OGI got an upgrade from hold to buy and with it a target of 5.25 or more than double current
valuation. The ballot iniative in Florida and legalization in Gremany are recent news. VP Harris
seeks to make legalization an lection issue this fall while pushing for a DEA reboot on the whole
cleassification of MJ. Prospects for growth seem more clear for OGI . I...
OGI has completed another trend up from the federal news about a push for legalization
of marijuana as a handout from incumbents seeking another term. My recent idea on OGI
as to demonstrate its suitability for high return short duration swing trades to add compounding
into the profit and returns. The increased volatility due to the federal news only adds...
So funny and amazing, when you had prepared a long-term vision for a company just 2 days ago, but did not published for a while, and purely by chance get notices, that this company has grown today for almost 250% in some hours.
So, nevertheless, this only confirmed, that signals, which were seen are correct and I still can publish my forecast for almost 10...
OGI is a highly volatile penny stock in the marijuana subsector. It is too cheap to short It does
have options. ( The strike $2 for 3/15 contract on Friday went 67% from the LOD to the high of
day). On the 15-minute chart is shown my swing trading strategy for OGI. Each up arrow is one
lot of shares while the red arrow is to sell a lot. The lot size can be...
Organigram's share price was again characterized by bullish movements last week and attempted to cross the C$1.74 mark. Just on Friday it succeeded in doing so by a small margin, although we still do not believe that the price is in a real upward trend and should establish itself sustainably above this level. We are much more likely to expect a descent to the...
Personally I would not buy here, rather wait for a clear double bottom to form.
If it hits the $0.6 range I'll be a buyer, otherwise it's a no trade for me.
$OGI showing bullish trend change signals here at $.73 for long-term #Potstock exposure.
Technical analysis:
- Bullish RSI divergence showing on Monthly & Weekly chart which suggests and upside rally soon.
- Momentum oscillators and MACD are buried and curling up from lows on all time frames chart..
- possible double bottom test here at $.70-.75 best seen on...
Stock price is at $1.00.
Mean price is at $2.87.
Golden pocket is at $4.20.
Bullish RSI divergence after a 95% pullback
People actually buy their weed for $120/oz because it's quality (AA/AAA), consistent, and readily available.
--------------------------------
= 420 YOLO
Medium to long-term trade setup. I will be feeding the ducks this summer (June/July)
After seeing a multiple bottom at $1.30, we're now seeing a possible ascending channel pattern which could be very profitable for traders. A multiple bottom paired with strong quarterly revenue proves to be very attractive for us. I think we could see $3 in the midterm with some good volume.
Let me know what y'all think.
Im waiting for it to break R1 Yearly @ 2.98 which will also put it over the cloud .. $ broke above 50Ma on Friday with 8% 10M vol. Earnings finally realized 63%. OrganiGram Holdings, Inc. engages in the production and sale of medical marijuana. It focuses on producing cannabis for patients and adult recreational consumers. The firm's brands include Adult...
OGI - If you're looking for a low risk entry on the next potential leg up in MJ stocks, this has held for 3 months since entry and may want to leave this local range in the weeks ahead. Harmonic gave us the entry in Q2, now we wait a bit more it looks like.
OGI is free of any significant debt after repaying our entire term loan balance of 58.5 million!
The company currently has 220 million in cash and short-term investments!
The Market Cap is only 880.85M!
Q3 results:
- Gross revenue grew 51% from Q2 2021 to 31% from the same period in fiscal 2020 to 29.1 million.
- Net revenue grew 39% from Q2 and 13% from the...
