Hello Traders, Welcome back to another chart, Today’s chart will be on the MJ sector – CRON Points to consider, - Price is trending bullish up retest of trend line - Local resistance a .618 Fibonacci Line - RSI coming into apex - Stochs testing resistance - EMA’s giving price resistance at current given time - Volume is well below average - VPVR, showing...
It's possible the bottom is in for CGC, although I'm not certain. It still "feels" a bit shallow to me, but there's no denying we have a nice little rally. I wish the volume was more pronounced, so it makes me hesitant to say the "bottoms in". I do think it's a buy at 27 or under as the daily momentum should push it to the trendline at 31 within a few weeks...
I think we get a oversold bounce to $26.00 area... nice candle put in yesterday on decent volume... $23 bottom?... Cannabis 2.0 on the horizon... whether this is the bottom or not, the downside risk across the board is minimal IMO... Some of the mid-tier names have already stated to move on volume... Buy $23.75 - Sell 26.00...Stop... $22.00 A move up to the...
There is a critical support range from $20-25 Risk-Reward-Ratio above > 5:1 . Analyst note: Shares now trade nearly 50% below our fair value estimate, as the lack of profitability continues to weigh on the market price. However, we think focusing on profitability this early in the company’s and industry’s evolution is misguided.
1. RSI looks good 2. Trendline looks good 3. Look to touch 61% Fib retracement 4. Look for cross of MACd
Watching $MJ next week and some of the pot stocks, my favorites - CGC and ACB, hoping to see a strong move up. Just a gut feeling but GLTA.
JWCA:TSXV - James E Wagner Cultivation: trying to curl while general sector is weak, aside from the brief pop two Fridays ago this has built a decent base in the last three weeks in the high 70c to low 80c range. 81c is currently the biggest psychological resistance as we haven't had any ability to hold gains above it, 81c will also represent the middle BB line....
Hello dear Cannabis/MJ-Sector friends. I just wanna make you aware of the crazy similarities between TLRY & EOS from the crypto world: On the last run up, EOS 5xed and Tilray 10xed Up until the Weekly Triangle equilibrium, both had corrected 73% from their tops which is almost scary Before the break of the EQ in EOS, I had looked at potential previous S/R...
either way long practice
practice either way, long on it
$7.20 by end of day tomorrow (Thursday, April 25th)
$CHOOF - $ACB has a large stake, MJ play for April before the 4/20 Low float runner could go ballistic to dollars, slingshot daily is now in a confirmed uptrend. Golden cross is imminent.