GTII trade ideas
LONG GTII Been long for two years always adding to this great MSO
I believe we will see a new ATH very soon.
GL
Green Thumb Industries, Inc. - On the way to ATH Green Thumb Industries, Inc. engages in the manufacture and distribution of branded cannabis products. It operates through the Consumer Packaged Goods and Retail segments. The company was founded by Benjamin Kovler on February 18, 2002 and is headquartered in Chicago, IL.
Green Thumb Industries, Inc Breakout Imminent Green Thumb Industries, Inc. engages in the manufacture and distribution of branded cannabis products. It operates through the Consumer Packaged Goods and Retail segments. The company was founded by Benjamin Kovler on February 18, 2002 and is headquartered in Chicago, IL.
Green Thumb Industries, Inc 30% UPSIDE Green Thumb Industries, Inc. engages in the manufacture and distribution of branded cannabis products. It operates through the Consumer Packaged Goods and Retail segments. The company was founded by Benjamin Kovler on February 18, 2002 and is headquartered in Chicago, IL.
$GTBIF This "Weed" Stock Is A Winner On A Biden Elecation This well run "weed stock" company should be a clear cut winner on/if a Biden election. We have an order in to BUY at $7.50 exactly where the "gap" fill is and if it gets back there. If filed this will bealong term hold with a 500% potential. This is not advice. #stocks #trading #fintech
$GTBIF Shares Move to Test Key Resistance in Leadership RunGTBIF moves to test the critical $10.50 area as the Ichimoku Cloud turns green for the first time in months. Volume has been growing and the cannabis space is heating up, with GTBIF clearly now a leadership name.
$GTBIF Green Thumb Industries Trade setup
Awaiting break out of old congestion zone, alert set for $10.46
Possible upside targets as per horizontal resistance levels.
All major moving averages now support but may need to catch up before nay major advance in price
USA based and good fundamentals with huge potential
GTII Rising Wedge| Range Median| Structural Resistance Today’s Technical Analysis – GTII – trading in a valid rising wedge where a break back to structural support is likely.
Points to consider,
- Range median (Local resistance)
- Structural support retest (S/R Flip confirmation)
- RSI divergence
- Stochastics in upper regions
- Noticeable bull volume
GTII’s range median is an important level marking the apex of the rising wedge. A break down to structural support is probable; it needs to hold to confirm an S/R Flip.
The RSI is showing divergence, price is making consecutive higher highs whilst the RSI establishes lower lows, a valid bearish divergence.
GTII has noticeable increase in bull volume nodes, it needs volume follow through once structural support is tested.
Overall, in my opinion, GTII is likely to break bearish from this rising wedge; structural support retest is probable, level bulls must defend.
What are your thoughts?
Please leave a like and comment,
And remember,
“You create your own game in your mind based on your beliefs, intents, perception and rules.” ― Mark Douglas
$GTBIF Does Battle With Established LevelsGTBIF dipped under the long-term $7 support shelf all the way down to $3.75. And there came the big bottom. Now, look for that shelf to be retaken as the company posts 300% top-line growth.
Green Thumb Industries Inc. P-Modeling Pt A. The Quantum Loop Look closely..
What do you see?
I see laughter and curiosity..
An entire ecosystem lies right beneath your ego.
Impossible.. I am probably wrong..
Right?
Not. I. said the Hare..
Thanks for Pondering The Unknown with Me,
Glitch420
GTBIF - back in the channelI'll be continuing the earlier trade idea picking up close to the bottom and taking profits at the trendline.
Watching valentines day news from CGC to help the sector.
GTBIF GTBIF held nicely in this recent pullback. Bounced off the 618 daily FIB.
one of my longs.
I didn't expect a break out of the channel as soon as it did.
GTBIF - shakyGTBIF is reversing its trend and rising with the sector, but lagging in how bullish it is.
Weekly resistances shown...
Gap moves on the daily but these candle stick wicks scream a lot of indecision!
I'm long on GTBIF, originally played the channel from the bottom, and am looking for a clear retest to open a larger position.
GTBIF - continuing channel or breakout?I've been looking for an entry into the MJ market for the past 6 months and have been watching a few ones closer than others.
GTBIF has established nice support and has bounced a few times now. They bucked the steeper downtrend channel and formed a fairly parallel channel enclosing the current base support.
I bought in the other day at 8 hoping to catch a bounce off the trend line and a re-entry play again at 8.
2019 ended with most MJ stocks picking up 10%+ whereas GTBIF couldn't push through the trend line and only picked up a 3.85% gain.
If 2020 continues with bullish MJ sentiment; I think GTBIF will hold the trend line then blast through. If there is a early sell off, I think they will hold the current base.
$GTBIF Turns Bullish on Technical Pattern BasisGTBIF
The stock is showing technical signs of successfully forming a bullish base on MACD divergence, support hold, and trendline breakout.
Green Thumb Industries Inc (OTCMKTS:GTBIF) recently announced its financial results for the third quarter ended September 30, 2019. All currency is in U.S. dollars, unless noted otherwise.
According to the release, “Third quarter 2019 revenue increased 296% year-over-year to $68.0 million. Quarter-over-quarter revenue increased 52%. Topline results were driven both by organic growth across the Company’s consumer products and retail businesses as well as a full quarter of Integral Associates revenue.”
And the stock has been acting well over recent days, up something like 19% in that time.
Green Thumb Industries Inc (OTCMKTS:GTBIF) as a producer and distributor of cannabis products including flower, concentrates for dabbing and vaporizing, edibles, and topicals. The company markets its products through third party retailers. It also owns and operates a chain of 50 retail stores under the RISE dispensaries name. The company was founded in 2014 and is headquartered in Chicago, Illinois.
Read more at: dailytrendingstocks.com
Green Thumb Industries trade setup Meaningful resistance approaches as the dropping 200ma comes into view.
This would be a good opportunity to take profits is the rally can get that far.
Green Thumb Gets "Compelling Buy"Chicago-based Green Thumb (GTBIF – Get Report) owns the Rise and Essence brands of retail cannabis outlets, with more than 50 retail stores under the Rise name and additional outlets through third-party marketers. Green Thumb’s calendar Q2 earnings release showed $44.7 million in revenues, a 60% sequential gain and a 228% year-over-year gain. Organic consumer product growth and increased store traffic powered the revenue gains. Along with fast-growing revenue, the company also boasts a strong cash position, with $83 million in liabilities more than balanced by $117 million cash on hand. CEO Ben Kolver stated of the company’s forward prospects, “Continued execution of key priorities such as… accelerated store openings, and expanded distribution of our brand portfolio, sets us up well for the future.”
With operations in 12 US states, including its retail locations and 13 manufacturing facilities, Green Thumb is well positioned to take advantage of the expansion prospects in the US cannabis markets.
Starting coverage of Green Thumb for Cowen in mid-September, 5-star analyst Vivien Azer specifically cites the company’s high growth potential. She writes, “We believe the company’s focused operating model that favors geographic depth, and a balanced revenue approach between wholesale and retail, gives GTI the most revenue and margin potential among our MSO coverage. GTI is our favorite name among the MSOs.” Azer’s $18.50 price target suggests an upside to this stock of 122%. Ms. Azer adds that Green Thumb is a “compelling buy,” describing it as, “…currently trading at 4.2x FY20 revenue, which is a 22% discount to their MSO peers.” (To watch Azer’s track record, click here)
The company’s low share price and high upside are key benefits for new investors looking to get in on that expansion. GTBIF sells for just $8.30 cents per share, and the average price target, $19.75, indicates room for 138% growth. Green Thumb’s Strong Buy analyst consensus rating is based on a unanimous 7 buys assigned to the stock in the last three months.
Source Smarter Analysts
