Market Research
https://finance.yahoo.com/news/marijuana-stock-earnings-comprehensive-look-130600359.html?.tsrc=rss
There are a few things I want to focus on from the article above:
Company Revenue Gross Margin Operating Income (Loss) EPS
Canopy Growth (NYSE: CGC ) $62.3 million 22% ($117.9 million) $0.16
Aurora Cannabis (NYSE: ACB ) $40.6 million 52% ($60.1 million) ($0.19)
Tilray (NASDAQ: TLRY ) $15.5 million 20% ($22.9 million) ($0.33)
Cronos Group (NASDAQ: CRON ) $4.2 million 45% ($7.4 million) ($0.05)
CannTrust Holding $12.1 million 35% ($7.5 million) ($0.19)
HEXO $10 million 52% ($5.2 million) ($0.02)
Aphria (NYSE: APHA) $16.2 million 28% ($16.2 million) $0.16
"CannTrust and HEXO both reported a similar operating loss to Cronos Group, but have a much better path to profitability than their larger foe."
The general basis is that pot stocks will be losing money due to negative operating income in 2019, with that said I focused on the lowest of the top producers - TSX:TRST and TSX:HEXO to help establish a position.
Correct me if I am wrong, but I used a 192 Trading Cycle for Law of Vibration to determine the locations of trend resistances and probabilities of reversals. In the chart I have drawn vertical lines to denote the total 192 Day Cycle and its possible reversals at each of the 1/8ths; 24, 48, 96... ect. We can see that a major correction occurred at the 48 Day zone, which lines up beautifully with the gann box . We are approaching the 5/8s zone has a high probability of reversing the current trend. Naturally, the stock wants to move along the 45-degree angle to respect price vs. time equilibrium and we are approaching the positive 45-degree angle where we may just find the support we are looking for.
To get a better understanding of what the move could look like, I drew another Gann Box inside to show the two possible situations in which the stock can move.
I looked towards Fibonacci to see if we can find an area of support and it appears that we have rebounded off the 50% Fib level, which feels like we could be following the green arrow path.
Going to keep a close eye on this one to see what happens once we cross over into the next 24 day period starting April 9th, 2019.
https://finance.yahoo.com/news/marijuana-stock-earnings-comprehensive-look-130600359.html?.tsrc=rss
There are a few things I want to focus on from the article above:
Company Revenue Gross Margin Operating Income (Loss) EPS
Canopy Growth (NYSE: CGC ) $62.3 million 22% ($117.9 million) $0.16
Aurora Cannabis (NYSE: ACB ) $40.6 million 52% ($60.1 million) ($0.19)
Tilray (NASDAQ: TLRY ) $15.5 million 20% ($22.9 million) ($0.33)
Cronos Group (NASDAQ: CRON ) $4.2 million 45% ($7.4 million) ($0.05)
CannTrust Holding $12.1 million 35% ($7.5 million) ($0.19)
HEXO $10 million 52% ($5.2 million) ($0.02)
Aphria (NYSE: APHA) $16.2 million 28% ($16.2 million) $0.16
"CannTrust and HEXO both reported a similar operating loss to Cronos Group, but have a much better path to profitability than their larger foe."
The general basis is that pot stocks will be losing money due to negative operating income in 2019, with that said I focused on the lowest of the top producers - TSX:TRST and TSX:HEXO to help establish a position.
Correct me if I am wrong, but I used a 192 Trading Cycle for Law of Vibration to determine the locations of trend resistances and probabilities of reversals. In the chart I have drawn vertical lines to denote the total 192 Day Cycle and its possible reversals at each of the 1/8ths; 24, 48, 96... ect. We can see that a major correction occurred at the 48 Day zone, which lines up beautifully with the gann box . We are approaching the 5/8s zone has a high probability of reversing the current trend. Naturally, the stock wants to move along the 45-degree angle to respect price vs. time equilibrium and we are approaching the positive 45-degree angle where we may just find the support we are looking for.
To get a better understanding of what the move could look like, I drew another Gann Box inside to show the two possible situations in which the stock can move.
I looked towards Fibonacci to see if we can find an area of support and it appears that we have rebounded off the 50% Fib level, which feels like we could be following the green arrow path.
Going to keep a close eye on this one to see what happens once we cross over into the next 24 day period starting April 9th, 2019.