The potential for huge growth in cannabis companies is obvious. The spike we have seen in the past week has retraced almost all the way back to where it started, this offers a great chance to re-enter longs. The spike may have been caused by the Reddit craze nonsense which explains the big dump as well but this is still a good trade/investment.
I would like to...
I have just closed a very profitable long on the cannabis index. This can only go up in the long run but I had to secure the profits. I am looking for this to retrace to between 0.5 and 0.618 Fibonacci before entering long again. It is very overbought on RSI across all timeframes so a correction needs to happen soon. Long term this will break all time highs (these...
Here is when i told you that is a buying opportunity on Sundial after the retracement:
Sundial Growers engages in the production and distribution of flower, pre-rolls and vapes. It operates through the following segments: Cannabis, Ornamental Flowers, and Corporate.
Zenabis Global Inc. said Friday it has entered a revolving credit agreement with a Canadian...
Aug 13 (Reuters): NET CANNABIS REVENUE FOR Q2 OF 2020 WAS $20.2 MILLION, AN INCREASE OF 44% OVER Q1 OF 2020
Sundial Growers, Inc. engages in the production and distribution of flower, pre-rolls and vapes. It operates through the following segments: Cannabis, Ornamental Flowers, and Corporate.
6/29/2020 BMO Capital Markets Upgrade Underperform ➝ Market...
Went back to the drawing board a bit and I'm gonna call this as the rough CGC peak.
The POC (white line) for the year is too far away, the RSI and VPT as RSI are both screaming sell, the MACD is near highs and seems to be running out of steam, the long sting of positive Volume bars can't maintain without more fuel.
Despite all this I think we'll be lucky just to...
![CGC: [CGC] Peak - Short Term Short Setup.. Hold for Pre-Earnings Buy](https://s3.tradingview.com/d/dPS47htm_mid.png "[CGC] Peak - Short Term Short Setup.. Hold for Pre-Earnings Buy")
