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Cannabis

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
Canopy Growth - Critical PointCritical Point for Canopy Growth. Resting right on the 50EMA and bottom trend line of the ascending channel. Failed to close above 200EMA and tested back down to bottom of the ascending channel. Ascending channel traditionally leads to lower prices but that's after the breaking of the lower trend line. Possible test of .618 fib level which also meets with the 200EMA. Possible short-term upside play with stop loss can be practical. A good bullish confirmation overall would be a daily candle close or two above the 200EMA, creating enough of a divergence between it and the 50EMA, also creating a new high in this micro trend.
C
by thiluxan_s
$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!
NASDAQ:OGILong
by KozakHlib
HEXO: Penny stock that looks promising to meDowntrend line broken on increasing volume. No new low on the last cycle down on the daily chart. Yahoo Fincace: HEXO Corp., through its subsidiaries, produces, markets, and sells cannabis in Canada. It offers dried cannabis under the Time of Day and H2 lines; Elixir, a cannabis oil sublingual mist product line; and Decarb, an activated fine-milled cannabis powder product. The company offers its adult-use and medical products under the HEXO brand name. HEXO Corp. is headquartered in Gatineau, Canada. website: www.hexocorp.com
HLong
by goodguy
[CGC] Indicators Were Correct... Fell Right Back to Down TrendNo trend updates, here, original idea holding up pretty good. Lets see how it plays out. Bit surprised CGC couldn't bring anything to the game for earnings, they really are a fundamentally strong company, but here's what happened if you're curious. The ACB earnings FOMO pop pushed the entire market from great value to poor value in one week. Every buy above $17 seems to have been a small pre-earnings FOMO. Can't feel too bad, it was a smart hedge just in case of a pop and the long term value here is still solid. Whole segment still overvalued will continue slide not really worth updating any of my ideas at this point. Maybe looking to load up around $12. Will come back around once we get mid-way through June when we get back into good value range. Stay tuned and happy harvesting!
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by ProfitHarvest
$TLRY can rise in the next daysContextual immersion trading strategy idea. Tilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis. The demand for shares of the company 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 $10,29; stop-loss — $8,90. 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!
NASDAQ:TLRYLong
by KozakHlib
Bullish Weekly Chart - Earnings PlayBullish weekly chart... On March 16, 2020, the stock hit a low of around $9.00 and spiked up to where it trades today. As of today, the 5-Day MA crossed up and over the 20-Day MA - Bullish Volume is Bullish PMO is trending up, Bullish MACD is trending up, Bullish RSI is trending up and above the center line, Bullish Stochastic is trending up, Bullish Accumulation is trending up, Bullish If earnings are good tomorrow, the stock should continue its upward run. Please do your own research. This is not investment advice. I am simply looking at the weekly chart in which everyone has access to. Thank you and best of luck with your trades! DISCLAIMER The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
CLong
by HotCharts
2
[CGC] 'Locally' Overpriced, 'Globally' Good Value + Earnings!Earnings is tomorrow and unfortunately the price didn't slide as much as I had hoped. It recently broke and held above it's current upward channel and overall the cannabis sector should continue it's long term slide trajectory into summer, very high sector gravity, which is why it's locally overpriced. Also all indicators are leaning toward sell right now so kinda weird time to buy. If CGC pops, expect others to follow to varying degrees and look for good sell opportunities sector wide. Likewise, if the news is particularly bad all around, the whole segment will drop but that seems unlikely tomorrow. CGC is a top three cannabis company next to OGI and APHA and is much bigger than those two. Local value isn't great right now but long term the price is still pretty good and upside potential on earnings tomorrow is huge if they beat any expectations at all. They will release their earnings data before market open tomorrow so get in today if you're expecting a FOMO bump and then will have a call mid day, both events tomorrow could rock the price up or down but given the sunk costs in this stock and never ending cannabis FOMO, it is most likely to spike up. Will probably try to sell off 40-60% of my stake tomorrow if it does spike and wait till mid-June to really load up the cannabis sector at better value. As an aside, I do expect the overall market to begin it's crash tomorrow, leading into first week June bloodbath, so I mostly likely will flip back to hold by market close Friday and wait for the next buy opp. Let's hope for a bountiful harvest tomorrow!
CLong
by ProfitHarvest
8
TGOD.WS ARE 3X UNDERVALUED TGOD.WT ARE 13X OVERVALUED TGOD.WT ARE 13X OVERVALUED TGOD.WS ARE 3X UNDERVALUED There are a few different variables one can use to price Warrants, most important ones being Intrinsic Value & Time Premium. INTRINSIC VALUE (IV) = Share price - Strike price TGOD.WS (IV) = .5 - 1 = -.50$ TGOD.WT (IV) = .5 - 3 = -2.50$ The intrinsic value for both is out of the money but they trade above 0$ this is because we are paying for the Time Premium (TP), so lets calculate what thats costing. TIME PREMIUM (TP) = IV + Market Val of Warrants {use absolute value for IV if out of money} TGOD.WS (TP) = .5 + .085 = .585$ (for 3 years) TGOD.WT (TP) = 2.5 + .08 = 2.58$ (for 1 year) Now lets calculate the premium we are paying annually TGOD.WS = .585/3 = .195$ TGOD.WT = 2.58/1 = 2.58$ 2.58/.195 = 13 Simply put, we are paying 13x more for the same time premium when buying WT warrants
TLong
by lilsatoshi
[CGC] Breaking through Resistance... Be Patient and Buy Cheaper?CGC made some nice moves and unfortunately didn't stick to the downward trend I was hoping for. Added in some new resistance lines here. The timing here is crazy, trying to thread a damn needle through this craziness haha. As much as I wanted to get in before it broke the $17.50 resistance, I held off because I expect the overall market to collapse down next week just in time for earnings. It's gonna be close and I might end up having to load up at like $21 (not ideal but it's still gonna be a smart play but if we luck out here, it'll crash back to around $15-$17 at least next week and create a perfect buying opp right before earnings. This is likely gonna pop above $28 resistance (assuming there is something decent coming out of earnings like with ACB). Targeting a 50-100% ROI on 40-60% of my CGC holding this swing.
CLong
by ProfitHarvest
[CGC] Peak - Short Term Short Setup.. Hold for Pre-Earnings BuyWent back to the drawing board a bit and I'm gonna call this as the rough CGC peak. The POC (white line) for the year is too far away, the RSI and VPT as RSI are both screaming sell, the MACD is near highs and seems to be running out of steam, the long sting of positive Volume bars can't maintain without more fuel. Despite all this I think we'll be lucky just to get back $17 before a FOMO pop on earnings so I'm kinda just splitting hair here haha.
CShort
by ProfitHarvest
2