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Looks good here! Holding key levels. Zoom out to the weekly and you will see the stair steps
So far we know (no opinion requested):
-CGRA rents land for weed growth. Reports say: Up to $2 million in rent once legalization takes place and expansion.
What else?
Thank you for the info
What do we know about CGRA relative to weed?
No opinion requested. Just want to start a weed thread of current fact
Dec 18
Decent hammer candle forming on the weekly. Often marks a reversal. Still have tomorrow. Anything can happen.
Mark levels
Define risk
Execute
Watch/wait
Thanks!
If you are committed to being in a trade for months to years, you use the monthly
If you are committed to being in a trade for
Weeks to months, you use the weekly
If you are committed to being in a trade for days to weeks, you use the daily
If you are committed to being in a trade for a day to several days, you use the hourly up to daily
If you are committed to being in a trade for 1 day or less, you use the hourly and below
*patterns are fractal in nature but they play out on their respective timeframe
*I didn’t make the rules. I’m just the purveyor of information
Nice stopping action the last 2 days. It’s okay if we scum the lows again this week as long as we close above 011.
If relative low volume, use it as a place to add more if you want some
Part of this game is being ready to pull the trigger and execute.
Do your homework when the market is closed. Analyze price and volume. Remove all indicators from chart (they are just historical data derived from past price action and they create noise).
Remove iHub and fintwit.
Analyze the chart. Mark levels. Execute quickly. STOP out rapidly when wrong. It’s a simple game unless you get your head involved because you can justify anything to yourself. Most of being successful in this game is managing the gap between your 2 ears.
This game is not about being right or wrong. It’s about a growing equity curve. If you cannot put your ego aside and accept that it’s okay to be wrong, you will not cut losses quickly and your equity curve will not rise because your losses are too large.
This is exactly why over 90% of players in this game lose.
Read this post many times. Better yet, print it and post it on your desk.
We could touch 011 again this week and this chart would still not be broken.
Maybe we don’t, but we could and it would be fine.
I’m with you. Just use the monthly and weekly here. Simple
Chart analysis:
Compare the price and volume action on 11/02/2021 to today…
They also loan them to multiple participants. Not a 1:1 ratio.
It’s just helpful to be aware of what actually goes on because that will give you some insight into what is happening on the chart. No sense in giving it resistance because that is just how this game is played
The price and volume action on the chart shows stopping.
You can think of a stock like a cruise ship. It doesn’t stop or start or turn on a dime. Bottoming or stopping action usually happens over a number of days.
At this stage, another shake out would be helpful. A run down below a penny but it would have to close back higher to be considered a “constructive shakeout”.
* before anybody mentions it, when I say “a shake out below a penny would be helpful” I am referring to giving us more evidence or confirmation that we are in fact stopping (not that we want or below a penny for More share accumulation. That is already done at this stage)
Your pivot is 0095, that’s your STOP
Man, I have no idea if there is any oil or not.
But if there is, this is the most
Opportunistic time possible to have some.
Of course we don’t know how it plays out. But I’m willing to make a bet. May or may not work. Just manage your risk. Simple as that.
Certainly anything can happen in the market, but it seems very unlikely that we close below 0.01 because there is significant support there.
Note that I mentioned close below.
Y’all
Zoom out to a weekly chart and tell me if you see higher lows and higher highs
Timeframe…
And true once again…
Be sellin when they are yellin
Be buyin when they are cryin
Wow CEO, you’re spot on
Holy smokes, what happened here?
This board is complete worthless trash again
Not an accident I’m sure lol
Zoom out and take a look at the price action on a weekly frame. Incredibly constructive action.
Lots of noise on this board. Let it go
Very significant support at 0.01
You can set your STOP for a close below that level. If we close below that, all good. Trade didn’t work. Just exit the trade and wait for it to set up again
Low-volume pull back to the 200 day moving average over the last eight days.
Extremely constructive action
Weed stocks seem to be getting love…
The gov needs money, obviously
https://mjbizdaily.com/south-carolina-congresswoman-mace-to-unveil-federal-marijuana-legalization-bill/
Inside week on weekly…
Do you understand what that means?
Forget the numbers here
Focus on 1.) filling is transparent
2.) filling is early
Tea leaves. Read them
Grateful to be involved…
No doubt
The Q was obviously pretty lackluster with respect to numbers. No debating that.
Except 1 odd thing stands out given this is OTC pink…
Complete transparency
Anything between now and when we hear if the LOI succeeds or fails, is simply noise.
We will hear about that sometime between now and 12/18/2021
Your shot is right now. The over/under price is literally right here.
Know your timeframe
If you’re here for a couple days, hourly chart
If you’re here for a couple weeks, daily chart
If you’re here for a couple months, Weekly chart
Weekly chart. Beautiful
Higher highs and higher lows
Stair steps…
Well that’s the risk here. That’s the bet. Big risk, big reward.
So much of life is about risk.
When you have a trade strategy, it’s a way to take risk, but also manage it
0135 seems important
See if you can snag some there. The risk to reward at that level is skewed in your favor
I’ll be a little bit more clear for anybody who doesn’t understand…
You do not dilute by adding shares to the float at a penny and a half. It doesn’t make any sense mathematically.
If you were to dilute right now at a penny and a half, you could add 10 million shares and only make 150 grand. There are 16-year-olds that have more money than that.
Put 2 and 2 together here
This name traded an average of under 1 million shares per day for a long long long time. Then we have a 100 million volume day followed by many days in the double digit millions of volume. But the share price doesn’t move.
It’s obvious that the makers are playing a game. They have an angle. And agenda. They will manipulate this stock much higher and the idea is so that they can sell into it. That’s their job. You would never dilute at a penny and a half. Makes no mathematical sense. It’s obvious what is happening here.
Obviously this company is going to generate some cash by adding shares to the market. That’s not new. It’s disclosed.
If I was a betting man, which I am…
I would bet that they are not going to add shares at a penny and a half. They are going to want the price much higher than that in order to make any money lol
Hahaha
Do you think it seems probable that the market makers might be filling up their inventory so that they can manipulate the price higher when it comes time to dilute?
Just a thought. Chime in!!
Hahah I love this post.
I suggest you correct your thinking haha
You’re not wrong
The right time, the right place
Happy to be here