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GTEC - Technical AnalysisDear Traders, As we can clearly see, GTEC's price is in a bullish channel. With a Hidden DIvergence in the MACD, it could be possible we will soon see a run-up. This Hypothosys would be cancelled if we break downwards from the channel. Last News: Update on Status of Sales License and Other Operational Updates: GTEC Provides Update on Status of Sales License and Other Operational Updates GTEC Holdings Ltd. (GTEC.V) (GGTTF) (“GTEC” or the “Company“) is pleased to provide an update on the operations of its wholly owned subsidiaries. Alberta Craft Cannabis Inc. (“ACC”) is a Licensed Producer under Health Canada’s Access to Cannabis for Medical Purposes Regulations located in Edmonton , Alberta. ACC operates a 14,000 sq. ft. craft cannabis cultivation facility. ACC has currently completed its initial harvests and has notified Health Canada. The Company is now awaiting Sales License inspection to be completed within the expected timeline. F-20 Joint Venture (“F-20”) is a GTEC agreement with F-20 Developments Corp. to develop a premium indoor cultivation facility in Vernon, British Columbia . GTEC’s operations team has completed the final design of Phase 1 construction plans. The building will be retrofitted to facilitate the cultivation of premium cannabis. Phase 1 of this partnership is currently underway, with completion anticipated for Q2 2019. GTEC expects to complete Phase 2 designs by Q1 of 2019. Tumbleweed Farms Corp. (“Tumbleweed”) is a late stage ACMPR applicant based in Chase, British Columbia . Tumbleweed has completed its purpose-built exterior and is near completion of the interior construction. The Company anticipates that it will commence cultivation over the duration of the fall season. Tumbleweed has also signed a contract with the Pacific Agricultural Certification Society (“PACS”) with an objective to be one of the first certified organic cannabis companies in Canada . GreenTec Bio-Pharmaceuticals Inc. (“GreenTec”) is a late stage ACMPR applicant based in Kelowna, British Columbia . GreenTec is currently in Phase 1 of development, building 20,000 sq. ft. of its planned 80,000 sq. ft. craft cannabis cultivation facility. GreenTec has recently completed the exterior of this building and anticipates completing the interior construction and commencing cultivation in Q1 2019. Grey Bruce Farms Inc. (“Grey Bruce”) is a late stage ACMPR applicant based in Kincardine, Ontario . Grey Bruce is currently building a 15,000 sq. ft. craft cannabis cultivation facility. The Company has made substantial progress in completing a major retrofit of its existing industrial building and anticipates that it will commence cultivation in Q4 2018. Falcon Ridge Naturals (“Falcon Ridge”) is a late stage ACMPR applicant located on a certified organic farm in Kelowna, British Columbia . Falcon Ridge was seeking to construct a 10,000 sq. ft. facility. On October 1st , Kelowna City Council voted against the Falcon Ridge project application, due to recently adopted land zoning issues related to the proposed facility being within the B.C. Agricultural Land Reserve. Accordingly, GTEC does not anticipate moving forward with this project, and plans to re-allocate Falcon Ridge capital funds to its larger facilities and/or for existing expansion opportunities. Spectre Labs Inc. (“Spectre”) is a cannabis oil extraction facility based in Kelowna , British Columbia. Spectre has acquired land and building to develop a state-of-the-art facility. The Company has completed initial design work and submitted an application to the Office of Controlled Substances for a Dealer’s License. The site will be developed in a phased approach and will serve as a Good Manufacturing Practices (“GMP”) grade facility with extraction, formulation, compounding and export capabilities to support GTEC’s Licensed Producers and the global medical market. GTEC also intends to utilize Spectre to manufacture edible products that are expected to be incorporated into Health Canada’s regulatory framework in 2019. GTEC was notified on July 17 th by the Office of Controlled Substances, that Spectre has been assigned an application number. From the time of receipt of a complete application, the Controlled Drugs Section commits to a service delivery standard of 180 business days for the issuance of a decision on an application for a new Dealer’s Licence for controlled substances.
GLong
by Raw_Blitz
Integrated Cannabis Company - Technical AnalysisDear traders, Last week Integrated Cannabis Company announced the completion of a Letter Agreement to collaborate on X-SPRAYSTM products for the Canadian market with a Canadian License Producer under Health Canada's Access to Cannabis for Medical Purposes Regulations, GTEC Holdings Ltd. Friday the company's stock saw its most active day since going public and during pre-market trading on Monday (10/1/2018), shares of Integrated Cannabis have traded as high as $1.16. "Partnering with a Canadian Licensed Producer has been a major goal of ours in order to facilitate the expansion of our product line into legal, established marketplaces. The GTEC team is an ideal partner given their status asa LP and their tenure in the cannabis industry and provide a great alliance for our innovative product line," said Mr. John Knapp, CEO of Integrated Cannabis. Integrated Cannabis Company (ICNAF) (ICAN) has seen its most active trading week in history of being public (so far). Shares opened the week at $1.1665 and hit highs on Tuesday of $1.43. What are you thoughts about this TA ?
IShort
by Raw_Blitz
Aurora - Technical AnalysisDear Traders, Looks like we enterred a second ''bearish'' tunnel, but if we succeed in breaking out of it like we did the first time we might see another run soon. But if we break downwards we will officially retracing towards the 0.5 fib level again, which held twice already so that looks like a good entry point for those who want to re-enter this trade, but this will only happen if we break downwards of this channel. About Aurora: Aurora Cannabis Inc is a Canada-based company engaged in the production and distribution of medical cannabis. The Company is vertically integrated and horizontally diversified across every key segment of the value chain, from facility engineering and design to cannabis breeding and genetics research, cannabis and hemp production, derivatives, home cultivation, wholesale and retail distribution. The Company's purpose-built facilities, which integrate technologies across all processes, are defined by automation and customization. The Company has a funded capacity of more than 500,000 kilograms per year, as well as sales and operations in more than 18 countries worldwide.
TSX:ACB
by Raw_Blitz
WEED bears assert dominance, finally breaking the daily uptrendWEED broke the daily equilibrium bearish today and closed down 6.5%. A small bounce at the end of the day cooled off RSI levels and we're no longer oversold on any timeframe. I was looking forward to an oversold bounce tomorrow but after hours trading further cooled off RSI and finished trading in a bear flag setup. Two daily supports were broken today, after low of today our next support is 52.80 - that's a good 10% further to the downside. I'm personally going to be patient waiting for a setup I like. If we get a big gap down tomorrow, for example, opening below $55.00, that's a setup that will have me interested. Otherwise, RSI levels have cooled down enough at the end of day bounce that we could easily see another -6% day tomorrow. I've been talking a lot in my past ideas about the psychology of what's going on right now in the sector. To further drive home how sentiment has shifted from bulls to bears, note that it's been a full three weeks since we've had two green days in a row - and this is when everybody has been expecting a huge bull run into October 17th. I'm not going to be entering positions based on what I want to happen, I'm going to watch the charts for a setup that favours a bull entry.
TSX:WEED
by McGuireTO
CGC bears assert dominance, finally breaking the daily uptrendCGC broke the daily equilibrium bearish today and closed down 6.5%. a small bounce at the end of the day cooled off RSI levels and we're no longer oversold on any timeframe. I was looking forward to an oversold bounce tomorrow but after hours trading further cooled off RSI and finished trading in a bear flag setup. Two daily supports were broken today, after low of today our next support is 40.68 - that's a good 10% further to the downside. I'm personally going to be patient waiting for a setup I like. If we get a big gap down tomorrow, for example, opening below $42.00, that's a setup that will have me interested. Otherwise, RSI levels have cooled enough that we could easily see another -6% day tomorrow. I've been talking a lot in my past ideas about the psychology of what's going on right now in the sector. To further drive home how sentiment has shifted from bulls to bears, note that it's been a full three weeks since we've had two green days in a row - and this is when everybody has been expecting a huge bull run into October 17th. I'm not going to be entering positions based on what I want to happen, I'm going to watch the charts for a setup that favours a bull entry.
C
by McGuireTO
2
CGC bulls prove nothing (Do I sound like a broken record yet?)CGC opened significantly higher considering the big bearish momentum Friday afternoon into the weekend. Bulls made two attempts first thing this morning to break the high of Friday and fell short both times, resulting in profit taking and another close down at the low of the day. We have an inside bar on the daily to watch for clues. It's worth noting CGC has rejected from the daily Middle Bollinger Band two days in a row after losing it on Thursday. Zooming into the hourly, every test of the hourly Middle Bollinger Band has been a rejection as well since losing it on Sept 26th. The range I'm watching remains the same as it's been for the past week; 48.02 - 55.00, and we're much more closer to a bear break than to a bull break. The MACD is signaling bearish momentum, backing up the selling pressure we're seeing on the charts. Volume has been well below average for the past two weeks in a row and I expect that pattern to continue until we get a break of that range. Much like the price action, daily RSI is tight against the support level as well. I feel like a broken record to keep using the same phrase, but the bulls really have their backs against the wall here and to make a move, or lose the daily uptrend and significantly shift momentum just two weeks out from legalization. I am absolutely looking to enter a swing short entry on the loss of $48.00 psychological support, looking for significant follow-through to the downside Many people are looking for a bull run into Oct 17th and I keep pointing out one thing. We've been running since Aug 14th, during which the price has increased more than 120%. That's significant and this run will not continue forever. The psychology of the chart is bulls fighting as hard as they can waiting for the buyers that everybody thinks are about to show up. If those buyers don't show up, investors are going to take profit, and that will result in a bear break and a significant shirt in momentum for the entire sector.
C
by McGuireTO
3
Cara is Up and will continue to Go Up!Cara is one of many unreliable weed stocks that many follow but the good news for you is that it is on a uproar! Cara has been down for the last couple weeks but it has made its way back to +0>13% in the last couple days. Like many weed stocks they fluctuate because of the shareholders within the stock are untrained and new to the stock market. This is where you can gain percentage and capital on. By watching the moves of the stock holders you can easily predict where the stock will drop. The only risk in tis is being on top of your buy and sell because the stock holders scare easily. If one jumps they all follow but being the ones who jump at about 25% you can gain the upper hand. for the first 25% of stockholders who jump there will still be people buying into the stock but i have found as soon as you roll over the quarter mark buying stops and everyone scares off. so having said this this you can pinpoint the rough placement of where the drop will be and after you gains are finalized you can buy back in when it has hit rock bottom. -Jon Matthews
CLong
by matthewsjonfredrick
WEED bulls proving nothing to meWEED started the day Friday with a gap down open just above our key daily level, providing a great bottom-fishing opportunity to play in our daily equilibrium. The entire move was given back in the afternoon when news came out of Canopy withdrawing their 'Chronic By Dre' trademark request after forgetting to get permission from the rapper to use his name. The result is a very bearish candlestick on the daily chart, still within our daily equilibrium, and still very close to a bear break. Turning on after hours on the American ticker, you can see the price rejecting from EMAs and providing a bear flag setup if the low of the afternoon sell-off 48.55 breaks. The past two weeks on the daily chart have been a chopfest and I've been sitting on my hands waiting for it to play out, so we can finally have some clarity for the short term. I'm not giving the bulls any benefit of the doubt here, they need to prove it to me. First step would be to hold our key level 62.02 and break Friday's high 66.19. Key range for me is 52.81 - 72.00. Until one of these levels break, I don't expect much trading opportunity as the range is so narrow it's difficult to find a pattern to play off of. If we break bullish, I will be a buyer looking for a new all time high heading into Oct 17th, and if we break bearish, I'll be entering as a short looking for a 5-7% move to the downside. If we break bearish I would zoom out to the weekly chart and anticipate forming a weekly equilibrium, with a new higher low above 52.81. After covering my short I would be looking to enter long, as a range of 52.81 - 72.00 is more than enough room to play within and not have to worry about choppy price action giving false signals. Reading the psychology of the chart, the past four days have clearly seen traders taking profit as they run out of patience waiting for new buyers. Many people are anticipating a run into Oct 17th, but I'm becoming skeptical there are many people looking to buy in the next two weeks that haven't already bought in. I'm remaining neutral on what I think will happen, but we are 1% away from a bear break on the daily and 14% away from a bull break. The weekly chart remains very healthy.
TSX:WEED
by McGuireTO
8
CGC bulls proving nothing to meCGC started the day Friday with a gap down open just above our key daily level, providing a great bottom-fishing opportunity to play in our daily equilibrium. The entire move was given back in the afternoon when news came out of Canopy withdrawing their 'Chronic By Dre' trademark request after forgetting to get permission from the rapper to use his name. The result is a very bearish candlestick on the daily chart, still within our daily equilibrium, and still very close to a bear break. Hourly RSI has cooled and could very easily see a significant move down. Turning on after hours (American ticker only) you can see the price rejecting from EMAs and providing a bear flag setup if the low of the afternoon sell-off 48.55 breaks. The past two weeks on the daily chart have been a chopfest and I've been sitting on my hands waiting for it to play out, so we can finally have some clarity for the short term. I'm not giving the bulls any benefit of the doubt here, they need to prove it to me. First step would be to hold our key level 48.02 and break Friday's high 51.21. Key range for me is 48.02 - 55.69. Until one of these levels break, I don't expect much trading opportunity as the range is so narrow it's difficult to find a pattern to play off of. If we break bullish, I will be a buyer looking for a new all time high heading into Oct 17th, and if we break bearish, I'll be entering as a short looking for a 5-7% move to the downside. If we break bearish I would zoom out to the weekly chart and anticipate forming a weekly equilibrium, with a new higher low above 40.68. After covering my short I would be looking to enter long, as a range of 40.68 - 55.69 is more than enough room to play within and not have to worry about choppy price action giving false signals. Reading the psychology of the chart, the past four days have clearly seen traders taking profit as they run out of patience waiting for new buyers. Many people are anticipating a run into Oct 17th, but I'm becoming skeptical there are many people looking to buy in the next two weeks that haven't already bought in. I'm remaining neutral on what I think will happen, but we are 1% away from a bear break on the daily and 14% away from a bull break. The weekly chart remains very healthy.
C
by McGuireTO
Weed Stock(Aurora)! Watch CloseAurora Stocks are going to drop within the next days in my opinion. the reason i think that is because I have been watching the charts and watching the news and this is what i found. I have found that no matter what anyone says about a weed stock, it doesn't matter the majority in weed stocks are the people who don't know how to get into stocks and they are super easy to predict. the way to predict a weed based stock is that if the stock goes up past around 10% jump off. I say this because having a bunch of amateurs on this kind of stock is that once they gain a-lot of money on it as it is going up they get scared and jump, by doing this the shock then become short and everyone jumps together. So the best place you can be is the ones that jump at about 25% of the majority of the stock has jumped before you because once the stock beings to drop people stop buying and once the buying stops the stock goes straight down but if you jump to early you may lose capital by jumping before sales have stopped selling. So my opinion and my long term analysis is that jump at about 25% when the buying stops and then jump at the peak. - Jon Matthews
AShort
by matthewsjonfredrick
WEED closing in on key supportWEED small gap down open today, pulling back on a significant increase in bear volume is certainly a concern for the bulls. The weak afternoon bounces certainly have me looking for possible bear-flag confirmation and to further downside; bulls must hold $62.02 and break above $65.05 to negate that flag potential. Key support for the bulls to maintain the daily uptrend is $62.02. This sits in the middle of a low volume node, meaning a break could see price continue downwards towards $59.70 where we start to see much more volume support. Resistance to break are $65.05 and $66.64 high of today. I'm not giving the bulls any benefit of the doubt - a pullback this significant on increasing bear volume is a definite red flag for me. How WEED (really, how CGC) moves from here will dictate the direction for the rest of the sector heading into legalization on October 17th. Losing that support at $62 makes it less likely we will see new highs heading into next month.
TSX:WEED
by McGuireTO
CGC closing in on key supportCGC small gap down open today, pulling back on a significant increase in bear volume is certainly a concern for the bulls. The weak afternoon bounces certainly have me looking for possible bear-flag confirmation and to further downside; bulls must hold $48.90 and break above $50.00 psychological to negate that flag potential. Key support for the bulls to maintain the daily uptrend is $48.02. This sits in the middle of a low volume node, meaning a break could see price continue downwards towards $46.20 where we start to see much more volume support. Resistance to break are $48.98 (call it $50 psychological) and $51.04 high of today. I'm not giving the bulls any benefit of the doubt - a pullback this significant on increasing bear volume is a definite red flag for me. How CGC moves from here will dictate the direction for the rest of the sector heading into legalization on October 17th. Losing that support at $48 makes it less likely we will see new highs heading into next month.
C
by McGuireTO
CGC will soon set the direction for the entire sectorCGC has been getting tighter and tighter in the two weeks since the oversold bounce Sept 14th. We're at a point on the hourly chart where we're likely to see a break, giving direction for the entire sector heading into next week. Daily candle is still bearish, indicating we could see further downside to start the morning. However if we hold the low of the day tomorrow... The most important levels for me are 53.43 resistance and 51.09 support. Losing 51.09 means we will have to wait a little longer for a break as the bulls search a new support above key level 48.02. But holding the low of today will be a very important first test. Watch for SPY tomorrow, looking for potential further downside tomorrow in reaction to the FOMC, and watch the correlation to see how CGC responds in the face of any SPY strength or weakness.
C
by McGuireTO
New Rising StarThe Green Organic Dutchman Provides Update on Spin-off Transaction and Announces Intention of TGOD Acquisition to Complete Private Placement Offering of Subscription Receipts. - News of the day. "I am excited to share our story with CNBC's Jim Cramer this Friday," said Brian Athaide, TGOD's CEO. "With such a vast US shareholder base and our objective to list on the NYSE in the near future, I look forward to the opportunity to showcase our company, methodology, and differentiated approach focused on both organic, beverages, and the international markets to a strong, sophisticated US audience," Continued Athaide. Pursuant to the Arrangement, TGOD shareholders of record as of the distribution date for the Distribution (the "Distribution Record Date") will receive 0.15 of one SpinCo Unit Warrant for each TGOD share held. The mj stocks are hot niche, there are a lot of great names like TLRY, CGC, CRON and others, but let's see on TGOF. This company has big plans for cannabis market, just look at their CEO, Former Procter & Gamble Co. executive Brian Athaide, which has the aim to make this company 'Whole Foods of Cannabis' and you will understand why this CO is the new rising star. TA. There's definitely something here. I like stocks and cryptocurrencies that have uptrend on the board, TGODF is one of them. And so, the price is trading above the 7EMA and 30EMA lines, the RSI > 50, the MACD indicator isn't readable right now. ENTER: $6.40-6.60 PT: $16-19 GL Traders.
TLong
by LudwigStirner
Short on CRON - Divergence Technicals - CRON 9.78% broke out of a strong resistance today but failed to hold. Price is back within the parallel channel . In addition, RSI is diverging from price action. These are really simple, but strong bearish signals. Fundamentals - Following the success of Tilray 38.12% , CRON 9.78% soared two days in a row, breaking new highs. However, no significant fundamental news within the company justifies such a jump in prices. I believe that the 560% change in price in 52 weeks is clearly an overreaction and could lead to a massive dump. Institutional investors are massively short on Cannabis stocks in general; CRON 9.78% is overpriced and will drop back down to the $9.13-10 level.
NASDAQ:CRONShort
by Tutur
5