Looking at major s&r levels on general cannabis Corp otc pennystock.
I will throw a couple of shares in the portfolio on a potential support play. Just a buy and hold small diversification and I'll forget about it. If respects levels we could probably get a pop up towards $1 - $1.25
My indicators are not providing a buy signal, just a potential support...
General Cannabis Corp. is a holding company, which is engaged in the provision of lease growing space and related facilities to licensed marijuana business operators. It operates through the following segments: Security, Operations, Consumer Goods, and Investments. The Security segment provides advanced security, including on-site professionals, video surveillance...
Hey guys,
It's been a while since my last post. CANN is having a hard time breaking this top trend line, but it is also having a hard time breaking through the floor of the bottom trend line. I would place a trade on this soon, or you could wait until we either A.) Breakout from the top line, or B.) Bounce off the bottom trend line with support. If we break...
-------TARGET PRICE $1.70 40% UPSIDE POTENTIAL--------
DESPITE 25% GAIN TODAY, THE STOCK CAN GO MUCH HIGHER IF IT CAN BREAK THE 100MA, NEXT STOP IS THE 200MA.
SET ALERTS FOR PRICE RISE ABOVE $1.23.
INDICATORS CONFIRM BULLISH STANCE.
Hi guys,
CANN is looking like a nice buy. It is obviously volatile, and I would use proper risk management if you are going to long this stock. We had a successful bull flag pop and are waiting for this bull pennant to pop out. When it does pop, it will most likely shoot up quickly. Keep an eye on CANN. Happy trading!
Weed stock are on a roll right now. CANN and CBDS have always followed each other. Big volume spike, and with TLRY and all the big names in the marijuana sector on fire, speculative fervor will transition into the smaller names. For the most part, though, I like this as a sympathy play off today's CBDS move
Today Cann got back over the 50 day SMA. I got the stop loss near $3 and sell target $7.50-$9.50. November should also have a very large wave, so keep your eyes open. Overall we're in an uptrend for 3 months. Beyond that January gets a pop and April. MJ has developed seasonal runs.
First day of legal sales in Canada is Oct 17 (AFAIK) so comparing to the first day of legal sales in Colordo (1 Jan 2014) is a good idea.
Green line here shows the week of legal sales. Price ran up into it (similar to the action we're seeing in CANNMJ now ) and it didn't stop once sales started.
This is for all the bears in the Canadian MJ space. Watch...
Hi guys,
CANN broke out and it looks like we have some major upside potential. The only thing I am not liking is the RSI being oversold on the 4 hour. We might see some short term pull back. Other than that, profit targets are laid out. Happy trading mates!
- Matt
With General Cannabis Corp. (OTC: CANN), you are investing in the end of marijuana prohibition with a company that quite literally does it all.
This Denver-based firm is like a weed mutual fund.
It offers real estate and consulting services, dispensary security, and financing for cannabis companies. It also supports cannabis companies with brand development,...
I think Cann will dip further nearing $2.30 then bounce. It should build power then spring near July 1st. I'd total target $18. Things can get weird in the OTCworld, so if it doesn't move well near July 1st get out.
Keep this and other MJ stocks on your radar for now.
Perfect n°6 pattern. This stock is up beacause the marijuana sector is getting hotter again since its going to be legalized in canada and maybe even in usa but this will affect the stock price in future: as for now the psychology and the patterns beat the news/rumor (maybe we'll have a V price ation similar to that we had at the end of december and at beginning of...
