HEXO road the 50MA all day today Just crossed the 9MA and about to cross the 20MA...does this mean we are about to see a breakout?? What we can say is that the rest of the MJ Stock Index is also in the same START position! Is this a "CALL" to action??
OIL futures are in transition and not in a good way A break below this level and we are heading back to the low 30s! There is resistance here and 45-50 OIL in late summer is not out of the question!
BSV has an issue with Mystery Miners A retreat through 170 is possible! Volume is DOWN Mkt Cap is DOWN FIAT Vol is up by 40.5% move out to USD!! What is going on with BSV??
Govt Bailout - Check! - Eligible for $1B Passengers back flying - Check! EU opening up to International Airlines - Check! Oct 22 or 24 CALLs could work! Look for the DIP and BUY Monday morning based on futures right now!
APHA will likely dip towards the 200MA on the open but then will raise to get back into the previously established channel on its way to: 1st TARGET - 7 and 25pennys Half a BILLION in $$$$ This company has a STRONG balance sheet!
Do you see what we see? Trends are trends... But Flags are Golden.... Now which way?? Revenues up 30% Gross margins at 40% (which is excellent) Operating Expenses DOWN Expanded Partnership with Molson Coors to explore US CBD in CO..... All we can say is that when Revenues go up 30% from Quarter to Quarter... ya that is a positive for this stock!
The GAP has been filled... The Fed has spoken... The more than $80B a month will continue until further notice... So is this $80B good for Bank stocks?? We would say YES!
How would the BANKS react if the Fed institutes yield curve control (YCC)?? Do we see $30 or go back and fill the GAP!
Does anyone see the issue with this? Gap UP TWICE in less than a week.... in a very overbought state can only mean one thing.....right??
What happens when a 200MA crosses a 9,20 and a 50MA? Usually nothing good unless your SHORT!
With the 9, 20 & 50MAs above a key resistance line does that bode well for BAC? We would say yes!
From Light of the 5th Moon..... Earnings around the corner from that! A license to SELL RETAIL from HEALTH CAN! Many many things are coming together 4HEXO it has been a long road, some of the greatest challenges are about to be overcome....
The UDS/CAD has the Canadian Dollar getting stronger, Oil is slowly going where it needs to and the COVID is weak in the Country With the BoC making a statement on Wed it looks like negative interest could be on the books! So which way LOON??
CRON could move lower on a SHORT but by the 5th Moon we will see if the line of resistance can be broken!
It seems a little strange that all of the mainstream MJ stocks have all started back up the ladder as of 13 May 2020....not sure why these are all lined up but I am liking the CALL action!!
Canopy Growth will announce earnings on Friday this week. The market has priced in a good earnings call....but has it priced in a GREAT one......? We shall see..........
We have been watching and trading MJ for a while and HEXO could be setup for a little CALL action.....
Maybe there is nothing to it but you bounce off the 200MA 3 times and your out! Off the cliff you go!