$GRWG Has had positive earnings and after holding the 200 EMA (orange line/Support) has bounced and broken downtrend. This candle held the break in downtrend, but I expect Monday we will potentially retest its resistance around 43.50 Positive Earnings from companies like $CGC and $HEXO in the coming weeks could help push cannabis sentiment, but GRWG does run by...
Short term trade to ATH falling wedge!! Push Play -- Join the STP community!! Link in description!
CGC is at 200 day EMA. If it breaks below, it could see $24. I don't have much faith in dems right now to push reform so this rally could turn ugly very quick
CGC - Long Term Short CGC Daily: - Cup n handle failed, handle should not retrace further than 50% of bottom of cup. - double bottom with 2nd touch trending lower makes a double bottom with less integrity. - RSI trending lower. - possibly will continue further to the .618 Fib, but most likely lower. - playing the bounce back up to $31, - looking to enter short...
If the 100DMA breaks, it's all over. We're at critical support, and it has to hold, else the 200DMA comes into play at 9.10. If we see a notable bounce off broader earnings strength this week (positive ETF flows), we could be in for a profitable bounce of 10-15%...
CGC - LONG - Looking for a bounce back up to the upper trend line ($31) - Double Bottom - RSI Trending Up - Stop loss: $28.90 - Profit Target: $31 - Entered long @28.80 - FYI, this stock is BEARISH long term, this trade should only be held if it can break 29.43 Monday morning.
Clean chart but patience is required. Can we see the green boom here soon? A break over trend line and I am in.
EDEN or EDEN.CN on the CSE (Canadian Stock Exchange) is a new recently listed cannabis stock that is a chain of dispensaries across the U.S and Canada. They also have growing facilities, cannabis cultivation and extraction facilities. They are going to have continued expansion, and have an outlook of $1.00 by the end of the year!
I have wait admittedly in pain watching hyfm IPO skyrocket. This morning started a big long. Happy to add each, and any further dip, don't bother commenting shorts. GL all....not much will be needed in three years! Vertical growing and hydroponics will change the world for the better beyond canny flower!
Strong trend line - Gotta break down these resistance walls. Hammer candle to a nice reversal. Volume accumulation. This is not financial advice.
If this gets rejected here again, look for a retest of $29 or $27
Not entire sure how to count that drop yet, but with the hourly price moving above MA8, 21 and 50, we are likely looking at the start of a new hourly uptrend. Time will reveal if this is a B wave or the start of a new motive sequence...
Interesting to see a confluence zone for INT3 through extension of Minor 1 & 2 and Primary 1 & 2. Just targets calculated, not the time aspect. Given momentum and catalysts for the industry, it would be reasonable to assume that the top is not yet in for 2021.
Took me all weekend, but I am confident that this has rooting in reality. INT1 complete, currently expecting INT2 sharp, but could expand. What a monster to decipher!
Friday's price action made me take a detailed look at the internals. I've gone over every single minute of this one, and can only propose two 3 wave moves at primary degree where the recent correction entered into (1). I am confused. Anomaly? 3-3-3 against the trend? Macro trend still down? March to June 2020 is a 3 wave move. I've seen people assume this to...