Cannabiscannabis industry, which is expected to hit $billions in sales. Trends looks to be switching up, Look for the best Cannabis stocks maybe?
Cannabis
$TLRY U.S. Cannabis LegalizationThis breakout may have some merit to it. Two overhead resistances broke with the second-highest weekly and highest daily volume on record.
Tilray ROCKET! 60x the moneyTilray leading cannabis provider in Europe.
Multiple european countries have legalised in 2020, 2021 and more coming in 2022.
Tilray is one of the very few GMP Certified companies.
And they also hold a big stake in the US Market which sooner or later will legalize.
Tilray is the Tesla of weed stocks.
I expect the stock to hit a new ATH between 2022-2025.
Dont miss this opportunity of a life time.
SNDL bullish ahead of the Alcanna dealThe merger between Sundial and Alcanna should occur on or before March 30 following an extension of an earlier agreement.
This deal could send SNDL to the $1.70 resistance short term.
Looking forward to read your opinion about it.
VFF Strong Buy Rating 2 days ago, on 3/2/2022 Raymond James brokerage Set a Price Target of $19.00 for VFF, Village Farms International, giving it a Strong-Buy rating!
The chart looks beautiful, VFF is sitting at a strong support, ready to start a reversal.
My price target is the 10.50 resistance.
Descending Channel for TLRY?It appears though Tilray, TLRY on NASDAQ is trading in a descending channel.
A bounce to the downward sloping resistance of the pattern is expected near term, the company is a pump machine with the PRs, Irwin has his eyes on more than Hexo, so in my opinion, the company will continue M&A, and has the rights to change the terms of agreement with Hexo pending due diligence.
Watch out for the DMI, currently trading neutral, if the blue line breaks above the orange a breakout to the upside is either near term or occurring in real-time, and on the contrary, if the blue line on the DMI crosses the red to the downside hold your ankles.
If history is to repeat itself, the RSI has called the micro top of each bounce to the upside inside the descending channel.
A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend. Officially, the space between the trendlines is the descending channel, which falls under the broad category of trend channels.
A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend.
Traders who believe a security is likely to remain within its descending channel can initiate trades when the price fluctuates within its channel trendline boundaries.
A more potent signal occurs with a breakout, which is when a security's price breaches an established channel's boundaries, either on the upper or lower side.
Trading range for the foreseeable future between 9 Dollars & 3 Dollars. The volatility of the market is likely to cause fake-outs in both directions, trade accordingly.
Buy $ACB - NRPicks 11 FebAurora Cannabis Inc. produces, distributes and sells cannabis and cannabis-derived products in Canada and internationally. It also engages in facility engineering and design, cannabis breeding, research, production, derivatives and product development.
SNDL Sundial Price TargetAfter receiving an extension of 180 calendar days to regain compliance with Nasdaq's minimum $1 bid price requirement, SNDL needs to close at or above US$1.00 per share for a minimum of 10 consecutive trading days before August 8, 2022, which most likely should happen sooner.
We are still waiting for the Alcanna deal to be announced.
That should be an important catalyst to drive the price higher, to the next resistance, of $1.25.
HEXO, A PATH TO $1 - SELL BEFORE 4/20?I've been watching this stock for awhile now and I think we've finally hit that point where a turnaround happened. Look, Cannabis is going to be a big industry, but it's a matter of how long. Now Hexo has 180 days to climb back over $1 and the question becomes, "can they do it?" From what I've seen in the charts, I feel we might see a pump pretty soon, sometime before april, which will unfortunately allow the stock to drop right around 4/20, giving it a chance to settle around $1 before the 180 days are up. Good news, if you catch the drop right, there might be a chance to ride Hexo back up to around $2.70-$3.00 long term and then close to $5 per share even longer term.
Does anyone else still watch this stock or am I the only one??
Let me know if you are seeing another scenario play out in the comments.
$TLRY smoking on that tilray pack 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Recap: The market has been in loading zone the past couple of weeks. My team is loading up shares of companies that we believe are likely to benefit from this rally.
Today before the market closed my team purchased shares of marijuana company Tilray Brands $TLRY at $6.26 per share. Our take profit is $10
ENTRY: $6.26
TAKE PROFIT: $10
(OPTIONAL) STOP LOSS: $5.50
If you want to see more, please like and follow us @SimplyShowMeTheMoney
SNDL 180-Day Extension by Nasdaq to Regain ComplianceSNDL Sundial received an extension of 180 calendar days to regain compliance with Nasdaq's minimum $1 bid price requirement.
SNDL needs to close at or above US$1.00 per share for a minimum of 10 consecutive trading days before August 8, 2022, which most likely should happen sooner.
Let`s just remember how SNDL stock was trading at $3.96 one year ago around the same date.
But the company made progresses and the Alcanna buyout should take Sundial Growers Stock back to $1.
The investors were scared because of a possible dilution or delisting from Nasdaq for non-compliance.
Now it should also regain trust from investors and see it touching the $1.30 resistance soon.
CRON looks CLEAN on the dailyReally like this cron count, it helps me check off another in the list of bull on the cannabis side. I think we have a good year in MJ coming.
SNDL at Dec 2020 support | Ready for an important bounce ?SNDL Sundial stock is oversold at the December 2020 support price level.
looking at the chart, the upside is $1.4 by the end of Q2.
Sundial has a pending purchase of Canadian liquor retailer Alcanna .
Alcanna owns a majority stake in Nova Cannabis, a cannabis retail chain.
I think Sundial positions itself as one of the major cannabis players of 2022.
Looking forward to read your opinion about it.
$acb ride or die - gaps up to $100+$acb bottom in?
long term trendline with plenty of upside potential.
tons of gaps above with a couple of tricky monthly resistance blocks.
1R:13R
(daily gaps highlighted as grey dotted lines)
Buy $MJ - NRPicks 14 JanThe index is concentrated in the pharmaceutical, biotechnology and life sciences industry group. The fund will invest in the component stocks of the index and in ADRs and GDRs based on the component stocks of the index.
to catch a falling leaf pt.2I truly believe MSOs will bottom out at some point this year... if not already. Whether by way of a market wide dump during a correction, or by forming the bottom of a cup in an eventual cup and handle formation. I think the MSOs have some real world catalysts in place to start turning positive (SAFE Banking Act, more states legalizing, actual positive net income...) whereas the canadian growers are basically crossing their fingers for US legislation to pass while they bleed cash.
As with the canadian pot stocks tho, we want to really see this thing shallow out. The current downward trend is trudging along the 1/1 angle, but we need to start seeing local bottoms form on the 2/1 angle. If that happens, we'll likely see some kind ending diagonal form which would indicate wave C is finally coming to a close.
The other scenario is that this overheated market takes a dump and pot stocks go along w/ it... (see 2 yrs ago) in which case BTFD and hang on.
Ironically it's been the democrats that have been blocking SAFE from being passed into law... apparently looking like awesome social justice warriors is paramount in this endeavor. With their grip on Congress in question in the coming mid-terms they need to cut the crap and hustle to get something done. Expect a bump when SAFE passes as institutions start to get involved in the MSOs.
for fun only, not advice.
Bullish ReversalIf that ain't a reverse head and shoulders then idk what is.
Good value for a stock with lots of growth ahead of it.
SNDL to purchase liquor retailer AlcannaBesides an estimated $540 million in sales in 2022, up from an estimated $50.5 million this year, Sundial has a pending purchase of Canadian liquor retailer Alcanna.
Alcanna owns a majority stake in Nova Cannabis, a cannabis retail chain.
I think Sundial positions itself as one of the major cannabis players of 2022.
My Q1 price target is $1.7
Tilray found a bottom? Tilray shot back up above the moving average. We may be getting a relief rally to resistance as the cannabis market has been getting absolutely killed. The industry is waiting on US gov movement on cannabis legality. Once we get some approvals this stock will strap itself to a rocket.
TP ~$9.66
I have bids in the $6 range.
CNBX leader in cancer related cannabinoid-based medicineCNBX Cannabics Pharmaceuticals has an agreement with Purisys, a leading Active Pharmaceutical Iingredient manufacturer, to use its API in Phase I/II (a) clinical studies that it is planning to launch in 2022.
So this year will be quite bullish for CNBX
Cannabics Pharmaceuticals is a U.S. public company and a global leader in the development of cancer related cannabinoid-based medicine. It engages in the discovery, development and commercialization of novel cannabinoid-based products and innovative technologies for the treatment of cancer.
52 Week Range 0.08 - 0.60
Market Cap 15.163M
Short term upside: $0.20
After they begin the Phase I/II (a) clinical studies, the stock can reach once again its 52 week highs.
Cannabis Sector To Run 2022 6-7x Potential Canopy GrowthHey the cannabis sector has underperformed the stock market indexes in 2021, this will run in 2022, stay updated in January for monthly momentum inflections. CGC has a 6-7x potential from here. This should be the first big sector swing followed by airlines and renewable energy in 2022.
SNDL Sundial Price TargetsIf you haven `t bough the stock here, at 0.57usd:
then you should know that Malta became the first European Union member to legalize recreational use and growth of marijuana.
Democrats overwhelmingly support legalization for both medicinal and recreational purposes of marijuana.
If the U.S. market open up, it could be a boon for SNDL stock.
My price targets for SNDL are 0.93 for January an 1.25 for February 2022.
Looking forward to read your opinion about it.
#SNDL Just a matter of TIME ⏱️ before jumping higher🔥 Keep calmHi All, my main 3 take-outs from this analysis are the following:
1- 0.59$ level confirms to be a strong support and the price is reacting well from there just now.
2- Moreover, this support level represents to me the neckline of a reversal head & shoulder, which has been broken on Dec 17th with huge volumes at the opening. And it looks like the price is trying a pullback just at the neckline.
3- The target f this technical pattern should be at around 0.65$ and I strongly believe that it might reach this level soon, confirming the completion of another pattern, which would be a double bottom (with the two bottoms being the one of Dec 6th and Dec 15th
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
