Last post on MJ Alternative Harvest we started we were opening longs @ $11.90 Currently sitting up 5% We took this position based off the large timeframes, the weekly and 2 week. Now you see a breakout with a settlement back on old Resistance to test as support. Key is to play this as support. If it shifted right and than turned to break support back below...
Will be opening long positions on the cannabis ETF alternative Harvest. (MJ) Weekly is compressing for momentum shift to the buyers. This is a 3day, right on the money crossover. Good risk to reward. I like it.
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...
Good evening Trading viewers, I present to you my second analysis on weed stocks. Is it a voodoo or a complex set of modelers in background or a mystic play of my mind. The infinity governance of time and space has played in part lower single digits. The axiom quantification of price says tlry $50, is it possible?!!! Stop loss 1$. We will see, maybe i am right or...
Trading Edge 2020 Portfolio trade #1 Ticker: MJ Position: - Looking at long dated call options (Jan 15th 2021) - $15 strike (ITM, gives some degree of protection against theta decay) - Cost (approximately $460/ contract, at current mid bid and ask, willing to go as high as $5.00) - 0.72 Delta (ITM) - Running 2x contracts (allows us to sell one on the way...
Dates in the future with the highest probability for price direction reversals
Scouting Potential Inverse H&S. If play doesn't come to me I will not enter any positions.
Next Entry level for Aurora is 1.14, lowest level since Nov 2016
Work out where you want to buy and sell based on the info provided on the chart, make your own financial decisions . This is the treasure map . No X marks the spot however. Hint: Horizontal Lines are strong levels and solid targets. Trend Lines are not as reliable or as solid as Horizontal Lines. ACB Financials are growing exponentially,...
Proposed Entry 0.61 - 0.65 First Target 0.71 (+15.7%) Proposed Stop 0.60 (-6.6%) 2.4 : 1 Reward to Risk Ratio
I have maintained a long thesis on 48North Cannabis Corporation since October 2018, and the trade worked wonderfully into March of last year. However, 48North pulled back alongside the entire cannabis sector, and rightfully so on some of their own missteps. As a brief introduction, I believe 48North's competitive advantage stems from their outdoor grow operation,...
Daily trend change confirmed, with the sudden surge in the MJ sector I will be looking for a weekly trend change and taking entries
Daily Chart is looking like a great long-term buy down here. Watching for a move over the daily 50sma and a continuation higher above $20. It's been a rough ride down since March of 2019, We trended all the way back down to 2017 support on the North American Cannabis Sector shown here -> charts.stocktwits.com I'm anticipating for this to hit $50 in the 5 years ...
Recent significant events: House Passes Bill to Protect Banking for Marijuana Businesses Measure would prevent federal regulators from penalizing institutions that serve companies operating in states where cannabis is legal. // September 25th, 2019 House committee approves landmark bill legalizing marijuana at the federal level ...
Been calling $12.5 for a couple weeks now, and a few things making this setup perfect. 1. It's reaching this level in extreme oversold conditions 2. Overall market on fire at ATH rn. 3. Santi Claus is coming? Looking for a really nice monthly bounce. Below are my targets, and whether or not I take profit at 1 or 2 depends on how we get there. Target 1...
Watch for a break of the downtrend channel. Wait for a bullish breakout on other MJ stocks. Trail stops up after the break. Bullish daily divergence on PPO/RSI.
Just looking through some MJ charts and this one stood out. Of course it depends on what the overall market does, but there are some nice signs here - double bottom, bullish divergence on daily rsi, holding onto a weekly trendline, close to an ADX cross etc. Had a nice green volume spike Friday, and I'd like to see what the retracement looks like. It's risky to...
So guys, two stocks which are connected and both has some kind of inverted hammer adding to this, TULRAY is in a TD 9 buy, could this be a "buy the dip" situation ? Well I'm gonna give a shot, gonna wait monday to see how the weekly close end and evaluate a possible entry with the monthly close.