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Marijuanastocks

BAMM - Great Momentum, Flagging before next Push CSE:BAMM OTC:BMMJ Body and Mind closed friday with a doji candle, possibly signalling a short pause before advancing. We have kept daily higher lows intact since March 19th, consolidating on the hourly as we advance. The weekly chart looks very strong with increasing price, increasing volume, big green bars closing at or close to the high. However I would expect to see a bit of a weekly flag before pushing into the $1.00 range. Meaning we could see this first week of April, trade sideways in the 90c to 98c range before we push higher. This would be completely healthy and will be a good chance to accumulate below a dollar before we push higher. On Thursday we had a bullish cross of the 50day SMA over the 100day SMA and have two very strong up-trend lines that we can play off of in the coming days. The RSI is a little heated right now being that we have been over 70 for the last 6 trading days, thought for reference VFF (Village Farms) spent almost 2 complete months over 70 and only half of that period was in "blue sky breakout" so this indicator is not to be solely relied on. We have been hugging the top of the bollinger band for two weeks (11 trading days) now, so a bit of sideways action will help cool this indicator off as well. Volume has peaked a couple times but is sustaining above 350k which is double the 50 day average volume. Resistance 98c and $1.00 will be our next two resistances, based off the Level 2 (market depth) data there have been some sell blocks posted there for a couple weeks now, should not be a big concern given the momentum but id expect a pause around there to chew through them. after that there is not to much up to $1.11 and $1.20 which is our 52 week high Support 91c and 92c are our last two daily higher lows, holding those as we go sideways will be strong. 85c is our critical support to hold now on any daily consolidation that could potentially take place This stock has plenty of strength and can see it moving higher before any medium term consolidation takes place. Volume has peaked a couple times but is sustaining above 350k which is double the 50 day average volume.
CSE:BAMMLong
by justin_paul
5
Cheech n Chong says Sym TriangleDrawn out a few outcomes on this chart sym triangles can break either way its at the top of a run so it looks bullish to me but it also is coming up on the resistance marker of the previous run in October and has yet to make a higher high from that run.... so TECHNICALLY is bearish. either way heres a few trend lines and support/resistance markers for you all. Green is Bearish target with an extended target to the bottom the trend line... Red is Bullish target of the triangle which breaks the trend of the LOCAL high and could retest the large upper trend line at a later date. Best of luck traders hope this helps some of you :) Comment, Like, and discuss can only get better if you all challenge my thoughts/ideas.
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by CryptoLeroy
Is WAYL ever gonna break out of this falling wedge ?It seems that from the time it reached ATH, it's been in a giant falling wedge. Even clearer on the monthly: Is this stock going to continue falling ? Or is this a good buy opportunity ? From what I know of this company, it's had it's fair share (pun intended) of drama. Insider selling, lawsuits threats, twitter arguments between the CEO Ben Ward and Equity Guru. (highenergytrading.com) Honestly I have not followed the stock much since it switched from Maricann to Wayland Group. I still hold a small position though, and I sold and bought from time to time without paying much attention to the longer timeframe charts. What I do know, is that the weekly chart just bounced on 0,87$, creating a double bottom and a good place to put a stop loss. The 1$ price level will probably offer resistance and right now the stock seems to be hesitating as to which way it'll go. This seems to be in line with the Cannabis Sector, which has been in an EQ for the past few weeks. For those who hold the bag (like me), there might be a good opportunity to average down if 0,87$ continue acting as support. But what I really what to see, is a weekly close above the falling wedge, and increasing volume that might signal a trend change and give back confidence to investors.
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by The_Agent_K
Will Aurora Cannabis Reach ATH soon ?The volume was quite impressive last week, smashing through the 8$ resistance and closing very strong above the pink trend line. What's interesting about this trend line is that you can extend it back 2 years when the price was under 1$ and it's been tested again and again, acting both as support and resistance. Next weeks we might see some follow through with resistance around the 10$, 11$ and 12$ levels, but more importantly the all time high is in sight. I don't know what's driving this surge for the past 2 weeks and I must admit I'm a bit skeptical. If for some reason there's a pullback that bounces on the pink trend line, it could be a good opportunity to make an entry. Other than that, I'll be careful as this stock and this sector can drop quickly, so this chart is more to help look for an area where buying could happen IF there's a sudden drop.
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by The_Agent_K
3