Cannabisstocks
EXMceuticals - Licences for European MarketAfter a long time back and forth, EXMceuticals announced today that it has obtained the import license of cannabis for Portugal and the European market. Now the import can finally start and the processing to CBD can take place.
A doubling would not surprise me.
C21 Investments - Light at the end of the tunnel?Short and crisp.
Q.2 Numbers were ok. At least one cannabis company that earns money and thus the company delivers what everyone expects. Increasing turnover but above all also profits!
Weekly closing price above 0.71 CAD unlocks the next target at 0.88 CAD.
If this is also taken out at weekly closing, maybe it could run to 1.20 CAD.
If a weekly closing less than 0.71 CAD another downturn should not surprise.
Highlights
- Net sales increased 27% to $9.86 million in the second quarter compared to $7.76 million in the first quarter
- Adjusted EBITDA was $0.8 million, compared to $0.2 million in the first quarter
- Slight increase in gross margin to 44% (43% in Q1)
- The acquisition of Swell Companies was completed on May 24, 2019 and the C21 portfolio was expanded to Hood Oil and Dab Society brands.
- Hood Oi brand sold 36,000 units at the beginning of the year, with sales in excess of $1 million.
- Customer growth in Nevada to 159,932 customers compared to 139,392 in the first quarter
TNY Update.Tinley appears to be trading in a Ascending Triangle creating a series of "micro" higher lows & higher highs.
The 46c range would be ideal to hold because that's where we created our first "significant" higher high on a micro level that was representative of a potential trend change.
On the RSI we can clearly see higher lows & higher highs forming a Ascending Triangle as well.
Worth noting.
We've seen a double top where I have the two red gavels that coincides with an increase in short positions during this exact time period, but I wouldn't be surprised to see them cover if they didn't already with the pending news of Canadian expansion with two unkown LP's, one Big & one Small, IMO only.
Time will tell per usual.
Drake started from the bottom, but not with Canopy?Or did he?
I mean, technically Drake could have been invested in Canopy for many years now, he's a very business savvy guy, not just rapper / icon. So who really knows what his average cost is.
Anyway, on a 3 month & 6 month chart we can clearly see lower high after lower high, and this recent move may become just that, another lower high... The rsi is very overextended & it looks like an inverse H&S already played out there... But on the actual chart, it appears as though a Inverse H&S may still be forming, only time will tell I guess.
[HMMJ] HORIZONS MARIJUANA LIFE SCIENCES IDXThe Searching of a PotStockBottom ... HMMJ
The BigPicture
PriceLine Chart
RENKO
RSI+MFI
second view
third view
PriceLine Chart
RENKO
Laguerre PPO 4C
Is Namaste trading in a descending triangleI think so, I wouldn't be surprised to see this go much lower...
This could end up being a bull flag, but on a macro level is it really going to change much. I think Andrew Left exposed this company late last year & it has been a slow bleed ever since.
Time will tell per usual.
TNY Update.200 Day MA is only 26% away at the time of posting.
Tinley has broken out of a ascending triangle, look at the rsi as well, very telling of a possible trend reversal after creating lower highs for months consecutive. Now Tinley is creating higher highs & higher lows on a micro level consistently. If we do see a retracement of any sort, I'd like to see 46c hold, which is the top of the ascending triangle, and one of the recent lower highs of the continued downtrend is at that level.
On a smaller time frame & chart attached to this one you can notice a bull flag pattern that broke to the upside as well.
ACB in an Interesting SpotJust below the $4 resistance Aurora Cannabis could be a great buy considering it is one of the top stocks in the Cannabis industry. With a steep correction in the past couple years and talks of domestic legalization in the US I think this could be a very strong long term buy. NYSE:ACB
TNY Update. Possible Bull Flag.Unless Tinley breaks above 47c in the next few trading sessions we're basically just looking at another lower high.
There's clearly a possible bull flag pattern that may play out.
The RSI was at an all time low on "all time frames" recently, which is reflective of the aggressive bounce we had in the share price.
On the RSI I've made some notes that may indicate a trend reversal.
On a five day chart I'll post attached to this chart you can notice the RSI bounce off the top of what was once a descending triangle, this may indicate the trend is changing due to old resistance becoming new support.
Time will tell per usual.
TNY Update.Today's move is nice to see everyone, but we're still looking at a lower high on a macro level since Dec 2018.
That may not seem macro to some investors, which is fine, but it's still important to note in regards to charting. All information helps, especially in hindsight when trying to learn new trading methods, I guess I'm speaking for myself.
Anyway, a follow up news release may still be required to prevent the shorts from playing whack a mole.
For a meaningful higher low I'd say the safest area is above the Dec low, and that's where we have a recent lower high as well. If we can get up to 47c in the next few trading sessions it would be a nice V shape recovery.
Time will tell per usual.
TNY Chart.Just a bunch of lower highs since late April / May PP.
Anytime we've tried to get over the 200 Day MA since April, we've been knocked back down like whack a mole.
In order for Tinley to change this trend they're going to need some material news, very simple... Otherwise, it will be a slow bleed down into the single digits, IMO.
Let's not forget that the entire cannabis sector has been bleeding for months on end, and surprisingly TNY has held up nicely in comparison to many other much larger companies... But we can only pat ourselves on the back for so long....
Time will tell per usual
$APHA Looks To Have Bottomed$APHA is out today with a strong earnings report and the fundamentals point to the worst being over for the company.
Here are the highlights:
Cannabis products producer Aphria (NYSE:APHA) is up 22% premarket on light volume in reaction to its fiscal Q1 results released this morning. Highlights:
Revenue: $126.1M (+849%); adult-use cannabis revenue: $20M.
Kg equivalents sold: 5,969 (+7%). Average retail price per gram: $7.56 (-1%).
Net income: $16.4M (-23%); non-GAAP EBITDA: $1.0M (+125%).
600K plants being cultivated in Aphria One facility.
Fiscal 2020 guidance: Revenue: $650M - 700M (distribution revenue will represent slightly more than half); non-GAAP EBITDA: $88M - 95M.
We repeat, $APHA is profitable. Shares have a lot of room to make up on the upside.
As always, trade with caution and use protective stops.
Good luck to all!
OGI CRITICAL SUPPORT/RESISTANCE ZONEHello !
Here are my thoughts on the stock Organigram is at in its current market state. As you can see with the numerous weekly candle touches, this stock is at a critical zone. I believe a reversal would be most probable giving the RSI, MFI, and Stochastic RSI are all oversold and finding a nice bounce in this zone.
Not investment advice, just my idea ! :) happy trading !
Is APHA trading in a massive descending triangle?I hope not, but hope isn't a good investment strategy, and with the negative sentiment in the cannabis industry I wouldn't be surprised to see this get down to 1.10. This could be a giant bull flag as well, but I don't know were the buy pressure will come from in this sketchy market?
Time will tell per usual.
VFF - BOTTOM NEARSEEING SOME REALLY NICE CONFLUENCE TO MATCH A DECENT COUNT
THINK THE WHOLE SECTOR IS ABOUT TO BOTTOM. LOOKING FOR A SHIFT IN MY MOMENTUM INDICATORS AND A BREAK OF THE SMALLER PITCHFORK TO CONFIRM
$OGI Is A Top Cannabis Play$OGI looks to have bottomed after a very strong bounce on Friday. The $2.70 is a very strong support zone and one which investors can buy off of.
Many investors are looking for exposure to the cannabis space and now is a good time to look after the sector has been in a prolonged bear market.
OrganiGram Holdings Inc., through its subsidiaries, produces and sells dried cannabis and cannabis oil in Canada. It also offers wholesale shipping of cannabis plant cuttings, dried flowers, blends, pre-rolls, and cannabis oils to retailers and wholesalers. The company also exports its products. It sells its products online, as well as through phone orders. OrganiGram Holdings Inc. was founded in 2013 and is headquartered in Moncton, Canada.
As always, trade with caution and use protective stops.
Good luck to all!
Organigram: Strong long term buy opportunity.Despite Organigram Holdings Inc continuous 5 month sell-off, the stock has reached a point where there are 3 strong technical factors supporting the idea that a strong bounce may emerge.
1. The price hit the 4.15 1M Support which is holding since December 2018.
2. The price has almost made contact with the 1W MA200.
3. The RSI on the 1W chart is past 30.00, a point it last traded during October 2015 when it had an aggressive rise of +600%.
Now we are not suggesting that another +600% rise will emerge (that would bring the stock at $30) but we are at a point when adding OGI to your portfolio would be beneficial over the long term. We are looking towards a 11.30 target.
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TNY Bull Flag or another Descending Triangle. It looks like Tinley is trading in another descending triangle.
Maybe a bull flag as well, but the no news trend is likely to lead to the descending triangle playing out first.
Time will tell per usual.
Going long on Aurora Cannabis (ACB) (long term trade)2 bounces from the golden pocket zone for 100+% gains.... Will it bounce again?
I'd like to see it retake the golden pocket (those two gold lines), and ideally backtest off the .618
Targeting the .382 for TP1 at $6.30 (70% sell)
Targeting the .618 for TP2 at $7.84 (20% sell)
and look to retake the high at $10.32 (10% sell and close position)
Option for stop loss at below the last low wick at $3.69 or a much wider Stop below the .786 at ~ $2.84
The Searching of a NQNACE PotStocksBottom. . . the Beginning of "The Searching of a NQNACE PotStocksBottom" . . .
