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A story that ends poorly.... BLR hit the scene on a super pump play some time ago...the CEO.ca board was filled with hopefuls and the CEO flogged their "test kit" story. They did a deep disgusting split that provided some folks hope. I'm not an expert but everytime something does a reverse 25-1...it's best to step away. It went from test kits to weed from weed to baked goods with weed in them and from baked goods in the super fancy baked goods oven...to nearly pre split pricing with no sign of life in any of the irons they have in the fires. Peace out...I predict this storybook won't be reopened for some time
CSE:BLR
by Honkytime
The dependence between the dollar index and the high risk assetsIn the following chart you can see the dependence between the dollar index, the crypto market cap, and the oldest weed stock ETF Below them is the market cycles indicator which measures the overheating of the US economy. We can see that when the DXY is in fundamentally downtrend condition, the economy is in good fundamental condition and the indicator is showing us buying opportunities marking green investment area, the crypto market is booming. Read the full article here: rodopacapital.com
CRYPTOCAP:TOTALLong
by rodopacapital
Descending Triangle for WEED?wow, hard to believe canopy is getting near my entry point in 2016-2017. This stock has been a rollercoaster since rec legalization in Canada. A Potential trading range is highlighted in green. Any price movement that is sustained below or above the green lines is noteworthy. If WEED doesn't hold the green line of support a gap down to CAD $2.80 is highly probable. If WEED breaks to the upside out of the downward sloping resistance of the broadening wedge go long, set your stop loss above the resistance line, and trade accordingly. If the top of the broadening wedge doesn't hold as support a decline back down to the baseline support is likely and it was a fake-out.
TSX:WEED
by ScotianBot
Green Thumb // Watch for the trigger !Here is a quick review of the $GTII price action. Keep an eye for the trigger that can be pushed by a daily RSI bullish divergence between wave 4 & 5 and earnings (if they beat the estimate). If validated the trigger can push the price to previous ATH with significant selling pressure in the "High resistance" zone. In this scenario, the trigger would be a good DCA point for long term holding. If invalidated, further downside can be seen and the "HIGH SUPPORT" zone is to watch for a perfect entry. I'm learning here so feel free to give me your toughts and advice ! Thanks !
CSE:GTIILong
by Akabanzer
1
SNDL - Day of reckoning coming for weed stonks? Weed stocks are having a great week so far and I don't think the fomo has kicked in yet. SNDL is breaking out on weekly into the new channel and can squeeze higher above a dollar. I think this will continue running into month/quarter end and potentially 5-7+ dollars into Q2. This entire sector has been beaten down for years as money has shifted into tech and growth. As the Fed tightens, people will look to value vs growth and this sector is at/near all time lows. Risk to reward is a no brainer.
NASDAQ:SNDLLong
by Jigstack
2
$TLRY blue dream sniper 👁‍🗨*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Today team purchased shares of marijuana company Tilray Brands $TLRY at $6.10 per share. Our take profit is $7 with a stop loss at $5.90. Our Entry: $6.10 Take Profit: $7 Stop Loss: $5.90 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:TLRYLong
by SimplyShowMeTheMoney
3
HEXO, A PATH TO $1 - SELL BEFORE 4/20?I've been watching this stock for awhile now and I think we've finally hit that point where a turnaround happened. Look, Cannabis is going to be a big industry, but it's a matter of how long. Now Hexo has 180 days to climb back over $1 and the question becomes, "can they do it?" From what I've seen in the charts, I feel we might see a pump pretty soon, sometime before april, which will unfortunately allow the stock to drop right around 4/20, giving it a chance to settle around $1 before the 180 days are up. Good news, if you catch the drop right, there might be a chance to ride Hexo back up to around $2.70-$3.00 long term and then close to $5 per share even longer term. Does anyone else still watch this stock or am I the only one?? Let me know if you are seeing another scenario play out in the comments.
HLong
by nicktussing77
4
$TLRY smoking on that tilray pack 👁‍🗨*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management Recap: The market has been in loading zone the past couple of weeks. My team is loading up shares of companies that we believe are likely to benefit from this rally. Today before the market closed my team purchased shares of marijuana company Tilray Brands $TLRY at $6.26 per share. Our take profit is $10 ENTRY: $6.26 TAKE PROFIT: $10 (OPTIONAL) STOP LOSS: $5.50 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:TLRYLong
by SimplyShowMeTheMoney
MSOS madnessI know no ones wants to touch MSOS or anything marajuana related but i believe it’s always smart to keep an eye out for everything. I am making a small bet while we hit all time lows. Also, as a technical trader, It’s a big deal for me that this is the first time the RSI has dropped below 30.. Even better, bull volume came in as we hit the all time low while the RSI bottomed.. If Bulls can hold this weekly close and keep the RSI above 30, I will be a believer that MSOS can get high. Pun intended. Not financial advice. Happy Trading.
AMEX:MSOSLong
by ChartFood
1
SNDL gets pep in its stepNot a financial advisor. SNDL has been dragging along in the market. It needs to reach compliance - with the markets shifting green we could very well see the much awaited spark here. 3 white soldiers reversal up will solidify that run. It would certainly attract more investors. This is a high risk play - But one I'm willing to make. Momentum is shifting back. RSI turning up MACD & TSI looking to cross soon. All of which indicates bullish moves to come. One to keep an eye on for the month of Feb. Who knows, maybe Weed will be legal before 4/20 - would be great for business.
NASDAQ:SNDLLong
by StofAxeCapital
to catch a falling leaf pt.2I truly believe MSOs will bottom out at some point this year... if not already. Whether by way of a market wide dump during a correction, or by forming the bottom of a cup in an eventual cup and handle formation. I think the MSOs have some real world catalysts in place to start turning positive (SAFE Banking Act, more states legalizing, actual positive net income...) whereas the canadian growers are basically crossing their fingers for US legislation to pass while they bleed cash. As with the canadian pot stocks tho, we want to really see this thing shallow out. The current downward trend is trudging along the 1/1 angle, but we need to start seeing local bottoms form on the 2/1 angle. If that happens, we'll likely see some kind ending diagonal form which would indicate wave C is finally coming to a close. The other scenario is that this overheated market takes a dump and pot stocks go along w/ it... (see 2 yrs ago) in which case BTFD and hang on. Ironically it's been the democrats that have been blocking SAFE from being passed into law... apparently looking like awesome social justice warriors is paramount in this endeavor. With their grip on Congress in question in the coming mid-terms they need to cut the crap and hustle to get something done. Expect a bump when SAFE passes as institutions start to get involved in the MSOs. for fun only, not advice.
AMEX:MSOSLong
by chinawildman
1