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Congrats bulls! While not the 2014 explosion and volume, this move in MJ the last month has seen steady higher lows and higher highs, building support on the way up.
I will make a follow up MJ sector video to my prior 18 minute video this coming weekend where I highlight a lot more individual names.
I would not bet bearish... but history says profit taking.
I remember saying "oh." On the reaction to the first states ever legalizing, and it made sense because they were pretty much a sure thing into the vote.
Now if we have 2-3 states on the fence and it goes bulls way, that is a different story.
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Just trying to keep it real for the newbies to the sector. Very easy to lose big and emotions run high... which means mistakes run high.
No position, but consolidation looks healthy after today.. lots in the sector continuing strong. Tough mid .09 resistance the bulls need to break.
Just want to make everyone aware that there is very unlikely to be a big spike the day after elections, all of the polls will already have the results priced in before that day.
Best of luck!
Out this morning, one day trade.
Not the type to bash for re-entry... but volume today a bit concerning for bulls. Will keep a close eye on consolidation.
VIDEO: GRNH Technical Analysis
https://www.chartguys.com/tickers/tcg
VIDEO: GRNH Technical Analysis
https://www.chartguys.com/tickers/tcg
Oh I remember ya.
What in the world did you guys do for the last year and a half+ ?
I started a technical analysis education website and am slowwwwwwly introducing people to this sector... with tons of disclaimers : )
Ihub does not make up the retail market :)
My point was that 2014 was very clear when big money stepped in, when hundreds of millions of dollars poured into the sector.
Also, historically, the voting pops are far smaller than the new year pops looking at the 7 year monthly charts.
The market will have factored in any votes legalizing long before the votes come in... polls are very solid predictors.
Remember CO and WA sell the news legalization reaction the following couple days?
Hahah I am not there now... I just so happened to be there when money started growing on penny stock trees. I went on a 6 week vacation and came back with about 2,000%+ over what it cost.
http://i.imgur.com/T0xmk9h.jpg
Beach 200 ft away... get into MJ penny stock, hold overnight, sell the gap up, rinse repeat. Account went a few hundred % That month.
Sorry to be the sour puss but I dont expect the same moves on this run. I feel the bubble burst and personally I am very excited for NYSE and NASDAQ IPOS for legit plays.
My concern is dilution of money... meaning in 2010 there were 8 companies and the money all funneled in... now we have what, 2-300? Tons of choices out there (obviously the vast majority illegitimate).
2014 was the entrance of big money into the sector for the first time. Way more than retail $$. In my opinion this move is still retail $$ and once we start see $1-2 million traded a day we can think otherwise.
Congrats on the gains! I was on a laptop in a hut in Costa Rica feeling like I was dreaming.
Who the heck is in charge of tagging .0945 before the close that did not!?
hidden ask gone. Looking for a strong close indicating a gap up likely.
Sweet bid .089, biggest of the day by 100% , ugly hidden ask .0891
Technical Analysis and charts. I posted one over the weekend covering the sector and GRNH was among them.
Started to build a position this morning... will do another video after close.
That indeed good sir. GRNH big time watch tomorrow, it is my favorite technical setup for this week. Just need to knock the .0825 double top and give me 7+ million shares traded.
Video: Technical Analysis of Some MJ stocks with GRNH included.
Video: Technical Analysis of Some MJ stocks with OGI.V included.
Video: Technical Analysis of Some MJ stocks with ACBFF included.
Video: I traded Marijuana stocks since 2010. Some insight into them.
Thanks!
Neo! Hope you are well.
A little late to the party and catching up. If you could please PM me your top 3 (GRNH stands out technically but lacking the $$ volume) I would greatly appreciate it!
Hey dad, long time no see,
Did those dividend shares ever become free trading?
Thanks, hope all is well!
Video: I traded Marijuana stocks since 2010. Some insight into them.
Thanks!
Thanks for the info. But the gains are still there from pre R/S right? Meaning the % move from the lows in 2010 to 3.40.
Maybe .005 does not show up on the current chart due to R/S refection, but those shares were available.
Video: I traded Marijuana stocks since 2010. Some insight into GRNH
Thanks!
Video: I traded Marijuana stocks since 2010. Some insight into MJNA
Thanks!
Video: I traded Marijuana stocks since 2010. Some insight into HEMP
Thanks!
NEW INDICATOR: How I use GOATs to Trade Stocks:
Was all over them 2010-2014... out of the loop the last 18 months trading the big boards. Chart looks good with higher lows and holding middle BB though. I run a T/A teaching website and live market coverage webcam. Will have my eyes on TWMJF
Marijuana penny stock veteran here... TWMJF huge volume day was like $600k... we saw scam companies getting millions in volume multiple times in the past years... how are people missing this legitimate opportunity?
I expect the gov to sign the bill, I do not expect any revenue from the processing facility to show up for at least 3 quarters... in penny land that is A LOT of time to sell share unfortunately.
We will see if we have an Autumn run as we have in the past, but we will not have any news bigger than the recent NC hemp legislation in this quarter in my opinion.
Friends don't let friends buy penny stocks after 50% moves in 4 days have already happened : )
Not sure what you mean : )
I have been selling in a few chunks, ended at about 22%
I run a stock trading website (mostly big boards) and HEMP has absorbed our selling from .05 load very nicely.
Friendly reminders:
#1 Dont get greedy! Set your sell targets and execute
#2 Dont fall in love... this is a penny stock
#3 Penny stocks are for trading, not investing.
#4 millions of shares were bought at .05 and profit taking will occur.
#5 Use charts! What is 50 day moving average resistance?
#6 Sell on the ask, into buying pressure, not after the top into the bids.
#7 I hope everyone makes a million bucks : )
I am out (a little early but happy with gains)
Volume indicates some more green tomorrow.
Nice trading brothas and sistas!
HEMP +40% off .05 endless loading opportunity.
All out for now, MA(10) weekly .069 resistance scared me off : )
Thanks already locked in some profit at 22% and looking for more on Monday. I do not care what shares they are... they are being bought and the price is appreciating which allows for profit.
Charts and technical analysis all day
no one can complain about this volume! 1:30 in and we have a good days volume over the past month already. .059 is support and bids appearing over .06. CLOSE over .06 will make the weekly chart look fantastic.
Posting here because my trader friends showed up. I was here giving the legislation news at .05.... that is 20%
HEMP volume is great, higher high and so far a higher low. All good things. Need bids to show back up over .06