I do believ the Cannabis Sector will see a rally later on in the year and this appears to be a very nice place to take an entry on this particular stock.
Seeing the growth and innovation that has occurred in recent months shows that the big wave is incoming. This formation clearly refers to pull back and bottom. Even one of the most conservative countries of Europe; Poland has given the Market Authorization to Tilray, Inc. (TLRY). Also, the election vibe has been taking charge of global media, federal legalization...
As shown, wave 2 has now pushed past the 61.8 and now headed towards the 78.6. As we know, wave 2's can retrace up to 100% of wave 1. Best option would be to DCA if you believe in the company. Will continue to track and provide updates. My view is the same as many others, that this sector will push nicely once some good news is published.
Surprisingly still correcting even after hitting the 61.8 for a wave 2. Expect this sector to run hard once sentiment changes. IIPR is another one we are interested in...
wow, hard to believe canopy is getting near my entry point in 2016-2017. This stock has been a rollercoaster since rec legalization in Canada. A Potential trading range is highlighted in green. Any price movement that is sustained below or above the green lines is noteworthy. If WEED doesn't hold the green line of support a gap down to CAD $2.80 is highly...
Price target CAD $4.20 by June 2023. GTII is trading well below the 200DMA, expect a bounce towards the downward sloping resistance of the descending broadening wedge near term and short or sell your swing trade in that area.
HEXO daily bear flag target of $0.40USD has been met using the log scale. I just filled my buy order that I had set at 0.40. We are also daily oversold and SPY hourly RSI is in the low teens. Expecting a big bounce in the broader market after Elon buying Twitter confirmed. Big move incoming for HEXO and MJ in my opinion!
In this for the long haul. This company is executing great things. Cannabis is the future of pharmaceuticals in a big way. When this things gets going it will rock.
Looks bullish and is all set to hit 13. Have a tight SL at 8.
We have Bullish Divergence on the RSI and 2 Instances of Bullish Divergence on the MACD at the PCZ of a Bullish Bat Pattern on the Daily; the Moving Averages are beginning to curl up and the 4 hour is testing sitting at the moving averages at the Neckline of a Double Bottom at the time of posting.
cannabis industry, which is expected to hit $billions in sales. Trends looks to be switching up, Look for the best Cannabis stocks maybe?
This breakout may have some merit to it. Two overhead resistances broke with the second-highest weekly and highest daily volume on record.
The merger between Sundial and Alcanna should occur on or before March 30 following an extension of an earlier agreement. This deal could send SNDL to the $1.70 resistance short term. Looking forward to read your opinion about it.
2 days ago, on 3/2/2022 Raymond James brokerage Set a Price Target of $19.00 for VFF, Village Farms International, giving it a Strong-Buy rating! The chart looks beautiful, VFF is sitting at a strong support, ready to start a reversal. My price target is the 10.50 resistance.
It appears though Tilray, TLRY on NASDAQ is trading in a descending channel. A bounce to the downward sloping resistance of the pattern is expected near term, the company is a pump machine with the PRs, Irwin has his eyes on more than Hexo, so in my opinion, the company will continue M&A, and has the rights to change the terms of agreement with Hexo pending due...
After receiving an extension of 180 calendar days to regain compliance with Nasdaq's minimum $1 bid price requirement, SNDL needs to close at or above US$1.00 per share for a minimum of 10 consecutive trading days before August 8, 2022, which most likely should happen sooner. We are still waiting for the Alcanna deal to be announced. That should be an important...
SNDL Sundial received an extension of 180 calendar days to regain compliance with Nasdaq's minimum $1 bid price requirement. SNDL needs to close at or above US$1.00 per share for a minimum of 10 consecutive trading days before August 8, 2022, which most likely should happen sooner. Let`s just remember how SNDL stock was trading at $3.96 one year ago around the...