In my opinion SMG is under the radar and an extremely strong buy for the longer term. The new stay-at-home economy and the rise of marijuana industry are big bullish tailwinds for SMG. And just look at that chart - up and to the right! Hoping the weakness in the short term continues so I can enter a position. Buy Targets: Average in at $115 (lighter) Establish...
It is unconfirmed double bottom and there is a positive divergence on rsi. Needs to break $136.06 to confirm the pattern 12 months Consensus Price Target: $124.8 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
$SMG showing a clear bearflag on the hourly chart + bearish TRIX cross as well, might be a good short soon, not right this second, but very soon
Another example, cci89 had the negative divergence, not many traders take time to follow energy. Hope it comes in useful for yas.
Just thought I would publish an idea. Let me know your thoughts.
What the motherfucking shit is this $SMG company?! SAME PARABOLA DIFFERENT NAME -- market is heading for a meltdown
** Comments and Likes are appreciated; New Subscribers are Miracles! ** What I see... + A relative strong performer throughout the past few months. A very few that managed to keep the 50MA above 200MA@ + Bullish Engulf candle with Low supported by the rising 10MA and very high vol. + MACD is positive and rising + RSI is also very (too) bullish + Prices reaching...
It break out the pivot resistance. The volume and RSI are still weak. Possible pull back to $116.76 Price ++ Volume -- RSI -
Some quick commentary on which Marijuana stocks I am bullish on and which ones I am avoiding.
Want a MJ play that's not a MJ direct stock. Buy SMG here, low risk. set your stop at $102. I don't have a buy signal yet, just betting on past performance. + dividends
======UPSIDE TARGET $140====== MASSIVE BREAKOUT IN PLAY, SLIGHT BACKTEST POSSIBLE. LONG AND STRONG.
Taking a short position around 104 , then just waiting for earnings.
We are closing out our 90/95 bull call spread, earning a debit of 4.99 by selling the 90 Cs and buying back the 95 Cs. We have made a profit of 49.7/contract, with a maximum potential profit of 50. The potential possible gains of holding the position are nearly negligible, so we are taking the successful trade and closing it out now, to best preserve strong...