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...
Protentional Flag Breakout. resistance sends for a retest. momentum picks up. target of $33 ( weekly resistance) with a slowdown at $30 (phycological and weekly VPVR level).
One of the best choices for long term investment. However, in my opinion, the exchange rate may fall further. Its level can be around 7.68usd. From that level, I expect a long-term rise. The analysis shows that a second fractal is being constructed. The shape of this can be determined by the first fractal. However, its size may be 1: 3. It follows that the...
The ascending triangle is most often a continuation pattern, so we should expect a bullish break to US $260 by the end of the year if the pattern plays out. This is support by Tilray's plans for global expansion and the decision today to legalise recreational use of marijuana in Canada.
Recently the Tilray price has dropped despite a lot of good news for the...
