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Marjiuana

YCBD- another marijuana pneey stock lights it up LONGThe idea is on the 15 minute chart here- See also ideas for OBI, ACB, TLRY, and CGC Germany also is pushing full legalization. A new day is dawning? Several states are working on releasing minor offenders ( clemency and pardoning). YCBD is risky but the potential rewards are great. As for me, a fair position with a stop loss of 10% targets of 50%, 100% and 200%. I am in no hurry and will accept the cup and handle as being over a relatively short period of time and so not necessarily highly reliable. Nevertheless, i will chase some of the hottest things around- penny and low priced marijuana stocks. (Very) HOT until they are not.
AMEX:YCBDLong
by AwesomeAvani
Dumpster Diving into Speculative Weed Winners: Canopy GrowthBig level of interest for Canopy Growth NASDAQ:CGC trying to fill the July 25, 2016 gap from 2.15 to 2.20 —post-bull pennant. Pot stocks have taken a beating since the 2021 highs (pun intended). They're clearly oversold BUT they're sitting without a catalyst from the Biden administration toward marijuana legalization efforts. If you're into dumpster diving, Canopy Growth could be a good dumpster to choose. They have exposure in the United States and don't forget, Constellation Brands $STZ has a large stake in the company. 🧐 For a trading strategy, look for momentum into the end of the week after the gap is filled . Otherwise, buckle up and settle in, as it is likely to continue breaking down out of the falling wedge into Tuesday, August 9, 2022 earnings.
NASDAQ:CGC
by zwburger
1
Clever Leaves Holdings Inc - $CLVR Chart AnalysisTAKE A HIT OR LET IT SIT? Clever Leaves Holding ($CLVR) chart is starting to look like a sherlock pipe ready to get packed and sparked, but first let's clear the dirty hits first before producing a new investors high... What seems to be a great battle of psychological warfare at the very beginning of the chart's timeline, performing a descending running-flat, CLVR appears to be on the 5th wave down of the primary cycle. While most marijuana and cannabis stock tickers appear to want to correct during the summer, CLVR might want to continue selling. I wrote on the chart there is a possible hyper-extension that could be created here, but no clear indications that make be believe it's developing. (*see bottom if so...) Without confirmed MACD divergence on the weekly, I can only expect that if the 5th wave does not appear in divergent state, it will only be riddled with it as the cycle correction occurs. -- But, it is earlier where we might start seeing the divergence start peeking through very soon, making it harder for investors to jump in on a good entry before the cycle correction. I think around .50 cents to .44 cents, we will start to see a possible floor put in for investors to stand on during the cycle correction. If a hyper-extension is creating during these current weeks, we could see panic set in even more and the final cycle PT would likely be around .22 cents.
C
by happytree614
Bullish Pennant for TNY?On a long-term chart for TNY, it appears as though the price has formed a bullish pennant pattern in blue. The RSI is displaying a bullish flag. A bearish cross has occurred on the DMI where I've placed the red downward pointing finger. The price has noticeably broken the red downward sloping resistance of a Macro descending channel and upon back-testing has acted as support as of this moment, inherently bullish. If the blue upward sloping support of the bullish pennant is lost ideally I'd like to see bullish buy pressure at the old red resistance of the downward sloping channel, it should act as support again if there's going to be a convincing shift from bearish to bullish sentiment.
TLong
by ScotianBot