$TLRY Fib support and Fib Targets - LONGScaled back in, didnt dump like I thought it would, took profits though.
Weed
Short TilrayWhile volume still looks strong we are starting to see some divergence on multiple indicators. I'd wait for this to cool off before going long. Tomorrow might be the day to go short. I wouldn't be surprised if it was up PM and started heading down after open.
WEED back within an old narrowing ascending channelWEED.TO finds itself back within an ascending channel, for the first time since losing it June 26th. Indicators on larger time frames are getting very extended as the price level tests the upper limit of the channel, and while the price is at all time highs and running on both hype and news, I do believe at least temporary consolidation is in the very near term future. That said, I expect this reentry to be rejected and for a new support level to be found.
Comparing US MJ to CANN MJ for first day of legal sales - logFirst day of legal sales in Canada is Oct 17 (AFAIK) so comparing to the first day of legal sales in Colordo (1 Jan 2014) is a good idea.
Green line here shows the week of legal sales. Price ran up into it (similar to the action we're seeing in CANNMJ now ) and it didn't stop once sales started.
This is for all the bears in the Canadian MJ space. Watch out.
$CGC $WEED $CRON $APH $ACB $TGOD $TLRY
Comparing US MJ to CANN MJ for first day of legal sales - logFirst day of legal sales in Canada is Oct 17 (AFAIK) so comparing to the first day of legal sales in Colordo (1 Jan 2014) is a good idea.
Green line here shows the week of legal sales. Price ran up into it (similar to the action we're seeing in CANNMJ now ) and it didn't stop once sales started.
This is for all the bears in the Canadian MJ space. Watch out.
$CGC $WEED $CRON $APH $ACB $TGOD $TLRY
This pennystock (shitcoin lol) just had a delayed pump interestingly enough
Comparing US MJ to CANN MJ for first day of legal sales - logFirst day of legal sales in Canada is Oct 17 (AFAIK) so comparing to the first day of legal sales in Colordo (1 Jan 2014) is a good idea.
Green line here shows the week of legal sales. Price ran up into it (similar to the action we're seeing in CANNMJ now ) and it didn't stop once sales started.
This is for all the bears in the Canadian MJ space. Watch out.
$CGC $WEED $CRON $APH $ACB $TGOD $TLRY
Comparing US MJ stocks to Canadian MJ for Oct 17First day of legal sales in Canada is Oct 17 (AFAIK) so comparing to the first day of legal sales in Colordo (1 Jan 2014) is a good idea.
Green line here shows the week of legal sales. Price ran up into it (similar to the action we're seeing in CANNMJ now ) and it didn't stop once sales started.
This is for all the bears in the Canadian MJ space. Watch out.
$CGC $WEED $CRON $APH $ACB $TGOD $TLRY
Long NEPT (NYSE) NEPT.ca (TSX)broke out of the recent downtrend her in a hot sector. volume rising as well $CGC $MJ $HMMJ.ca $ACB.ca
Long ALEF.ca (TSX)This cannabis stock is finally breaking out after an early entry and patience. Cannabis sector hot right now. $CGC $MJ
Canopy growth getting toppish hereCanopy growth has reached the top of its channel and fibo projection. It is also completely overbought all time frame. We are expecting a pullback over the coming days and weeks.
APHQF - APHRIA turning up TSX: APH
OTC: APHQF
Aphria stock breaking out of cup and handle for entry and weed growth as CGC, CRON, and other same sector are up 30% this week.
Entry in low $9.30-9.40 range. Been a busy week and missed ideal entry.
Previous support now resistancePrevious support trendline from low of the February dump on WEED that formed the base of the ascending wedge in March 2018 became a new resistance at last all time high in June 2018. That trendline is being approached again on this current blue-sky breakout, and will be one I'll be watching as the days go on. This trendline looks even better on the weekly chart
Long NEPT (NYSE)broke 2 recent lower highs. long on the second break on increasing volume of late $NEPT $CGC $MJ
WeedMD [WMD.TO] CUP AND HANDLE PATTERN TO FILL GAPA very defined cup has been formed - awaiting handle
Watch for the handle to be formed over the next few days
A break thru 1.80 could signal strong bullish action
Resistance of 1.80 is bottom of gap from July
Potential to fill gap thru to 2.00-2.03 with resistance @ 1.90
Recent sector strength supports this action
beautiful fib bounceThis additionally proves that 24% fib is a thing as first shown in the hempco graph linked. Also looks to have completed ABC correction which could ultimately be a bullish signal. look for a good buying opportunity around 6.75 (I might enter higher manually) when it tries to fill that gap from 6.50 to 6.88.
possible reversal3 ideas here showing bullish signals:
1. correction/consolidation looks to be coming to a close from falling wedge pattern.
2. Notice Diverging RSI (unconventional). As the price is falling, retraces upward are getting stronger and stronger.
3. Price action goes sideways while entering 38% Fibonacci resistance level.
Volume seems to be increasing, volatility coming back. we should see within the next week whether this prediction is right or wrong. If it starts trending down again from here, short.
CGC WEED stock breaking out to all time highs hereCGC another weed stock to keep on your radar. It is testing its highs here near 37. If this can break we are talking about an explosive MOVE. there is no level of supply overhead to hold it down.
Big Time Breakout in WEED STOCKSCRON has been basing since january in a tightening pattern with 4 tests of resistance. Today we have a confirmed breakout with VOLUME. Currently long this name near 7.00 with a 50 cent stop. Think we could see 9 or even 10 over the next month!
Watch this for pullbacks! it has a ton of momentum here and the sector is in fire!
WORLD LOVES WEED SO WHY NOT INVEST IN IT?Hey guys,
Weed is the next pharma and Canada is taking over the space!
We see nice move on weed stocks recently - expecting further action $$$
Entering long here and will add up more - watching closely
Don't trade high but trade the high & Keep it REAL!
LONG set up in XLY.ca (TSX)Long over 0.85 based on a break above the recent lower high on daily. volume support as well. $WEED.ca $CGC $MJ $APH.ca
Corona owner pumps $4 billion more into $WEEDTechnical Analysis is great! But never forget about fundamentals.
We are searching for a new support now, lots of new money moving into $WEED as we speak - lets wait for EOD market to get a better idea on the rest of the week.
