Dear Traders, This TA is strictly meant for swing traders. Looking at the weekly chart of ACB, we can see that the bears are in control. Price action is very close to a critical point in my opinion. If the bulls fail to support at the 100 moving average located at 5.22$, we could see a drop to the next support located at 4.07$, and if that one doesn't hold,...
Dear Traders, Let's have a look at TGOD. Price dropped like a dead mouse before, but TGOD did create a nice bounce which I predicted in my previous TGOD TA. Now the question is will it create another run, or will it drop to a lower low. Looking at the chart and the indicators there is more reason for it to drop then to break out if i'm being really honest here....
I have no interest in ACB this week but here are the levels
Dear Traders, As we can see on the chart, Organigram's Bears were in control. Bulls did form some kind of Buy Area, located around 5.18C$, the 200 moving average indicator. A comeback into the buy zone wouldn't shock me, just to shake out those last bear hands, and to head up higher? Or will the bulls fail to take control and the price will drop under...
Dear Traders, Medipharm is looking like some sweet honey on a goat cheese cracker! They announced some pretty nice things this month, they obtained their License and the day after they announce a Partnership with Supreme Cannabis! They will make sure Medipharm is equipped with the best High Grade Cannabis you can get to let medipharm create High Grade CBD Oils...
Dear Traders, ACB has been showing ups and downs the last couple of days. Earnings showed growth but a lot of investors were skeptical and that was seen in the price action. First I'd like to start about the vol indicator on this Chart. It shows a potential Curve, which would mean that we in exactly at the lowest point of the curve, low volume, not a lot of...
Big move today following a tweet buy President Trump that he has accepted the resignation of Attorney General Jeff Sessions twitter.com This came after a clear hourly bear break across the sector singling some daily consolidation was coming, but this breaking news clearly sidetracked that plan and delayed consolidation for at least a little while. I am closely...
Fundamentals are solid for Supreme, very bright future imo. Long term uptrend in tact. Daily technical's appear to be resetting. See chart technical analysis for details. GLTA
The oversold bounce is starting to feel toppy with a bearish reversal candle on the daily and declining volume. The high of the day rejected from the 100MA and we're in an hourly equilibrium now to determine if we're going to see bounce continuation or set a higher low on the daily chart. I would also look towards Canopy for clues on how the sector leader...
Dear Traders, ACB took a huge hit, but i'm happy that thanks to my previous TA I expected a big drop. I saw a Bearish Divergence and I stayed far away from ACB, WEED, TGOD and APH. But i decided to have a look because a reversal in imminent at this price. On the 1hr chart I see a Kangaroo Tail which is a bullish pattern, and I also see that my histogram is...
Quick updates tonight. ACB had a big gap down and giant bounce in the first 30 minutes of trading, and remained in an hourly equilibrium for the remainder of the day. Bulls made an attempt at a new high of day in late afternoon but came 4c shy of resistance. The end of the day saw SPY with big bull move finishing up near the high of the day on the strength of...
Dear Traders, Looking at TGOD, which got a huge hit. it went down from 10.24C$ to under 4C$. A reversal should come at one point and I think that this might just be that point. I see a bullish divergence on my 1hr chart, with a lower low price wise, but a higher high in my RSI. And my MACD Histogram shows me that the bulls are taking back control slowly. Keep...
ACB continued its recent pattern of lower lows, dumping the whole day and closing down over 16% in one of the most stand-out bearish days this sector has seen. There is no doubt in my mind this weakness is in large part to the overall stock market dumping for the past four weeks, so be sure to keep an eye on the correlation to SPY. We've now given back 80% of...
Aurora has a much weaker setup, and looks clearest to me on the hourly chart. Unlike Canopy, Aurora has broken down to lower lows although bulls are still buying the dip so far. Friday closed with weakness heading back down towards the end of the day. We remain in a clear hourly downtrend with lower highs of resistance on each little bounce. The bear breaks on...
Dear Traders, ACB had another run yesterday at the opening but as predicted a huge sell off happened. I hope you followed my advice to not enter any trades yesterday. We can see that ACB shows us a Bearish Divergence on the weekly chart. We got higher highs, but the RSI peaks showed us lower highs. Bulls are exhausted and we are now entering a consolidation...
Dear Traders, Bears were in control for a while but not anymore. Bulls managed to push this baby quite a bit and now it's time to see how powerful those bulls are. Is this stock going to pierce through the 200 ema ? RSI is overbought but this is normal which such a run, daily RSI looks sweet. Let's keep an eye on this one. If the bulls manage to break the 200...
Dear Traders, As we've seen before, my Support line didn't hold and TGOD's price broke underneath it creating a newer low. Even with the great news, TGOD received the 16th of October, the bears are still in control, But for how long? The bulls have to pierce upwards from this channel in order to show that they are back in business. Until then, TGOD's price will...
Investors in the cannabis space have thus far focused primarily on the growers of the product. We first recommended Canadian greenhouse growers in 2016, added in 2017 and added again in early 2018. It has been a very profitable ride and I believe there is more upside ahead for cannabis growers over the next 12 months. But they will eventually face margin...