0JBD trade ideas
IIPR in a textbook bull flag!Someone told me this was on their watchlist, and sweet jeebus! This thing is textbook. Price target is 190 by Christmas.
It seems like we've got 2 days of consolidation, but I think the Jan 15, 170 or 175 call would be a very safe play. It's sitting somewhere around $2.50 right now.
Watch for the 'wave e' maybe done to 150.60. It's a 100% buy if we head over that fib at 152.73 with just a bit of volume.
I'm 100% playing this with just a few contracts to start. Setting my alerts now!
Stoploss around $147.70 (your option would prob lose about 40%).
I haven't done a fib extension or anything because it's like...what is, work? Do you want me to work for this? No, I do stocks because I don't WANT to work. Amiright? Ain't nobody got time for that!
IIPR close to next expansion 4 more states have approved legal cannabis. A weekly close over 133 and a push through 139.53 will move this higher.
$IIPR Innovative Ind Properties
Missed the move today, will await for the move to new High.
target $150
Indicators bullish and reversing
Cup and HandleNo rising wedges
NV is high Short interest has always been high on this one.
Not so much now but still on the high side
Volatility has decreased recently
Dividend 3.73%
I buy on pull backs
Not a recommendation
Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.
Sector
IIPR Buy at 126.2 Profit Taking at 157.75Maryjane? Lets smoke a joint? This isn't that kind of company where it goes to the consumer for recreation but something different yet similar. This is a company that buys real estate that grows medical use canabis. The reason this came up on my radar is because of the insane sales and earnings over the past year as shown below.
Sales
Sep-19: +194%
Dec-19: 270%
Mar-20: +210%
Jun-20: +182%
Yearly EPS
2017: 0.67
2018: 1.30
2019: 3.17
2020: 4.99
2021: 7.49
There is an optimal risk and reward ratio that is happening in the coming week. The price is going though a consolidation phase in a flat base with a base of 14%. This is an very rough flat base because it has poked its head above it once in the 3rd week but overall it is following the pattern of hugging the 10WMA. So that means if the 10WMA is undercut on a weekly basis then it is a sell signal and if 126.2 is passed it is a buy signal. The overall risk is about 8% since is pushing the 7% loss. The expectation is to consolidate one more week (this week) then next week it'll breakout past the 126.2 buy zone. Time will tell. Also if you take a look at the daily chart the triangle have lesson, which is my script for 7% down days. This have lesson on the right side of the base, which is a positive development for the stocks.
As always be wary of the current market envirorment since it is still bullish but defensive action might be warranted.
Cup and HandleIf stock gets past the 2 prior highs, could run a ways
Targets 2 if passes old resistance: 150 161.5
Hammer on Monthly
Loose stop, perhaps under mid cup. This one can be very volatile
Not a recommendation
$IIPR 15% Upside in Innovative Ind Properites
Potential long above $121
Upside target range $130- $129
Somewhat safer side of Cannabis investment.
V bottomEarnings 8-5 amc No rising wedges noted at this time
Volatile as a volccano at times/short interest usually on the high side...Right now short interest a bit lower than the norm. I guess volatility to be expected when dealing with a cannibis REIT
I have owned this off and on for a long time. This one can burn you..just FYI. To me it is the best play on cannibis available other than OGI..and OGI seems to have been thrown to the day traders for now
Always look closely..things are not always what they seem
For me this is like when I owned TSLA..which I sold recently. I just do not look at it often (o: Probably not a good practice to have but sometimes you just like something and you do it anyway. It does not mean it is the smart thing to do
Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.
I own this but do not recommend it
IIPR longGame plan on chart, thin name so I’d manage size. Potential to be explosive.
Personally I’ll probably buy 1/2 at 75 if volume is there then a bit more at 75.5
Innovative Industrial Properties Beats the shorts $iipr "Is Innovative Industrial Properties (NYSE:IIPR) the WeWork of Cannabis," asks Grizzly Research. "We think it's worse."
"We visited in person dozens of properties, interviewed neighbors, the county clerks, and reviewed related leases. Our findings are shocking: We believe IIPR has accumulated a highly toxic portfolio of low-quality assets."
"Our cash flow analysis shows that IIPR has many characteristics of a pyramid scheme. We believe the ever-increasing dividend would have to be financed from capital raises or reduced substantially."
Grizzly pegs value of the stock at $22.29, even under an optimistic scenario. Shares are down 4.45% to $66.07.
source seeking alpha
IIPR Pivot Points |Oversold Bounce| Structural Support Evening Traders,
Today’s analysis will be on IIPR, breaching structural support and currently is testing pitchforks median line (resistance)
Points to consider,
- Bearish trend, consecutive lower highs
- Median line tested
- Structural support breached
- RSI recovering from oversold
- Stochastics in lower regions
- Volume climax evident
IIPR’s overall trend is bearish, putting in consecutive lower highs on the macro timeframe. Current resistance is being tested (Median line), it is important to break this level in order to test previous support.
The Structural support breached is a major level to close above; a retest and failure will confirm a bearish retest.
RSI is recovering from oversold conditions, this has lead price to an oversold bounce. Stochastics on the other hand is trading in the lower regions, can stay trading here for an extended period of time, however lots of stored momentum to the upside.
Volume climax is evident, which puts emphasis on a temporary bottom, this will get taken out if a bearish retest is confirmed.
Overall, in my opinion, IIPR must break and close above structural resistance, failure will be very bearish.
What are your thoughts?
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And remember,
“You have power over how you'll respond to uncertainty.”
― Yvan Byeajee
Short term Short: Long Term Hold$40In the short term you can most likely short this into the $40's.
I would look at a long term buy in the $40 area.As cannabis becomes legal you have this back door into it in the form of a REIT
IIPRGreat earnings ...would like to see it get back into the long term channel. Shouldn't be effected by the news but people get emotional.
