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A lot of positive indicators going off short, mid and long-term here. Possible reversal maybe? We're getting some bullish divergence on the RSI along with what appears to be an uptrend. Broke through long-term resistance with heavy volume.. that resistance now acting as support. SMAs holding very well. 15 on the daily is turning up for the 1st time in over 6 months. Weekly MACD on the verge of crossing. Not to mention Canopy Growth held it's support and bounced at a very critical juncture. Now if only we can get some positive catalysts and break back above 9. GLTA!
If he has so much faith in this company, I think it would be extremely hard for him to sell at these low prices. Wouldn't it be for you?
All good points. Thank you. Managing risk is key
Today's dip was the opportunity I was waiting for. I missed the initial surge and refuse to chase. The sector is showing signs of a possible long term reversal. We have solid support at $7.50 US$ and held the hourly(200) and daily(15) SMAs. I'd like to hear your thoughts? And how about you deadjim?
Doubtful, I see .68 as max pain in the short-term but who knows
What are people's thoughts on NASDAQ uplisting? Are we expecting a rejection notice soon? I doubt our SP is up to par at this point.
Possible inverse head and shoulders pattern forming. If so, we may retest the 10.30s before liftoff
Let's try to keep our statements reasonable. This is absolute nonsense
I agree, possible exhaustion gap here. Report wasn't as bad as many were expecting. Momentum seems to be shifting to the upside here in the 9.40s. I'm going to take a gamble and swing this. GLTA
Negative. I meant our short-term resistance, referring to the 10-day downtrend we've been stuck in. If you take a look at the intraday you will see we broke through it on Friday, which opens the door for a possible (continued) bounce before earnings.
Love your charts.. simple and effective. I'm sensing the same thing. Nice price action today. Broke through that short term resistance. I'll play this bounce (hopefully) for a couple more days until the quarterly report. Not too optimistic about the revenue #s. Will be looking to re-enter around that gap you pointed out if they indeed disappoint.
Heavy resistance here at $10.80. Let's see if she is able to break through on volume. If not, we'll likely be seeing some 9s next week
Thank you. Just bought myself 3 bottles.
Currently testing the weekly 200 SMA. Hopefully she holds. I couldn't resist moving some of my itsy bitsy over here at these prices.
Amen to that
Nice, I'm jealous. I caught the falling knife in the 2.20s. Surprised to see this drop so badly. What are your thoughts on their business model? It seems like they are focused more on selling bulk extract rather than creating a brand name. I use their product and it works great. The quality is there and I love their price and labeling. They specify how many mgs of hemp extract vs. CBD per capsule. I just wish we were seeing them in more stores.
I agree. Solid support there. Same range I was looking to add.
I thought we were sticking to facts? This sounds like an ASSUMPTION to me.
Seriously? TLRY is a horrible example. They had already been uplisted before acquiring anything to do with CBD in the US. You don't think it's strange that CW mentioned uplisting a long long time ago and has yet to apply? And also if I remember correctly they were talking about applying to the NYSE instead of NASDAQ. Hmmmm... You don't think that might have something to do with CV not getting accepted yet? Maybe CW is watching and waiting because of the cloudy environment of CBD right not.. seems like a logical assumption to me. What is your theory on the holdup with CW?
Great post and well stated opinion. Not sure if I agree that selling the company is the most likely scenario but it is possible, and I would not mind it.
Haha I love that. I'll be right there with you.
Sorry to hear your mom is in such pain. Hopefully it works for her. I too take it for pain (not as severe) and need 30-45mg (of Elixinol) daily. So don't be afraid to up the dosage if the recommended amount isn't working. It has helped tremendously for me.
"Who is smarter? I def make more than you do in stocks that’s for sure ha ."
Barf. Come on man, act your age. You definitely take the cake with the most immature, childish posts I've seen on iHub. Go back to the Charlotte board where you fit in nicely
Yes ST, I would genuinely like to hear your concerns and possible scenarios if you don't mind sharing. IMO that $4 support was a big one and when big ones break, share price usually gets slaughtered. The technicals are starting to break down on the chart and IMO shorts are taking advantage. I was hoping for a bit of a bounce though (usually it does) and unfortunately added at $3.45. Will add again in the high 2s I guess
Wow what a horrible day today. I figured we would drop post earnings as we always seem to but not this much. Hopefully everyone has some cash on the side to add in these situations. Looks like we're sitting on a decent support here at $3.25. If that gives out tomorrow morning (my guess is it will) we have another solid support at $2.85. That's where I will be adding.
It's very simple. By talking to people. Try it sometime. Go to family, friends, acquaintances, random strangers and engage in a conversation about CBD. I've had many, many of these conversations and have found that about half have even heard of CBD and none of them know much about it except for the word on the street which is basically that CBD might help with pain and anxiety. That's the extent of an average person's knowledge at this point and to be honest it is quite frustrating. Keep in mind that this industry is in its infancy (which is a big reason why we are all investing here), and as it matures, people's knowledge of hemp extract and CBD will expand. As far as the labeling goes I think it obviously has to do with potential FDA preparations and absolutely NOTHING to do with your group study theory. And MC I agree with you about this board.
I think you make a great point and this was a slight concern of mine as well when I went out to purchase the three brands of CBD/hemp extract I'm investing in. In fact I didn't even order Charlotte's Web because of this + their pricing. With that said, I have no doubts in CWs quality in large part due to the excellent DD of Darth, but as you said, the typical (confused) customer does not know this
These cheapies are too good to pass up.
Reloading here (15.38). Solid 50% retracement from June lows to July's top. Should also have a strong support from the 50 and 200 SMA. Can't wait (hopefully) for some BIG news to get this thing really moving. Hey Darth, thank you for your valuable knowledge of cannabis and farming. How are your gap trades going?
I agree, but I'm hoping to add some low 15s before it does.
Maybe we could coordinate something using Venmo? Elect someone in charge? Just an idea.. It has been a very reliable source for transferring funds to family and friends at no charger.
We just broke below our current channel. Looks like the fun is over for a little while. Low 15s may be in the cards next week
Looks like we may be retesting the mid-sixteens today and/or tomorrow before moving higher
Not trying to toot my own horn here but DAYUM! This stock is becoming much more tradable. Volume is picking up and the spreads are tightening. Love it
Heavy resistance right here.. from previous support and our current channel. Not saying it won't break through but I took some off the table just to manage risk.
No need to panic. Just one more test of the mid 13s and the rebound should continue. I'm 51% sure about that
Same here. This has been a tough one.
Thanks. I'm adding as we speak. Yum yum
Thank you. I just started my DD on that business yesterday. Still not sure if I like the upside as much as CBD, but they do go hand in hand