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Canabis

The big "Legalize It"Fundamentals: + Weed + Established pharma and re-creational contacts. + Key moment for the "Legalize it" movement Opinion: Cron and Aurora canabis are the main names in the publicly traded cannabis's industry. As governments attempt to fight inflation while walking the recession line, it becomes a "Win-Win" for legalization and governments. A number of countries still have restrictions on cannabis but whilst fighting inflation and hunting for taxable income, the next 24 months may prove to be the most legaly accommodating towards this new industry. This week Thailand made the move. The idea is that they wont be the last! #Long Notes on how I personally use my charts/NFA: Each level L1-L3 and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic. Just my personal way of using this. This is not intended or made to constitute any financial advice. This is not intended or made to constitute any financial advice. FED Macro Situation Consideration: All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over. NOT INVESTMENT ADVICE I am not a financial advisor. The Content in this TradingView Idea is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained within this idea constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.
NASDAQ:CRONLong
by TheBitcoinGeneration
1
Please don't waste more time or money. ...ACB Hello, I did this analysis because I am losing 50% of my entire portfolio at the moment with ACB, my opinion is that ACB has no future. its graph is very bad. it is very sensitive to financial markets. freaks out over very little things or nothing. Every resistance breaks it no matter what happens. The last time one day before the earnigs reports hit the bearish resistance and fell back. Edge funds knew about this and they put massive short orders just like they did with GME now they break every support or resistance, no matter how good the news is, it always ends up falling. Financially, ACB is the worst company among all in its sector. It has the largest debt of all and each time its net profits are smaller, also the money is spent to acquire more things when the business does not even have a profit. smaller and smaller earnings. growing debt. Financially it is rubbish. I hope people can get out of this company as quickly as they can and don't lose all their money. have a good day
AShort
by xiguacmanuel
8
tradingview is a bitch making me re-write all this shitIndications & Patterns Monthly TF - Descending Wedge formed and being tested - EMA21 being tested with ATH volume Weekly TF - Heavily tested EMA21 and SMA50 broken and have crossed - SMA100 now being tested - Leaplong downtrend line forming descending triangle with fib 0 - Bullish Div on Sqzmom Daily TF - Bear div w/ possible hidden bull div on MacZ - SMA200 crossed EMA21, SMA50 and now close to SMA100 2hr TF - EMA21 transitioning to downtrend Fundamentals - Medical Cannabis Sector (Biden) - Sector leaders such as AXIM,ZYNE,OWCP have increased 100%+ since Feb, but before the recent red days. ARTL has lower market cap then them, they have increased 200%+ since Feb - "Authorized Shares of Common Stock from 18,750,000 to 750,000,000." Dec.12 - "Equity Incentive plan from 2018 recently passed by SEC" Dec.16 - Share Float - 45% - 37% held by investors, 18% by shareholders - Short volume .20 - Short float - 14% Verdict - Sideways, or even downtrend for the coming weeks, followed by a pump to $6.5 area to fill gap down
NASDAQ:ARTL
by TBirben
SNDL Lots of BullI know I basically just posted my position shorting this one at 1.9, but after reading around I'm the only bear around. I love this company so nevermind, look at all those bull signs. I'm setting a stop loss at 1.85 when it hits 1.9. Hopefully it doesn't touch, and blows out into open waters. If it nestles above the resistance tomorrow I'm buying regardless if my stop loss went off or not. My biggest concern is that MACD is already up there, but I think it might consolidate above $2.
NASDAQ:SNDLLong
by LemonKing
4
$HITIF High Tide Fundamental AnalysisI'd like to start by saying this is a very speculative play on the cannabis space. High Tide (HITIF) manufactures and sells cannabis accessories. That being the fundamentals along with the chart setup give me confidence that the risk is well worth the potential reward. Let's jump into the numbers. Last quarter HITIF posted just under $17 million (USD) in sales, a 172% increase over the same quarter a year ago and over a 1000% increase over the same quarter 2 years ago. 2 quarters ago they posted their first positive EBITDA quarter at $1.4 million USD. Last quarter they posted their first profitable quarter at $3.1 million USD. Last quarter was their 8th straight quarter of sales growth. This gives me confidence that they can continue to grow into the future. Considering the valuations of other companies in the cannabis space I cannot comprehend how this stock is under a $60 million valuation. To put that in perspective if HITIF stock were to go up 10,000% it would have just over half the market cap of Canopy Growth (CGC). CGC last quarter had $101.5 million in sales with 75% YoY growth. That's 6x the sales of HITIF but 175x the market cap. If you do the math that comes out to about a 29x premium for CGC which seems like insanity to me even if you factor in their partnership with Constellation Brands (STZ). Now, I am fully aware that this is not exactly an apples to apples comparison considering CGC is a cannabis producer and distributor while HITIF sells accessories, but to me this is an incredible opportunity to make smart investment in a little known company.
HLong
by ckornhauser121
1
VFF Village Farms International 100% Cannabis potentialVillage Farms International is one of the more interesting small-cap cannabis companies on the market. It has only 335.252M Market Capitalization, and makes a small profit every year. Even though the P/E ratio is huge, 190.66, they don`t have debt like most of the cannabis related companies, because it`s being one of the most cost-effective growers on the market. A big reason for that has to do with Pure Sunfarms, a highly efficient cultivation operation in which Village Farms owns a majority stake. Total cannabis cultivation costs came in at $0.64 per gram for its first fiscal quarter, a massive improvement from the $1.04 per gram seen in Q1 2019. On July 8th Village Farms Expanded To The Netherlands, Partnering With DutchCanGrow. DCG expects to become one of 10 licensed cannabis growers within the country once the Dutch government allows the first legal recreational cannabis market in Europe. Dutch regulators have allowed a limited number of companies to cultivate cannabis and supply coffee shops in the country legally. On 7/24/2020 Brokerage Raymond James Boosted the Price Target to Outperform from $11.00 to $14.00. Now WFF is trading at $5.96. If you are interested to test some amazing buy and sell indicators, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
NASDAQ:VFFLong
by TopgOptions
3
MJ Trending UpETFMG Alternative Harvest (NYSE: MJ ) What is ETFMG Alternative Harvest? An ETF that acceptance of various uses of the cannabis plant such as pharmaceuticals, biotechnology and life sciences, JesusTrade Score: Buy Scale Score: Low (3/10) Portfolio Hold: Yearly Hold Fundamental Reasoning: The following below are the top 10 holding for MJ: GW Pharmaceuticals PLC Sponsored ADR (GWPH) Aphria Inc (APHA) Aurora Cannabis Inc. (ACB) MediPharm Labs Corp. (MEDIF) Cronos Group Inc (CRON) Corbus Pharmaceuticals Holdings Inc (CRBP) OrganiGram Holdings Inc (OGI) Canopy Growth Corporation (CGC) Tilray, Inc. (TLRY) Swedish Match AB (SWMAF) All of these but Tilray and Swedish Match have bullish diverange and have broke out. Tilray could just follow the hype of the other stocks and Swedish Match has been having an up trend since March of 2009 and has about $30 more to run. With mojirty of these stocks being worth less than $10 or even $5. I don't see why the volume wouldn't be coming in. On google trends there an increase of cannabis and cannabis companies being searched. which gives me a idea that new buyers could be coming.
AMEX:MJLong
by Jesus_Trade
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
TSX:CWEB
by The_Alchemist_Trader_
1
CGC Triple Top ! Hello Traders, Lets have a look at CGC - Canopy Growth Corporation Points to consider - A clear Triple Top - Overall trend putting in higher highs - Stoch in lower regions - RSI coming into a tighter pattern - Volume declining rapidly - VPVR showing low volume of transactions after this support - EMA's giving price resistance CGC has had a strong bull rally, the first impulse retraced back to the .618 Fibonacci Zone before pushing another leg up. Price was in discovery mode after this push before retesting the .618 Fibonacci again, holding support but at the same time making the price put in a triple top. CGC is testing a very key trend line, if respected, will put in a higher high in the market structure. However if price does not respect the trend line and breaks below, then CGC is more probable to have a major correction. Price can really tank if this support is broken as the VPVR is showing very low volume of transactions between the support zones. With the volume declining, we can expect a move very soon... What are your thoughts on CGC's price actions Please leave a like and comment, and some food for thought “I think investment psychology is by far the more important element, followed by risk control, with the least important consideration being the question of where you buy and sell.” – Tom Basso
CShort
by The_Alchemist_Trader_
2