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A story that ends poorly.... BLR hit the scene on a super pump play some time ago...the CEO.ca board was filled with hopefuls and the CEO flogged their "test kit" story. They did a deep disgusting split that provided some folks hope. I'm not an expert but everytime something does a reverse 25-1...it's best to step away. It went from test kits to weed from weed to baked goods with weed in them and from baked goods in the super fancy baked goods oven...to nearly pre split pricing with no sign of life in any of the irons they have in the fires. Peace out...I predict this storybook won't be reopened for some time
CSE:BLR
by Honkytime
There is no downside After New Mexico purchase and current PM market movement, there is no downside here. Possibly some pressure from paper being unloaded onto the market but I have to assume that the share price + gold momentum will move the cheap stuff quickly and the impact will be minimal. The greater question is....who is going to buy it. BTO said no thanks less than a year ago. Since then they hit the mainline in Galaxy and have added the depth of a silver mine. Do they continue to go it alone? Do they partner up with a major? Will they become that medium player that bring 4-5baggers? Time will tell....for now I have all confidence that they are positioned well to take advantage of todays market
TSXV:GGLong
by Honkytime
Aurora Cannabis ACB (TSX) ... Dazed and confused !Aurora Cannabis (ACB) has managed to give up 99% of its value since its October 2018 high. Certainly this is wealth destruction at its finest. I can find no technical reason to jump in here other than its at the bottom of a channel (pitchfork) and has a gap that needs to be eventually filled. (This is a TSX chart as they are open today). For many this psychedelic dream has become a nightmare. Would not I bottom fish here ?? .... no not on my dime(bag)! Not investment advice... do your own due diligence and respect overall market trends. If you have a any fundamental or technical reason to purchase please comment. Have a sweet trip S.
TSX:ACB
by Steve666
PlantX (CSE: VEGA)(OTCQB: PLTXF) Undergoes A Bullish BounceAfter tracking a multi-week downtrend amidst notable levels of background volatility both on the CSE and global exchanges as a whole, PlantX is riding upwards on a burst of bullish investor sentiment. VEGA.CN is trading +66% and PLTXF +45% since market open 5/19. While the plant-based sector as a whole has seen gains in recent days, PlantX's double digit gains outpace the competition by a significant factor (see VEGN, CSE Comp Index, and TTCF for examples of sectoral peer performance). VEGA.CN has likewise seen a surge in trade volume, as reflected in the PVT below and testifying to an uptick in investor engagement. Meanwhile, momentum indicators from the MACD point to the initiation of a bullish reversal. While a technical pullback is to be expected after such rapid gains, PlantX's share price gains in the past week are a sign that the market is responding positively to robust MoM revenue growth and an aggressive M&A strategy that is quickly transforming the company into a plant-based ecommerce giant serving an international consumer base.
VLong
by dave_kellr85
The infamous Trend Reversal Trade The Trend Reversal Trade, can it work? I have been trading the market for 10 years & the statistics in NOT in your favour, this type of trade has a low probability & trading is a game of stacking the probabilities in your favour. this is to be distinguished from investing; which is a whole different game. Back to the infamous Trend Reversal Trade. This is the trade where most average home managed investors loose their money. Lets put this into practice. Imagine following: A good name stock price is over selling or maybe crashing with over balanced selling right into a demand zone. like WEED in this example on a (W) chart. The investor buys a LNG position & thinking he purchased a Good company stock for a good price, isnt that what balance & income sheet based fundamental trading teaches. Now, all one have to do is wait for the trend to reverse price goes up & big profit. expect that a big pay off does not come, hope is mislead by a bounce in price due to the demand zone. before the prevailing trend continues its down fall beyond your ENTR price, the emotions kicks in & you are in the red profit zone.wtf.. I hope you had a stop loss in place. If you are following me those far, those trades are dangerous..learn from my many mistakes..Fuc*king Hope What was my mistake? expecting a DZ to reverse the dominant trend & while this does frequently happen, and it is how market is created. but the futility is in the assumption that you can gauge the top or the bottom before the trend changes. I learned to wait for the trend to change without me then i ride the new trend. much like surfing a wave. ride the wave & trade the trend.
TSX:WEEDLong
by greatful-me
2
Reversal off oversold conditions ahead of May 30 financialsECOM is staging a strong comeback from oversold area ahead of what are expected to be strong financials next Monday, May 30th. Bullish MACD cross (technical buy signal). Bullish Engulfing candle and a move above EMA 9 for the first time since April 1st. Trading at significant discount to peers. Q4 2021 saw $14.9M in revenue, adjusted EBITDA of $1.4M, cash flow from operations of $2M. 2021 annual revenue: $34.8M. Market cap: $28M. CEO's Twitter post appears to suggest we can expect solid numbers next week: "No secret, it's been a brutal market, especially for tech stocks. Some warranted, and some unwarranted. We report Q1 results on Monday. It will be our first full Q with all acquisitions included. Another chance for shareholders to judge our performance..." twitter.com Analyst price target: $1 "(Raymond James) is now calling for EMERGE to hit full 2022 revenue and adjusted EBITDA of $64 million (unchanged) and $7 million (unchanged), respectively, and for 2023 revenue and EBITDA of $72 million (unchanged) and $8 million (previously $10 million), respectively. With the update, Li has reiterated his “Outperform 2” rating for ECOM while lowering his target price from $2.25 to $1.00 per share, which at press time represented a projected one-year return of 127.3 per cent. “With e-commerce peer valuations down substantially in the last three months (down by ~20 per cent on average), we have lowered our target multiple to 2.0x (from 2.5x) NTM revenues, still at a discount to other e-commerce companies. Our target moves lower to $1.00 based on 2.0x NTM revenues"
TSXV:ECOMLong
by wealth_bakery
First Majestic: There it is!There it is! First Majestic actually did it – it has advanced into our turquoise zone between $12.36 and $6.89. Now, things are getting interesting. As First Majestic has reached the middle of the turquoise zone and thus has tapped its ideal target point for wave 2 in turquoise, it could already start to move upwards, crossing the resistance at $19.41. However, there lurks a 45% chance that First Majestic could fail to turn and could fall through the turquoise zone instead. In that case, it could drop further below the support at $5.30.
TSX:AG
by MarketIntel
2