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Marijuanaindustry

Innovative Industrial Properties: Low AheadThe stock of Innovative Industrial Properties managed to stabilize somewhat at the upper edge of our green Target Zone (coordinates: $53.48 – $16.80) but should soon initiate the next downward impulse. In the short term, we expect a final corrective movement deeper into our green Target Zone to establish the low of the overarching wave in green. Once the wave low is settled, the impulsive wave in green should take over and carry the stock beyond the resistance at $137.90.
NYSE:IIPR
by MarketIntel
Planet 13 Holdings | PLNH | Long at $0.39The marijuana sector has taken a beating over the last few years, yet certain companies may provide value and dominate the space in the future. Enter Planet 13 Holdings $OTC:PLNH. This OTC play warrants extreme caution, though. It's either going to zero or could produce massive returns. My personal logic is not to bet the farm with any OTC play, but maybe an old goat ... and potentially buy the farm in the future. From a technical analysis perspective, my selected historical simple moving average (SMA) line is approaching the current price of $0.39. Frequently, as this SMA line and price get closer to each other, there is a pop in the price. Fundamentally, financial growth is anticipated. Financial highlights from the Q3 2024 report state that the company's revenue was $32.2 million as compared to $24.8 million, an increase of 29.7%. The increase in sales was driven by the addition of Florida as well as strong sales in Illinois. Gross profit was $16.7 million or 51.9% as compared to $11.1 million or 44.7%. Free cash flow: $108,807 million. Operationally, OTC:PLNH looks pretty good on paper. Marijuana legalization in the US is only going to expand. It's inevitable given the changing sentiment around the topic. If OTC:PLNH can do well in this space and is able to continue to grow, this ticker could get very interest. Thus, at $0.39, OTC:PLNH is in a personal buy zone. Target #1: $0.55 Target #2: $0.75 Target #3: $1.00 Target #4: $5.75 (very long-term outlook if legalization spreads...)
OTC:PLNHLong
by WorthlessViews
Long $MSOS at $4.25?I've been waiting for $MSOS to bottom because the upside looks amazing once it does. But I think we'll see another leg down before we see the final capitulation. The reason being the cloud on the 1D timeframe. With that thick of a cloud, almost no chance that price will break through it, and it leads me to think that the next move is likely lower. Looking at the chart, I think the bottom will be $4.25. I'll likely wait for price to get down to that region, see how it reacts, and if we see a bounce, take a long term position.
AMEX:MSOSShort
by benjihyam
8
CGC - Your chance to feel good about your weed addictionThis is truly, your one and only chance to prove to your wife that your weed addiction is paying off. After awhile, she will join you, don't worry. You are just an early crusader, the pilgrim, the visionary and she doesn't know who she really married - THE LEGEND. This is your chance fellas don't blow it. I mean look at this beauty. I am holding this bag until it reached at least $100 and then $120. Options - F that. Buy and hold. If you want to get into a growing market - this is it. Do you know how many people out there have never tried it? Do you know what happens after they try it? A huge line around the corner waiting to get in the MedMen store - the Apple of cannabis. Watch Tilray, CGC, Medmen, etc, closely.
NASDAQ:CGCLong
by bossmodetrader
2
CHRONOS ON A KEY LEVELWith international production and distribution across five continents. Cronos Group is committed to building disruptive intellectual property by advancing cannabis research, technology and product development. With a passion to responsibly elevate the consumer experience, Cronos Group is building an iconic brand portfolio. Cronos Group’s portfolio includes PEACE NATURALS™, a global wellness platform, two adult-use brands, COVE™ and Spinach™, and three hemp-derived CBD brands, Lord Jones™, Happy Dance™ and PEACE+™. Bullish divergence on the weekly coinciding with a market level where statistically over time this asset has always reacted. Interesting scenario and adequate space for different investment strategies. Medium / long term target price $ 9.60 - $ 13.
NASDAQ:CRONLong
by UnknownUnicorn25541012
TILRAY SHORT TERM OPPORTUNITY Tilray is a Canadian pharmaceutical and cannabis company, incorporated in the United States with primary operations headquartered in Toronto, Ontario. Tilray also has operations in Australia, New Zealand, Germany, Portugal, and Latin America. Second asset of the cannabis sector analyzed. Bullish divergence on the daily timeframe flanked by a double top that heralds a probable bullish bottom. Target price $ 17 - $ 21. Take into account the riskiness of the sector when managing this asset. Plenty of room for maneuver for various investment strategies.
CAPITALCOM:TLRYLong
by UnknownUnicorn25541012
First Time In A Long Time For TLRYFirst time in a long time that TLRY failed to close above its 200DMA. Despite this, it remains consistently trading around the 786 fib over the last few months. Without any fundamental catalyst, it really could depend on that industry at large. I think the whole MJ Bill was a buy the rumor/sell the news for what it's worth. Not a whole lot of range on the move leading up to that headline. But since it broke below the 200 for the first time in a while, volume (bullish volume) is going to be something to monitor for, closely if this is on your list, short term. These are the levels to keep track of on a larger scale. "With so many states and countries riding the legal cannabis wave, the discussion surrounding federal marijuana legalization in the US is changing. More proposals are getting submitted, and more conversations are happening. Whether this next step results in a real bill is to be seen. But what we can say is that the speculative nature of the cannabis industry tends to feed off of the unknown. So if marijuana penny stocks are on your list right now, keep this in mind, and volatility can play its role in bullish and bearish sentiment-driven trading." Quote Source: Best Penny Stocks To Buy Before Marijuana Legalization? 4 To Watch Now
NASDAQ:TLRY
by PennyStocks101
Descending Channel for TNY?!?!TNY appears to be trading in a descending channel on a micro-level. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form within longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices, but only after an upside penetration of the upper trend line. On the KST there has been a bullish cross where I've placed the green downward pointing finger. On the RSI the downward sloping resistance of a descending triangle pattern is being negated, very bullish and it's possible the price will breach the blue downward sloping resistance of the descending channel to the upside if Tinley can release some note-worthy news next week, don't hold your breath. A breakout to the upside means there's a shift from bearish sentiment to bullish. It’s recommended that buying into this break should occur after multiple tests of the upper channel line. The reason being breakouts early on in the channel often lead to traps as shorts push the price of the stock back down to the lower end of the channel.
TLong
by ScotianBot
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
$POTX My Favorite Cannabis ETF to the moonThe Top Cannabis ETF is $POTX. It consist of your top favorite cannabis companies into one ETF. Companies like Tilray, Canopy Growth, Aphria, Aurora Cannabis, and more ... Cannabis took its first hit today and we need one more to buy. When they cry we buy. Set limit orders at my horizontal lines. This stock will go to the moon and is a SLEEPING GIANT!!! The Biden Adminstration will help this fly, we have upcoming news. Be patient and dont dive in all at once because of the fomo. Alot of people are trapped at the top of marijuana stocks lets buy the bottom and meet them up there. Target $100 or better this is long term
PLong
by FreshfadeIsh
1
Sundial MT (February 2nd 2021)Sundial (SNDL) (February 2nd 2021 through 2022) Low: $0.56 - $0.60 High: $2.09 - $3.30 - $5.22 This is one I have been watching for a little while and found an excuse to chart it last night with Cindicator asking questions about for a forecast. As it's a cannabis company stepping out of its first gnarly bear market into a world of expanding marijuana freedoms, I have reason to believe this will be very bullish in the coming year or 2. Potentially will exceed my fibonaccis by a couple golden multipliers if the bearish reactions aren't too severe for each new notch Sundial goes up. Definitely a good penny stock to watch for the future, potentially great opportunities here. Most of my fibonacci price action makes sense (to me) and leads me to believe this could be 1 potential working fibonacci setup. The paths are a little bit messy but just gives a general idea of price action I expect to happen. It could happen or slower than I expect it to as well, many things to watch out for but I only hear of more and MORE positive cannabis news in Canada and the USA. In my opinion, the USA's MORE act will help immensely when things really get rolling if it happens like I think it could. Potential cup and handle forming in this chart? If the next few months go "parabolic," I would definitely look for any short term selling points around $5.22 to re-buy at slightly better profit just under, maybe near $3 or $4. Even that scenario might not happen perfectly but I will be watching this one closely in the future if I can help it. Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
NASDAQ:SNDLLong
by Hambooger
Is EXP trading in a Bullish Flag??It appears as though EXP is consolidating into a Bullish Flag in Dark Blue with a Cup and Handling forming Dark Green, two inherently bullish patterns. This could always be a descending triangle, but when looking at EXP on a long-term chart there's a noticeable bullish cross on the KST, not apparent on the shorter-term time frame I am currently using, just something to keep in mind. On the RSI it looks similar to the price action, there's no divergence and the indicator is in a neutral area.
ELong
by ScotianBot
Tilray Rally As Georgia Runoffs Signal Democratic SenateMarijuana Stocks Rally As Georgia Runoffs Signal Democratic Senate Tilray, Inc. surge on hopes Democrats' win in Georgia could spark US legalization Tilray, Inc. surged on Wednesday following the early results of Georgia’s key Senate runoffs that could open the door to federal cannabis reform. With Democratic candidate Raphael Warnock claiming victory in his race against incumbent Sen. Kelly Loeffler (R -GA) and Democratic challenger Jon Ossoff winning his race against GOP Sen. David Perdue, Democrats took control of the Senate. That fuels hopes that prior roadblocks, including refusal on the part of Senate Majority Leader Mitch McConnell to bring cannabis reform bills to the chamber, could be removed to move legalization efforts forward on a national level. the change of Senate control would catalyze constructive changes for the sector. Democratic control of the Senate, “could help provide better access to capital, alleviate operating headwinds, and help drive industry growth.” more moderate reform could come first, perhaps in the form of a modified Strengthening the Tenth Amendment Through Entrusting States (STATES) Act, which could allow cannabis companies to access traditional banking and financial services and alleviate burdensome federal taxes. “To the extent that the industry is presented with an opportunity to lobby for either of these measures, we would expect a consensus to form around the STATES Act over the MORE Act,” she said. finance.yahoo.com Key to that growth will be the speed in which states that voted to legalize cannabis set up policy frameworks, and at a federal level, which policy proposals receive the largest attention from legislators. potential reforms range from mild banking reforms through the SAFE Banking Act, which would allow the industry to tap traditional financing and banking, to more progressive agenda goals like federal decriminalization and criminal expungements through the Marijuana Opportunity Reinvestment and Expungement (MORE) Act. A combination deal could also be pushed through. With New Jersey legalizing through a ballot initiative this November and New York increasingly looking likely to follow with legalization, according to New York Gov. Andrew Cuomo’s State of the State address. finance.yahoo.com
NASDAQ:TLRY
by AlenCiken
MJ Analytics generates six figure sales increaseMJ Analytics, an Akerna product built on Domo's modern BI platform, generates six figure sales increase Within less than 90 days of launching MJ Analytics, the platform has generated a six figure increase in sales and helped clients reduce manual reporting workflows by 90% through the use of scheduled reports. With a 95% positive product feedback based on recent surveys, MJ Analytics is proving its value as a first-of-its-kind actionable insights product. Since launch, MJ Analytics has: Processed a total of 5.1 million queries Averaged 3.6k queries a day with peaks of 20k queries during month ends Signed up 40 clients for Premium Analytics, through either a trial or paid subscription finance.yahoo.com New Year's Eve Marks Biggest Cannabis Sales Day of 2020 The Christmas holiday period (12/18-12/24) generated $427 million . Traditionally, the Friday preceding Christmas is the biggest sales day of the period. However, this year the Wednesday before Christmas (12/23) saw the most significant bump in sales with a 76% increase in daily sales. Totaling $87.3 million, the Wednesday before Christmas was the third-largest sales day of the year, only slightly behind Green Wednesday with $87.4 million. Previously projected to see depressed sales due to an anticipated decrease in group gatherings and parties as the result of COVID-19 restrictions, New Year's Eve exceeded all expectations. The year-end holiday saw approximately $89.4 million in sales, easily surpassing Green Wednesday and becoming the biggest cannabis sales day of the year. finance.yahoo.com
K
by AlenCiken
>ElliotWave<>3degreeComplexWXY<>COMPLETE<>ImmediateUpside<>LONGAS the title suggests, we have completed wave 2 of greater wave 3. Expect immediate upside, major impulsive move incoming as wave 3 commences. This correction was 3rd degree (in orange) complex WXY with 2 5 wave moves enclosing another complex WXY (yellow) flat, which itself is another 2, 5 wave moves enclosing another complex WXY (green) flat which itself is made up of a simple ABC zig-zag and a simple ABC flat with a 5 wave down move move to complete. Here is a zoomed out snapshot of the interior wave 3 of the greater wave 1 we are currently in.
NASDAQ:CGCLong
by thatsblatzphemy
8
OGI OrganiGram Holdings, Inc. 242.22% upside potentialOrganiGram Holdings, Inc. engages in the production and sale of medical marijuana. Its products include strains, cannabis oils, and vaporizers. The annalists give a Consensus Price Target of $4.35. The company has a 247.024M MARKET CAP with 7M debt. Debt-to-Equity Ratio 0.25 Current Ratio 5.15 Quick Ratio 1.96 Looking at the volume, it`s just a matter of short time till the indicators will turn green! 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:OGILong
by TopgOptions
28
MEDIPHARM LONG SETUPLooking at a potential low risk high reward play here. Although i pointed out the previous bull run above, I don't expect anything close to that happening at all. We are currently under a death cross and earnings are coming up, note it usually dumps at earnings after all-time-highs. This is a company I am looking at long-term though so I will buy small at this level only because of the number of opportunities in the market right now, but will essentially look out for lower prices and possible bullish divergences in which case I would up my bet. Any rally here I would anticipate a breakout and continuation possibly to that .618 fib level which seems to be respected a lot throughout this bear market, and just so happens that the 50MA is lining up with it as well. Not investment advice, just my opinion on the market. Safe trading, cheers.
TSX:LABS
by thiluxan_s
2