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However, I can for sure say that the weekly chart clearly shows higher higher and higher lows. Indicating more upside to come…
Also, the chart is getting ready to break in a major way. Could be up or could be down. Nobody knows the direction. If you do, you are likely an insider.
So I am just playing from a probability perspective and given the catalysts and the bullish chart and the increase in volume and the increase in interest and the increase in social media coverage, I am betting to the upside. I definitely don’t know what is going to happen, but I like the probability for an upside move here.
You?
I would for sure mark the weekly chart up and post it, but I have a free subscription to the hub so can’t upload pics. Sorry!
On or before. I’m pretty sure it was in the filing. I wrote it in my calendar on the day the LOI was released. I’ll see if I can find it
I know right!
And that’s not my subjective opinion. That’s averaging the last 50 days worth of volume
Pretty low volume. Just chopping around over a penny. All good here.
Excited hear positive outcome of LOI.
Excited to hear positive outcome of Location and quantity of oil.
Excited to hear positive news regarding the marijuana operation.
* disclaimer: I have a large long biased position here. I am ready to add if the opportunity presents
Yeah I think so! It’s one of the reasons I am so excited to read the report about potential reserves. It might clue us in to the reserves in the land.
A potential catalyst. Things are in motion…
Lots of other Catalysts. I’ll stick around. I’m grateful people like you are here to spread positive and factual information, not just opinion. Thanks
I think that’s a fair opinion.
Based upon what?
Remember when 6 days ago the CEO gave us a bread crumb?
He said “things are in motion”
We have no idea how it plays out. All we can do is play the probability.
The chart suggests a large move is getting ready to happen. But which direction?
By using the comments of the CEO and coupling that with the potential catalysts that have been laid out and are supposedly “in motion”, I am choosing to play this to the long side.
How about you?
Significant volatility contraction on this name.
volatility contractions for a period of time precede large moves. Certainly the move could be in either direction (nobody knows), but how large of a move can you have down from this level?
The chart suggests a large move (in one direction or the other) is setting up to happen soon
Everything here is simply noise until we hear what comes of the LOI.
Should be before December 18.
CGRA, exciting times ahead!
Penny seems to be support
Unless you see a high volume close below a penny, it’s just noise
Thank you for your persistent, honest commentary on this board
Have you ever taken the time to read and understand my posts? Just asking
That $100 million day a few you weeks ago:
On that day $2 million dollars traded hands in this penny stock. That has never happened before. There have been many days where this name has traded 2 hundred dollars.
Not an accident. Read tea leaves…
Wow. Sniper
Still making higher highs and higher lows on the weekly frame.
That’s all you need to know
Still being supported above a penny. Look for a high volume close below a penny as your indication that you are wrong.
If wrong, take loss like a big boy and close trade
If above a penny, know that it’s noise
Thanks!
Price quote 0.011118 hahaha
Finding pretty heavy support at the 50 week moving average
Shivers
Where is this info from?
Not an argument, literally just a question because I will track it.
Thank you!
If it’s gonna crack (which it might), it will have to get under a penny on high volume.
We will see. Trade what is happening. Don’t gamble
That being said, you have to trade like playing chess.
Since computers and the internet have lessened the barrier to entry in the stock works, lots of people participate now. Of those, many have learned basic technical analysis.
So in this day, playing technical patterns doesn’t work as well as it once did. You have to now think several moves beyond the basic technical set ups and play the other traders.
You know the technical patterns, and now you have to anticipate what the herd will do if that pattern plays out, and what they will do if it does not.
Trading is mostly psychological. That’s why so many names get manipulated and bashed. It’s just a method of suggesting the unsuspecting herd (stock players) think something.
But it’s often without merit. It’s often the same thing repeated. But once you know the purpose of the non-fact, repeated comments, you no longer fall victim to it, but instead leverage it to your benefit.
#Awareness
Looking good here! Support above a penny
Low volume pull back to the 200 day over the last 2 weeks.
Lots of people have learned technical analysis and so the standard way that makers “work” stocks doesn’t work as well.
As long as this stays over a penny, it shows that these low volume pullbacks are intentional and can be viewed as a reason to buy. To play the counter trend move.
A high volume move under a penny will negate this and cause you to STOP out of the trade
Same! For a minute, I was thinking only weed. I kinda forgot about the oil lol. Silly…
For sure. They seem to be supporting it over a penny.
That’s a huge change in character for this name. It was under a penny for quite some time.
The fact that it has been supported over a penny since August 2021 has given me a confident level to bet against.
Of course anything can happen and I don’t know what will happen next…
All we can do is keep playing the probabilities. Take bets where we think we have an edge, and manage our risk.
Which catalyst do you like better?
The prospect of capitalizing on weed or oil?
Or both?
Haha
Well then what happens if cgra has oil?
What happens here is weed is legalized?
Do not engage
Hahah
No doubt.
#weekly
#blinders
#nonoise
Where do you think we close? I bet above a penny
We do not want a print below a penny. Given that that is not happening, read the tea leaves
I’m telling y’all, this is a normal and expected move. I said it yesterday.
If you want a risk defined area to place a bet. Now is your shot.
Here kitty kitty kitty