OGI trade ideas
OGI to at least 2.91Look at the nice steps for OGI. Should hit the first box at least to 2.94. Follow the yellow (orange) brick road to higher levels. This, along with the potstocks sector looking for a huge boost. Wait for legislation to be anounced for a major gap up. A lot of front running right now.
OGI : significant volume in the past 4-6 weeksI add OGI into my watchlist with a price target 2.00 - 2.20 in 3-4 weeks. If breaks the blue line with high volume, new ATHs are possible I think.
- (W) chart : increasing volume
- (H) chart : bullish trendline
( this is my personal view, it is not a trading advise. )
$OGI Organigram Holdings Breakout Trade Setup
OGI has a very bullish day on earnings that impressed.
Like all stocks within the sector speculators are hoping for
a end to the bear market as legalization hopes increase.
Stochastic - MACD - Histogram all bullish.
Potential Trade to fill the gap tomorrow with $1.95 as a
bullish target.
Possible bullish trend after wedge completed on OGI- Let see Keep in mind you can lose money in the stock market!
Strategy and analyze :
Possible bullish trend after wedge completed on OGI- Let see
OGI completed a wedge pattern that can give birth to bullish trend but before the trend, a range pattern is detected. I think if we break the range by the top that means the trend is validated. for now, the best target will be point 5.
OversoldI am willing to wager that OGI won't go much lower with many MJ-sector events coming up in the pipeline, including Mexico legalization; MORE act passage in the House; Georgia senate elections. Moreover, OGI's combined cash, assets, and revenue puts their current market capitalization in the cheap - your not paying any premium for future growth. In today's world of 1000 p/e ratios, I'd say that this is an anomaly that won't last very long. I could see OGI benefiting from a regional east coast play if the US does decriminalize as well. We will see how they play the long game, but for the short-term they are a powder keg beside a raging fire.
[OGI] Weed Treasure Map: Amazing Value... Primed to POP!How would you like to go back in time to 2016 and put money down on OGI before it 5x'd in price?
Well now you can for the low price of $1.26... no time machine required ;).
I'm in 2.5% at $1.42.
Gonna continue building position, dialing in the bottom.
TRADE GOALS
1. Double bottom - Completed
2. Mean reversion will raise the price a bit off floor
3. Price will consolidate down in similar pattern as before and then start breaking up nearing earnings
4. Earnings will generate FOMO (the better they do, the bigger the FOMO but I think overall this will be a big cannabis industry inflection point)
5. Price will spike 50% and continue climbing (probably targeting toward the green line to try to push new highs again)
6. Price will continue climbing within channel, possible major support areas (may jump above green and climb faster given proven price history).
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.
[OGI] Pinned Down at Great Value... Load Up for Earnings!I know you guys are hungry for cannabis stock analysis so here we go!
Just ran through the stable and OGI is far and above the best value cannabis play right now. They also have earnings coming up on the 21st.
Its strong fundamentals make it one of my top 4 cannabis plays (APHA, TLRY and CGC are the other 3).
OGI and APHA are my top two long term fundamentals cannabis plays (TLRY and CGC fundamentals are a decent chunk weaker).
Honestly this thing is so erratic trend analysis is very noisy but the value here is clear.
Earnings whispers already signaling it could be a bit rough but there's also high chance of some positives that the FOMO crowd will latch onto and blow out of proportion.
Currently OGI is 1.5% of my portfolio and I'm looking to gradually scale in buys and ultimately double my position over the next week.
First buy target is tomorrow. I expect the market overall to start crashing down into August very soon and Fridays have been pretty weak for months now and OGI has been on the slide for awhile so will still hold off today.
If we get a FOMO spike, I'll probably end up selling off 40-60% in 2-3 20% increments.
Fully expect I'll have ample opportunity to rebuy well below whatever FOMO spike happens.
If no FOMO spike, no worries! This is a fundamentally strong company, you'd just need to wait another few months within which would be ample opportunity for another spike. If it crashes I'll continue re-upping 10-20% chunks in preparation for the next inevitable FOMO spike although the floor this stock has now set seems very strong and is well below the floor of other cannabis stocks (aside from maybe TLRY which has a pretty solid floor too). Also price is right on the floor, hence the great value here.
Ironically, their last earnings were a dud but last ACB earnings gave them (and the rest of the industry) a nice FOMO bump so any broader cannabis industry hype can easily bounce this thing around too making it a fantastic swing FOMO play.
Plant your seeds soon and lets hope for a bountiful crop after next week!
OGI was my 2nd idea on TView (now approaching 100 ideas!) and it held up pretty dang well (especially if we do get that predicted FOMO spike!):
