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Chronicle Logical GainsFound this beat up old emerald mine collecting dust. Time to keep those puffy eyes peeled for the imminent breakout. For starters there is a classic diverging MACD tilting upward into price decline. Now taking a look a volume it's clear where traders have come in before. More often then not these levels are reactive so could be a move coming. Should that break lead to the next rally then there is a nice 100% gain to be had at the target above In addition the weekly chart shows momentum starting to curl up and there is another level to mind
NASDAQ:TLRYLong
by trade-God
#SNDL Just a matter of TIME ⏱️ before jumping higher🔥 Keep calmHi All, my main 3 take-outs from this analysis are the following: 1- 0.59$ level confirms to be a strong support and the price is reacting well from there just now. 2- Moreover, this support level represents to me the neckline of a reversal head & shoulder, which has been broken on Dec 17th with huge volumes at the opening. And it looks like the price is trying a pullback just at the neckline. 3- The target f this technical pattern should be at around 0.65$ and I strongly believe that it might reach this level soon, confirming the completion of another pattern, which would be a double bottom (with the two bottoms being the one of Dec 6th and Dec 15th Not a financial advice, just personal opinion. Do your own due diligence and good luck!
NASDAQ:SNDLLong
by FrancescoMerlettini
4
#TLRY Price rebouncing from falling wedge support Hi All, my main 3 take-outs from this analysis are the following: 1- In the 4H timeframe the price found support at around 9$, which is also an area where the historical red trendline and the lower side of the big falling wedge crossed (light blue box!) 2- Inside the bigger falling wedge there is a smaller falling wedge which has been broken on the upside. There might possibly be a pullback on the downside, but I think that it is possible an upward movement of at least 25%, which is the target of the small falling wedge, at around 11.3$ 3- If we are able to reach the 11.3$, at that point, by the end of January we might be seeing the price trying to breakout the bigger falling wedge with a big up move, which should support the price staying above the red trendline and continue is uptrend outside the big falling wedge Not a financial advice, just personal opinion. Do your own due diligence and good luck!
NASDAQ:TLRYLong
by FrancescoMerlettini
$TLRY sniper edition #6*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: On October 21, 2021 My team entered $TLRY at $11.56 per share. We increased our position on October 29, 2021 at $10.30 per share. My team averaged down on our position today at $9.50 per share bringing our share average down to $10.45. We have also updated our take profits. OUR FIRST ENTRY: $11.56 OUR 2ND ENTRY: $10.30 OUR 3RD ENTRY: $9.50 TAKE PROFIT 1: $15.30 TAKE PROFIT 2: $29.0 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:TLRYLong
by SimplyShowMeTheMoney
13
#SNDL - The story might be repeating again...Hi All, my main 3 take-outs from this analysis are the following: 1- Price is moving as per historical recent moves 2- Price is still within the falling wedge and should see a breakout (hopefully upwards) prior getting to the apex. But it might take still some time 3- By tday and tomorrow we might possibly see a rebounce from the 0.66-0.65$ levels, as also shown in the past. Not a financial advice, just personal opinion. Do your own due diligence and good luck!
NASDAQ:SNDLLong
by FrancescoMerlettini
Canopy Growth Corp - General Cannabis RunHey looks like CGC, TLRY, ACB and the WEED etf's are starting their general cannabis run. Canopy has come down to it's lows and might be looking to takeoff here, rsi weekly is starting to inflect and macd is crossing over this could run for a long time several months possibly back to 50$ area. Lower time frames are overbought so might see some red to start the week next week. A buy price of 13.00$ would't be too bad. Also check out EDEN.CN on the Canadian Securities Exchange: Eden Empire is a new player in the cannabis space in Canada and the U.S, they are starting grow operations and have chain of dispensaries and are growing and expanding fast! Other's to check out are mentioned above CGC, TLRY, ACB and the WEED etf's. ca.finance.yahoo.com ca.finance.yahoo.com
NASDAQ:CGCLong
by UnknownUnicorn12070690
2
Is weed ever going to be a good invesment??This ETF is one that I know is actively managed and obviously no one knows when exactly is the right time to invest but we are nearing a support level and also the 786 fib retrace.. I am watching MSOS closely because as time goes, I would like to have a position in the space if buyers come in. I just dont know when is the right time.. perhaps watching this downward channel for a break? Maybe slowly adding on drops? You decide. Happy trading.
AMEX:MSOS
by ChartFood
4
$TLRY the og sniper*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: On 10/22/21 My team entered $TLRY at $11.56 per share. We still plan to take profit at $29 per share, but just for laughs we have added a new exit for $TLRY at $145 per share. My team increased our position at $10.30 per share on 10/29/21. Their next earnings report is expected to be released 11/8-11/12. ENTRY: $11.56 TAKE PROFIT: $29.00 MEME STOCK ABSURDNESS: $145 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:TLRYLong
by SimplyShowMeTheMoney
11
$TLRY girl scout sniper*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* $TLRY and other cannabis related stocks have finally broken out of bearish territory. My team doesn't expect this brewing bullish momentum to slow down any time soon, especially with loosening regulation around the corner. My team entered $TLRY today at $11.56 per share and plan to take profit at $29. Their next earnings report is expected to be released 11/8-11/12. ENTRY: $11.56 TAKE PROFIT: $29.00 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:TLRYLong
by SimplyShowMeTheMoney
TLRY TimeAnother beautiful, long Falling Wedge on TLRY here since around March. After that huge run from TLRY, there was much selling and bearish divergence on the chart from being so overbought. The run up left many gaps in the chart and they needed to be filled before TLRY could even think of going for another run. Bullish divergence seen on the RSI, RSI value is making higher highs while the price continues to make lower lows, meaning some bullish divergence. Also coupled with the MACD cross today, I think this could be the start of a nice reversal for TLRY. Has consistently used the fib retracement levels for support and resistance, so if we target the 236 fib level at around 20-22 dollars, that would give us an 80% return on our investment. However, just looking at the closer resistances, for the short term I would target first resistance at around 12-12.5, and then at around 14, then up to 16-17 $. GAPS: There were many gaps in the chart due to the run up in Jan - Feb which needed to be filled, the last of which were at 9.6 - 10.5. We did not COMPLETELY fill the gap so be careful about that, only a partial gap fill. SUPPORTS: I would be looking back to the trendline which acted as a bounce for this recent run today. Around 10$, then I would look at 9$ as the next support level after the gap fill. RESISTANCE: $12 - $12.5 $14 200 SMA at $14.70
NASDAQ:TLRYLong
by GringoRiley
1
Weed Sector Capitulation and Accumulation (MJ) What's going on with weed stocks?? There are justifiable claims that some of these companies could still be overvalued. However, despite declining price, On-Balance Volume remains relatively high compared to what we saw during the last major downward swing between March 2019 and March 2020. This could signal accumulation. Additionally, the UO (ultimate oscillator - red) shows a bullish divergence on the daily chart. People who own weed stocks know they need to be patient. The more capital and wealth one has, the easier it is to be patient. This drives accumulation by wealthy entities. I've noticed signs of emotional capitulation by retail weed stock owners. Sentiment is truly awful. Meanwhile, price is just barely sitting on a major horizontal support level. Interestingly, MJ didn't start to truly bounce from the 2020 lows until Bitcoin started to make its rally towards all-time high last fall. Does the weed sector follow once more? Below here, and the next support isn't really until around $10, so I see this as a pretty fearful moment in this sector. If it gets down to those lower levels, perhaps I'll purchase more. I'm not really in any hurry. Even in a financial crisis, weed will not lose demand. In fact, as mental health issues increase, so do coping strategies such as smoking/using weed. The weed industry also involves the stable price of a good. Goods and services won't go anywhere in a financial crisis. Weed is a particular kind of resource, so I think it will trade differently. This is part of my reasoning behind my own accumulation. I guess we'll see! If MJ can bounce hard from these levels, I think it can complete a longer term accumulation process and begin to exit the trading range. This is not financial advice. This is purely for speculative and entertainment purposes. -Victor Cobra
AMEX:MJLong
by VictorCobra
3
Looking for a bounceDaily RSI at historic Oversold bounce levels. Almost as beat up as the covid crash right now. In the past we have bounced 25%-80%+ when bouncing off this level of Oversold conditions. There is also a gap on the daily now above at these extreme conditions that needs to be filled Also in a buy/support zone on the daily Weekly Oversold 4HR at historic Oversold bounce levels 1HR at historic Oversold bounce levels Daily looking to like a potential falling wedge, at price support/buy zone, at historic oversold levels with now a daily gap above to fill. A lot of confluence and the stars aligning for a good multi-day/weekly bounce out of OS conditions
NASDAQ:CGCLong
by Natestradamus