Possible entry level $.263
Target Price $.33 within golden pocket
Stop loss $.25 Below .236 fib
Company profile
American Cannabis Co., Inc. engages in the provision of consultancy services to licensed operators and applicants for state offered cannabis licenses, which engages in the medical and recreational cannabis business. The company was founded by Corey...
The sector is waking up after a long period of correction.
I like the setup for this stock, for me the correction has ended and I believe that we are entering in a very interesting period.
I also follow some other names of the sector for which I will post analysis later on.
By both methods the same gain is observed if the operation is mounted in short:
1) the size of the base of the triangle is the gain from the sail that breaks the lower line.
2) by extending a line parallel to the line that is in favor of the trend, in this case it is the upper line and just crosses the vertical line of the movement of the trend starting from the...
Major support @ .83
Buy @.83 and hold until 1.12 for a +30% gain or risk +40% loss through bearish breakthrough?
I believe we will break through our target price of 1.12 and reach the most recent ATH within the next few months.
Expecting a US Cannabis stock rally after heavy selling.
AMMJ takes ownership stakes as part of their fee in their
consulting clients projects. The stock has broken it's current downtrend
and looks to turn up from here.
FIRST OF ALL IM LONG IN THIS STOCK 3YRS . FREIND SAW SOMTHING IN IT . I SEE TIME . AND PATTERNS
SECOND DONT HAVE ANY IDEA WHAT THIS COMPANY SALE OR IF IT HAS GOOD OR BAD NEWS COMING.
NOW THAT OUT OF THE WAY THE LONG TERM TECHNICALS TELL ME THIS STOCK IS ABOUT TO MOVE VERY FAST IN ONE WAY OR THE OTHER.
IT'S MY OPINION IT WILL IN FACT MOVE TO $2.07 IF IT STAYS...
Pure Speculation, without any underlying basis for price, is a pure expression of human emotion. Therefore, Fibonacci, in my opinion, is reliable, because human emotion is an expression of the universe, and Fibonacci is ubiquitous in our universe, seen in everything
This is shown with AMMJ, one of the most traded marijuana stocks during the California election run up
The price is currently approaching the .786 Fib level in a corrective move.
Wait for the corrective zone to be completed, then watch for buy or sell set-ups depending on whether the price breaks through or bounces off the .786 Fib level.
