This trade truly is the epitome of risk:reward. If you look at Creso Pharma (CPH) in October-December of 2020, you will note EXL is mirroring similar price action. What this means, is that EXL is literally trading at all-time lows, and this takes into consideration the 2020 Covid Crash. I am currently in this trade with two (2) entries, one at $0.19 and another at...
Swing trade on EXL. Trading close to all-time lows. Fundamentals for 2021 and thereafter looking very bullish. Great risk/reward. Buy and hold.
With US exposure, punters are piling into this one. Like to see a close above 19 today. No doube quite a bit of work to do to move through the overhang at 21. But a good cleanout today already.
Hey Cannabis Investors! I recommended our paid members sell their Aurora Cannabis (NYSE: ACB) and Elixinol Global (OTC: ELLXF) holdings. I am no longer confident in either company’s ability to weather a sustained downturn. Aurora is struggling on all fronts. And Aurora founder Terry Booth recently left under a cloud of controversy (read more about the...
Happy 420! When legal recreational cannabis sales began in Canada on Oct 17, 2018, marijuana companies and investors were brimming with confidence... A large industrialized country had finally legalized marijuana. And with an adult population of nearly 30 million people, Canada would finally show the world just how big and lucrative the recreational marijuana...
After forming a double top at the end of May last year, ASX:EXL has been bled down - dropping 90% (!!) from its all time highs. The bulls stepped in, providing some relief with 4 straight weeks of buying early this year. Can this be sustained? Here's why I'm bullish: Volume: High volume week, pushing the OBV above the 13EMA. "Volume precedes price", aka...
Factors 1. Price has moved out of the LT downtrend (Starting April 19) 2. Price closed the recent gap while slowly building a base. 3. EMA is converging and slowly crossing upwards 4. There is an overhead gap at $2.10 which I would be looking to target. Possible Reasons For Failure 1. No bullish price action/candlestick pattern printed after closing the recent...
Hey Friends! Elixinol Global (OTC: ELLXF) primarily deals in hemp-based dietary supplements and skin care products. It also has a new medical marijuana brand called Nunyara... The company started out as Elixinol Australia. It was a first mover in the cannabis-infused food world and is now a top dog because of it... Hemp Foods Australia is the company’s legacy...
Not my usual stock...but hey....this looks like a good time to buy right?? Weed stocks in a new industry to our land of OZ... :)
cmon dont be a loser #weedstocks
The marijuana sector on the ASX has been showing some volume returning to the market. Time to long some stocks. Purely Technical analysis here.. Fibonacci tool range from the low where volume increased significantly to the high in May. price has pulled back to the 50% range 314MA seems to be showing some support with a few touches on the 4 hourly. awaiting...
worth watching for a low volume pullback into support. leading hemp name listed on the ASX. expect it to re-test its highs within the next weeks/months.
Quick overview on how I use some of the Trading View tools to mark up charts so I can see what I was thinking at the time and why I traded (or didn't) them. Makes it easy when you are flicking through your watch list to see if they meet your criteria to enter or exit a trade. Also good way to keep kind of a training / trading diary so you can see whether you...
$EXL - ELIXINOL GLOBAL - Cannabis company with a decent chart. I've been following EXL for the last week or so after reading an article on them by an analyst who I quite like. ELIXINOL seems to have some good momentum in its business aggressively going after overseas markets. After a bit of a retrace entry conditions look good so have put in a bid. Would have...