 7.35 area confirming it as support and finally painting the inverse head & shoulders pattern everyone will be watching. I'm just watching for the potential formation a few weeks in advance.
Disclosure, I do hold an existing long position in Aphria (APHA)
TILRAY (TLRY) LONG SET UP, TREND REVERSAL TO $154BUY TILRAY
ENTRY 1 16.80
ENTRY 2 18.60
ENTRY 3 19.34
SL 8.00
TP.1 23
TP.2 35
TP.3 48
TP.4 68
TP.5 76
TP.6 96
TP.7 123
TP.8 154
Aurora Cannabis about to do a run , good gambleAurora is a good gamble, it cannot go much lower
Fundamentals suck now, but this stock has shown to go on massive pumps. Wait for the pump!
3rd Quarter 2020 Bullish WEED Case StudyHey there Traders,
Attached is my prediction for $WEED over the course of 2020,
There was a lot of sell pressure in 2019 that has cooled off over the past few weeks. I assume the cool off phase/re-accumulation zone will continue for the first half of 2020 followed by a bullish climb near the 2nd half of 2020
Cannabis Stocks BullishWEED just bounced off multi-year support dating back to 2016, breaking above the bearish resistance it's been fighting since April of 2019. Weed pennant accumulating should break out soon, which considering the strong correlation ACB has shown to WEED, would lead me to believe ACB should follow suit.
$ACB Bullish Divergence in a Falling WedgeWay oversold on all timeframes.
Falling Wedge, typically bullish breakouts.
Measured Move, indicates move towards area of former support, turned resistance.
Also to next value area suggested by VPVR. Ton of confluence.
I like this play despite the several month downtrend....
What say you? Not even close to financial advice.
VFF Long PlayNot a big fan of this sector but Village Farms has a couple things going for it. OTM calls $9 and $11 got them for dirt cheap couple months out. Risk to reward for me is good with how I'm exposed on other options currently.
These weed stocks aim go Higher. Very small stop loss and very large profit potential in these. The volume confirmation is clear to see and should bode well well for these week stocks mentioned going forward. The need to break above the suggested levels and stay above if trend reversals will occur as indicated.
$CGC Canopy EOY 2019, Inverted H&S in play? R:R 1:10$CGC Canopy EOY 2019, Inverted H&S in play? R:R 1:10
Picture explains the most, R:R makes it lovely.
Not financial adice
Warrants On Sale :)
Here is a breakdown I did of the relative cost of warrants (RCW) in respect to cost of SP (3$ to exercise Warrants)
Shares VS Warrants %RCW
$10.24 $3.51 34.3%
$5.81 $2.76 47.4%
$4.63 $2.34 50.4%
$3.69 $1.71 46%
$2.65 $1.05 39.6%
$0.75 $0.21 28%
Todays Sale Dec 19
$0.74 $0.17 22% (If you're converting S -> W today is one of the best days to do so)
If you analyze this and actually graph it you get a bell curve, this means that when the SP is low or high the relative cost of warrants is low and when the SP is in between ATH & ATL the the relative cost of warrants is much higher.
Do what you do with this data, I already said too much. IMO
Have a freakin gr8 d3y
WeedMD should bounceWeedMD should recover after almost 1year long downtrend, despite drop in sales they are shortly after harvest, I suspect lots of new buds are already in curing, soon ready for sales. On the top of that lfpress.com
This price range looks like great entry for long term position, however short term rapid recovery would be well deserved.
CGC Inverse Head and Shoulders? Staunched Neckline!Hello Traders!
Today’s chart update will be on CGC – Canopy Growth Corporation, a potential inverse head and shoulders could be at play in this strong downtrend…
Points to consider,
- Bearish trend with consecutive lower highs
- Neckline as major resistance
- Support provided by the EMA
- Stochastics in upper region
- RSI in rising wedge
- Volume increasing
The overall trend of CGC has been putting in consecutive lower highs, if this inverse head and shoulders come to fruition, it will be the first sign of a trend change, a new higher low.
Major resistance is found at the neckline, tested multiple times, this is a clear level for the bulls to break. Support is being provided by the EMA’s, needs to hold as CGC tests neckline.
The stochastics is in upper region, can stay trading here for an extended period of time, however lots of stored momentum to the downside. RSI itself is coming close to its apex; a break down to its support (blue line) is probable. Volume overall itself is increasing, needs to sustain as this will help with follow through when and if bulls break the neckline.
Overall, in my opinion, the right shoulder will be valid as long as it trades in the orange highlighted zone. CGC needs a convincing break of the neckline that needs to be backed with follow through; this will then change the structure of the overall trend.
What are your thoughts?
Please leave a like and comment,
And remember,
“In trading, everything works sometimes and nothing works always.”
***Please follow me on twitter for daily updates on fundamental news in the MJ and Crypto Speace ! :) Twitter handle in profile link
SHORT TRULDont really trade stocks too often but there is alot of volatility to be had in some of these weed stocks. Some I am bias going short others going long. Definitely feel the former on this one.
God Speed,
Mr. Manbearpig
Lower High.It appears as though the Inverse H&S may be negated. Where I've placed another arrow pointing down may become another lower high, and it may act as the left shoulder of a H&S.
LONG TRSTLooks like a great set up to me. Risk has been defined. Not its just up to you to figure out the position size with my risk management formula. Again.. Things are a little slow and unpredictable with volume as low as it is in the crypto market. Retard market makers are out to take your hard earned BTC by prolonging the inevitable and exasterbating existing market conditions so this is where the opportunity may be for me in the coming months if crypto does not pick up soon.
God Speed,
Mr. Manbearpig
