soo I like this double bottom on fire. fire have lower volume but, there are larger than normal shorts in here and I think this stock will experience a short squeeze next week and the cannabis bulls agree the bottoms were found on ACB, TGOD, APHA ect. one thing I don't like is the weakness of canopy. ACB seems to be the leader at the moment for our momentum. WEED...
this is a great long term investment but 10 bucks is no where in the near future again. Tgod will not have any sales for at least 12 months. lets hope you took your profits above 8. and look into a re entry around 2.00.
After the new highs ACB fell out of the uptrend but I believe it was a bullish sell off to catch the shorts in a trap. The bullish ascending wedge is lining up perfectly for a bullish week in the sector. Other theory we broke the trend is to the TSX and SPX falling 1-2 percent a day and scared investors and bulls to hide out until the dust settles. anyways I see...
Namaste has taken a beating by the shorts but if N crosses the 200 simple (purple line) I can see solid support at $1.8 or .236 fib. the massive amount of volume screams the bulls are loading up and ready to bankrupt Andrew Left. Lets see what happens this week im guessing at $1.80 to $2.30 range. its going to be volatile and lets watch the volume! don't forget...
Bond yields, and the new trade deal the TSX looks very bearish. lets chat about it what are your thoughts? I think we will trend lower and continue this trend through RED October. The high in January looks like a shoulder and the recent high looks like the head. I have been thinking we would hit a correction in October and one more bull rally December and January...
Fire is a very under valued stock in this sector and big investors know it. I have noticed large purchases limit orders supporting 2.10 price and I have noticed increased volume in the past month the bulls are getting ready to take this stock past 2.40 but I think they are waiting to catch the bears in a trap. there has been some solid support above 2.00 and I...
With the all bullish rally's in the sector ACB has been left behind due to almost 1 billion shares. Companies are Cron in my opinion are worthless are making new highs. ACB finding huge selling pressure in the 9's including myself. ACB looked like it was going to break out yesterday we had a bullish flag and the rally to 9.35 followed by huge mark sells pushing...
If you really wanna see the strength of this sector. there's huge support at the long term trendline as the 50, 200 are running parallel the 200 simple and double cross with a break out over 20.35 the previously resistance. Now looking at the holdings in HMMJ ACB needs to perform well as hmmj largest holding is aurora. I think this is a beginning of a large run as...
This is the chart you want to trade. bulls are fully in control. not too many shares outstanding and the bulls are in full control. This week the bulls are most likely going to test 8 again. build support and break out to higher highs. reason why I say this is because if you buy 10,000 shares this stock jumps 3-4 cents. with high volume coming this week I can see...
I like FIRE. I see huge potential in this company. I'm a buyer under 1.85 I think there will be lots of buyers around there. my target is 3-5 a share.
I am expecting WEED to break out above the line of Resistance at 44.00 break and retest of the all time highs is expected. The 50 day should be the support here and I would be comfortable buying around the 50. Rumor around town is canopy will be taken over by constellation brands. I think about of people will be buying the rumor and selling the news. my target...
The death cross is staring us in the face! stocks usually start a horrible down trend after you see this and that's why acb broke support at call it 7.15 stocks on downtrends never really become too overbought so acb seems like a chart I would stay away from. my opinion is see acb testing the back side of the 50 day moving average at around 7.15 I honestly don't...
been waiting to find support at 6.00 there to confirm my theory on a large descending wedge from recent highs. you can see the pattern so don't rush into a buy. buy when there is blood on the streets like yesterday, on or near the button line. use stop losses these bears are strong. when trading don't get greedy :)
Cron is falling from the symmetrical triangle. nothing in the sector is looking good besides aphria. the summer bears are winning but for how much longer? Cron should find support between 6-7 CAD.
long term downtrend has been created. we are very oversold so long positions a re rebuy is 5.97. the shorts will want to break 6 but I believe the bulls will recover a bit by Monday. Thursday and Friday is most likely going to the bears.
WEED and ACB down on Friday and APH was showing bull strength as the past couple days having higher lows and holding its own while competitors are very over sold and still dropping. I like APH because the stock has fewer issued shares than acb and honestly the charts are cleaner and more predictable than canopy and acb. canopy when they have a bull day it moves...
My last trade failed due to bear pressure I was able to get out at 9.50 for a couple hundred dollars profit. rebought and 9.00 and resold at 9.12 for 1200 dollar day trade. the Bear pressure is huge the shorts have locked up some huge positions recently and with selling pressure we close below the daily 50 Day Moving Average. I think the bears will push it down...
ACB TSX:ACB Trending up currently just sold at 10.48 10,000 shares. looking to re buy tomorrow morning at 9.48 hit my target price of 10.98 with 10,000 shares that would leave me with a $15,000 trade by july 2-3rd. lets see if a nail this. ACB has strong bears so this trade may not work out but it will wait n see.