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WEED - euphoric rally spike.Hi, This is what happened after the last euphoric rally in tilray. I was just learning to trade, and was hyper optimistic on the weed sector with recent state level legalizations sure to drive the market. I rode tilray down way too many slow slides as I learned the market cycles. This peak will be no different. Im excited to see how closely it tracks the previous pattern, and when it breaks out, which way it goes! Hopefully up! Be careful trading in the high risk parts of the market cycle... better to be patient for when the surf is up than to loose all your credits swimming around in the chop. :) Good Luck!
NASDAQ:TLRY
by DHLawrence
3
GrowGenerationThe Giant has awaken!!!GrowGeneration you have my attention!! $53 is a key level. I want it to break. There is so much hype in Marijuana stocks right now that Wall Street will short it after this mini bull run. This company is in its prime and showing alot of strength. The debt to asset is 19.64% I love it!! Quarter earnings have been nothing but good. Cash Flow is nothing but a uptrend. Balance sheet uptrend. Income statements pure uptrend. Seems to have all there ducks in order for legalization. I expect 1 more dip and we will be there to buy. Im hoping for this head and shoulders pattern to get a better dip. They belong to a ETF $CNBS which is good
NASDAQ:GRWG
by FreshfadeIsh
1
Corrections in the Cannabis Markets (YOLO / TCHX)If you are betting on teh weed stonks like me, we are having a rough day. Everything has been running hot this week, so I'm expecting these downspikes to bounce off of support points from earlier in the week. Keep hodl on these for long term. This fall Connecticut is likely to vote in legalization. New Mexico, New York, Rhode Island and Virginia also have legalization measures on the ballot. www.marijuanamoment.net We're extremely likely to see more legalization in more states over the next few years. Cannabis legalization is polling higher than minimum wage increases: www.marijuanamoment.net
NASDAQ:CGCLong
by LittleBeeefy
2
MJ...no not Michael Jordan! Call!Sorry, in class and can't give full analysis. Everyone likes weed. COVID sucks, and I just saved a bunch of money on my car insurance by switching to geico.... Strike Price: $33.40 Price should test the new resistance zone. Which was an all time high a few years ago. We see where the world is today...I think it'll surpass the resistance. Unfortunately, my contract expired 2/19.... lmk what you think? like, follow, agree, disagree? -Amatuer Robinhood Trader
AMEX:MJLong
by Redimere_91
[ACB] Up Up and AWAY... Really Hopin' for It to Stone Though!Wow ACB is still really undervalued here. Gravity still strong, for good reason too, TLRY/APHA is crushin the game right now with CGC not far behind. Really hopin for this competitive pressure to keep the lid on prices and maybe even drop it back down, most likely value pickup here although there's a lot of great players on the scene right now. CLVR is my new Value Sweatheart... get it while the gettins good. It's about to join the Green Gold Rush here. It's drug dealin though, plenty of room of ACB to thrive although even OGI lookin to take it's place in the rankings. Had a lot of great FOMO runs with this stock, should be plenty more ahead!
ALong
by ProfitHarvest
8
Canopy WeedCanopy is retracing downward to find support. This is too textbook not to hypothesize about. I just had to do it, too many things are aligned. 1. We can see the market structure (and respect) in the demand zone. (i.e. arrows) Support & Resistance. 2. There is also alignment with 1.0 and 1.618 Fibonacci extensions. 3. This is all respected with a bullish and bearish trend line. I know a lot of people would buy the demand zone but I like to take the low-risk approach and buy the breakout instead, thereby I will also verify my hypothesis, though only after waiting to verify that the breakout level is respected. Thereafter I would probably hold, only to sell at 63-64 CAD (where there is a 1.618 Fibonacci extension of the greater trend) Happy trading.
TSX:WEEDLong
by Seriouz
Bullish news for the cannabis industry.Yesterday’s announcement of a movement towards cannabis legislation has been the best news for the industry since the listing of cannabis stocks. The THCX fund is newer and has a lower market cap then the MJ ETF, it also trades at a lower price making an attractive buy for retail investors. It’s holdings are: APHA Aphria Inc 8.95% 603437 TLRY Tilray Inc 7.83% 333051 CGC Canopy Growth Corp 6.94% 172783 GRW. GROW GENERATION 6.44% 129468 GWPH. GW Pharmaceuticals P 6.16% 32626 VFF Village Farms Intern 5.96% 476411 CRON Cronos Group Inc 5.63% 514377 AMRS Amyris Inc 4.68% 444447 HYFM HYDROFARM 4.67% 62020 Technically speaking, yesterday surge In volume along with positive news is driving the stock higher. If we manage to have a positive close 1/4/21 this could be the start of accumulation, and a move to complete the rounded bottom and test the IPO price, here a cup and handle, or a continuation of the uptrend do to social media, new retail investors, hype, super positive outlook could form. Holding shares
TLong
by Yoimdop3