Organigram opinionThe weekly chart shows a goo sign of a large run for the next year. 300% +
I'm predicting OGI to continue lower to the support around 1.60 sometime in Feb/March before it starts its long gradual run into Jan 2021.
OGI trade ideas
This is starting to look promisingIt is no secret that this whole sector has been hit hard. This graph does have abit of promise.As we can see it is at a very steep downwards channel but I believe we are nearing an end. We can see that on the OBV, MACD histogram and William R to be bullishly diverging . on top of that the RSI is bullishly diverging on three points.
We can see that the price action found support on downwards sloping support line and it is currently approaching it again. On top of that we also have a nice base that was formed right below it since 2017 in case that fails
This week will be interesting to see how this price action forms.
I would still feel uncomfortable taking a long position since I have seen downward trends that has bullish divergence on 5 different points before if you take a look at OXY.
I'm bullish leaning on this as it looks like we have come to an end to this downwards channel, but it could easily just go sideways. but it will nonetheless be on my watchlist. It's possible that it might bounce and hit the 55EMA, but i would not count on it.
It seems to be respecting the 55 EMA on the 6 hour. So this will be an interesting week , especially if it breaks out to the upside and uses the 55EMA as support.
Perhaps there may be some people still hopeful that early 2020 is the time for cannabis and we might beable to take advantage of the little hype it generates, but i would probably sell it off before the earnings. Too many bad memories...
OGI Looking like we are near bottom-fishingLooking at my lines, I think this is a good time to buy for either a quick 20% scalp, or a longer-term 3-5-year 300-400% gain. Fundamentals need to align with technicals, but I think the pattern has this rising again. I might be early, but I am in here.
Descending wedge into long-term support is how I see this.
Last day for tax selling for Canadians. $3.13 buy opportunities?Watching OGI for some time. They are the first of the top 5 producers to ship 510 vape carts to the market. This is a much better strategy than their highly packaged pre-rolls which are a waste of time and money. At $3.13 CAD or $2.38 USD and bullish trend pattern charts forming with strong support at these prices, maybe time to get back long on Organigram?
OGI bullish, crossing MACD with support.OGI is crossing the center of the MACD line and has support.
As dispensaries are being rolled out throughout Canada, revenue for OrganiGram will increase dramatically in 2020.
My guess is a day of consolidation then a spike in buyers.
OrganiGram is Wickedly Undervalued!!Hey Friends!
OrganiGram (NASDAQ: OGI) is a Canadian company and leader in the organic cannabis space. The company is growing at an impressive pace.
Raymond James analysts predict that 2019 total revenue will be $97 million. That’s a huge jump from $12 million in revenue in 2018 and $5.7 million in 2017.
OrganiGram also expects to increase production capacity from 24,000 kilograms per year to 113,000 kilograms per year by the end of 2019.
OrganiGram is one of the few profitable publicly traded cannabis companies. And analysts are generally bullish on OrganiGram. For example, CIBC analyst John Zamparo says, “The company offers one of the few opportunities to gain exposure to the cannabis space at a reasonable price. We believe OrganiGram has a demonstrated track record of profitability, a rarity in the cannabis sector.”
Organic cannabis is an area that’s especially interesting to me. Pesticides are a big problem in cannabis today. Anything you inhale into your lungs should be organic. I believe that when people buy cannabis for health reasons, they will increasingly choose organic.
Organic cannabis prices should hold up much better than non-organic. There are very few organic producers, and far less supply. As a result, organic cannabis prices shouldn’t be affected by oversupply issues the way non-organic cannabis prices are.
OrganiGram has healthy gross margins of around 50%, and some of the best yields in the industry. It produces roughly 230 grams per square foot, versus an industry average of 75-125 grams per square foot.
The company has a huge opportunity coming up with sales of cannabis edibles, beverages and vaporizers beginning in December in Canada.
OrganiGram’s primary organic competitor, Green Organic Dutchman, is struggling and has slashed production estimates.
I strongly recommend reading this Bloomberg article to better understand OrganiGram’s potential:
www.bloomberg.com
As you can see, OrganiGram trades at a discount to its competitors. Its business model is sustainable, and I believe this company offers an excellent risk-reward equation.
Stay ahead of the masses,
Seth
OGI longOGI meet the strong level at 3.08 and made a false breakout. I will look for a long after price retest level.
Bullish One White Soldier ConfirmedWIth OGI closing 4.17 in its previous session, the white candlestick opened above the previous day's close and closed above its open. Similar to a Bullish Harami pattern but with the second day closing higher, which stops the engulfing of the white body by the preceding red body. Short term traders will wait for a daily pullback to buy into strength with higher lows confirmed. More aggressive traders might want to look at other patterns to determine whether a large swing trade picking up the lows might be appropriate.
OGI CRITICAL SUPPORT/RESISTANCE ZONEHello !
Here are my thoughts on the stock Organigram is at in its current market state. As you can see with the numerous weekly candle touches, this stock is at a critical zone. I believe a reversal would be most probable giving the RSI, MFI, and Stochastic RSI are all oversold and finding a nice bounce in this zone.
Not investment advice, just my idea ! :) happy trading !
$OGI Is A Top Cannabis Play$OGI looks to have bottomed after a very strong bounce on Friday. The $2.70 is a very strong support zone and one which investors can buy off of.
Many investors are looking for exposure to the cannabis space and now is a good time to look after the sector has been in a prolonged bear market.
OrganiGram Holdings Inc., through its subsidiaries, produces and sells dried cannabis and cannabis oil in Canada. It also offers wholesale shipping of cannabis plant cuttings, dried flowers, blends, pre-rolls, and cannabis oils to retailers and wholesalers. The company also exports its products. It sells its products online, as well as through phone orders. OrganiGram Holdings Inc. was founded in 2013 and is headquartered in Moncton, Canada.
As always, trade with caution and use protective stops.
Good luck to all!
Organigram: Strong long term buy opportunity.Despite Organigram Holdings Inc continuous 5 month sell-off, the stock has reached a point where there are 3 strong technical factors supporting the idea that a strong bounce may emerge.
1. The price hit the 4.15 1M Support which is holding since December 2018.
2. The price has almost made contact with the 1W MA200.
3. The RSI on the 1W chart is past 30.00, a point it last traded during October 2015 when it had an aggressive rise of +600%.
Now we are not suggesting that another +600% rise will emerge (that would bring the stock at $30) but we are at a point when adding OGI to your portfolio would be beneficial over the long term. We are looking towards a 11.30 target.
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OGI - Bullish Momentum From Retracement Bulls RebuyingOrganiGram Holdings, Inc. engages in the production and sale of medical marijuana. Its products include strains, cannabis oils, and vaporizrs. The company was founded in 2013 and is headquartered in Moncton, Canada.
SHORT INTEREST
3.06M 08/15/19
P/E Current
35.56
P/E Ratio (with extraordinary items)
27.84
P/E Ratio (without extraordinary items)
38.74
Average Recommendation: BUY
Average Target Price: 12.06
This looks cheap around $4One of the lowest cost producers of cannabis in this booming sector. Support building which does need to hold. I will start building my position for long term investment in this company from here.
Clear resistance lines for Canadian LPsCGC CRON ACB APHA TLRY VFF HEXO TGOD OGI
Clear lines in the sand that bulls must get over to shift momentum on the daily charts. So far only VFF has done so
If these resistances break, zoom out to the weekly charts, we're just looking for weekly lower highs.
$OGI Showing Signs of a Bottom Despite Continued Sector Rout$OGI has held the 200DMA as support the last two trading sessions & on July 15th. Hammer candle was put in on 7/29 followed by a bullish engulfing signal today.
OGI current trades at a 10x P/E 2019 revenue and a 3-4x P/E on FY2020 revenue estimates. We see several near-term catalysts for $OGI and feel the stock will benefit immensely once the current industry chaos settles down (CTST, APHA, HEXO, etc)
The company announced July 15th, it developed a Rapid-Onset Nano-Emulsification Technology for Cannabis Beverages with an initial onset of 10-15 mins vs 60-90 mins on average. The company also clearly told the market they're actively seeking a beverage partner & is for sale.
Management has proven they can execute with positive adjusted EBITDA 4x Qs in a row, minimal dilution to shareholders vs peers, disciplined w/ expenses (No $600M losses here), and a very transparent with investors. $OGI management won't pump the stock & give unrealistic guidance like some of its peers, $OGI is focused on building an operationally sound profitable cannabis company in Canada & Internationally.
We expect $OGI to get a lot of attention from institutional & retail investors state-side in 2H 2019 as investors begin to pay more attention to market caps, margins, profit/loss, etc. The industry is maturing very quickly and we believe investors will begin to see $OGI as a Top 3 LP.
Time will tell...
***Disclaimer: I am long $OGI. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.***
Wiggle Room for OrganiGramAccording to my chart, shown here, the OrganiGram stock is holding just between (or round about) the middle of its support and resistance levels, so it's hard to say for sure which way the trend will go in the coming hours. With a RSI in the mid to upper 40s, it doesn't seem as though the stock will be oversold any time soon, making it a sound investment (at least, in the long term).
OGI is the way to goHello tradingview family, I just wanted to share my latest idea on OGI, this stock took a beating today but the potential it has is really solid and everyone in the cannabis sector should check this stock as this stock is deeply undervalued. The security zigzags a lot but now that it is in the big board, it will remain a touch competitor as the year goes by.
