Potential bounce play here between two major areas on the chart. Double bottom right at this level of support, waiting on further confirmation to enter and play this back up to resistance. I will be waiting for a break from that trendline, a break above the 8ma and 20ma to show clear reversal before entering. Let the trade come to you!
Support found at 61.8% retracement, and 21 EMA, and trend line, Support zone between 23.50 and 27.50 Rationally, I would expect at least a flash down to the low twenties. Merger talks, WSB, stimmies add to the bull case
Let's see if my crystal ball works.
Plenty of support zones from fibonacci levels, trend lines, and previous resistance. I'm expecting pot stocks to generally remain bullish for 2021, just look for healthy corrections from time to time like I've illustrated here. $8.50 might trigger a lot of stop losses so keep an eye out if we get to those levels.
URBAN-GRO I think this might be a big one folks... Excited to be first post on this ticker since it recently got listed on NASDAQ. It seems like it could pay off short term but def a LONG hold here. I believe if you have any pot stocks in your portfolio this would definitely be a good addition. (i.e:CRCLBF/UGRO/SMG/SNDL/CGC) *Please like if you find this post...
TLRY is forming a bullish descending wedge under yearly resistance, majorly bullish. Entry based on hourly resistance.
This drug company could ride the pot wave on a mushroom cap. Just a hunch No hard numbers The mental metrics just line up for me. What was once illegal and destructive is now legal and restorative. Shocking! And NOT investment advice - just an observation.
SSPK had a massive spike today, a nice confirmation of my bias. We just voted on extending the life of the company to complete a merger, personally I voted for, Weedmaps is an excellent company with a delivery interface as well as Saas side, I believe it has massive room to grow as its one of a kind and established in the space. Looking to size in on the next dip...
This may be a tad late, but AQB looks good. I would have bought 3 days ago at the buy signal. Might be another chance to get in here.
MMNFF looks good to me, I bought it in November. It is starting to break from a long base. It moved above the 200sma and retested. I expect higher prices. Earnings is behind, volume is picking up, the price is above all the supporting averages, MACD above the zero line. What's not to like?
MEDMEN (MMNFF) MMNFF: Beaten down since inception right? We know this. What we also know: If legalization opens up across more states through 2021 then this could be a CBD retail Goliath in a few years time. .10- .19 seems like good entry position near term. Will most likely purchase a small position and update throughout time.
In March we were trading below $2 guys. What did I miss?
MJ looking like a bottom and may want to get higher? Not sure, may want to consolidate a bit before breaking.. Who knows, either way it looks like a bottom may be formed.
PotCoin (POBTC) is trying to breakout of a descending channel after printing a strong bullish candle, with the highest volume since August while challenging EMA50. Closing above EMA50 would signal great strength. A very strong RSI supports additional bullish action. POTBTC has been retracing since February, so imagine how big can be the next bullish wave. On a...
I love this stock so much and I took the trade at 11. Looking at them now they are primed to beat earnings with expansions happening nationwide following states legalization . Because they are a regular company, then are not effected by the lack of legalization because they've grown into what is given and can only benefit from legalization. They did well on...
anyone looking at cannabis stocks might be eyeing up this x7 long, reasons below: - monthly macd curling up - price breaking long term downtrend - obv looking to breakout, retest of blue dotted required to confirm - good volume on this recent green candle with world adoption this could be the quick rich scheme most are after
With Biden as President Expect all Pot Stocks to start running exceedingly hard into February or April. The great pot stock rush of 2021 is Upon us. P.S: I am a Trump Supporter and I approve this message. Money is Money!!!