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A man with a plan, I like it. It will eventually get there
LCK
Big ol stinky dump!!!
News seems to be exit liquidity these days….
Anyhow, going back to enjoy this epic beach in Casey Key. Florida is so lovely, appreciate the people running this state. Great job….
LCK
Boom shakalaka!
Viva La Florida
LCK
Didnt I read on here something about a chart pointing to consolidation? Ehh….musta been a dream
LCK
Haha, I wish…pure luck…also disciplined risk management for my style of trading/investing. You have to love some of the “lifers/bag holders” flexing their paper gains this morning. This is the OTC, they should know better by now. They nuked it at the close! Lol
I’m going to look for a re entry now…lighter position
LCK
Ok I’m back an hour later after my last post….the close today is one of the reasons I’m in and out, complete shenanigans . My exit was above these prices, I actually had a stop at 11.80ish that would have ticked. I live to play another day….lol
LCK
Yea brah….it says it might go up and it might go down. Boom shakalaka
LCK
Yep, your totally correct….in retrospect I went in with too heavy of a position to only have the daily consolidation cause me to exit and not bag hold through i comfortably. Weekly looks great…..note to self when I renter
LCK
Good stuff….great close, I got it wrong….actually I’m out with profits so that’s not really wrong just left some on the table. Still have my darling Jushi
LCK
Wow that was lame….weak performance. Most likely headed for daily consolidation. Exit today for me unless I see some strength
LCK
Shakin’ dat tree! Close above 12.54 and the daily higher low uptrend continues. Still got my swing position
LCK
Good stuff Cabo, I think % gain/loss is more important than dollar amount. Has helped me get to another level when investing/trading.
There has been a correlation of crypto/cannabis and the way they trade….Bitcoin up, cannabis down and vice versa ….well today BTC is -5% so lets see if we continue the uptrend here. I see overhead resistance at 15$
Residency since 82’ ….whats the criteria on being a local? 3 decades should suffice
LCK
Nothing like a late day nice, stinky dump…
Lightened my load by 30%
Viva La Florida!!
LCK
Remember kids, we are still free enough to move to a state/country that aligns with our values and our identity politics. Its alot more of a statement than complaining for years about it.
Viva la Florida!
LCK
The people who say don't follow charts are bag holders that told everyone to buy when it fell into a downtrend and dropped 90%
You don't need an extravagant set up. Its knowledge of the basics for entries/exits and learn to keep the emotions in check. Thats it….my portfolio performance for 2023 was +324% ….that was with from my phone
All the best Cabo, better times ahead for this sector Im hoping
LCK
Total scam candle at the close imo….it was going to get away from them and they weren't ready lol….I saw 12.30 print once it broke out.
I believe this ticket could gain some traction on the ballot news. Deadline is April 1st and Trulieve has ALOT to gain if cannabis goes rec in FL. Feels like these tickets are itching to break out. I like the empty pocket up to that 18 range
LCK
Just seeing this now…just got the break of 12.08 and hammered it down at the close. Heavy volume at the close on the ETF and a few others….maybe they let ‘er rip?
LCK
What do you see in the chart that says 13$ is coming?
LCK
Back in with mid 3s average. I exited before BK exit, was not sure how equity/warrants would play out. Was the right choice for me, my average was .05 out at 1.20
I like Core, its been a laggard in this sector and hoping for a nice performance thru the having into the bull phase. Only miner Im holding now.
LCK
I’m out, sold into the bounce. Like you said….show me the money
There will be a play here, not interesting enough for me right now. Look forward to our next pow wow when we get some headline news. Hope your still crushing your other plays!
LCK
It’s a joke at this point. I sold everything cannabis related early in the week, hold a small amount of TCNNF but that might go today if it doesn’t recover the EMA12. No sense in holding bags for me while these knuckleheads try to figure everything out. I would rather pay a premium on concrete news
LCK
The fact that the cannabis sector is not participating in one of the biggest bull runs in history is not only alarming but a bit of a red flag. Doesn't matter what your flavor is…semis, tech, Bitcoin, S&P all putting in new highs and absolutely ripping faces off.
No one wants these weed turds, need a headline to play catchup
LCK
Gap fill on AYWRF….got me perked up also
LCK
As long as we print a higher low on the weekly and consolidate there, we are golden…
Gonna let the indicators settle down and see where we land, kinda saw this coming with the X hype/tweet lol
LCK
I will drop the charts when you drop the Pom poms
.58 cents away from my target
HoldHigh Free 01/29/24 6:19 PM
Post #17,930
Once the ballot shows MJ on the FL ballot by Friday, we should see another bump up. I don't think we retreat to $7.50. IMO, This thing is moving higher. Drop the charts, we're seeing the results of positive news anticipation. DeSantis already said it's probably gonna be on the ballot. Hang on.
Trump will probably try to take credit.
LCK
Well, that was a beat down….might add if we see weekly consolidation. This flush was deeper than the charts would like?
LCK
Holy smokes that was an arse woopin’
They need to leagalize weed so the cannabis sector bulls don’t have a breakdown
Watching the weekly, currently way under support and a lower low…..not a good look
LCK
Maybe today?
LCK
I’m sure todays flush triggered some PTSD for some bag holders from 2020
I rotated a few things, held my TCNNF position. Money is rotating thru the sector imo, some tickets got hammered, some were runners….good sign
LCK
That gap open today was very suspect. No reason for it especially with a bit of bearish sentiment starting the trading day. I read a comment of MMs possibly setting a local top? Gotta love the OTC….
Any thoughts?
LCK
Would love too see a close above 1.00 and flip it to support
LCK
I don’t think there is enough meat on the bones for them, could be wrong…..some kind of reform is looming, looks like downside is getting eaten up….higher lows on weekly/daily here at camp TCNNF
LCK
Hey Locksmith, watched a nice livestream with the Chart Guys….all about volume profile/ POC etc…..TCNNF/ MSOS and few other tickets.
Thought you might enjoy
Cannabis Stocks Volume Profile Analysis with @ChartGuysLamont. A different style of technical analysis. $MSOS $TCNNF $TLRY pic.twitter.com/KwKTY3fTkd
— TheChartGuys (@ChartGuys) February 6, 2024
I agree, another cannabis sector chart friend shared the volume profile on this. Honestly, if it can chew through this 12-14$ area it looks so clear overhead. From my view the hardest work is in this area (have worked thru a lot of it ) and that 14 range.
Positions in this and MSOX….
Let’s boogie
LCK
Thanks, love the insight in my DM…much appreciate it.
LCK
4-5 I believe
LCK
Would you feel comfortable making a suggestion on the option chain? I know that’s a sensitive question. Feel free to DM me
I limit bought the ETF this morning with a stop at the breakout level, getting riskier….see how I feel at the close.
This ticket looks tasty, banging its head on .95….a matter of time
LCK
Thanks, great perspective. I still don’t have enough confidence on the options and I’m sure there is a ton of opportunities on the ETF. Appreciate it…need to sit on my hands today lol
LCK
Ok, what’s the thoughts on this ticket? Chart is not so clear as the other….lots of wicks off that .90, a break and hold above that would be ideal Im assuming. On the fence is I trade this one because of that resistance or hold, see how the day unfolds…
Edit~
Looking at your closer view of the volume profile, it broke and closed above the trend line. Seems like ALOT of runway above this .95ish….kinda clear to 1.40ish
LCK
Thanks for the props, you understand I can see by your use of the word “tool”. That’s what charting is, not a crystal ball….
Now looking at this “tool”, imo your purchase at 5 was a good choice. Props to you for working through the trauma of a 95% draw down and still willing to get back in. Be smart, stay sharp
All the best, let’s hope this is the start of another epic run
Surf is on fire today in S. Florida …..time to get it
LCK