Technical analysis with key levels & prices target for roughly 25 of the 50+ cannabis stocks on my watch-list. For those wishing to skip ahead, the following stocks are covered in this order: EVIO, CBIS, VAPE, MJN.V, WEED.TO, CNAB, ERBB, EDXC, EAPH, ENRT, CBDS, THCX.V, HMMJ.TO, CANN, CGRW, XXII, EMC.V, ICC.V, CMED.TO, TWMJF, OGI.V, CCAN, IIPR & MCOA.
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thank you for your extensive write up.
Can you please look at NXTTF?
Thanks
jake
Will do asap.
Bull flag measured target (distance of flag pole added to the lowest part of the flag) has now been hit on NXTTF with a decent red candle forming so far today. Potential negative divergences on RSI building as well. Personally, I wouldn’t chase this one here & if I did own it, I would be booking profits & looking to recycle back in on a pullback if & when the charts confirm, maybe around the $1 level.
Randy in your list of covered stocks you listed CANN, but I don’t think you actually covered it, at least I didn’t find in anywhere in the video.
Also can you say if you will make part 2 of this? I would be interested in your thoughts to CNBX, CVSI, DEWM and TRTC as I own those.
Looks like I accidentally skipped over CANN. Here’s my daily chart. The stock is currently making the 4th test of it’s all-time highs… a key technical level. The recent pullback appears to be flaggish-type action which would be supported by the fact that the current rally that followed that pullback has been equally impulsive as the rally leading up to the formation of the flag. At face value, the chart looks very bullish, assuming that CANN can clearly take out the 5.20ish level (new highs) as the measure target for the flag would be much higher. However, there is some… Read more »