Mass Roots: MSRT operates a technology platform for cannabisMass Roots operates a technology platform for the medical cannabis community in the United States. Its platform enables users to share their cannabis content, follow their favorite dispensaries, and stay connected with the legalization movement. The company's MassRoots network is accessible as a free mobile application through the Apple App Store, the Amazon App Store, and the Google Play Marketplace. It also operates massroots.com a business and adverting portal that enable companies can edit their profiles, distribute information to users, and view analytics, such as impressions, views and clicks.
Weed
Weed - RSI Overbought, hitting previous resistance at $65Weed - RSI Overbought, hitting previous resistance at $65. I was wrong with my short at $58 level. Short interest went up 4x from jan 1-16th, shortdata.ca. Earnings is Feb 14th, so I am on sidelines and will wait post ER. If spy breaks over 270 next week, weed can go higher! FOMC is Jan 30th. Holding $TGOD shares from 2.99. Safe trading!
WEED.TO Bullflag triple top on daily +60 = breakoutWEED.TO has been running on positive sentiments and news of hemp production in New York. They are currently holding strong in a consolidation pattern.
A bull flag will be completed if it runs passed 60 with any amount of decent volume. Buyers are not letting up and they're not letting go of any shares.
If 60 doesn't break it will retrace and retest 54-55 levels.
Let's see what happens
200 shares if it runs passed 60 with any good volume.
*Any idea listed here is just my opinion of what I plan to do and not trading advice.*
Weed - Hit .618 Fib level, pull back on 4 hour chart to $55Weed - Hit .618 Fib level, pull back for higher low. Look for back test $54.62 on 4 hour chart as support. RSI overbought, good news about hemp facility in NY. I will wait for support level to buy more shares. Picked up some TGOD for long hold last week at $2.99. Good luck!
LIHT PULLBACK/CONSOLIDATIONCan't go up forever without some sort of consolidation around these price levels. Looking for a healthy correction to around the 0.618 fib and then hopefully more movement upward. The fundamentals look strong and the price/share will start to look more and more undervalued as the winter months drag on.
Weed | Pullback Imminent & Consolidation Canopy Growth Corp. has been ascending on descending volume . That is a bearish sentiment.
This bull run will come to an end shortly and a more bearish sentiment will take form.
The chart follows the bearish sentiment that is seen across the market.
Could #Tilray | $TLRY see a #DoubleTop or Better?!? [READ NOW]Could #Tilray | $TLRY see a #DoubleTop or Better?!? Only TIME will tell...
Whats Do You Guys Think Next?m Honestly ot sure i sold at 64 last run when i said load up in my post nad made bak then i had a huge position again at 39 when it comes down and sold at 46.... m thinking maybe 48 because of constellation brands price purchasing it at $48
Perhaps there is A Little Bit More Upside for #Tilray | $TLRY!Perhaps there is A Little Bit More Upside for #Tilray | $TLRY!
Canopy Growth Corp. | Bearish SentimentCanopy Growth Corp. has been ascending on descending volume. That is a bearish sentiment.
This bull run will come to an end shortly and a more bearish sentiment will take form.
The chart follows the bearish sentiment that is seen across the market.
CGC/WEED bulls deserve congratulations!I missed this entire move as I've been busy with other life obligations, but no FOMO! This size of this bounce tells me the temporary bottom is in and I'll be looking for an entry in the coming weeks after a healthy pullback so I can join the party and take part in some MJ profit fun!
$weed looking for pull back on daily chart , RSI OB, Fib level$weed looking for pull back on daily chart , RSI OB, Fib level closed right around .382 level or $50.80. Looking for consolidation and higher low, volume is not bullish and $spy is hitting resistance at $259. Tech Earnings next will set market direction. *own canopy shares, $nbev calls and bought $pyx feb calls friday. Shortdata.ca for short interest information. Good luck, happy trading!
MEDICAL MARIJUANA SHORT (MJNA)Okay so this is uncharted territory for me. The pot-head market seems very bearish but it has gone through its fair share of market cycles. Prices might just edge a bit higher in order for them to test the upper channel resistance, but i would advise traders to open a short position at the break of the short-term bullish trendline which i drew in the descending channel.
MEDICAL MARIJUANA SHORTOkay this is uncharted territory for me. But it looks like the marijuana market is in a large sell-off. I expect prices to go up a little and retrace downwards. A short position may be opened when the price breaks the bullish trendline in the descending channel.
TLRY Tilray Bullish Signal- CANNABIS STOCK IG: @BULLRINGANALYSIS
Tlry is a very interesting pick here. Early stages of company growth but, descending triangle pattern is meeting major resistance level. Bullish signal from this pick, but could be interesting to see what happens at this intersection point. RSI is also in interesting position for growth as well.
not financial advice
ITHUF (iAnthus) Pump coming ahead?- CANNABIS STOCKIG: @BULLRINGANALYSIS
seeing channel breakouts over the past few trading months
RSI is is good position for forward growth in the short term
we can see this price drop to it's second support level (upward trending), and then possibly bullish movement
Increase in adoption as legalization increases in early 2019. Analyst EPS estimate increase in future
not financial advice
Time for a bounce! CANOPY GROWTH CORPORATION NYSE: CGC WEEDSTOCK
Canopy had a masSive sell of in the recent weeks and its time for a bounce. RSI is oversold and pointing up. Not a trading advice!
Looking for a short-term bounce from these levels
#cgc #canopygrowth #weed #weedstocks
HAPPY TRADING!
Quick Opportunity for a short-term upside for HEXO (HYYDF) WEEDWaves might not be perfect but HEXO ( HYYDF ) is due for a pullback. Watch price go up on Wednesday and it will do so in 5 wave pattern. Looking hit $5.00. VERY RISKY trade but could pay off. Not looking to see a major upswing so be cautious. Not a trading advice, only analysis. RSI is oversold on Daily and Hourly charts so time for it to go up.
Happy Trading!
#weed #marijuana #HEXO # WEED #CGC #TLRY
Wait for a better priceGood day folks,
Aurora Cannabis has been on a wild ride. There is support at $6.00 and it is likely to be tested again. If this support doesn’t hold, it could go back to breakout price or $4.00. I prefer not to mention the large support at $2.00 as it would be a complete catastrophe for the stock imo, however I would load big time at this price.
Until the stock becomes a defensive one, I think its price will consolidate, making up and down, between $4.00 and $8.00. After all, we are heading into recession.
Merry Christmas to all!
SMOKE BUBBLE ABOUT TO BEGIN?Beeing smart money has never been so obvious as with weed. I was traveling in canada and north america a couple of years ago and I noticed that a lot of "normal people" had stuff to roll a joint at home and the first non medical shops for weed were opening. It was so obvious that it was the right moment to put some money there.
If we look at canopy is actually heavily correcting. In the log chart is approaching the support of the channel growth (show later). I don't think that it will hold also considering the bearish context of the stock market.
The break of the trend could represent the bear trap that we want to see before the true beginn of the bubble.
Let see in a couple of month were is the situation but it could be again time to the take a couple drags.
BIO
The weed has been smokedGood day folks,
WEED was on fire until marijuana was legalized in Canada. It has since lost almost half of its value. More I look at the chart, more it reminds me of the S&P, but with just more volatility.
I think the selling is not over and that WEED will eventually test the support at 32. Then go back up to make a right shoulder around 40 and fall further to the psychological support at 20.
Thank you,
NBEV Short play, 6.95 to 5.7 area. Fibs, sup/res, even circlesI might lose a few people on this, but I'm running an experiment to show that there is definitely something weirdly accurate specifically about the "timing of swings/big moves" when using Fib Circles if you use them correctly. Area's of interest I color-coded in TEAL or PINK. You can see this circle was simply drawn from a major low to a major high on a high timeframe. Right as we reach the .382 retracement level on the Fib retracement tool, we're also overbought and hitting a Fib circle level.
This is experimental, (I get backlash whenever I suggest there can be ANYTHING to be learned from uncommon fib tools), but I'm demonstrating how Fib Circles can be used. If I'm right there should be a big move up or down (10% or more, I'm betting down) within 1-2 candles max of crossing the current Fib circle level. Let's see what happens.
