Organigram: Home StraightOrganigram should retrace a little further within our magenta Target Zone between C$2.65 and C$1.91 before completing the magenta wave (2). With the low in place, a rise above the resistance at $3.95 is then on the agenda.
OGI trade ideas
Organigram: Time to turn aroundOrganigram has now reached the level within the magenta Target Zone between C$2.65 and C$1.91, where we expect the same-colored wave (2) to end. The price should turn around soon and rise above the resistance at C$3.95.
OGI - a MJ penny stock upgraded LONGOGI got an upgrade from hold to buy and with it a target of 5.25 or more than double current
valuation. The ballot iniative in Florida and legalization in Gremany are recent news. VP Harris
seeks to make legalization an lection issue this fall while pushing for a DEA reboot on the whole
cleassification of MJ. Prospects for growth seem more clear for OGI . I will take a long trade
here with the National MJ Day upcoming this weekend. I will target the horizontal levels
of recent pivots as drawn in black on the 60 minute chart.
OGI Swing Trades Continue More Volatlity from Fed News SHORTOGI has completed another trend up from the federal news about a push for legalization
of marijuana as a handout from incumbents seeking another term. My recent idea on OGI
as to demonstrate its suitability for high return short duration swing trades to add compounding
into the profit and returns. The increased volatility due to the federal news only adds to
the overall picture. I will short OGI here looking for price to fall to the area of the mean VWAP
where I will reverse my position and begin to take a long position in increments at optimal
entries.
$OGI - 9-years forecast for the company sharesSo funny and amazing, when you had prepared a long-term vision for a company just 2 days ago, but did not published for a while, and purely by chance get notices, that this company has grown today for almost 250% in some hours.
So, nevertheless, this only confirmed, that signals, which were seen are correct and I still can publish my forecast for almost 10 years ahead.
I see a huge divergence on 1w timerange and NASDAQ:OGI was able to accumulate a huge potential for the future ascending motion. Being on the bottom and turning around, it has an energy to show perfect plus even from the current values. Of cause, after so enormous jump today, we will observe some kind of correction, but for investors this fact can't be a problem.
Good company, fields of the future with a possible nice results.
I believe, it will keep on moving to the top.
Goal number 1 for 1 year is 4.5
Does not constitute a recommendation.
#investing #stocks #idea #forecast #furoreggs
Please, subscribe and challenge my point of view )
Swing Trading a Marijuana Penny Stock OGI LongOGI is a highly volatile penny stock in the marijuana subsector. It is too cheap to short It does
have options. ( The strike $2 for 3/15 contract on Friday went 67% from the LOD to the high of
day). On the 15-minute chart is shown my swing trading strategy for OGI. Each up arrow is one
lot of shares while the red arrow is to sell a lot. The lot size can be number for example
1,20,50, 100. consistency helps the strategy.
There are seven trades taken, three are completed while four are open. The three completed
trades average 2.5 to 4 % daily return and compounding when the cash returns from
settlement or new cash is deployed while awating settlment. There is no need for
margin. The options strategy yields more than 10% per day for capital deployed into
call contracts. The mass index indicator is used in lieu of a set of moving averages.
The dual time frame RSI looks for an early warning of a reversal with bearish divergence and
the faster RSI < slower RSI while the linear regression line in a reversal goes to a zero slope
before becoming downsloping.
This is an easy strategy with very little time and effort involved that can be scaled
once experience and results demand it.
This is an effective strategy to grow a small account in a short time. For those with significant
math skills or who know how to use a scientific calculator. Calculate the number of trading days needed to 10X initial money when the account balance is compounding each session and the compound rate is 2%. ( This strategy will compound an account 2% per trading day if 65%
of the account balance is in trade at any time with the remaining 35% settling or waiting
in cash for the next trade- I have done this several times with a few mentees.) ( Post your
result and I will private message you the calculation)
OGI Long above 2.16Nested pullback, 1-1.5 r/r, not much to say here but have to write some text to let me post.
Organigram: Motivated Bulls 🐂💪Organigram's share price was again characterized by bullish movements last week and attempted to cross the C$1.74 mark. Just on Friday it succeeded in doing so by a small margin, although we still do not believe that the price is in a real upward trend and should establish itself sustainably above this level. We are much more likely to expect a descent to the turquoise Target Zone between C$1.33 and C$0.63 as part of White Wave II, although based on past price performance we now locate the low in the upper part of this Zone and no longer in the lower part. Only when the low is in the bag should a turnaround be heralded and the price make a sustained gain. It should rise above the resistance at C$2.68.
How far can this drop ?Personally I would not buy here, rather wait for a clear double bottom to form.
If it hits the $0.6 range I'll be a buyer, otherwise it's a no trade for me.
BUY OGI Once again back in after almost 3 years.
FOMO is gone fair value is near and some great swing trade near!
LONG 3.5k shares of $OGI @ $.73 $OGI showing bullish trend change signals here at $.73 for long-term #Potstock exposure.
Technical analysis:
- Bullish RSI divergence showing on Monthly & Weekly chart which suggests and upside rally soon.
- Momentum oscillators and MACD are buried and curling up from lows on all time frames chart..
- possible double bottom test here at $.70-.75 best seen on daily and hourly chart..
- Emotional retail investors are the main price action driver so a final shake out of weak hands that have accumulated over the years & grown impatient with the lack of stock appreciation seems likely. With that said, share price could see a possible $.68 washout over the next couple weeks with sector tailwinds and industry consolidation.
- Institutional investors are still waiting on the sidelines for the market to mature, however, I feel they will be late to the party on any major industry catalysts discussed below and the bottoming processing is occurring now.
Fundamental analysis:
- Low cost producer, pot stock industry Licensed Producer pioneer with the best cultivation knowledge
- Strong balance sheet with large cash position to stalk and act at the perfect time to enter Germany or US market, either through a convertible note or acquisition.
- Strong cash to debt
- strong price to book of .6 and price to sales of 1.98 which suggests undervaluation
- Management continues to learn and watch from other publicly traded companies success and failures in the US market to keep shareholders interest in mind when getting exposed to US markets
- Very compliant to Canadian and other country industry regulation. Leader in market share in Alberta and expanding into Winnipeg (gummies). Largest Hash producer in Quebec
- Currently exporting to Israel (cannadoc) & Australia, and looking to expand into US and Germany
- British American Tobacco's significant investment (BAT) suggests strong partnerships in product and industry regulation research. Big Tobacco wants to be exposed to Cannabis and chose Organigram as an entry into a very regulated market that they have to be cautious
- Canadian indoor grown cannabis is a premium brand in many countries,
- Potstock sector tailwinds look to finally be slowing down and priced in like safe banking act failing & other regulations priced in
- margins growing driving efficiencies , long term vision
- CAD likely to rally against the USD here to reduce foreign exchange impact
Catalysts:
- federal legalization in US
- reschedule of cannabis in US
- market competitor shake out that will happen over time and industry consolidation
Risks:
- Continued common stock dilution with ATM share offering and stock compensation
- Emotional Retail Investors continue to liquidate while smart money accumulates below <$1
- Nasdaq delisting however, intrinsic value suggest share price is undervalued below $1. Company mentioned they would reverse stock split if it came down to it
- US and other countries slow progress on regulation
- Industry wide tailwinds and sell offs
Although OGI has produced highly inconsistent earnings , the company should be back flirting with free cash flow. Risk reward remains favorable with a tangible book value of nearly $1.64 per share limiting downside. The future is bright with Organigram. One of the best balance sheets in the industry, a great team with great execution, both on the retail side execution sales excellence, and in cultivation and production. Organigram will expand outside of Canada offering exposure to many different markets and opportunities for share price appreciation
Doctrine of the Mean
Stock price is at $1.00.
Mean price is at $2.87.
Golden pocket is at $4.20.
Bullish RSI divergence after a 95% pullback
People actually buy their weed for $120/oz because it's quality (AA/AAA), consistent, and readily available.
--------------------------------
= 420 YOLO
Medium to long-term trade setup. I will be feeding the ducks this summer (June/July)
Organigram ranging inside a falling wedge So far Organigram has been trading inside this falling wedge. I'm still waiting for it to touch the lower trendline for a third time before I go long.
Upward channel movement on $OGIAfter seeing a multiple bottom at $1.30, we're now seeing a possible ascending channel pattern which could be very profitable for traders. A multiple bottom paired with strong quarterly revenue proves to be very attractive for us. I think we could see $3 in the midterm with some good volume.
Let me know what y'all think.
OGI___Buy LongOGI_Cannabis stock, Trend Inversion, Stock having positive QEarnings, Inverting the Bearish trendline, now creating an ascending Bullish Channel
LONG Im waiting for it to break R1 Yearly @ 2.98 which will also put it over the cloud .. $ broke above 50Ma on Friday with 8% 10M vol. Earnings finally realized 63%. OrganiGram Holdings, Inc. engages in the production and sale of medical marijuana. It focuses on producing cannabis for patients and adult recreational consumers. The firm's brands include Adult Recreational and Medical. The company was founded on July 5, 2010 and is headquartered in Moncton, Canada.
OGI, pont stonx updateOGI - If you're looking for a low risk entry on the next potential leg up in MJ stocks, this has held for 3 months since entry and may want to leave this local range in the weeks ahead. Harmonic gave us the entry in Q2, now we wait a bit more it looks like.
OGI Organigram Holdings Great Earnings Call and Price Targets OGI is free of any significant debt after repaying our entire term loan balance of 58.5 million!
The company currently has 220 million in cash and short-term investments!
The Market Cap is only 880.85M!
Q3 results:
- Gross revenue grew 51% from Q2 2021 to 31% from the same period in fiscal 2020 to 29.1 million.
- Net revenue grew 39% from Q2 and 13% from the same prior-year period, respectively, to 20.3 million.
- Cost of sales decreased 47% to 23.4 million from Q3 of 2020
- IFRS gross margin increased to a positive 2.1 million from a negative 50 million in Q3 of 2020, largely due to lower cost of sales
- net loss in Q3 of 2021 was reduced from Q3 2020 loss of 90 million to 4 million.
Tobacco giant BIT British American Tobacco made an investment in Canadian pot grower OGI Organigram Holdings. BIT has a 19.9% stake in Organigram for an investment equivalent to about $175 million.
The partnership also gives OrganiGram an opportunity to expand into the U.S. and new international markets.
1. My medium term price target is 4.5usd based on the resistance level
2. Fibonacci extension tool has a price target of 5.45usd
3. Stifel Nicolaus brokerage has a price target for OGI of $6.00
Did you know that you can buy it now similar to the price British American Tobacco paid for OGI Organigram Holdings?
OrganiGram: Next Turn Ahead! 🍁🍁🍁We are approaching price levels around CAD 3.37 and expect the course to turn around that mark. From there, the corrective movement should be over and followed by an increase above CAD 3.86. Once above this mark, we have a strong signal for further runs towards CAD 4.60.
Don’t miss it!
$OGI Analysis Short Term- Analyzing what Candlesticks Tell YouThe current channel is amazing for accumulation strategy. Great pot stock in general. Use Finviz.com with tradingview to making winning trades. Use screeners often to find tickers.
OGI - Possible Bullish Trajectory EstablishedOGI's price created a double bottom between April 20 and mid-May. Short-term resistance has become support (orange horizontal lines), and although the RSI, MACD, and WTT indicate a short-term reduction in price, I believe price will follow the channel identified by the pitchfork. This idea becomes void if price breaks strongly out of the pitchfork channel and below current support.
Overall, I'm bullish on OGI, and we'll see how the next earnings report affects price. Thoughts?
(Good luck, do your own research, and trade safely. I'm a complete amateur, so don't trade based on my ideas. I produce charts for my own education. The ideas I present are not financial advice.)
