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CannTrust TRST at $10 will double - 100,000 KGs of productionAs traditional investors late to the sector start looking at fundamentals, they will notice this large producer doesn't run on grandiose future promises. They are producing 100,000 KG of kilograms and have proven themselves to be a conservative high capacity producer. With a market cap of just $1.07 B or $820M USD. Since TRST is generally available via the US OTC through CNTTF, CannTrust Holdings Inc. has limited visibility in the USA. Once that changes, the true value will be reflected in the stock price. The only thing missing is the S&P cooperating but we are very, very close to a technical turn around. Obviously if the general markets fail, so will all these names but CannTrust is now a target for takeover by someone in the sector like heavyweight, cash rich Canopy, Tilray or even Aurora needing to justify much less production at $9.6B. Tilray is even worst in value. Management should indicate when the US listing to the NYSE or NASDAQ would happen. They need to get off the OTC to be accessible to larger investors. Very little risks here, especially if you are ready to weather the markets. Since the markets have a huge impact on all stocks, the arrows in the diagram is just one possibility if we get a confirmed general market bull. If we don't, don't expect much upsides short term. The uglier it gets, the move violent the upswing.
TLong
by UnknownUnicorn2413721
1
Tilray to $260+ by end of 2018 TLRY LongThe ascending triangle is most often a continuation pattern, so we should expect a bullish break to US $260 by the end of the year if the pattern plays out. This is support by Tilray's plans for global expansion and the decision today to legalise recreational use of marijuana in Canada. Recently the Tilray price has dropped despite a lot of good news for the marijuana industry in Canada. I believe this is because of lot of people are profit taking at these levels as they invested a while back when the price of Tilray (TLRY) was much lower.
NASDAQ:TLRYLong
by James_Winsoar
HEXO - Reversal Coming ?Dear Traders, As we've seen HEXO didn't manage to break out and create a run, which isn't a big deal because I only would have entered a trade if I had more confirmation such as Volume and Momentum. Instead, we got a retracement, which is about to reverse in my opinion. Have a look at the chart, as we can see we have a lower low price wise (RED ARROW) but in the RSI we are looking at a higher low (GREEN ARROW). This is a Bullish Divergence and this could give us an indication that this downtrend is about to reverse to an uptrend. HEXO is a well established company and they're future is bright. The Bullish Divergence isn't the only thing I see on the chart, I also see that we have some support trace by a horizontal red line. This might just be a perfect entry to enjoy a reversal run. This run will encounter Resistance points at: 6.83$ / 7.00$ / 7.37$ Keep an eye on the charts on monday, this could be a nice little rid if the bulls are pushing enough. Any Thoughts?
TSX:TLRYLong
by Raw_Blitz
2
KUSHCO - Bullish Channel - Bounce off?Dear Traders, Kushco is oversold on the hourly chart and this could create a bounce off (which is already slightly did), but with the fact that a bullish divergence is luring in the MACD Histogram, this could become the start of a rally towards the higher level of this Bullish channel . I did zoom out before starting this TA, and on the weekly, I see lower highs, but also higher lows. So it's a bit twisted. While zooming in I see a dropping RSI (lower highs) but that divergence could make this stock go up by monday. Keep an eye on the Charts! Any thoughts? Feel free to join my new Discord Channel if you interested in talking to me and others about stocks, info and of course opportunities! Sned me a PM for channel link. LAST NEWS: ''One that might be worth considering is KushCo Holdings (NASDAQOTH: KSHB 0.55% ), a marijuana supplies company. KushCo markets marijuana packaging and other ancillary supplies in the U.S., Canada, and elsewhere. Because packaging is highly regulated, this company has been able to carve out an important niche. Last quarter, its sales jumped 173% year over year to $12.9 million, but because of spending growth, it reported a net loss of $2.17 million in the period. The company's $400 million market cap means it isn't a cheap stock on traditional valuation metrics, but if it can keep itself at the forefront of its market and sales in California, Canada, Colorado, and elsewhere continue climbing, then it could be worth tucking away in long-term growth portfolios. ''
KLong
by Raw_Blitz
CGC at risk of losing long time weekly uptrendTaking a different approach today, starting with the long term weekly chart and we're at risk of losing the weekly uptrend that's been intact since July 2017. We're looking at must-hold support of 44.90, the loss of which would break the uptrend. This level will be in play next week. If 44.90 breaks our next support is 10% lower at 40.68, and then there's nothing on the weekly chart until 24.46, however I would expect to find support somewhere in the $37 range close to the Constellation bought deal price from August. We also have the weekly MA20 in that range which should strengthen the support in that area. The weekly candle is a bearish reversal candle and a potential volume climax, this is often a signal of a trend reversal. Losing 44.90 would break the uptrend but it wouldn't immediately put us into a downtrend, we'd have to wait until we find a bottom, bounce, and then set a lower low to initiate a downtrend. Regardless, a break of this level would be significant. We're also looking at bearish divergence on the weekly chart, where price action has set a higher high relative to January but RSI has set a lower high. The MACD does not show the same divergence. "So, what happened this past week?" This is a question a few people have asked me in person and online over the past 24 hours. Let's go back to the daily chart to look at the setup we had going into last week. I've annotated the levels we were watching last weekend. Bulls needed a break of 51.21 and bears needed a break of 46.42. First thing Monday we got that break with big volume and a close at the high of the day. In almost every idea I've published over the past few weeks I've been reminding people that the sector has run over 100% in just a few weeks, and that was neither normal nor sustainable. Therefore, we were looking for a sell-the-news reaction to legalization. I was expecting that Wednesday and we got that on Tuesday instead, in the form of a gap up open, a volume climax and a bearish reversal candle. Wednesday and Thursday we saw a weak bounce attempt with a potential daily bear flag setup, with the low of Wednesday a must hold level. When we broke below 48.30 we confirmed that bear flag and confirmed Tuesday's bearish reversal candle. So for clues on direction we zoom into the hourly chart. We can see since the initial dump on Tuesday, every bounce has been just a lower high on the hourly. Once we stabilized a little bit we had our range between 48.30 support and 52.87 resistance (annotated with white lines). For me this was a no-touch zone because the action inside tightening ranges is choppy and difficult to play. I we watched as we set a lower high, then a higher low, and another low high (annotated with yellow lines). On Friday we had a clear equilibrium bear break, which was a signal for bulls to jump out and a signal for bears to open short positions. Anybody bull acting on this signal saved themselves over 6% of downside, and any bear acting on this signal had a nice 6% profit on the subsequent dump on Friday. We bottomed out after 2pm on Friday after touching hourly oversold but the bounce so far is weak and is a potential hourly bear flag setup. That will confirm if we break the low of Friday 45.43. I do anticipate that level to be tested first thing Monday, we can see the bull volume on the bounce is much weaker compared to the bear volume on the dump. CGC is the sector leader so if it shows continued weakness Monday and Tuesday you can anticipate weakness in other names as well. If you're the type of person looking years out and holding, you don't care much about the last half of this post but you are very interested in the weekly chart above. If that level breaks you have an opportunity to stop out and look to reload, for example, 10% more shares for 10% cheaper with the same amount of capital. That's one more way you can compound your gains on these positions even when we see consolidation on the longer term charts. _____ For anybody looking at any individual stock it is imperative to keep an eye on the overall market. The correlation of every individual name and sector to SPY market is very real and the market is showing significant weakness over the past three weeks with warning signs of further potential weakness potential into next week. By the way, I do analysis on the entire sector across all the mj charts I publish. If you're not looking at all the names I talk about, you're not getting the full sector-wide analysis. Follow me to get updates when I publish ideas and pay attention to the mj names you typically don't look at too, so you can stay in the know and get the full picture.
CShort
by McGuireTO
4
WEED - Bearish DivergenceDear Traders, As we can see WEED managed to make a nice run, but as I said yesterday, better not enter because this is a time bomb. And guess what happened. It dropped, and in my opinion it's not ready to go up for some time. This bearish divergence happens when we have a new high, but RSI shows us a lower high. It's time for a big retracement people. Any thoughts ? Feel free to join my new Discord Channel if you interested in talking to me and others about stocks, info and of course opportunities! discord.gg
TSX:WEEDShort
by Raw_Blitz
2
ACB - Showing Bearish Divergence !Dear Traders, ACB had another run yesterday at the opening but as predicted a huge sell off happened. I hope you followed my advice to not enter any trades yesterday. We can see that ACB shows us a Bearish Divergence on the weekly chart. We got higher highs, but the RSI peaks showed us lower highs. Bulls are exhausted and we are now entering a consolidation period. Any thoughts ? Feel free to join my new Discord Channel if you interested in talking to me and others about stocks, info and of course opportunities! discord.gg
TSX:ACBShort
by Raw_Blitz
18
CREE - Keep your eyes on this sleeping monsterDear Traders, Bears were in control for a while but not anymore. Bulls managed to push this baby quite a bit and now it's time to see how powerful those bulls are. Is this stock going to pierce through the 200 ema ? RSI is overbought but this is normal which such a run, daily RSI looks sweet. Let's keep an eye on this one. If the bulls manage to break the 200 ema, we will see a run. Any thoughts? Feel free to join my new Discord Channel if you interested in talking to me and others about stocks, info and of course opportunities! discord.gg
C
by Raw_Blitz
TGOD - Bearish ChannelDear Traders, As we've seen before, my Support line didn't hold and TGOD's price broke underneath it creating a newer low. Even with the great news, TGOD received the 16th of October, the bears are still in control, But for how long? The bulls have to pierce upwards from this channel in order to show that they are back in business. Until then, TGOD's price will continue to drop. If the bulls succeed in breaking upwards, or next resistance points are: 5.83C$ (55 ema, and also our 0.5 fib level) 6.17C$ (100 ema) 6.96C$ which is the 200 ema. Let's see how the bulls will do this week. Any thoughts? Feel free to join my new Discord Channel if you interested in talking to me and others about stocks, info and of course opportunities! discord.gg
T
by Raw_Blitz
9
CGC sells the news into legalizationCGC saw a big gap up and huge volatility in the opening minute with a range of more than $1, before an aggressive dump spanning 20 minutes and traders took profit, knocking the stock down 12% immediately. CGC bounced off the low of the day pennies above that key resistance we broke Monday for the equilibrium bullbreak - 51.21 former resistance now support, with the low of the day just above at 51.26. The RSI also backtested the upper resistance of the wedge pattern it broke out of, also as support. The MACD on the daily signals a very weak move from the daily breakout and the volume looks like a volume climax - often a signal of a trend reversal. We are very confident that on this pullback we will retain the daily uptrend and set a higher low above 46.52. Tomorrow I'll be watching for support at the low of today and at the daily Middle Bollinger Band. We are seeing weakness after hours having broken the low of consolidation after the bounce, which would typically have us looking to open with weakness the following day. The top of the afternoon bounce rejected from the 15min Upper Bollinger Band and immediately lost the Middle Bollinger Band, rejecting the price for the rest of the day and into after hours. We are downtrending on the 15min currently, looking for a new base of support. Key support to hold is low of the day 51.26. Key resistance to break to tell us our daily higher low is in will be 55.44. On any continued bull push I do expect a lower high relative to our new all time high 59.25. We knew the rug was going to be pulled out at any moment, and I was caught a little off guard that it happened first thing this morning but luckily took profit on all my swings on the big gap up open. I do hope everyone heeded last night's advice to set your stop loss orders. Big institutions have been loading large positions in Canopy with CIBC and Anonymous combined purchasing roughly $500 Million worth of shares in the past month. Be aware these whales can start unloading massive positions at any time without notice. imgur.com
C
by McGuireTO
1
Aurora - How far can this go before a drop ?Dear Traders, The Cannabis industry has been exploding prior to the 17th of October, ACB is one of the stocks that is going up fast! But how long can this go on ? RSI is overbought on each frame, and macd is going to cross downwards also. PLEASE BE CAREFUL FOR A MASSIVE BEARISH SELL-OFF ! I'm not saying this will happen, but the reason why I say this is because of experience.. Buy The Rumor, Sell The News. Tomorrow is news day. Just be careful. Best thing to do is, if you haven't entered into ACB, WEED or any other booming stock, don't. Wait for a retracement and buy the dip.
TSX:ACB
by Raw_Blitz
1
WEED - How High Can It Go ?Dear Traders, Like ACB, WEED had a great run yesterday and a lot of traders have been able to make good gains! The question everyone is asking now is, how far will this go ??? Well that's a pretty difficult question o answer because this stock could retrace any time, but it could also pop up another 5% before starting a retracement. My trading strategy here will be to wait out the sprint, it's too late to enter again in my opinion. I don't want to be left with a huge bag bought way too high. One the Cannabis stock have retraced i'll load up my bags with a lot of shares. Any Thoughts ?
TSX:WEED
by Raw_Blitz
3
WEED looking for blue sky breakout tomorrow!WEED had a gap-up and run open this morning on massive volume, breaking our daily equilibrium bullish and finishing the day up 13%. WEED rejected from all time high today although the American ticker certainly smashed that level, but we still closed pennies off the high of the day. After hours trading saw CGC hit as high as 58.44. We're riding well above the daily Upper Bollinger Band as support. We also see the hidden bullish divergence on the RSI and MACD having finally played out. RSI has broke out of its descending wedge pattern, and the MACD has started to curl up. We're looking for a higher MACD spike tomorrow. When stocks are at all time highs there is a lack of resistance, so we look for psychological round numbers. $75, $76, $77, etc. $80 especially should be tricky. We also look at the American tickers to correlate the highs of pre and after market with the Canadian levels. For CGC the high of after hours trading is 58.44. Our key support is 70.16 on the hourly. Keep walking your stop losses up. We're in a euphoric bull run and we want to protect our profits from any sudden sell-off. Also keep in mind the correlation to the overall market. SPY has its second daily inside bar to watch the range of tomorrow, and while a bearish end of day didn't affect the mj sector today, we have seen countless times where it has. By the way, I do analysis on the entire sector across all the mj charts I publish. If you're not looking at all the names I talk about, you're not getting the full sector-wide analysis. Follow me to get updates when I publish ideas and pay attention to the mj names you typically don't look at too, so you can stay in the know and get the full picture.
TSX:WEED
by McGuireTO