Cannabis Stocks Projection (How I use Fibonacci Retracements) $THCX $TLRY $CGC $APHA $ACB $SNDL
Cannabis Stocks Projection (How I use Fibonacci Retracements) $THCX $TLRY $CGC $APHA $ACB $SNDL
Saturday February 13th, 2021
Looking at Cannabis sector stock plays charts to project future price moves. One indicator people use in technical analysis to identify possible areas of consolidation or an area of interest for a reversal or trend change is a Fibonacci Retracement or Extension. A basic explanation of a Fibonacci Retracement that I used in the video can be found here https://www.investopedia.com/ask/answers/05/fibonacciretracement.asp
Stocks and ETFs in this video:
Spinnaker Cannabis ETF $THCX (03:10)
Advisorshares Trust Pure US Cannabis ETF $MSOS (06:30)
Tilray Inc $TLRY (08:50)
Aphria Inc $APHA (11:15)
Aurora Cannabis $ACB (13:05)
Canopy Growth Company $CGC (15:15)
Sundial Growers $SNDL (17:20)
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earnings report weds. Huge run up tuesday everyones talking about it. I see 60$ tuesday to weds when the report happens after close on wed. They are reporting early when it was supposed to be in march. I believe because the stock went down there gonna say wait wait wait look here what we got straght smashing expectations and shooting the price sky high TLRY is a buy now on discount. SPIKE TIME
Thanks for the video but if you could get to the point a little faster and make it a little easier to follow along. Thanks!
Why are we looking at the crappy Canadian LP’S stocks?
Not the US industry leaders of the cannabis sector?