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ORGANIGRAM GLOBAL INCOO

ORGANIGRAM GLOBAL INC

1.60CADD
+0.01+0.63%
At close at Apr 25, 19:59 GMT
CAD
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OGI trade ideas

OGI bottoming structure?I've been following Organigram, and the pattern its been putting in since the March lows in the market. I am interpreting this as a possible IH&S. While the daily is shown here, a look at the weekly shows a bullish pinbar at this level where the "head" would be. Price has declined to where the bottom of the shoulders would be. If my hypothesis is correct, we would expect to see it move up and break the neckline around 2.15. Price is moving sideways for now. A decline below 1.41 would invalidate the IH&S hypothesis. Keep an eye on this one. It could also be a megaphone bottom...
NASDAQ:OGILong
by docfresh
1
$OGI can rise in the next daysContextual immersion trading strategy idea. OrganiGram Holdings Inc., through its subsidiaries, produces and sells cannabis and cannabis-derived products in Canada. The share price rose after the company announced that it has entered into a multi-year agreement for supply of dried flower to one of Israel’s largest and most established medical cannabis producers, Canndoc Ltd. ("Canndoc"), a subsidiary of InterCure Ltd. (TASE: INCR/INCR.TA). The demand for shares of the company still looks higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $2,04; stop-loss — $1,92. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NLong
by KozakHlib
Excellent undervalued pot stock. This is by far the better of all the pot stocks. It has broken its downward trend and is rising above the 50 ma. Also 20 ma is about to go above 50 ma. A reasonable exit point would be about 2.50., but with all of the recent emotion behind pot stocks... who knows what will happen. IMO this is a good value and I’m in on a good position at 1.99. I expect to see a pop in the next few days once the short limits are hit. I believe this stock has about 8% short float.
NLong
by ebred
11
Organigram Holdings Inc. (OGI)OGI at Fibonacci support . Disclaimer: We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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by CryptoTrend-Alerts
9
Blame Canada for Pot Stock PerformanceHappy 420! When legal recreational cannabis sales began in Canada on Oct 17, 2018, marijuana companies and investors were brimming with confidence... A large industrialized country had finally legalized marijuana. And with an adult population of nearly 30 million people, Canada would finally show the world just how big and lucrative the recreational marijuana industry could be... Aurora Cannabis . Canopy Growth. Aphria. Tilray . They’re all Canadian. And they’re among the biggest marijuana companies in the world... Their stocks were soaring. They were going to take over the world. First Canada. Then the USA. And then the rest of the globe... But what no one had counted on was an inept Canadian bureaucracy... Canada put Health Canada, the countries department of public health, in charge of regulating the Canadian marijuana industry... ...and Health Canada hasn’t been up to the task. Entering 2019, health Canada had more than 800 pending applications for processing, sales, and cultivation licenses. On average, it’s taking 341 days to approve licenses to sell marijuana... And the time it takes to approve cultivation licenses is anywhere from 6 months to a few years. It took Aphria almost 2 years just to get its upgrade of an existing facility approved... The failure to approve retail locations has depressed sales. And the failure to approve grow facilities has made it difficult to keep up with demand... It’s almost as if Health Canada wants the legal marijuana industry to go away... Canada’s marketing and advertising restrictions for marijuana aren’t helping matters either... Canada bans the use of mass advertising, sponsorships, endorsements, testimonials and promotions for Marijuana... It also prohibits communicating information about marijuana’s price or distribution... Canada also artificially restricted the size of the market by allowing only the sale of the flower and oils... These structural flaws have made it difficult for the legal, regulated cannabis industry to take off... In the 3rd quarter of last year the average price (to consumers) of legal marijuana was CA$10.23 per gram, according to Statistics Canada (which is run by the Canadian Government). Statistics Canada reports that the average price of black market marijuana was only CA$5.59... It’s no wonder the big legal marijuana companies in Canada are struggling... Health Canada’s bureaucrat quicksand, combined with its limits on products and marketing, has slowed growth and created a thriving black market... It’s also infected the larger marijuana industry. Every time a Canadian marijuana giant misses earnings or revenue estimates, stock prices for the entire sector plummet. And because pot stocks are dominated by retail investors (institutional investors are largely unable to invest in pot companies because pot is still illegal at the federal level in the US), prices can drop rapidly. Retail investors typically hold on to their investments for less time - and have a lower risk tolerance - than institutional investors... Canada’s approach is fundamentally unacceptable. Fortunately there are sign of progress. Health Canada is trying to speed up the review process for licenses. And the sale of edibles and other cannabis derivatives is expected to begin this month... But it’s going to take some time before the promise of the Canadian market becomes a reality... That doesn’t mean you shouldn’t invest in the big Canadian pot companies. It simply means you have to adjust your timeline for success... Now is a good time to buy because pot stocks are a bargain, especially considering how much the industry is going to grow... Over the course of the next few years, the cannabis market will reach incredible new heights. It won’t happen as quickly as you’d like. It will be a slow and steady March instead of a meteoric rise... But it will happen!!! And that means if you’re going to invest in pot stocks, you have to be in it for the long haul. There’s no shortcut to success. Buy now while you can still get bargain prices. And then hold. You’re investing in what could be a $66 billion global marijuana market by 2025... And these companies, and a few others I’ve picked, represent your best chance to capture a hit from that cone!!! Stay ahead of the masses, Seth Maniscalco Owner, Modern Wealth Management Founder, Crypto Wealth Coach Founder, T.R.A.I.N. #NoMore925 #ProfitsOverPaychecks
NLong
by smaniscalco
OGI looking at a turnaround at sub $3Looks like we have a solid bottom on OGI. Assuming the bears don't sell at resistance and overall markets continue to show strength , OGI should rebound hard and easily retest the $3s and $4s resistance. About to break through short term downward resistance. Scaling back in and buying the dips. Cannabis is also an industry in Canada that won't be laying off anyone, it's already "clean" operations (mask, bug free). To add to the bulls, illegal weed online sites are getting shutdown. Look at the seizure of orderweedonline.ca by the RCMP. This is a GOOD time to be a licensed producers as government and law enforcement goes into the "clean up" version of the black illegal market that sells anything.
TLong
by UnknownUnicorn2413721
ORGANIGRAM HOLDINGS AlertWeekly Chart for Long Term Investors. Folllow my TradingView Profile , and recive an alert when the price falls to $1.37. You don't have to wath this market anymore. Buy1 1/3 size ($1.34 ) Buy zone2 2/3 size ($1.15$ , $1.08 ) We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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by CryptoTrend-Alerts
1
$OGI Needs To Get Above $3 For Breakout$OGI has a multiple bottom in place just believe $2. The stock is now bumping up against the long-term downtrend line from last May. A move above $3 will confirm the breakout. We believe a new cannabis bull run is coming this year and $OGI is certainly a name to own in the space. OrganiGram Holdings Inc., through its subsidiaries, produces and sells cannabis and cannabis-derived products in Canada. It offers cannabis flowers, cannabis oils, and pre-rolls for adult recreational consumers under the Edison Reserve, Edison Cannabis Co., ANKR Organics, and Trail Blazer brand names; and medical cannabis products, including cannabis flowers, cannabis oils, and vaporizers for the medical market. The company also engages in the wholesale shipping of medical cannabis plant cuttings and dried flowers. It sells its products through online, as well as telephone channels. OrganiGram Holdings Inc. was founded in 2013 and is headquartered in Moncton, Canada. As always, trade with caution and use protective stops. Good luck to all!
NLong
by OptionsGains
Bullish Divergence| Higher Low| Declining Volume Hello Traders! Today’s chart update will be on OGI where bulls are promptly trying to change the bearish structure; key levels must break for a trend change to come to fruition. Points to consider, - Trend structure changing - Local support being held - Structural resistance to break - Stochastics in neutral territory - RSI diverging from price - Volume clearly declining OGI’s structure has slightly changed due to the bullish divergence playing out, new higher highs will confirm the overall trend change which has not happened as of yet. Local support in being held promptly, in confluence with the .50 Fibonacci level, OGI has strong technical support confluences. Structural resistance is a key level to break; OGI must close above as this will instil a highly probable new higher high in the trend. Stochastics is in neutral territory, momentum is stored in both directions at current given time. RSI is diverging from price with clear higher lows, signalling a local trend change. Volume has been declining which increases the probability of an influx at current support. Bear volume visually has been drying up; OGI needs bull volume for follow through from current support. Overall, in my opinion, local support must hold for OGI, a retest and close above structural resistance will confirmed the trend change with a new macro higher high. What are your thoughts? Please leave a like and comment, And remember, “Ultimately, consistent profitability comes down to choosing between the discomforts you feel when you follow your plan and the urge to let yourself be captures ( and ruled) by your emotions.” ― Yvan Byeajee
NLong
by The_Alchemist_Trader_
Potential for breakout to low $5's or breakdown to $3.70Traditionally this stock has experienced massive resistance at the $4 to $5 level. There is no reason to expect this stock to break out of this zone beyond spikes above or below the range until more growth is confirmed or EPS improves. Overall market sentiment on marijuana is likely to remain neutral to bearish as some companies will go bankrupt while others will show moderate success with increasing retail locations. Too many resistance points in the short term and a gap to fill in the low 3's. Lastly, volume has died off by 1/3 each day of the rally since earnings. Back under a million in shares traded will ensure OGI does not breach resistance levels. I'll remain skeptical on this one in the short term. Still bullish long term. Stop loss @ $3.70 or $4.20, depending on your risk tolerance. If the price stays in the $4.20 to $4.80 range this will be a channel players dream.
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by Blue_Collar_Trader