TRIP trade ideas
CSE :#TRIP(RED LIGHT HOLLAND CORP)hi
#TRIP(RED LIGHT HOLLAND CORP)
is in great weekly demand zone
Entry:0.100 (this week candle)
SL:0.080
TP:0.390 means 280% Profit
if You enjoy Support me by comment and share
$TRIP hidden gemCanada as well as multiple states are legalizing magic mushrooms. RedLight Holland is a leader in this space as well as recreational use in the Netherlands. They have made strides with the Canadian government to import magic truffles as well as made waves with Colorado's bill to legalize mushrooms for recreational and medical use. This stock was once valued 5x it's current price and it will go back. Anyone should buy as much of this stock at this retactment level as possible.
Expected levels
Low - 0.10
High - 0.50
An easy way to 5x your investment. The year 2023 is a big year for legislation surrounding mushrooms in the US and Canada. This will only increase the attractiveness of this stock. Its extremely undervalued as is.
TRUFF: We are about to enter a new ageTRUFF: Hit's one week new extreme: .40. Very scary, if you're sitting on the sidelines only commentating this game. The flexicution is very real, chimpanzees.
We are about to enter a psychedelic age. The plan - the liberal plan - is to legalize recreational drugs. From psychoactives to opiates. First, they will start with companies like TLRY, Canopy Growth etc. etc. then TRUFF, and other psilocybin companies, then LSD, then DMT, then Peyote, then Amphetamines - Adderall, Dexadrine, Cocaine etc. and I'm sure Merck Pharmaceuticals will be one of those companies we see somewhere in 2040 that's legalizing cocaine.
So, brothers, sisters: TRUFF / TRIP is JUST the beginning.
RED LIGHT HOLLAND micro cap. company high potentialA good micro cap Canadian company with the potantial to do dealerships with much better companies or in a variety of sectors... The news is good and we are waiting for the big boom. It is already at the psycedelic pharmacy ETF and as it boomed once the previous year we are waiting to see a steady uptrend.
$TRIP Bullish going into the new weekHere's $TRIP again, charts looking good and we havnt been at this support in a while.
A wedging pattern formed and a breakout is imminent.
✅ Bullish Trendline with strong support levels
✅ Near the end of the wedge
✅ Red Flags = Relative Strength Index ( RSI ) divergence shown here
A price entry can be made here ~0.30-0.32 and looking for confirmation(1) at $0.33. **Watch for another confirmation(2) above the strong resistance of 0.35
________________________
Price Entry: <0.31
Price Target: 0.35
Profits: ~12%
or
Price Entry: <0.31 or at confirmation(1)
Price Target (PT): > 0.38
Profits: ~ 20-30%
**There are warrants for long holds.
- Pocketfeeder
TRIP.C is starting another leg up on Brazil expansion newsTRIP had a major news release today, having its psychedelic products authorized for import to Brazil. The stock has consolidated well and is forming a Double Bottom (bullish biased) pattern on the daily chart. Promotional campaign is under way. I am in at .495.
--
Red Light Holland iMicrodose Pack Receives Authorization for the First Legal Import and Sale of Psilocybin Truffles to Brazil
Anvisa, The Brazilian Health Regulatory Agency has granted a permit to import the Company's iMicrodose Pack by way of the Country's 'named patient import process' for prescribed medical use
Toronto, Ontario--(Newsfile Corp. - February 25, 2021) - Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC: TRUFF) ("Red Light Holland" or the "Company"), an Ontario-based corporation engaged in the production, growth and sale of a premium brand of magic truffles to the legal, recreational market within the Netherlands, is extremely pleased to announce that Anvisa, Brazil's National Health Regulatory Agency, has granted authorization for the Company's iMicrodose packs, which contain 15g of Psilocybin Truffles, to be legally imported to Brazil via the 'named patient import process' for prescribed medical patient use.
"We are grateful for our collaborative relationship with Disruptive Pharma who worked closely with the Brazilian Health Regulatory Agency to secure authorization to import Red Light Holland's iMicrodose packs, with our natural-occurring branded Psilocybin Truffles, to be imported and sold in Brazil for Medical use, as our branded iMicrodose packs have officially been prescribed by a doctor to a patient in Brazil," said Todd Shapiro, CEO and Director of Red Light Holland. "This is a monumental day for the Company, and we are so proud to be a part of providing legal access of psilocybin to Brazil and for the first time having our product prescribed by a physician for medical use."
Red Light Holland's iMicrodose packs have been shipped to Disruptive Pharma's MyPharma2Go logistics hub in the Netherlands to start their journey to Brazil. Once landed in Brazil, MyPharma2Go is expected to deliver the iMicrodose packs to a Brazilian patient as they have been pre-prescribed by a physician, before the end of March 2021.
This approval and shipment represent a significant advancement in opening the legal and medically approved market for psilocybin in Brazil, a country with a population of over 200 million people. Shapiro added: "This early process working alongside Disruptive Pharma's MyPharma2Go.com, a large Brazilian online pharmaceutical and supplement distributor, has been an absolute pleasure and one we are thankful for. We are pleased to do our part to potentially be a part of positive change in Brazil, and to steal a line from Neil Armstrong: This is one micro step for man, one macro leap for mankind."
Red Light Holland and Disruptive Pharma continue to work towards finalizing their proposed joint venture structure and agreement, as previously disclosed in the Company's news release dated December 14, 2020. In consideration for Disruptive Pharma having met these initial milestones, the Company has agreed to issue to Disruptive Pharma, 3,000,000 common share purchase warrants, each warrant is exercisable into one common share of the Company at a price of $0.50 per share for a period of 2 years. 750,000 of these warrants have vested immediately based on Disruptive Pharma having fulfilled these milestones, the balance vest upon future milestones being met. These warrants and any underlying shares issued upon exercise, are subject to a statutory hold period of 4 months and 1 day.
TRIP Potential Small Breakout to the upside. Publishing my first chart. Noticing a small bull flag about to break out to .62. Waiting for
Confirmation of the break out.
$TRUFF Cup & HandleLooks like TRUFF is showing a Cup & Handle -- 5+:1 Risk Ratio if pattern follows suit and breaks resistance. Stop loss at -5% at current entry.
$TRIP $TRUFF A nice Cup and Handle forming as we make it towards the end of the week. Perfect timing with the upcoming news release.
Red Light Holland has already made it known that they want to be the forefront in Psychedelics. To date, i've noticed a strong campaign regarding branding and increasing company exposure/ psychedelic acceptance. I do like that Bruce Linton is also the Chairman of Advisory Board
To note: Red Light Holland making an APP to share personal stories of Microdosing?.. Along with a Job-Contest coming up for Feb 8th?..
I do not see this staying at these levels much longer. GLTA
- Pocketfeeder
TRIP LongTrip seems to be picking up steam and reversing direction to the upside.
I am in the trade at Avg. price .30
My targets are going to depend on volume and how it moves, 1/3rd at first target and 1/3rd at second target if I think it will reach there, the remainder will be held long or until a confirmed reversal to the down side.
TRIP Mini breakout?Breakout above short term down trend, lining back up with longer term uptrend, needs to close above fib resistance of 0.325 to confirm.
Fibonacci magic at TRIP. Hourly confirm daily Fibonacci.This idea is written from a purely technical perspective and does not consider news and reports in the market about RED LIGHT HOLLAND.
This time I looked at the chart on daily and hourly time frame basis together.
For explanation: ORANGE = daily, BLUE = hourly. Point C (orange) I have moved a little for clarity. The blue C point is the correct one for both ABCD moves.
What is interesting here is that the daily expected target lies exactly on the target of the 2nd hypothetical assumed Fibonacci on hourly basis ( .845 CAD). Currently we are in the retracement zone of both Fibonacci. This looks to me like a nice entry scenario.
BC= Retracement (eventually not finished)
CD= Push
D = Next expected targets
In this sense - good luck to all of you!
mophi
And please remember. Act according to your own plan. These are ideas to the best of your knowledge and belief. Nevertheless think twice and then act on your own responsibility. The ideas are a purely personal interpretation. They are not guarantees, investment recommendations or an invitation to act on them.
TRIP, the baby MMED that will hit soon 1$Hello again fellow Bulls, most of you probably ask the same question, where can I get a similar stock like MMED, well I am here to tell you that TRIP is baby MMED and moves 2 times stronger when MMED moves. However, before you put any money into this penny stock, understand that I do not know their long-term plans nor I am confident they are even a good company. My opinion here is only to alert you all that MMED strongly influences this stock to rise because of the trend and I clearly see this stock hitting 1$ once MMED announcing NASDAQ or opens at NASDAQ. But do understand that TRIP is much risky than MMED and it may bring you 2 times more profits, it also brings you a bigger risk. I would bag-hold this stock only for the trend and not for any future ideas that this company have. What I am doing, is putting only 1/5 or 1/6 of my portfolio into this stock, the rest I keep at MMED. We should hit 1$ at a time limit of 2 months. Good luck fellows.
TRIP.C -- Breakout following consolidationClean break after consolidating in tight range. Not much resistance until .11. Last financing done at .165. Promotion starting this week after CEO's arrival in Netherlands. Favourable macro.
wedgesmall wedge with bullish divergence making this an appealing play. Max is probably .150 as indicated by the anchor vwap on where bag holders will try to sell.
