Hello my name is Tom
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when tilray and some of the other big dogs sell off a bit that money will be looking for a new home
Aurora is also not anywhere near its all time highs and yet they are talking with coca cola...
There will be a rotation cycle coming I think
Tilray has advantages of being an IPO, and one of the few nasdaq MJ stocks.
if there were 50 nasdaq MJ stocks it probably would not be blasting higher as much
I will take steady 2% gains each day any time. Fine by me.
The big PR which doesn't need to be released is that EMH is ready to supply HALF of Canada's cannabis demand next year if demand is there.
from a technical analysis standpoint, EMH broke north from the symmetrical triangle pattern on September 6 on confirmed bullish volume
then the price came back down and retested the apex support of the triangle.
now the price seems to be resuming its upward trend higher in the original direction of the symmetrical triangle breakout....
nice technical action...
P.S. and price is trading above the 50 day and 200 day moving averages which could support a golden cross in a few weeks.
In summary, the trend is UP
would not be surpised at all to see the EMH price blast up to 8.00 within a week or two short term type move
EMH is trading with unstoppable confidence... The coca cola CBD talk is creating an environment where some very big fish want to swim in this pond too and that means huge investment, buyout, funding, growth, etc etc.....
There seems to be a huge macro trend taking place as we head towards 2020. Governments worldwide are going broke and they NEED more money. Legalize MJ more and more maybe ? ;)
If we start to see any headlines about *shortages* then I can see EMH and other MJ stocks start to really skyrocket north.
Plus it just seems like a matter of time before EMH gets a huge consumer staple partner.
What a total joke.
The USA might as well just ban all Canadian citizens right now instead of picking and choosing and harassing them at the border after Oct 17.
This is government gone totally out of control.
thanks for posting those sir.
on the HMLSF there is a CLEAR retest support level of 15 and change...
seems like it is time to test support soon
I like the energy of this company, its recent initiatives etc.
But I have to admit I don't like how they are constantly being compared to amazon, the weekly youtube videos and excessive promotion.
If N.V wants to be the greatest MJ company and the world then just DO IT. Get it done. Talking and promoting about success all the time does not lead to success.
Am I being too harsh?
I never remember amazon.com doing so much promotion when they were starting up, they just got the job done.
yes but the nearer term question is if we not get any sales license friday does the stock tank into deeper correction.
The bottom line though is that there is this huge forward looking event of October 17th.
Whether all these MJ stocks continue to move higher after that into end of year is up for debate.
Depends on demand numbers and if shortages start to occur.
$154 or $38 per share ? Choose your target
https://investinghaven.com/commodities-gold/emerald-health-therapeutics-stock-forecast-2019/
this is starting to look like it wants to blast up to the previous all time high of 4.36 (canadian symbol n.v) right INTO the sales license
The short term timing is really tough because of the potential for expected news (ie. license)
RSI did reset quit a bit to close this week.
Is it true that license decision is only made on Friday? If that is the case then it means we have another 5 more days of potential consolidation.
Perhaps there is selling follow through Monday and Tuesday, then the September 12 party which could put a floor in the selling and lead to a bullish reversal and somewhat flat prices into end of next week, then license next Friday leads to a new blow off price move higher ?
The bottom line is that the canadian symbol met resistance at 3.24 level and the selling at that zone was to be expected from previous holders who wanted to get out last year.
So a few more days to clean those sellers out then opens the door to attack 3.24 again and succeeding above 3.24 opens up to much less resistance and blue sky type price action
not bashing here, but Namaste needs to get this sales liscence asap.
RSI is extended out to 93 or so. It can still zoom to 97 or 98 on monday but I only see that happening with the sales liscence in hand.
RSI needs to reset back to 70 zone.
https://www.forbes.com/sites/kriskrane/2018/05/16/big-opportunities-in-europes-cannabis-market-come-with-big-risks/#18e74c586d9c
I traveled to Berlin, Germany, a few weeks back to attend the second annual International Cannabis Business Conference. If turnout at the conference was any indication, interest is running very high among entrepreneurs and cannabis-business owners looking to capitalize on the prospect of an expanded European cannabis market.
There’s good reason for the excitement. Europe is home to more than 740 million people, a population more than double the roughly 360 million people that live in the United States and Canada—the two largest cannabis markets today. If we accept that legal cannabis sales in the United States could reach $75 billion by 2030—a recent estimate from Cowen, an investment banking and research firm that covers the cannabis industry—then extrapolating that number to account for Europe’s much larger population offers a crystal-clear reason why established cannabis companies in Canada and the United States are now turning their attention to Europe.
Before 3 day holiday weekends, and on last day of week and last day of month it is usually good to see price perch just under key levels or resistance.
This way, it acts like a form of rest or potential energy that can build up over the long weekend and then blast higher into the new month.
Namaste scored a 10 out of 10 on this trading metric
I also consider it a positive that the N.V canadian symbol closed above round even number 2.00
2 is now the floor for the rest of this year
That seems like a smart strategy and was thinking the same. However I suspect that the 'sell the news' portion of the tape action will be short lived as we likely to see a tidal wave of corporate action items unfolding in addition to anticipation of the next big forward looking date of October 17
What is the point of having medical mj if the entire country of Canada is fully legal all mj on October 17th?
Why does someone need an prescription if they can buy mj anywhere after Oct 17
I would not describe this tape action as bloodbath. Rather massive accumulation wave that got a little ahead of itself with huge opening gaps up.
Now fill those gaps, make a small base and then trend higher again
we need to go down and fill that gap on N.V at 1.73
Not that I want this to happen. But if the democrats take control in the November elections this year and/or if Trump is impeached and/or if Jeff Sessions is replaced it would turn the tide towards USA favorable MJ
So the namastemd app is not for use in USA at all correct ?
Can't believe that the USA is still an untapped market
If namaste can really get 100,000 medical patients by the end of next year it would put it ahead of the entire group.
Seems that is worth at least half the market cap of canopy growth.
What minimum price do we need on the tsx.v for NASDAQ listing ?
Seems like the price might get there on its own
Interesting technical analysis FACT about Namaste trading on the TSXV
August 9 was the lowest total trading volume day 341,000 shares since the bear market started since october 26, 2017
This could be interpreted that August 9th was the final extinguishing of sellers and now bull market trend can resume.
So why don't they just name their main website cannamart and then just add country specific domain extensions.
ie. Cannamart.de
Cannamart.jp
Cannamart.co.uk
Cannamart.com
How exactly does this company make money if they do not cultivate MJ ?
Does anyone have an investor detailed PDF on the investor case for Namaste?
No offense or anything but this IBOX needs to be updated to get new investors up to speed on the buy case.
How many total mining rigs are in operation right now and how many total planned by the end of this year ???
Thank you sir, much appreciated.
how many total mining rigs does MGTI currently have ?
Why did intv block me on their twitter account? I have never posted anything on intv's twitter. I was only subscribed to updates to follow the company and bought up to 30,000 shares...
huge mistake blocking me, very misleading ... is he blocking everyone randomly ?
why would you want to block someone that is a bull on the stock buying up to 40,000 shares....
Huge potential market, approvals in major economies already, so now all they have to do is convince doctors medical facilities this is a product they need/improves patient outcomes.
The HUGE market potential here is compelling combined with the fact that so many people have had this test it seems to create a strong demand awareness for this stock for a better solution ?
14 million such procedures done in the USA alone ?
and they have a patent in china already ?
seems like a 1 billion dollar market cap is appropriate just based on the potential alone...
https://www.nytimes.com/2013/06/02/health/colonoscopies-explain-why-us-leads-the-world-in-health-expenditures.html
it is interesting the price of btc zooms down into the conference. maybe this is a huge spring to launch higher.
looking back at the old prices of btc 2013 to 2015, there were some huge one day shakeout spikes down. seems the volatility is much less these days.
i guess we cannot rule out one more huge spring down and shakeout.
this was a good piece worth watching and I agree with his analysis
https://www.cnbc.com/video/2018/05/10/fundstrat-technician-sees-a-big-breakout-for-bitcoin-in-the-charts.html
he might be. No idea. Is it important?