Get started

Cannabisstocks

At Key Resistance After Small Run-up On Product AnticipationBroke a long, deep 6 month downtrend last week. With the announcement of their product stocking shelves on 8/06/19, I can see this cutting through .15 (key resistance) and head up to the.175 level short term. Volume is building, however today's spinning top ( which I believe it is) on the daily may sell us down slightly before legging up IMO. Plan... trading levels to Fibs and SMA... 200 day MA &.178... Average cost .143. Sell half of position @ .17... Stop .115...
OTC:GBLXLong
by BULL420
GROW Double BottomDowntrend over last few weeks may be over as todays bullish engulfing shows signs of reversal. Watch for break of 0.35 to confirm bull break from falling wedge. Close above 0.35 would also be a hammer on the weekly chart. Good buy right now with strong support at 0.30, price target at recent tops of 0.51, potentially higher with any good news releases. Upcoming catalysts include new contract signings, approval for use of technology on cannabis and more agro-industrial partnerships.
TSXV:GROWLong
by Unlikely-Bite
1
Last chance to buy TLRY sub $50!Update on TLRY. Please like/comment if you see value in this post. Thanks. My previous post/analysis/thought is still in tact ( ) I found that the current price action found the blue channel very well. Also, the bottom blue line in that channel is very compatible with the other part of the price chart. I still think any purchase within that green box would be a winner buy and this could be the last chance to buy TLRY below $50. The Fib Circles in green still plays very well. I expect to see another drop as we approach/pass the next green circle and in general I expect to see the price chart follow the channel in blue. ADX and DI looks very healthy and supportive too, the green line is above the red and DI looks like growing (getting more momentum). TLRY finds a good support on 50-day MA as well. Good luck.
NASDAQ:TLRY
by walekiller
CGC - Elliott Wave analysis - At a cross road6/29 - what could have been the beginning of the 3rd wave starting in mid April failed to materialize as price action headed into a descending triangle. Therefore I had to re-position the count of Wave 1 to April 30 - With the re-positioned count, we are currently in Wave 2 nearing the end of another descending triangle. If this holds true, we expect price to move up in a thrust to Wave 3. - Invalidation Point: $25.26 if Wave 2 retraces all of Wave 1, this count is no longer valid and we are likely in Wave (c) of a corrective cycle. - Confirmation Point: $80.23+ price breaks above the length of Wave 1 such that Wave 3 is not the shortest wave.
C
by dencor
3
Akerna $KERN Coming In That Buy Zone. Fresh IPO (kind of).Akerna coming into that buy zone. Stock IPOed (actually it was a SPAC) at around $11 after doing their last private placement at $10.21. As this is a recent IPO (of sorts) and a cannabis company, I expect this will eventually shake out at 2x the IPO price (around $20) so buy on dips. Why 2x IPO price? Look at high flyers Zoom $ZM, Beyond Meat $BYND, Crowdstrike $CRWD, all trading at about 2x IPO price, based on hype, growing markets, and sales growth. Akerna is Cloud + Payments + Cannabis. They have an ERP software for cannabis supply chain / growers / dispensaries. All the buzzwords. Not sure 100% if the company has a legit future (need to do more research), but certainly I think this thesis is enough to put it on your watchlist.
KLong
by behindthebid
TLRY Falling Wedge BreakoutDisclaimer: This is not financial advice, so buy at your own risk. I am a shareholder of TLRY for the first time as of a few days ago. I watched this stock IPO and blast off from $30 to over $300 and then quickly melt down just as fast. But now it rests on significant support at around $38.90 based on my technical analysis and I see it slightly broke out of the falling wedge too. I like to hear the opinions of others, regardless of if you agree or disagree. I would like to find more evidence to support or disprove my thesis here. Entry: $39 to $40 range Stop Loss: $35 (or maybe a bit lower so you are inside the channel?) Target: Who knows. Set a trailing stop loss and watch what happens.
NASDAQ:TLRYLong
by Copec
1
$XON Intrexon Corp Climbing Up The Charts$XON has been making a nice run up the charts lately. We don't think this run is over by far as there looks to be a lot of momentum behind $XON. There's also a gap higher that needs to be closed from $12.77 to $12.96 The stock is getting a boost today after announcing an exclusive wellness agreement with Surterra Wellness. The companies will join forces to advance Surterra's cannabinoid production at a reliable, efficient, cost-effective, industrial scale utilizing Intrexon's proprietary yeast fermentation platform. The $100 million deal, including milestones and royalties, will leverage each company's expertise to ultimately bring new cannabis products to market to meet growing, and more selective, future consumer demand, with greater supply chain security, in a more consistent, efficient and cost effective way. As always, trade with caution and use protective stops. Good luck to all!
XLong
by InsiderFinancial
I don't see any support until 51c! Double Top! And I don't think that dead cat bounce will hold if retested as a bottom. Nom Nom Nom..... Now we know why the last 3 Auditors left the company & they failed to report financials, they were ugly! On Friday, May 31, a solid two months later than initially required, they reported a sh!t show. Then the stock tanked 18% to trade 80% lower than the 52-week highs seen in September last year. 17c by 2020. After management attempts one last "pump" for edibles with a company that can't even spell chocolate properly, and was accused of scamming previous investors, c'mon. Time will tell per usual.
NShort
by ScotianBot