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CANN GROUP LIMITEDCC

CANN GROUP LIMITED

0.015AUDD
0.0000.00%
As of today at 03:07 GMT
AUD
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CAN trade ideas

CAN Group Buy and HoldCan Group Pot stock. As you can see, Cannabis stocks in Australia look very similar to the 2017 cryptocurrencies pathways. Initial hype of parabolic advances which was fueled by euphoria followed by a blow off top which resulted in a multi year downtrend. The multiyear downtrend put the market cycle in consistent disbelief stage flushing out all the weak hands. The breakout of the descending triangle confirms CAN group is on a new path to potentially make new highs. Upon easing of regulation of pot companies in Australia, These attractive prices have a high probability in luring new investors to the scene. *This is Not Financial Advise*
ALong
by AxeCapp
ASX Cann buy opportunity filling the gapI have been watching this for quite some time, managed to buy in and then sell after the last bottom. I have had my eyes on this weekly gap since then, we have some great fundamentals behind the company. CBD looking to be legalised next year in Australia would be a great step forward and looks like its heading that way! I wont be taking a large position due to the stock market current conditions, but i do feel like this stock has room to grow so keen for a little play. Also mindful not to catch a falling knife! always DYOR
ALong
by DylanWikki
6
ASX: CAN 22_Jan_2020_Elliot Wave Theory_Technical Analysis_TrendASX: CAN $1.350 -12.34% 22nd January 2020 Elliot Wave Theory (EWT) Elliott Wave is fractal and the underlying pattern remains constant. The 5 + 3 waves define a complete cycle. They can form different patterns such as ending diagonals, expanded flats, zigzag corrections and triangles. Fifteen different degrees of waves can be identified with each of the 5 smart drawing tools, allowing users to visually identify different degrees of waves on a chart. The key to trading Elliott waves successfully is counting them correctly for which there are rules and guidelines. Current Analytics _4 impulsive uptrend waves have been completed _Wave 4 (iiii) of EWT has retraced no more than 50% from the base of wave 2 (ii) _The retrace or correction correlated really well with the base of the existing uptrend _The retrace also bottomed at the 20 SMA which is another positive correlation _The stochastic and RSI have reset and are expected to cross to the upside shortly +Which will complete the inner wave 5 (iiiii) of the greater first wave of the EWT _We then will be looking at a greater ABC correction Limitlesss First executed order was at $0.64 and sold at $1.57 Posted in our Facebook Page: - Limitlesss - ASX Momentum Traders Date: 03rd January - 22nd January 2020
ALong
by ASX_Limitlesss
1
Cann Group...At an interesting junctureHello Traders, Cann Group Ltd, an Australien Pot stock, topped at AUD 4.55 on January 5, 2018, and declined since to a low at AUD 1.525. The move since looks like a „five-up“ and the correction after a huge and long wave „2“ move. I have drawn a base-channel to show how price has moved up and down in this channel. The wave „((B))“ high is the upper boundary of the channel and the „((C)) wave met the lower boundary. So this correction is possibly done as per this count. At 1.68 wave „c“ was nearly equal to wave „A“. If so, the move from 1.525-2.57 is wave „1“ or „a“ of a larger advance, which was retraced to a 0.88 Fibonacci. Note the overlapping wave „i“ and the level of the wave „A“ low. This fact makes the decline, not an impulsive one, it makes it a corrective one. The candlesticks tell another story, `cause the weekly candle set a new multi-week low on a closing basis and MACD and STOCH are still declining. A push above the centerline of the base-channel will be a first hint that a wave „3“ is underway, while a break of the upper line will open the door to the wave ((B)) high @ 2.35! The validation point for this count is the level of AUD 1.680, the possible wave ((C)) low, and a break below will make this forecast invalid. Have a great weekend... ruebennase Feel free to ask or comment.       Trading this analyze is at your own risk! 
A
by ruebennase
3
CAN GROUP...Correcting done?Hello Traders, as of my first analyze of CANN Group, the stock has declined to the target range of AUD2.- to 2.15! This is at the 0.382 Fibonacci of the advance from AUD1.53-2.57 amd clear a „three2 down. So the possibilite is given, that this was all of the correction. At the other hand, if not, it is maybe the first leg of a „three-down“ correction, which will travel into the range, amrked with the green rectangle, lasting from AUD 1.67-1.85. what`s important to observe at chart, is the massive volume rice as of May 07th, rising up to 9.518 M shares traded, and is mcu more as ten times above the average of 691.408K. A lot of stocks has changed hand! From weak to strong hands? Stay tuned for the next days and weeks ahead of this stock. We will watch it closely and update if any new development appears.
A
by ruebennase
4
CAN GROUP Limitd...Pot Stock at the start of wave (3)?Cann Group Limited ASX Ticker Symbol: CAN OTC Ticker Symbol: CNGGF Frankfurt Ticker Symbol: CVJ Hello Traders, today I`d like to show you one Cannabis Stock, listed at the ASX, tradable at OTC and also at Frankfurt/Germany! I think Cannabis Stocks can be at the forefront to a new multi years lasting uptrend, with many stocks anticipating this, while, at the other hand, many of them will leave the board as time move foreward. CANNGroup shows from my view a very interesting pattern. Let`s have a look. CAN went public on May 3, 2018 with a share price of 0,30 AUD$ and since than, the stock has risen to a peak 4.55 in a clear 5-wave move. After that high a correction took place, and CAN has retraced a 0.764 Fibonacci of the advance within an A-B-C flat of wave (2). Note that the slope of wave A (red) was very steep, while the decline at wave C (red) was rather flat, indicating a starting buying interest to the stock and is a „normal“ behavior within a flat correction. After ending the correction @ 1.53 AUD$, the stock ran up in a strong move and gaped to the upside, may as a „breakaway-gap“! This kind of a gap occurs at the start of a strong move/trend, here to the upside! The gap has left open so far and the stock has risen to the upper trend channel line, moving sideways since. It is possible to count the move from 1.53 – 2.57 as a „five-up“ (on hourly basis). If so, the correction is not be done and a target area for a wave 2 to finish is around the 2.10 – 2.- AUD$ price range, marked with the yellow rectangle and the green price line. The stock has, to my view, no buisiness to trade below the 1.53 AUD$ area, so this area can be taken as a „stop-loss“ area on a daily closing basis. If this count will work out positivly and price will exceed the upper trendline of the channel, the door is open for a multi weeks to multi month advance, that will carry CAN to levels well above the 4.55, labeld as wave (1) on Intermediate degeree. Always keep in mind by trading this stocks, that a total loss of your money you bet on this stock is possible! Handle a stop-loss restrictivly! So, think smart, or in other words:“...no one has won a race after passing the fist corner“! Have a great weekend... ruebennase Feel free to ask or comment! Trading this analyze is at your own risk!
A
by ruebennase
4