$OGI looks to have bottomed after a very strong bounce on Friday. The $2.70 is a very strong support zone and one which investors can buy off of.
Many investors are looking for exposure to the cannabis space and now is a good time to look after the sector has been in a prolonged bear market.
OrganiGram Holdings Inc., through its subsidiaries, produces and sells...
Despite Organigram Holdings Inc continuous 5 month sell-off, the stock has reached a point where there are 3 strong technical factors supporting the idea that a strong bounce may emerge.
1. The price hit the 4.15 1M Support which is holding since December 2018.
2. The price has almost made contact with the 1W MA200.
3. The RSI on the 1W chart is past 30.00, a...
OrganiGram Holdings, Inc. engages in the production and sale of medical marijuana. Its products include strains, cannabis oils, and vaporizrs. The company was founded in 2013 and is headquartered in Moncton, Canada.
SHORT INTEREST
3.06M 08/15/19
P/E Current
35.56
P/E Ratio (with extraordinary items)
27.84
P/E Ratio (without extraordinary items)
38.74
Average...
One of the lowest cost producers of cannabis in this booming sector. Support building which does need to hold. I will start building my position for long term investment in this company from here.
CGC CRON ACB APHA TLRY VFF HEXO TGOD OGI
Clear lines in the sand that bulls must get over to shift momentum on the daily charts. So far only VFF has done so
If these resistances break, zoom out to the weekly charts, we're just looking for weekly lower highs.
$OGI has held the 200DMA as support the last two trading sessions & on July 15th. Hammer candle was put in on 7/29 followed by a bullish engulfing signal today.
OGI current trades at a 10x P/E 2019 revenue and a 3-4x P/E on FY2020 revenue estimates. We see several near-term catalysts for $OGI and feel the stock will benefit immensely once the current industry...
According to my chart, shown here, the OrganiGram stock is holding just between (or round about) the middle of its support and resistance levels, so it's hard to say for sure which way the trend will go in the coming hours. With a RSI in the mid to upper 40s, it doesn't seem as though the stock will be oversold any time soon, making it a sound investment (at...
Hello tradingview family, I just wanted to share my latest idea on OGI, this stock took a beating today but the potential it has is really solid and everyone in the cannabis sector should check this stock as this stock is deeply undervalued. The security zigzags a lot but now that it is in the big board, it will remain a touch competitor as the year goes by.
