Weekly Chart for Long Term Investors.
Folllow my TradingView Profile , and recive an alert when the price falls to $1.37.
You don't have to wath this market anymore.
Buy1 1/3 size ($1.34 )
Buy zone2 2/3 size ($1.15$ , $1.08 )
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$OGI has a multiple bottom in place just believe $2. The stock is now bumping up against the long-term downtrend line from last May. A move above $3 will confirm the breakout. We believe a new cannabis bull run is coming this year and $OGI is certainly a name to own in the space.
OrganiGram Holdings Inc., through its subsidiaries, produces and sells cannabis and...
Hello Traders!
Today’s chart update will be on OGI where bulls are promptly trying to change the bearish structure; key levels must break for a trend change to come to fruition.
Points to consider,
- Trend structure changing
- Local support being held
- Structural resistance to break
- Stochastics in neutral territory
- RSI diverging from price
- Volume...
Traditionally this stock has experienced massive resistance at the $4 to $5 level. There is no reason to expect this stock to break out of this zone beyond spikes above or below the range until more growth is confirmed or EPS improves.
Overall market sentiment on marijuana is likely to remain neutral to bearish as some companies will go bankrupt while others will...
Nobody's going "to the moon." Earning a few pennies on multiple dollars will ensure this stock remains grounded.
PT range of high $3's to mid $4's until we hear about more sales numbers from edibles and vape cartridges.
Perfect retrace to .786 Fibonacci level.
MACD had just crossed bullishly while histogram has turned green.
RSI and Stochastic in reversal from oversold conditions.
OrganiGram Holdings, Inc. engages in the production and sale of medical marijuana. Its products include strains, cannabis oils, and vaporizrs. The company was founded on July 5, 2010 and is...
The weekly chart shows a goo sign of a large run for the next year. 300% +
I'm predicting OGI to continue lower to the support around 1.60 sometime in Feb/March before it starts its long gradual run into Jan 2021.
It is no secret that this whole sector has been hit hard. This graph does have abit of promise.As we can see it is at a very steep downwards channel but I believe we are nearing an end. We can see that on the OBV, MACD histogram and William R to be bullishly diverging . on top of that the RSI is bullishly diverging on three points.
We can see that the price...
Looking at my lines, I think this is a good time to buy for either a quick 20% scalp, or a longer-term 3-5-year 300-400% gain. Fundamentals need to align with technicals, but I think the pattern has this rising again. I might be early, but I am in here.
Descending wedge into long-term support is how I see this.
Watching OGI for some time. They are the first of the top 5 producers to ship 510 vape carts to the market. This is a much better strategy than their highly packaged pre-rolls which are a waste of time and money. At $3.13 CAD or $2.38 USD and bullish trend pattern charts forming with strong support at these prices, maybe time to get back long on Organigram?
OGI is crossing the center of the MACD line and has support.
As dispensaries are being rolled out throughout Canada, revenue for OrganiGram will increase dramatically in 2020.
My guess is a day of consolidation then a spike in buyers.
Hey Friends!
OrganiGram (NASDAQ: OGI) is a Canadian company and leader in the organic cannabis space. The company is growing at an impressive pace.
Raymond James analysts predict that 2019 total revenue will be $97 million. That’s a huge jump from $12 million in revenue in 2018 and $5.7 million in 2017.
OrganiGram also expects to increase production capacity...
