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Chart looks like it wants to make a vertical break to me
Doesn't matter how good this company is
The sector is taking a break and will take off again in jan at some point.
Its frustrating but it how these things move.
I doubt we will see .125 until next year but by feb we will have a new 6 month high
I think what we are seeing with the stock price is what multiple blogs told us.
Once we are in the stock and have seen what it can do its hard to not think itll go up again
We were told the sector would sell off till the end of year after election and looking around the sector that exactly what is happening.
I think we shouldn't expect much for next for weeks
Does cannavest have anywhere close to that much money to pay out?
I would think if it looked like mjna was going to paid that much money the stock price would be a lot higher than it is now
So today was a test of an assending trend of the last 6 months assuming last week was a false breakdown.
If we hold here its blue skies.
If we fail we test low 20s again.
Important hold area. I bought 50000 more shares at end of day
We'll be higher tomorrow. We are just setting the chart. If you go to 6 month ameritrade chart we are at good support if we close right here
On fastmoney. Just to let you know so you aren't sitting around all afternoon so within 15 min
Cnbc is about to have a segment on how pot is going to be bad for beer stocks.
Dont know if itll amount to much but ill be watching
Ill get back in before .104 if twmjf crosses above 8.5 again but i think it is resistance for the leader and think if another attempt at crossing it fails we will see the selling snowball
I think we get down to .104 and ill buy again
I sold this morning and bought nugt
Well maybe i an stupid but im within 10% of my high when all these stocks have been split in half.
I think we start over .115 and not hold it but we'll find out soon i guess.
When did we bounce off .094? We were in the .08s on wed and in the .10s and .11s today so if .094 was support then its broke
I agree we go higher i just think we drop first
No definitely not .04
At worst a spike to .065 but i doubt it prob test .09 or something then climb back from there
Topped not tooped. Damn phones
Im a big fan of this stock but think we have tooped out short term.
I dont think this thing likes .115 yet and looks to me like grnh and twmjf are a little toppy.
I think we head lower for a few days which would be understandable after moving 35%
Yes it is canadian
The chartman dan refers to it all the time
As twmjf goes the sector goes
I thought we would bounce down to .0725 and we were no where close which also scares me
.071 is the low from a few weeks ago but .0725 would be a 50% retrace from highs since then and would be normal
Not comfortable
I agree its just an oversold bounce it pains me to say.
I shoved all the chips in from being 1/2 invested on the way down but im not going to sleep well between now and Fri.
What has me worried is the granddaddy of the sector twmjf did not go higher then yesterday's high although others did.
Im thinking up fri morning and close lower by end of day
Id like other opinions
Went through these types of pullbacks with uranium and rare earth metals.
They are sharp and ugly but end up being a buying opportunity
Corrections are sharp and quick and bear markets are a long drip drip.
Looks like we need to chart out about a half cent lower then head higher
I totally agree with you.
The charts were in no mans land and it was pretty simple to see where we were headed not only that but some of the chart guys said it.
I would like to know the intra day low on nov 11 was.
We'll trade down to that intra day one of these days soon
I think most of you guys are being a little dramatic.
The whole sector is getting slaughtered and i for one thought we'd get down to this area when we started breaking down.
Was hoping for .32 but my buy didn't trigger.
I think we go down to .3 in morning f not .29 and end the day higher
Some of the technical guys called for this.
This is what these pages always sound like at the bottom
If you look at all the 1 year charts of the u.s. names we look to be ending the day at a good spot for a nice lower notch in the uptrends
My guess is we close around .98 drop down into the .08s in morning and go for a nice run higher
A lot of us mj look like they are finishing the low end of their charts. I think we close in mid .09s then shoot down after open tomorrow and close higher and finish week higher.
Just a hunch
Before the bell or after trading?
Sorry about spelling
On cell phone
Nice article
I was hoping the new ipo would bring a bunch of attention to the sector but it right before thanksgiving so cnbc won't be talking too much about it probably
The will be talking about Christmas sales all week
Hopefully we get something
Fridays and mondays have always been huge for mjna
That and with an ipo bringing attention to the sector next week we should be looking good
Lately Tuesdays have been ugly
Be careful. If it takes off hard in morning we are screwed
Slow and steady we might be ok
Anyone know the intra day low on fri
.077?
Next resistance would be .154 if so
When
I watched half time and current one
I haven't seen that
I saw the story on closing bell but they didn't talk much about specific companies
.11 is going to be a pain in the ass to get by
Clay yesterday said it was resistance and sure enough we got turned away
Some of these stocks are passing there highs of yesterday which is very bullish
If not today then Monday forsure
We forsure test .133 if we get passed it which was the 50 retrace from the high then maybe .16
There is all this talk about sell the news from the election and we will see nothing but red till end of year
Im starting to feel different
Sure we have sold off but we sold off much harder and faster than before
I think some of our Canadian names will start to get talked about on cnbc and bring massive attention to the sector and spring us well up the charts as investors look to find something not so overbought
I truly believe we are right at the bottom
Look at trtc hemp grnh ect these have all completed their charts
Big reversal now
Buy
Bear market rallies can be faster with higher percent gains in a short amount of time than original bull markets
I still think it'll be a long month or 2 but to miss a snap back rally can be more frustrating than missing the regular rally
We'll sell down in morn then run hard rest of day and Monday
I think downtrend will continue but we are getting very over sold
We will bounce around in technical areas yet continue lower
A gut feeling and have been doing this for a long time
Thats where im getting it from
If we hit .08s today ill buy then but think we go to .095
My feeling is we bounce down from .095 at close today to .08 in morn and rally rest of day tomorrow and monday to around. 15 or .16
One thing i see that is a little bit different is back then it was a dripping down
We seem to be doing a one time flush out here so do we go back up and drip down or do we drift lower from here?
If we pop back up and drift lower that would be pretty upsetting to miss that move
Purely technical selling
Every one of my stocks ended up on a nice support level
As soon as they quit talking about trump on cnbc they will talk about this sector because of the election
We will start seeing these tickers on the screen of cnbc and thats when you start trimming
Purely technical selling across the board
Perfectly healthy from erbb to snra hemp trtc
All these things ended on an area of support on the charts
Big big buying tomorrow and for rest of week
These stocks trade off of past charts
I went through my portfolio and looked at charts
Almost every one is at a long term support and will most likely close on these levels
Just let it be give on today and the sector will be on absolute fire rest of week