Speculative marijuanna play1: Recent IPO with good volume
2: Most Weed companies are basing in support
3: We have a daily engulfing candle
Taking a long tomorrow
Marijuanastocks
Inverse Head & Shoulder?RSI is trading in what seems like a ascending triangle as well.
Interesting.
TNY Update. RSI is low on a 1 year chart.This is the same chart as my previous, just zoomed out on a 1 year time frame to give a better Macro picture.
What appeared to be a descending triangle on a smaller time frame in the chart linked to this post, still visible on the 1 year chart as well, was exactly that.
Now it appears TNY is getting ready to break through this "potential" Ascending Triangle & create a new higher low! Some news would help, and these are "some" of the "potential" news releases to be expected in the upcoming days, weeks or months ahead.
-LB Licensing
-Nevada Partnership
-Phase 2 equipment moving to Nevada
-Co-packing Clients (2 done, 6 in negotiation, and likely more coming)
-Expansion of LB with new bottling lines because of too many co-packing clients
-Canadian LP partners
Time will tell per usual.
How I am allocating my weed stock portfolio - SMG and MDCLSome quick commentary on which Marijuana stocks I am bullish on and which ones I am avoiding.
DCGD New Highs - What's The Next Catalyst?Justin has been busy getting appointed to other companies like MCTC and IGNG . Meanwhile, DCGD has added to its advisory board. But what comes next? New highs again today. Will there be a capital raise at any point? Interested to see the next quarterly filings.
From Money Making Penny Stocks: One Is Up Over 21,000% This Quarter
"This Has Been One Of The Best Penny Stocks of 2019 And PennyStocks.com Was All Over It! Back in July was when it first caught out attention. At the time, DCGD stock was trading around $0.07. A few days prior to that it was trading at $0.01. This week, DCGD broke the $2.15 mark. That makes a run of more than 21,000% from $0.01. And it wasn’t like the move was made on tiny trading volume either."
Good points across the board in that piece .
CWEB Trade Set Up! Hello Traders!
Today’s chart will be on CHARLOTTES WEB HOLDINGS, a pot stock to keeps your eyes on!
Points to consider,
- Overall trend bullish
- Price respecting upwards trend line
- Bulls testing major resistance
- RSI respecting downwards trend line
- Stocks showing downwards momentum
- EMA’s providing price support but looks weak
- Very low volume
CWEB chart is very clear at current given time; shows us exactly what key levels to watch for the bulls and bears. The trend has been putting in lower highs over the couple months, with price now testing resistance, gives us a good trading set up!
The RSI is respecting the downwards trend line as the stochs continue to show downwards momentum. It’s important to consider that the volume is very low at given time, as when we see a breakout, it is expected that volume will increase drastically.
If bulls are capable of breaking local resistance, we can witness gains of up to 20% and vice versa if bears are able to break upwards trend line…
What are your thoughts on CWEB? Will it break bearish or continue its bullish momentum?
Please leave and like and comment,
And remember,
“You never know what kind of setup market will present to you; your objective should be to find opportunity where risk reward ratio is best.” ― Jaymin Shah
Aurora Cannabis. (ACB) Time to Start Buying?! Hey guys. So I have always been a fan of marijuana stocks and who can love trading the devils lettuce, but not trade ACB!?
Over the summer we had a big sell off in the sector, but that was expected after the run we had that winter. The market is starting to catch some support and we are seeing more consistent green days for the green good. At this point in time you could do one of two things... you could wait it out, or what I personally do for longer term investments.. Start accumulating. We could bleed a little more, but to be honest... I dont see it falling much more. Another option for people who prefer less risk exposure could be to wait for earnings. Earnings is only a few weeks away and should provide a significant outlook for Auroras future.
TNY updare.So, since the last time I posted a chart on TNY we were trading in descending triangle that broke to the downside on a "short term time frame." I had mentioned that the pattern could also be a bull flag , but that was not the case.
It is interesting however to see Tinley get back up to the 56c level where there seems to be historic support dating back to Aug 2018.
I can speculate all I want about where the share price may be in the future, but only time will tell per usual.
When Will The Bleeding End For NBEV?This has gone from Prom king to drop out real quick. I think a lot may have had to do with expectations built up over time but at the end of the day, who really knows? Let's hope that October is better to them than other months considering what's set to happen in the industry in Canada.
"Clearly, the hype from the deal has proved to be nothing more than that; hype. Right now investors might also feel that the company vastly overstated their capabilities. The question now is will NBEV stock continue its slide or can it recover before the end of the year?"
Original Article: Penny Stocks To Buy Or Sell: New Age Beverages (NBEV)
Is The News Enough for KGKG?KGKG came back from the dead today but is that news going to be enough to keep the trend going next week?
"The company announced distribution through 15 new distributors in 14 states. The deal will see Kona Gold’s hemp energy drinks and CBD waters go on sale in new markets. The company is now partnered with 31 distributors and has distribution in 30 states. Chris Selinger, V.P. of Sales of Kona Gold Solutions, Inc. said, “With the opening of our South Carolina distribution center, we will have the capability and capacity to service our growing distributor network.”
From 5 Penny Stocks To Buy Or Sell Next Week? - on PennyStocks.com
AGRA AGFAF AgraFlora OrganicsThe chart speaks for itself
Reversal soon
-bullish divergence
-trading in fractals identical to previous price
Double Bottom?Is Curaleaf going to shake off the FUD from the FDA & continue crush the U.S market.
I think so, although they may have stepped over some boundaries with promotion / labeling & making claims on some of their cbd products, it doesn't change the position they have in the U.S with distribution.
It looks like CURA may have found a double bottom?
Time will tell per usual.
Is a bottom near for Canopy Growth Corp?Did Canopy create a double top, or is the stock going to create a Macro higher low & stick in a bottom tmrw or sometime right away next week?? If Canopy doesn't take control of the market tmrw with some big news to offset the market sentiment than don't look down, in my humble opinion which is only worth a grain of sea salt from...….
Time will tell per usual.
VIDA heading back past 50 cents and then ?Watch for a break out here next week. I think we could see a break up past 40 cents soon and into that 50 cent range. After that we could really start to move back up. VIDA has recently done some good partnerships that will help on the fundamental side.
ACB Trendline Bounce TradeACB appears to be in a good buy spot here- This stock along with many of the marijuana names have been beaten up in the last few weeks/months.
The price is on/near the diagonal bullish trendline it has respected for a long period. Although it is not the strongest of trendlines with only 3 real bounces. I do think the risk meets tbe reward here.
Im looking at a trade just under 5:1.
Close any weekly candle close below the trendline. Take profit at the moving average. If it breaks the moving average in a strong way I will update my price targets.
Happy Trading :)
Namaste tech is on a downward spiral to 18 cents support targetMaking channels using log view
Namaste tech is going down to 18 cents most likely, and then you can expect a 20% - 30% bounce
Buy order at 18 cents and take profit at 23 cents.
Thats how I would play it off.
