Lots of downtrend, lots of uncertainty, but this one could play out to be a major lottery winner. Earnings report recently released was a mixed bag, but it remains the book value is somewhere around $5. Trading well below that. Federal legalization could set off a powder keg but don't count on that anytime soon. My last call didn't work out too hot, but doubling...
WEED chart on the 3D time frame. -Weed looking good here, imo. 3D 13/48 MA cross imminent, but 48MA not yet turning up -Bollinger squeeze in progress, nice channel -Volume increasing These are the technicals I look for. None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis'...
I'm very bullish on this and long in the position. The Reddit WSB are starting to get behind it and I'm seeing more buying on the tape in large volume than selling. Shorts are in a bad place. Could see 20.00, 60.00, 90.00, or 120.00 conservatively due to very small float compared to the floats of GME or AMC. Full disclosure I'm am long this stock and have been...
Big level of interest for Canopy Growth NASDAQ:CGC trying to fill the July 25, 2016 gap from 2.15 to 2.20 —post-bull pennant. Pot stocks have taken a beating since the 2021 highs (pun intended). They're clearly oversold BUT they're sitting without a catalyst from the Biden administration toward marijuana legalization efforts. If you're into dumpster...
long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long long...
Love this here for a longer-term play As mentioned, weed has been off the radar and we have a nice entry here for a swing. LONG LONG LONG AND HOLD THAT SHIT FOR GENNY WEALTH
- Liking this set up. Green box has to hold and push price out. - Blue is a potential way out but as long as the low of that green range holds I think we have a nice base to push to purple high and potentially higher. - Also, the entire weed sector has been SILENT. Not one word. Could be the beginning or something but who knows...
- So we failed that last one, but as I said, I'm willing to give it a few attempts. Nice volume coming in and with price moving higher I'll get much more confident. - It's holding that gap down pretty nice at the moment. Buy now with risk to lows I think is a decent trade, which you can add to with more pullbacks, but I kind of want something tighter a little...
- This sector could not be anymore DEAD. Everyone is dead and never want to look at this sector ever again. When they come back you'll get those mega mega moves that you can sell into and move onto the next. - I haven't heard one sound coming out of this space in months, which is EXACTLY what you want when looking for a possible turnaround. - If green holds...
More downside till mid $5 range before the start of a new uptrend. Double bottom possible post squeeze or straight rip up!
see and watch :) It can be a very good option for Hold ... very undervalued ...
Something I just noticed about MJNA. It's been posting lower highs with OTC:MJNA each consecutive run, but the most recent run last year to .22 was a higher high. I'm thinking this run will go higher than .22 eventually, keeping in mind that it took 3 months from the beginning of the last move until its peak.
I truly believe MSOs will bottom out at some point this year... if not already. Whether by way of a market wide dump during a correction, or by forming the bottom of a cup in an eventual cup and handle formation. I think the MSOs have some real world catalysts in place to start turning positive (SAFE Banking Act, more states legalizing, actual positive net...
Break of 4 month downtrend in a big way. Bipartisan regulations in congress.
Double bottom on the daily. Cannabis regulation in congress.
Fundamentals for weed stocks are not hot. TSX:WEED didn't see strong earnings and can't predict profitability anytime soon. The cannabis market hasn't kept up expectations and we are seeing that reflected in the stocks. With all the bad news there may be some good. It looks like TLRY is bottoming and if it has a clean breakout it could give an opportunity for...
Great financials released this morning had a really positive effect In at 7.18
Recently updated filings in SOS Colorado secretary of state site. Could catch some bids and have a run. Canazall site is active and in business. Lotto play! In at 0005. www.sos.state.co.us