OGI trade ideas
Onigram stockmonthly innefiency filled, if price holds around this area we may see a push towards six dollar high then eventually 8$ high.
Potential inverse head and shoulder forming?Would like to see this however if we hold the red line for two more retests I believe will see the upside regardless of the pattern formation.
Found support on the last demand areaIf this level can hold we may see a parabolic movement to the upside. This level seems to be strong and if it creates a higher high we may be on the early side to a reversal flag/ falling wedge pattern. Keep your eyes peeled for this one. Happy trading.
OrganiGram – Happy 420! 🍁🍁🍁We hope that you all enjoy this day with some big buys of this stock. We are currently at the bottom end of the trading zone and expect the price to hit prices of CAD 11.45 – CAD 11.93, in the course of the wave in red. A crash is only gets a probability of 33% from us.
Puff, puff, pass!
OGI Canadian Cannabis Gem Hop on the train quick today is offering some nice discounts on this undervalued stock. We will see $6-$8 in the next coming weeks/ months. Recently invested in by a tobacco company for about $173 million will allow them to expand their reach and will be getting into the CBD scene. Go luck y’all lmk what you guys think!
$OGI Looking Like a Snack SoonOverall bullish on Organigram, but not at the current price level. We are not quite into oversold territory, and will need strong volume to signal a reversal.
1st Buy Target: $2.25 coincides with a minor support level and the 200WMA. This level may also provide a nice bullish swing failure of the previous low of $2.38 on the weekly time frame.
2nd Buy Target: $1.96-$2.00. This area was major resistance at one time. A retest of this zone, followed by a bounce, would provide a strong reversal point. A gap fill would also be a nice touch.
OragniGram: Money Trees 🤑🤑🤑It is working almost perfectly here! One target box after another is reached and we are currently preparing to experience the next breakout from the yellow box. What is important now is that we do not fall under C$3.03 in the current downward movement, but we only give this scenario a 25% chance. In general, we see amazing potential in this stock, and we hope you do, too!
Stay tuned!
First Technical Analysis of a security: OGI ShortIn this graph I believe that OGI will fall as it is in a downtrend and I can draw some trendlines that indicate it going down
OGI: Bullish Flag (105%), Bullish Flag (120%)Primary Target (short term):
Bullish Flag, confirmed (105%)
PT = 6.57$
Secondary Target (Long term):
Bullish Flag (120%)
PT = 6.40$
A Possible Bullish Scenario for OGIIf price drops below current support, it's likely to fill the previous gap and head toward lower fib levels, as noted on the chart. If that drop occurs, I'll be looking for buy setups at the lower fib levels.
Let's go LONG, long term with OGI!If price hold as pure support at my zone with no signs of rejection, I'm getting in around that area and holding. Let me know what you all see as well, I see a great future with this one. I see a pattern identical to the white line I made forming, let's see what it does.
OGI looking good for a push higherOGI following our pattern nicely after dropping to our BUY ZONE, with a gap up a pointing to above 7 in this wave i of 3. Levels to look for are the gap close at 3.25, invalidation of the pattern at 2.38 and above we would like for a break of the previous high of 6.45 before going above 7. #Potstocks tend to jump higher, so beware of gaps up and rocket moves. Both RSI and MACD turning up, pointing to a move up.
BAT invests directly in OGIBAT invested directly in OGI. I sold the $2.50 cash secured 2023 Leap puts.
With the cash infusion from the direct sale of stock to BAT there is minimal risk that the stock trades sub 85 cents.
Eight five cents would be the cost per share minus the put premium collected. and a secondary inveetment of the collected premium into GGN and BPT. As usual this is a two way trade. The cash collected went into BPT September puts and GGN common.
Please view the other two charts I posted for GGN and BPT details.
Of note I sold GGN yesterday for a 4 cent per share profit and the monthly distribution is 3 cents per share. The caveats with GGN and BPT investment with the put premiums collected are stated in the other two posts (SNDL and BPT).
wishing you prosperous trades and
all the best...
$OGI big deals being madeThis will be an interesting one to watch...
we have a gap that could be filled soon...
All gaps arent always filled...
how will the stim economy +
deals with this ?
Organigram $175.7M investmentOrganigram Holding announced this past Thursday they received a $175.7 million investment from a unit of British American Tobacco.
breakout = $5.21
R3 = $4.88
R2 = $4.48
R1 = $4.09
pivot = $3.72
S1 = $3.36
S2 = $2.99
S3 = $2.59
breakdown = $2.26
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
$OGI can rise in the next daysContextual immersion trading strategy idea.
Organigram Holdings Inc., through its subsidiaries, produces and sells cannabis and cannabis-derived products in Canada.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $4,44;
stop-loss — $3,71.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Thanks for being with me!
OGI.CA: Bullish Flag, confirmed (154%)Bullish Flag, confirmed (154%)
Pros:
Volume during post
Descending volume during flag
Volume during break out
Golden cross in blue
PPS above 50MA and 200MA
RS above 0 and ascending
R/R ratio above 8
ATR ascending
250RSI above 50
200MA ascending, barely
Target:
PT = 10.28$
Help how ever you can to keep this alive.
Thank you to those who have donated Coins!
Always do you own Due dilligence. This is not financial advice.
Stay Humble, have fun, make money!
Education:
www.dailyfx.com
OGI long sideDefinitely on the long side with Cannabis stock OGI with a nice catalyst as tobacco giant takes 20% stake. Looking nice in the technical aspect of this as you can see, low volume on red days with PSAR dot shows sellers has dried up plus huge buyers with green volume.
