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Probably not going down there. It only cooled off rsi levels. Higher highs and higher lows on the daily ;)
Exactly I've been watching it every day for a year and saw it bottom and tighten up. That plus Canada's first sales on October 17th(we all know what happens around catalysts especially one this big) I was not even questioning doubling down on my long position here
I'm curious what makes you think .29 is a good price? There's a gap on the daily to be filled between .283 and .295...where are you getting. 29?
Daily trend these past 3 weeks has not gone down...it has consolidated and now going back up bc everyone knows those prices were ridiculously low and with the catalysts coming up this thing is going to run hard
I'm using stochastics (stochrsi, stochasticsfast, stochastics slow) on thinkorswim. On the weekly all 3 are showing a buy. Also the weekly two is the lowest that it's been I'm in a year and a half. Bounced s few months ago off of a weekly two of 46 and it's now at 44-45ish. In a tight range too close to oversold to not go bullish with Canadas recreational sales starting October 17th. Just saying 400 more retail buyers. It's all showing good signs for the bulls.
Macd on daily crossing bullish too. Too much adding up. I would not dare sell now with all these signs. That's why I have doubled down on my position
That's perfectly fine for your intent. I just know that the recent news plus long term chart shows a buy and catalysts coming up on over these next few months. I'm not hesitant at all to buy. I doubled my long position in it and will continue to add down here without hesitation
On what time frame? If you are making 20 trades a day? Sure you could be seeing them. Long term charts show otherwise though. On top of the whole sector having catalysts coming up, this is a no brainer
The reason I bought back in is bc they just acquired 400 more retail customers on top of the long term chart looking extra juicy! :) I'm ready to make that money over these upcoming months
Not even close man. I am looking at the weekly chart and this idea strong buy. Mayne you are looking at too short of a time frame
Clearly you don't know how to read technical analysis then. It's showing a strong buy
We are hitting those blues sky's sooner than ya think. Technical analysis shows it, sector is getting ready again. Can't believe anyone is selling down here haha fine by me though. I'll continue to load each day :)
Use some logic here...one grows and the other using it in their product and sells it. Both have the same CEO. You don't think there is a connection? Lol
Technical analysis shows that it is ready to explode any week now. These are CLEAR buy prices at this time. I'm in and ready for the ride :)
I use TD Ameritrade
Exactly why I started loading at these prices ??
I can see it happening. Limes up with technical analysis
Yeah she's way oversold now and ready to run
When ya have investors like myself that ditched this stock and are now buying back in that is saying something. This news is definitely not fluff and look at my past posts. I'm not afraid to call a spade a spade
Even if it's only 10% of the average buyers spending. That still equates to 3.2million more for the year. I'll take it. That right now is like packing in an extra month and a half of sales
The key word in there is "new". The people that they are selling to already are not new. This means an increase in revenue no matter how you slice it. I'm a buyer at these prices
Honestly billy, that's what I thought from .06 when the price target was .40 and it more than doubled it
Who knows, but that's not a good sign. They have always had them mid month. Next week is the last week so they are behind their normal reporting schedule
Lol I only valued their opinion my first month in stocks. After that it was not hard at all to realize that they push out articles to raise/drop the price for themselves with no solid basis as to why it should other than their opinion. Manipulating the price of even bigger companies this way. I swear the people that write from them are either doing that or are legit some of the dumbest people involved in the stock market
Exactly! At these levels it's time to back up the truck
The reason it is a great buying opportunity is because of charts. Oversold tremendously. It has bottomed out. The news that came out yesterday wasn't fluff news...what are you even talking about?
Just like the day shares are retired....been waiting almost a year for that. I'll believe it when I see it
The beat down is over :) time to run again!
No problem! Saw it on my TD account this morning so I figured I would inform everyone here since I didn't see it yet on Ihub.
Exactly right. It is a very slow process and at the same time no guarantee they even get approved. Where is the news we want to know? Revs? Debt resolution? Share reduction? I'm still waiting for them to fulfill last year's promises so excuse me if I don't give any weight to this "news"
News just released today---Emerald Health Therapeutics Completes Full Aquisition of Licensed Dealer Northern Vine to Advance Product Innovation
Http://www.globenewswire.com/news-release/2018/07/19/1539423/0/en/Emerald-Health-Therapeutics-Completes-Full-Acquisition-of-Licensed-Dealer-Northern-Vine-to-Advance-Product-Innovation.html
Saw the news on my TD thinkorswim
Headline says "to date" yet article says sales for the first 5 months...why hide June's numbers? Oh wait I know...bc crypto is getting slaughtered and they don't want the investors to know about their dumb decision. Recycled news upon recycled news. Even a blind man could see that they are manipulating this stock
Really? I don't? Do you do math dude? For real. I was a finance major and you can't even do basic math. They pumped out PRs like crazy. It's EASY to see that they decreased revs. They were doing ~2mil a month for the first 5 months. Now they said they did 10 million in sales to date?? Lol! That means they did basically nothing now. Thank that crypto "investment" lmao
Lol decreasing revenues. Just as I expected. That's why they said year to date and released a PR that's manipulative. Do the math. Last months sales were abysmal
That won't happen. Eat he'd this company for a year now and they don't release news after hours especially Friday. What news are you hoping for anyways? Financials? Hate to break it to you, but I think they are going to be pretty bad considering crypto has been getting slaughtered by the bears for awhile now. Price at the moment is much lower than when they bought the mining facility.
Yeah this stock had been a sinking ship for awhile now
I heard that rumor last fall and still has yet to be confirmed by the company so I personally would not put a lot of stock in the rumor
Pandoras box was already opened. Legalization will happen country wide at some point. How soon remains to be seen. The baby boomer generation are the most against it, but even they (the ones I talk to) are completely for medical at least. I was born in the 80s and the vast majority of my generation is for legalization even of they don't smoke it bc it's a plant that has numerous health benefits and these laws are ridiculous. I want true legalization tho where anyone can grow it of they wish and not need some permit...there is not true legalization if the government and a select few get to grow and poison it with chemicals
Exactly this! I was in this stock back in the fall last year and they were talking about share retirement. Almost a year later and still hasn't happened
Before today I expected either the end of today or tomorrow to be the new daily low. I can't see it going much lower with all of the recent news for CRON
I expect it to at least hit a new all time high this year. Look at the weekly chart it just broke bullish on top of the fact that recreational in Canada was said to be available by October 17th. The whole sector is saying bull on the weekly still so new all time highs for pretty much everyone of them. Can't go wrong with the ones in Canada since that is a huge catalysts for those companies!