Hemp setting up trade floorI have already cleared over 400%gain this year for Hemp. I believe it has set up a trading floor to start next run. Good luck.
HEMP trade ideas
$HEMP Pulls Back to Huge Support Level in Upward TrendHEMP continues to hold the posture of a new bull trend despite the deep pullback we have seen over the past couple months.
The stock is now testing confluence key support at the intersection of its rising log trendline and the rising 200-day MA.
HEMP 50% gain coming soon!?I think we have a hop skip and a jump coming with all kinds of volatility on this stock! Good luck!
HEMP WEEKLY BULLISH DIVBeen watching this one for awhile, weekly bullish div should be fun to watch play out. Small TFS show volume buidling... good cheap buy that could potentially show decent gains.
HEMP due a oversold bounceHemp, Inc. operates as a development stage company, which engages in the production of industrial hemp. Its products include drillwall, spill-be-gone, raw kenaf fiber, and hemp oil for hair and skin. The company was founded on January 16, 2008 and is headquartered in Las Vegas, NV
HEMP 10-29-19A lot of news revolving around HEMP. As of right now it is purely "hype" that is pumping money into this stock. Once Bruce reports earnings, that is when the true colors of the company will show. From a technical analysis stand point we will be looking for a buy on the pullback.
Remember anything can happen when reports are shown for his HEMP pre-rolls profit. If news comes out saying that he didn't produce as many as anticipated this stock will go down also.
I am still long on this pair due to the potential this company has as a whole with HEMP.
Hemp,Inc update on trend for a followerHemp Inc broke 1HR trend and found support at Touch 1 spike. This is basically .01 Investors like to get in at 127 to 161 extensions.
Bears still own Daily and 4HR.
Once trend is back in the orange channel zone between 0 - 50% on the channel we will be breaking the 4HR trend.
Once we are at the top half of the bullish channel 50 - 100% we will be attempting to break the DAILY bearish down trend and this channel. Once we are OUT of this channel a lot of individuals will be looking for an impulse break and a reversal for 3 quarters of the year before we get into a full buyers market. This seems to show a speculative outlook of .006 cents to .033 accumulation period for the next 2 years.
Anything can happen and we can easily go parabolic from .01 straight to .033 and then quickly return back to .01 in a matter of days. I believe we are on the way to beak the Touch 1 spike making a new lower low before rising. If this doesn't happen then we have enough support at .01 to keep the floor here all the way across the channel for the next few weeks.
I see us finishing an ABCDE pattern into a corrective ABC followed by an hourly 12345 impulsive move once we break out of the channel. This channel is slow and accumulative which is a good thing. Take notice to the strong support at .01 and take notice once we break this channel and ride ABOVE the moving averages.
A solid sign for bulls to come in for a few weeks would be for the hourly red ribbon to be below price. This would mean that the 800 MA on hourly will give us the 4HR support we need to break the daily bearish trend and reverse this baby for the bull market!!!!
Buyers sit at .006 to .01
Sellers sit at .025 - .033 but the most sell strength is at .05 and can hold for at least 3 years below .06 cents
(I would like to see a 4HR inverted head and shoulder develop here from NOW until Oct 2020.
I suggest buyers to buy in every time we break the low by 33% and touch the bottom of the grey channel. This would be your best entry option to buy. As long as price is below the moving averages and red ribbon on daily we are not yet in a bull market.
Once harvest is complete we should see holiday quarterly profits or profits stated after Feb. 2020 this would give us a potential rise come MARCH 2020 and allow farmers to have cashflow for that seasons planting. Hemp, Inc is an organization of many individuals who help support the growth of the hemp industry overall so I am going to calculate this just like I would with any commodity and its supply and demand.
The problem is we have a lot of supply but not enough demand for it. Right now the industry is being built in America so that we can find the demand spots for products and supply.
2 biggest issues with hemp in america is we do not have the farm equipment to do large scale harvesting yet (well at least efficiently that is) and we do not have enough suppliers to sell the product.
As the bottlenecks in the industry shrink the easier it will be to make cashflow and for Hemp, Inc to grow off of.
The next generation of Hemp, Inc. is emerging as a force for progress – connecting advanced processing and manufacturing capabilities with the global marketplace to solve some of the country’s greatest challenges, partnering with companies that offer the highest quality products, and at the same time delivering outstanding results for shareholders and customers alike.
Is it time for HEMP to fire up a blunt and go to the moon?A tip from some guys at work, who eat risk for breakfast? Lets see if it pans out.
Monthly 9 buy
2/Week 9 buy -
Daily 9 buy on Sept 4th
Trailing stop on above .01566 the the prior swing high.
Oscillators
StochRSI - at the extreme end on the monthly and weekly is positive
2-Week MACD 2Fast/7Slow - is positive. Weekly is positive
Weekly Coppock is positive.
Last 6 hours of the trading day on Friday the stock was charting down and bottoming out. At this point, it is still to risky for me so I am waiting for a sign from the gods?
Fundamentally, the bio plastics news article is not BS in theory? Hemp is a #2 feed stock as far as yield of oil per hectare-acre ( see page 15).
HEMPSeems like we might be heading to .005c before we take off. Or we take off from a penny. HEMP has a market reaction that is very common..we get 2 nice mini impulses up...a slightly over accumulation bullish channel with a mini break out that rides above the trend channel noise. This is a good sign for bulls as it shows much more strength is coming in. Price ranged for 2 years gaining support and is now preparing for a sling shot in price creating this channel.
I think this will be a good buy opportunity if we pull down a little more (even if its not exactly .005c and the 71 MA holds as support on the hourly.
Late buyers will enter after the break of .02
Good entries right before harvest and profits will be around .01042 and .005585. As you can see we have buyers really taking some action right now in volume itching for some growth.
Lets see how it goes!
Going to start looking more into these HEMP stocks.
HEMP Update 8-23-19As you are all aware. Hemp is getting a lot of publicity. Hemp company just announced today they are now processing for a bio plastic company. I have a strong gut feeling once they show a positive return this stock is going to go through the roof! Keep your eyes on it!
HEMP ThoughtsCompany been around since 2010. Bruce's numbers haven't been the best, but this looks like an opportunity to get in now, and ride it up. Still have room to go down, so i'm going to sit on it for a few before making a move
$HEMPposting as a note to keep Looking at all hemp companies as the Farm bill gets introduced. This one Started moving about a month ago clearly people knew what was happening. will look at a breakout of this range
pattern almost donelooking at 3rd consolidation move now. market likes to move in 3's. So were very likely to see a big volatility move soon. In addition to the cup and handle/ascending triangle that has been panning out for quite some time now, this is definitely looking very bullish. needs that confirmation volume to drive it home or else it will fizzle out.
finished cup and handleLooking for breakthrough, volume and technical indicators are bullish. About 80% sure this will breakthrough on bullish volume
HEMPExpect this volume push has peaked and will fall back to 0.35 resistance or next level before next bounce.
Big fish are trying to flush out some huge wins off CBD stocks.
Hemp - A big futureHEMP Elliott wave analysis. Although a penny stock, emotions run high and still create clear Elliott Waves. Hemp is an obvious long term growth prospect. Hemp is on its way to becoming fully legal and along with that the potential to really change how we make many products and also the medical potential with Cannabis is huge. I expect this to take a few years to get to my 1.00 target.
