As proposed earlier, we got the anticipated retest of downtrend. Meeting MA100 at the same time. Levels on watch.
PH (power hour). Just wanted a quick headline with the view.
trendline breakout cgc in correction i see it going close to $40
Overvalued as can be, but brilliant marketing will always pump this one with the broader industry. I was looking for a pull back to go long, as I didn't have a position from before, apart from some gains from individual trades. I bought into weakness today, lets see what she can do for me.
Like that it held the Trap hoping to see it hold into uptrend...
Wonderful retest at panic selling yesterday. Found demand exactly at the diagonal. That said, who remembers my bearish stance on $CGC, just 6 months ago, I predicted that we should wait for $CGC to dilute their float to raise cash. Yesterday announced issues of common shares to raise $2B. How will investors react? Their market cap is ridiculous, don't think they...
My observation of $cgc All the news of pot stocks is only good news for who ever comes out with the next approved medical use. It's great news but companies are not close to getting fda approved let's say this month so that is why I'm calling short. I bought 3/05/21 43 puts And bought 2/12/21 43 puts If it does breakout tomorrow I will sell all. Futures are...
The entire corporate cannibus industry has really crapped the bed, along with most other sectors, over the last two-wks. Those with long puts could have already successfully taken profit, as it could find support at the bottom of the highlighted (maroon) target range. Those with puts should be plenty green, but there likely will be some support near the bottom...
Just something I remembered from a few years back. Love that tradingview play button, so figured I'd post the look just to see what will happen. Noticed it was moving. Back in 2018, for awhile it was the darling of speculatives in the weed stock sector, rising from sub $1.00 to $15.00. That was back when TLRY blew up the stock market. They recently entered...
Broke out from a large base, should still have some juice in it. Target around $75.
Cannabis feels so meta sometimes. TLRY leads a 10x market run and then collapses to the worst performing Cannabis company in 2021 lol. Man APHA definitely getting the short end of the stick here haha but they'll all make plenty of money slangin drugs together. Wish I had done a mashup like this a long time ago, lots of fun data. Here's how I've been betting...
We are still in an uptrend. However, if we fall below the first support line then we could see it fall to $37.35 then bounce off the strong trend line for another try up. Plan A: I chose to use a Pennant style pattern here(Cyan Color) So if the stock moves above the top of the pennant then we should see a breakout. The top of the channel is $48.00 so it is...
making sure to examine the facts of price from all dimensions.
Buy the dip. Just wait for that buy signal to fire and go long. Additional confirmation is the macd cross while stock stays above 200ema. Cheers! Grow! “In forest ecology, canopy also refers to the upper layer or habitat zone, formed by mature tree crowns.”