The Searching of a PotStockBottom II NASDAQ YEWNO NORTH AMERICA CANNABIS ECONOMY INDEX NASDAQ:NQNACE RENKO PriceLine Chart RSI RSI + MFI
Looking at a potential low risk high reward play here. Although i pointed out the previous bull run above, I don't expect anything close to that happening at all. We are currently under a death cross and earnings are coming up, note it usually dumps at earnings after all-time-highs. This is a company I am looking at long-term though so I will buy small at this...
Symbol: MJ The cannabis sector. The holy grail of money to be flooded to. These cannabis prices are insane. I've been wanting to buy into this ETF but clearly this has not been a good sign in a while. When market corrects I think the cannabis sector will take off running. Will keep watching to see if it wants to correct lower. Obviously I'm on the weekly so I'm...
It appears as though the 200 Day MA is acting as the floor of the descending triangle or bullish flag.
Recent uplising news coupled with solid earnings and upgrades should take this back up to the high end of the range... $4.40 in sight... next target $5.00... look for friction @ 50MA 4.11 @ 100MA 4.45... Stop@ $3.60... sell 1/2 @4.80 then watch for direction... All IMO... $GRWG
It looks like Tinley is trading in another descending triangle. Maybe a bull flag as well, but the no news trend is likely to lead to the descending triangle playing out first. Time will tell per usual.
. . . the Beginning of "The Searching of a NQNACE PotStocksBottom" . . .
RSI is trading in what seems like a ascending triangle as well. Interesting.
Is Curaleaf going to shake off the FUD from the FDA & continue crush the U.S market. I think so, although they may have stepped over some boundaries with promotion / labeling & making claims on some of their cbd products, it doesn't change the position they have in the U.S with distribution. It looks like CURA may have found a double bottom? Time will tell per usual.
Looking at Tilray with the MACD and Megalodon indicators, we can see a buy signal on the daily for Tilray. Something that we've seen only twice before, both times being the start of significant rise. The Daily MACD doesn't have as much room to turn as did previous signals, however it does look a lot sturdier and supportive. As of right now though, we cannot...
HMLSF has been in intermediate downtrend since Oct 2018 and is nearing very strong support zone. This Marijuana ETF boasts a 4.6% div yield w/ $800M AUM. This might just be one of your best bets for playing the industry "Safely" if you're looking for exposure to the industry.
Or, is more pain ahead for TGOD in what appears to be another descending triangle! TGOD is down roughly 60% from its ATH's. TGOD is down -52% in the past year. TGOD +32% YTD All Time Performance for TGOD -42.33% Price target of 35c! Time will tell per usual
And I don't think that dead cat bounce will hold if retested as a bottom. Nom Nom Nom..... Now we know why the last 3 Auditors left the company & they failed to report financials, they were ugly! On Friday, May 31, a solid two months later than initially required, they reported a sh!t show. Then the stock tanked 18% to trade 80% lower than the 52-week highs...