OGI following our pattern nicely after dropping to our BUY ZONE, with a gap up a pointing to above 7 in this wave i of 3. Levels to look for are the gap close at 3.25, invalidation of the pattern at 2.38 and above we would like for a break of the previous high of 6.45 before going above 7. #Potstocks tend to jump higher, so beware of gaps up and rocket moves. ...
BAT invested directly in OGI. I sold the $2.50 cash secured 2023 Leap puts.
With the cash infusion from the direct sale of stock to BAT there is minimal risk that the stock trades sub 85 cents.
Eight five cents would be the cost per share minus the put premium collected. and a secondary inveetment of the collected premium into GGN and BPT. As usual this is a...
This will be an interesting one to watch...
we have a gap that could be filled soon...
All gaps arent always filled...
how will the stim economy +
deals with this ?
Organigram Holding announced this past Thursday they received a $175.7 million investment from a unit of British American Tobacco.
breakout = $5.21
R3 = $4.88
R2 = $4.48
R1 = $4.09
pivot = $3.72
S1 = $3.36
S2 = $2.99
S3 = $2.59
breakdown = $2.26
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being...
Contextual immersion trading strategy idea.
Organigram Holdings Inc., through its subsidiaries, produces and sells cannabis and cannabis-derived products in Canada.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $4,44;
stop-loss...
Bullish Flag, confirmed (154%)
Pros:
Volume during post
Descending volume during flag
Volume during break out
Golden cross in blue
PPS above 50MA and 200MA
RS above 0 and ascending
R/R ratio above 8
ATR ascending
250RSI above 50
200MA ascending, barely
Target:
PT = 10.28$
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Thank you to those who have donated...
Definitely on the long side with Cannabis stock OGI with a nice catalyst as tobacco giant takes 20% stake. Looking nice in the technical aspect of this as you can see, low volume on red days with PSAR dot shows sellers has dried up plus huge buyers with green volume.
I recently quit... Trying to decide which POT or WEED stock to buy.
Because I found THIS, OGI ( ORGANIGRAM HOLDINGS INC )
This one I believe is the Schiznitz~
NASDAQ:OGI
Possible Scenario: SHORT
Evidence: Price Action, Bearish candlestick, Parabolic SAR SELL signal
TP1 ~2.5$ ,
I'll buy PUTS for 17 July, Strike 2.5$,
This is my idea and could be wrong 100%
OGI, another cannabis stock that we have been following enters our BUY ZONE today, and quickly turns. This hit our 50% retrace level from the move up. If this level holds, projects to 7.72 for the next move up.
Bullish Pennant
Pros:
Descending volume during formation
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 10
250RSI above 50
Cons:
200MA flat
Target:
PT = 9.30$
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