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.
Most canadain MJ's are showing bull divergences on the weekly charts again. News coming? NYC finally opens pot shops? - damn are they slow to the pot market..... CGC is testing it's ultra lows where it meandered for a few years. Doesn't mean it can't go lower, it certainly can. Between here and 2 dollars I think could be an excellent accumulation area. Be...
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...
Catching the bottom of the cannabis market. I'm not exactly sure when it will start moving but once it starts, it should reach $20 in no time. Look out for federal legalization for the kicker.
Sorry I've been away for a while. Back to the charts. CGC is showing seller exhaustion on the Daily on the MACD, indicating either potential trend reversal or at least a relief rally. It's also down so much that there is ridiculous upside and comparatively smaller downside. I may turn this into a position trade if the market dictates it, but my expectation is a...
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Today team purchased shares of marijuana company Tilray Brands $TLRY at...
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management Recap: The market has been in loading zone the past couple of weeks. My team...
Hey the cannabis sector has underperformed the stock market indexes in 2021, this will run in 2022, stay updated in January for monthly momentum inflections. CGC has a 6-7x potential from here. This should be the first big sector swing followed by airlines and renewable energy in 2022.
DKNG has still finished carving out a wave b, now forming a double top with a daily engulfing pattern. Probably because of news of new investment from ARK. The Elliott wave is still clear and we're targeting under $27 before resuming the main trend. We could go as low as the $16 area. Also, not pictured on this chart is RSI divergence confirming the 5th wave top....
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: On October 21, 2021 My team entered $TLRY at $11.56 per share. We...
We also still have the Republican legislation bill that is still in motion, initial reports of this bill were on the 15th, but no news yet on when they expect to vote on this bill. finance.yahoo.com Today, noticed a 12 Put sizzle index compared to just 1.7 on Calls.. we expect to see a move down to the green buy region. When CGC announces new CEO and key...
CGC at strong support longed a good amount. CGC strong support zone 12-13$ expecting a target of $16-$20
Hey looks like CGC, TLRY, ACB and the WEED etf's are starting their general cannabis run. Canopy has come down to it's lows and might be looking to takeoff here, rsi weekly is starting to inflect and macd is crossing over this could run for a long time several months possibly back to 50$ area. Lower time frames are overbought so might see some red to start the...
CGC and other marijuana stocks have been smoked for the last 10 months straight. This may be a good entry to dollar cost average (DCA) for at the very least a 100% bounce or a 600% return back to all time highs. It has been trading within a triangle and could find support at current prices but may also go lower to $5-8. I have 2 scenarios on this chart that i...
CGC being held down for a long time. The pattern is likely to repeat itself. Potentially nice opportunity.
Marijuana stocks have been on the decline for a while, but things may soon start turning around. Last month, the House Judiciary Committee advanced HR 3617 or (MORE) Act of 2021, a bill that repeals the long-standing federal prohibition of marijuana by removing it from the Controlled Substances Act — thereby ending the existing state/federal conflict in cannabis...
Holy FS.. MACD looks like the SpaceX Falcon Heavy about to launch.. Just need the politicians to push the button.. Buckle up buttercup