$CWBHF Is A Prime Cannabis Rebound Play$CWBHF Now Trading Above All 3 Major Moving Averages
$CWBHF is one the most well-known cannabis plays for investors.
As we look for a rebound in the sector, quality names like $CWBHF will rally first.
Charlotte's Web Holdings Inc., founded by the Stanley Brothers, is an industry-leading pioneer and the world's leading brand by market share in the production and distribution of innovative whole-plant hemp extract cannabidiol ("CBD") wellness products. Through its vertically integrated business model, the Company strives to improve customers' lives and meet their demands for stringent product quality, efficacy and consistency. Every step of the process is overseen to ensure the highest quality, from seed to self. Charlotte's Web mission is to improve life, naturally. We do this by responsibly growing our proprietary non-GMO hemp genetics on 300 acres of family farms that are made into premium, full-spectrum phytocannabinoid health and wellness products. Charlotte's Web is manufactured in a FDA-registered facility and 3rd party-verified for Good Manufacturing Practices. Charlotte's Web does not produce or sell medicinal or recreational marijuana or products derived therefrom. The Company's shares trade on the Canadian Securities Exchange ("CSE") under the symbol "CWEB".
As always, trade with caution and use protective stops.
Good luck to all!
CWEB trade ideas
CWEB Trade Set Up! Hello Traders!
Today’s chart will be on CHARLOTTES WEB HOLDINGS, a pot stock to keeps your eyes on!
Points to consider,
- Overall trend bullish
- Price respecting upwards trend line
- Bulls testing major resistance
- RSI respecting downwards trend line
- Stocks showing downwards momentum
- EMA’s providing price support but looks weak
- Very low volume
CWEB chart is very clear at current given time; shows us exactly what key levels to watch for the bulls and bears. The trend has been putting in lower highs over the couple months, with price now testing resistance, gives us a good trading set up!
The RSI is respecting the downwards trend line as the stochs continue to show downwards momentum. It’s important to consider that the volume is very low at given time, as when we see a breakout, it is expected that volume will increase drastically.
If bulls are capable of breaking local resistance, we can witness gains of up to 20% and vice versa if bears are able to break upwards trend line…
What are your thoughts on CWEB? Will it break bearish or continue its bullish momentum?
Please leave and like and comment,
And remember,
“You never know what kind of setup market will present to you; your objective should be to find opportunity where risk reward ratio is best.” ― Jaymin Shah
How "High" Will These Weed Stocks Go? Insider TipThis is the first weed stock that I've looked at, and will be watching. I have a family member who received a "tip" that Charlottes Web Holdings has tremendous upside. I have not yet done any DD on this OTCBB stock, but I like the looks of the chart. It appears to be solidly trading in between the limits of the pitchfork I have laid out, and is currently on what I believe to be a solid overall uptrend. Looking at the fib circles, this one will be SUPER easy to pluck off pivot points because of the nice volatility, and the clear & distinct trading channels. This is a dream-come-true for fib circle analysis. I'm going to track this, and provide updates possibly once per week, and MAYBE look into getting a small position. Knowing that the Cannabis industry is in the infancy stage, it might be wise to start studying some of these companies.
If you have knowledge of the Cannabis industry, or Charlottes Holdings Inc, please share your thoughts, tips, and wisdom!
Carlton
The CryptoPro
Charlottes Web is showing strength among the weak. Long trade setup looking very bullish.
Fundamentals and technicals align for a nice trade opportunity.
Indicators have reversed and remained positive.
Good risk reward on long above $17
Wait for a MACD cross possibly to confirm bullish sentiment
COMPANY PROFILE
Charlotte's Web Holdings, Inc. engages in the production and distribution of hemp-based, cannabinoid wellness products. Its products is comprised of tinctures, capsules, topical products, powdered supplements, single-use, beverage, and sport and professional products. The company was founded by Joel Stanley and Jared Stanley in 2013 and is headquartered in Boulder, CO.
CWEB: TSX Potential to Continue TrendAfter the May selloff, CWEB has broken the downtrend line and started forming a series of higher lows and higher highs. Based on that and that it is against the 20EMA, I am long targeting a move to the previous higher high (Around 24.5) and if it goes past it then to the target 2 which is roughly the distance that it moves from the previous impulse up (around 27).
CWEB update 15july2019 @cryptoknee $cweb update...this is the bear count. Soooo, hit the upper Channel line, channels perfect no matter which anchors you pick btw, sup/res hit, reject off of .50, almost hit 1.217 of A, but has not crossed into wave "A" territory...not gonna call it done yet, but... #potstocks #weedstocks
cweb 7jul2019 @cryptokneewoozers its on a run! Im a bit hesitant to say ATH are near, have to break some key resistances, MO. ABC and 123 are basically the same thing, one must relay on context of count and of course see what the retracement is after the C,3. C waves in ZZ tend towards 1:1 of A but can go 1.272 or 1.618. 3s most common fib projection is 1.618 but of course just need to be the longest of the motive waves. 1st step is to see where it stops and retraces and assess from there. Slight Bear div on 4hr. still with in channel, nearing 50,.618 of larger correction. Nearing a pos c/3 fib projections. bounced outta .50-.618 zone.
Bullish trade setup in Charlottes Web Holdings Inc.After a deep correction CWBHF has made a fantastic reversal, and is showing very bullish momentum, having missed the initial move now is not the time to be entering a long trade. Our next set up is to long on a break above the .65FIB and the upper Ichimoku Cloud, it may mean missing some gains but a favourable market will still yield a 20% return prior to reaching ATH.
Charlotte's Web heading for support or resistance?1) Trending downward on daily and weekly. Likely heading south for support at two step levels.
2) Oscillators poised to signal bottoming out RSI, MACD, Stoch
3) Consensio - bearish on all time scales, waiting for the flattening out of the moving averages
4) If market trends downward could drag it down toward step 2.
5) Waiting on entry point and watching for an opportunity is one exists?
$CWBHF Not worth the gamble, to much risk. in Charlottes Web.It is so appealing to go for a long entry in OTC:CWBHF pre earnings, because it has been beaten down quite badly, but there may be just more downside and a better entry point. The technical indicators are all heading south and sell side volume continues to be high. If it were to drop out of the golden pocket below $14 it is a short to $8.
AVERAGE ANALYSTS PRICE TARGET $30.77
AVERAGE ANALYSTS RECOMMENDATION BUY
6 BUY
1 OVERWEIGHT
COMPANY PROFILE
Charlotte's Web Holdings, Inc. engages in the production and distribution of hemp-based, cannabinoid wellness products. Its products is comprised of tinctures, capsules, topical products, powdered supplements, single-use, beverage, and sport and professional products.