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Cannabisstocks

Is Canopy trading in a bullish flag?It's very likely this plays out bearishly as a descending triangle, Canopy recently released earnings & the price continued to sell off immediately in the days following, despite the financials improving from previous quarters, and despite strong beverage sales the market seems to favor the U.S focused MSO's at the moment. Canopy will need some compelling news to break this pattern to the upside. Canopy is displaying a Symmetrical Triangle pattern as well, notice the green upward sloping line of support, Symmetrical triangles differ from ascending triangles and descending triangles in that the upper and lower trendlines are both sloping towards a center point. In contrast, ascending triangles have a horizontal upper trendline, predicting a potential breakout higher, and descending triangles have a horizontal lower trendline, predicting a potential breakdown lower. Symmetrical triangles are also similar to pennants and flags in some ways, but pennants have upward sloping trendlines rather than converging trendlines.
TSX:WEED
by ScotianBot
SNDL SUNDIAL GROWERS INC upside potentialAug 13 (Reuters): NET CANNABIS REVENUE FOR Q2 OF 2020 WAS $20.2 MILLION, AN INCREASE OF 44% OVER Q1 OF 2020 Sundial Growers, Inc. engages in the production and distribution of flower, pre-rolls and vapes. It operates through the following segments: Cannabis, Ornamental Flowers, and Corporate. 6/29/2020 BMO Capital Markets Upgrade Underperform ➝ Market Perform target price $1.00 Market cap: 75.147M Net Income: $-204,570,000 If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
NASDAQ:SNDLLong
by TopgOptions
8
Aleafia is potentially trading in an Ascending Triangle.AH is forming an Ascending Triangle or potentially a Bullish Flag, the dark green line is the base of either a bullish flag or descending triangle, the dark red line is clearly the downward sloping resistance of the pattern. The dark blue upward sloping line of support has seen multiple bullish reactions upon being tested, I have placed three blue arrows to represent each time we've seen bullish price action upon the blue upward sloping line of support. The blue question mark is where I expect to see another bullish bounce keeping an Ascending Triangle & Bullish Flag intact. Keep an eye on the divergence that will likely emerge on the RSI if another bounce happens in the price & a rejection comes into confluence with the previous two rejections on both the RSI & price.
A
by ScotianBot
Potential Massive Double Bottom. (CANN)Looking at major s&r levels on general cannabis Corp otc pennystock. I will throw a couple of shares in the portfolio on a potential support play. Just a buy and hold small diversification and I'll forget about it. If respects levels we could probably get a pop up towards $1 - $1.25 My indicators are not providing a buy signal, just a potential support play. Sometimes you just feel like rolling the dice 🎲🎲 Longterm hold. Diversify! Never go all in, especially OTC Markets!
OTC:CANN
by UnknownUnicorn2319099
1
[OGI] Pinned Down at Great Value... Load Up for Earnings!I know you guys are hungry for cannabis stock analysis so here we go! Just ran through the stable and OGI is far and above the best value cannabis play right now. They also have earnings coming up on the 21st. Its strong fundamentals make it one of my top 4 cannabis plays (APHA, TLRY and CGC are the other 3). OGI and APHA are my top two long term fundamentals cannabis plays (TLRY and CGC fundamentals are a decent chunk weaker). Honestly this thing is so erratic trend analysis is very noisy but the value here is clear. Earnings whispers already signaling it could be a bit rough but there's also high chance of some positives that the FOMO crowd will latch onto and blow out of proportion. Currently OGI is 1.5% of my portfolio and I'm looking to gradually scale in buys and ultimately double my position over the next week. First buy target is tomorrow. I expect the market overall to start crashing down into August very soon and Fridays have been pretty weak for months now and OGI has been on the slide for awhile so will still hold off today. If we get a FOMO spike, I'll probably end up selling off 40-60% in 2-3 20% increments. Fully expect I'll have ample opportunity to rebuy well below whatever FOMO spike happens. If no FOMO spike, no worries! This is a fundamentally strong company, you'd just need to wait another few months within which would be ample opportunity for another spike. If it crashes I'll continue re-upping 10-20% chunks in preparation for the next inevitable FOMO spike although the floor this stock has now set seems very strong and is well below the floor of other cannabis stocks (aside from maybe TLRY which has a pretty solid floor too). Also price is right on the floor, hence the great value here. Ironically, their last earnings were a dud but last ACB earnings gave them (and the rest of the industry) a nice FOMO bump so any broader cannabis industry hype can easily bounce this thing around too making it a fantastic swing FOMO play. Plant your seeds soon and lets hope for a bountiful crop after next week! OGI was my 2nd idea on TView (now approaching 100 ideas!) and it held up pretty dang well (especially if we do get that predicted FOMO spike!):
NASDAQ:OGILong
by ProfitHarvest
11
Aurora Cannabis $ACB is getting ready for Moon MissionWell, cannabis stocks went through very rough couple years. They all were in accumulation mode for good part of 2019 and entire 2020. Accumulation is done and ready for take-off. Here is why: - Few month ago we made new Higher High with possible Higher Low as of now. - The reasoning behind Higher Low is a consolidation in the area of Fib levels 0.705 and 0.618. - Price breaking out (or at least trying) from the classic BULLISH Pennant. - Price extracted liquidity from fairly matured Order Block originated in 2016 Price Action with super High Volume. - The volume even higher than previous bullish runs of 2017-2018. - Other canna stocks are breaking out as well for confirmation. Looks like entire industry is ready for the move. Invalidation: - Price action breaks below HTF Liquidity Support and deeps lower. - New Lower Low established. Note: - There is one area of concern (gap in price) right around Volume Area Low and HTF support. Price may deep into that area for quick grab to close that gap, but this area can be treated as part of bullish "Reversal Island" setup and may be avoided altogether. As always this is not financial advise.
ALong
by LEVERXYZ
1
Falling Wedge breakout.APHA has broken the downward sloping resistance of the Falling Wedge pattern outlined in blue flush to the upside, and upon back testing the area of resistance it's now turned into support. Notice the higher high creation for the first time since 2018 ATH's? The Green pattern in this chart is an Ascending Triangle, and upon break out of this pattern APHA has created a Macro higher high. Any pull back in APHA would need to hold either the top of the ascending triangle upon a back test, or the upward sloping green line of support if there's to be continued bullish price action.
A
by ScotianBot
1
Is TNY trading in a Macro Ascending Triangle?TNY appears to be holding on to the green upward sloping support in this chart, the support is interestingly forming a giant Ascending Triangle. Potentially merit for a Inverted Head & Shoulders, only time will tell. Tinley has multiple upcoming operational updates that can influence these patterns to play out bullishly to the upside in a parabolic manner. 1. Canadian expansion of Cannabis-infused beverages & Beckett's. It appears as though Canadian expansion for the cannabis-infused beverages has been held off until Tinley received their Long Beach License because Tinley expects to provide reciprocal co-packing referral services with a Canadian co-packing partner. Updates on expansion to Canada are expected in August. 2. Some of Tinley's Co-packing clients will be announced in the near term because Tinley's Long Beach Facility received official licensing recently. The company is now in a position to consummate agreements in its pipeline of prospective co-packing clients, apparently there are five, and the CEO has mentioned some of the deals will put Tinley on the Map. Mentioned in one interview is a National Brewery, a well known Winery, and some well known Cannabis brands & mainstream beverage brands. 3. Beckett's shelf placement regarding approximately 6500 locations of interest, commitments from 4 chains for August, at least 1 is rumored to be Costco. 4. Working to finalize initiatives with prominent figures in sports and entertainment for marketing of Tinley products and co-packing clients’ products. 5. Expansion to Nevada. Tinley has several bullish milestones that if completed in a timely manner can have a serious impact on the share price to the upside, and on the contrary if delayed, the outcome would be vice versa & a retest of 20c CAD seems plausible.
CSE:TNYLong
by ScotianBot
1
NASDAQ:CRON P-Modeling Pt 1. Cannabis Hyperspace AgentsWelcome Hyperspace Agent... This is Cronos Group Inc. I am a holder. It is my belief... That the entire cannabis sector has found their bottoms. Give or take of course.. this is an approximation of the linear network. Bare Bones of Cronos Group Inc (CRON).. Will develop further as we go.. The catalyst is the legalization of cannabis in the USA by executive order by a president that promised to do just that. ;) _______________________________________________________________________ I do not expect to be spot on, however.. note the following.. Find the 'We are here bubble'.. Find the pink path.. This is the predicted path. Find the white trend. This is the actualized trend at a 4 hour time-frame. My proposition is that we follow with relative accuracy the trend in pink. Let's call this Proposition A. I do NOT have a proposition B at this time.. Trial and Error.. Failure is a necessary component of success.. Thanks for Pondering the Unknown with Me, Glitch420
NASDAQ:CRONLong
by Glitch420
8