Canadian Marijuana Stocks Technical Analysis Chart 7/12/2019 by ChartGuys.com
Canadian Marijuana Stocks Technical Analysis Chart 7/12/2019 by ChartGuys.com
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No need for TA. MJ stocks are going high.
The anomaly in this sector is financials, it’s been a hype/subjective asset class until this year. Now we get to see the numbers and they’ve all been overwhelmingly disappointing, hence your anomaly.
Miraculeuze summer bottom
Boom .. thx Jedi master … Good luck frog hunting !
I’m officially renamed to nickleless
It’s rough out there. Sitting on hands.
Thank you Dan, this is an excellent video I love the part that you talk about penny stocks, have a great weekend!
I am confused about how you are able to show a long term monthly chart of OGI (Nasdaq) when the stock has only traded less than 2 months on the big board?
You’ll know when the bounce happens imo, once it bounces it won’t look back. You have to give shorts no chance to cover.
Do you think there will profits moving over from crypto near term? Or is money still waiting for more blood? I know that’s hard to answer but what your opinion be?
I lived through the .com I seen stocks go down 90% it all comes down to earnings
nice room, like the brick wall
This will probably be one of the best buying opportunities in a long time!
Thanks Dan for continuously putting out such great content!
CGC lets see what happens at 28.67 somewhere,, 32.00 2nd support,, 1st 33.57
Look at that MJ etf, extremely predictable…I can appreciate these events don’t help those individual companies, but this looks FAR more like a sector down cycle and red across the board agrees. Is it a couple percent deeper or a down little faster on a sector basis because of scandals? I guess? But a surprise this is not. You could have predicted this merely on the technicals, looking for upper $20s on CGC: https://www.tradingview.com/x/a03gR7OW/ … but MJ etf looks primed for a huge buy in coming weeks and I’ll be BTFD’ing hard https://www.tradingview.com/x/1W7WpzY0/ apparently along with those that don’t know among the cannabis companies out there who’s a good faith operator and who’s doing illegal shit, reducing headline and stock risk. CTST completely different story.
Urg and uuuu down I bought a small amount
10:46
Great as usual, my CGC avg is 26 US, hope it hits low 30s. Thanks
The earnings for Canadian LP’s are pathetic as well Dan. People may blame CTST and Bruce being fired but its the realization these companies revenue growth numbers are not what was expected. US MSO’s meanwhile are bringing in as much and more revenue currently. The real space in the sector to play is US MSO’s now. That’s where the real revenue growth is.
"I nail the bottom to the penny!" Yes Dan! Yes! Of course you will!
I’ll be watching CGC like a hawk on Monday morning, too. As always, thanks for the analysis, and your property is coming along very nicely! Beautiful!
Many many thanks!!!! 🙂
No VFF on the list and just winging it on technicals? Lol, there is nothing here that interests me.
The end of this video was a very helpful reminder. This is my 3rd despair cycle, I was deep red last time, have lost a lot this time but still have some profits. Still hard to handle when it happens but each time it gets a little bit easier.