Tomorrow, HEXO enters day 5 of the right range from 8.12 support and 8.63 resistance. Breaking this bearish will have us test supports of 7.71, daily MA20 and 6.76. Breaking bullish will have us test 9.09 all time high, and potentially break that. Volume on the break will be my key indication of power and momentum.
ACB had a big gap up on earnings this morning and saw a continued run into their conference call, however when the call failed to deliver a news catalyst investors started to take profit, breaking the low of the day and dropping to test former key resistance $12.56 as support. This bearish candle suggests further downside tomorrow, and I'll be watching two key...
My short term outlook for Canopy Growth Corporation (TSX:WEED). I believe we are in the midst of a small correction. I see the price bottoming out around the vicinity of $50 before we see a return to the higher upside trend. Going to continue to monitor and purchase shares at the bottom if my analysis holds true.
Watch for a special news announcement this week. Strong Buy recommendation at current price levels. I believe this will be the anticipated deal those owning Aphria are looking forward too.
A variation of the dragon fly doji has formed. Since this doji is formed after a multi week sell off it could point to a reversal. Also look at the increased amount of volume on the doji. So here we have an indication that the week started with a strong sell off however the bulls fought back and pushed the price back to 0.02CAD above the doji's open. RSI has...
Hey guys, I am just following up with chart for my ACB analysis. We have been very bullish. With the q4 financial report out, it was mentioned that ACB had a high revenue return. With that said, we look again at the same chart that I posted weeks ago. My analysis remains the same. The last 3 daily candles are confirming candles that is above the 12.25 CAD...
Friday Sept 21 stock was halted as they got the first ever sales only license. This company is going to be the Amazon of POT. On monday the stock will unhalt. If you daytrade you should watch this. If you invest you should buy on Monday
MRE.TO is poised to go substantially higher as early as first thing tomorrow morning. Charts are showing a bullish break to 15% level as early as tomorrow. Ascending triangle with strong volume and increased price targets are all contributing to higher highs and higher lows. News of Nafta agreement will certainly push the stock back to the 17.00$ level as...
So that was lucky.. hopefully it pans out!
Centric Health is up today over 30% on volume almost 10 times greater than average. This stock is a top pick for a well known fund manager: www.bnnbloomberg.ca This stock has a BUY consensus analyst rating with a price target of 65 cents: quotes.wsj.com Happy profits everyone!