High Tide Inc (HITI) Quote

50 dma still holding even at .61 above the 200 dma, the previous several days of price dip consolidation still confirming the integrity of the Golden Cross.
VWAP 3.12 US, uP today.
Close $3.09 US, uP today.
Volume was less than the
10-day average volume today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Below $3 US VWAP close achieved on 12/30/24 !!!
Will there be a notable VWAP close on 1/29/25 ? ? ? ? (Considering earnings)...$4+ ?
News announcèd on Monday the 13th.
Another leg up coming? Yes, it looks like after the recent fluctuations of consolidation, we can resume the next leg up when big enough news hits, and HITI is holding up well overall so far after the last leg up, imo. A bounce off the 50 dma around $3 US seems likely, and happened intraday at the day low of $3.01 US on Friday. We will see if this bounce holds up. So far, it has.
Time will tell...
Happy weekend to all!

50 dma still holding even at .61 above the 200 dma, the previous several days of price dip consolidation still confirming the integrity of the Golden Cross.
VWAP 3.06 US, Down today.
Close $3.06 US, Down today.
Volume was less than half the
10-day average volume today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Below $3 US VWAP close achieved on 12/30/24 !!!
Will there be a notable VWAP close on 1/29/25 ? ? ? ? (Considering earnings)...$4+ ?
News announcèd on Monday the 13th.
Another leg up coming? Yes, it looks like after the recent dipping consolidation, we can resume the next leg up when big enough news hits, and HITI is holding up well overall so far after the last leg up, imo. A bounce off the 50 dma around $3 US seems likely, and happened intraday at the day low of $3.01 US on Friday. We will see if this bounce holds up. So far, it has, despite today's consolidating dip.
Time will tell...

50 dma still holding even at .61 above the 200 dma, the previous several days of price dip consolidation still confirming the integrity of the Golden Cross.
VWAP 3.12 US, even today.
Close $3.12 US, uP today.
Volume was less than the
10-day average volume today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Below $3 US VWAP close achieved on 12/30/24 !!!
Will there be a notable VWAP close on 1/29/25 ? ? ? ? (Considering earnings)...$4+ ?
News announcèd on Monday the 13th.
Another leg up coming? Yes, it looks like after the recent dipping consolidation, we can resume the next leg up when big enough news hits, or we're past the MM mid-month short interest report this week, and HITI is holding up well overall so far after the last leg up, imo. A bounce off the 50 dma around $3 US seems likely, and happened intraday at the day low of $3.01 US on Friday. We will see if this bounce holds up.
Time will tell...

50 dma still holding even at .61 above the 200 dma, the previous several days of price dip consolidation still confirming the integrity of the Golden Cross.
VWAP 3.13 US, uP today.
Close $3.09 US, uP today.
Volume was less than the
10-day average volume today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Below $3 US VWAP close achieved on 12/30/24 !!!
Will there be a notable VWAP close on 1/29/25 ? ? ? ? (Considering earnings)...$4+ ?
News announcèd on Monday the 13th.
Another leg up coming? Yes, it looks like after the recent dipping consolidation, we can resume the next leg up when big enough news hits, or we're past the MM mid-month short interest report this week, and HITI is holding up well overall so far after the last leg up, imo. A bounce off the 50 dma around $3 US seems likely, and happened intraday at the day low of $3.01 US on Friday. We will see if this bounce holds up.
Time will tell...

50 dma still holding even at .61 above the 200 dma, the last 6 days of price dip consolidation still confirming the integrity of the Golden Cross.
VWAP 3.04 US, Down today.
Close $3.07 US, Down today.
Volume was slightly more than the
10-day average volume today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Below $3 US VWAP close achieved on 12/30/24 !!!
Will there be a notable VWAP close on 1/29/25 ? ? ? ? (Considering earnings)...$4+ ?
News announcèd today.
Another leg up coming? Yes, it looks like after the recent dipping consolidation, we can resume the next leg up when big enough news hits, or we're past the MM mid-month short interest report next week, and HITI is holding up well overall so far after the last leg up, imo. A bounce off the 50 dma around $3 US seems likely, and happened intraday at the day low of $3.01 US on Friday. About the same today.
Time will tell...

News:

https://finance.yahoo.com/news/high-tide-enter-german-medical-110000140.html

50 dma still holding even at .61 above the 200 dma, the last 5 days of price dip consolidation still confirming the integrity of the Golden Cross.
VWAP 3.07 US, Down today.
Close $3.09 US, Down today.
Volume was slightly less than the
10-day average volume today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Below $3 US VWAP close achieved on 12/30/24 !!!
Will there be a notable VWAP close on 1/29/25 ? ? ? ? (Considering earnings)...$4+ ?
News announcèd last week on Monday, December 30th, a 2024 recap.
Another leg up coming? Yes, it looks like after the recent dipping consolidation this week, we can resume the next leg up when big enough news hits, or we're past the MM mid-month short interest report next week, and HITI is holding up well overall so far after the last leg up, imo. A bounce off the 50 dma around $3 US seems likely, and happened intraday at the day low of $3.01 US.
Time will tell...

There's the intra-day bounce off the 50 dma at $3.01 US today.
Let's see if it holds up.

50 dma now holding even at .61 above the 200 dma, the last 4 days of price dip consolidation still confirming the integrity of the Golden Cross.
VWAP 3.14 US, even today.
Close $3.12 US, even today.
Volume was slightly less than the 10-day average volume today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Below $3 US VWAP close achieved on 12/30/24 !!!
Will there be a notable VWAP close on 1/29/25 ? ? ? ? (Considering earnings)...$4+ ?
News announcèd last week on Monday, December 30th, a 2024 recap.
Another leg up coming? Yes, it looks like after the recent dipping consolidation this week, we can resume the next leg up when big enough news hits, or we're past the MM mid-month short interest report next week, and HITI is holding up well overall so far after the last leg up, imo. A bounce off the 200 dma around $3 US seems likely.
Time will tell...

50 dma now back down to .61 above the 200 dma, the last 3 days of price dip consolidation still confirming the integrity of the Golden Cross.
VWAP 3.14 US, Down today.
Close $3.12 US, Down today.
Volume was slightly less than the 10-day average volume today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Below $3 US VWAP close achieved on 12/30/24 !!!
Will there be a notable VWAP close on 1/29/25 ? ? ? ? (Considering earnings)...$4+ ?
News announcèd last week on Monday, December 30th, a 2024 recap.
. Another leg up coming? Yes, it looks like after the recent dipping consolidation this week, we can resume the next leg up when big enough news hits, and HITI is holding up well overall after the last leg up, imo. A bounce off the 200 dma around $3 US seems likely.
Time will tell...

50 dma now still holding at .62 above the 200 dma, the last 2 days of price dip consolidation still confirming the integrity of the Golden Cross.
VWAP 3.29 US, Down today.
Close $3.23 US, Down today.
Volume was less than the 10-day average volume today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Below $3 US VWAP close achieved on 12/30/24 !!!
Will there be a notable VWAP close on 1/29/25 ? ? ? ? (Considering earnings)...$4+ ?
News announcèd last week on Monday, December 30th, a 2024 recap.
. Another leg up coming? Yes, it looks like the next leg up had started, then
we had the MMs' end of month short interest report to deal with, so prices dipped, but now we can resume the next leg up, and have continued to do so convincingly in this new year so far, despite a .05 VWAP dip today on a consolidating breather, HITI is holding up well overall, imo.
Time will tell...

50 dma now holding at .62 above the 200 dma, the one-day drop to .61 reflecting the recent tax-loss selling dip, but the last few days of price rise show the beginning of the 'January effect' buying back in, all still confirming the integrity of the Golden Cross.
VWAP 3.34 US, Down today.
Close $3.32 US, Down today.
Volume was more than the 10-day average volume today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Below $3 US VWAP close achieved on 12/30/24 !!!
Will there be a notable VWAP close on 1/29/25 ? ? ? ? (Considering earnings)...$4+ ?
News announcèd last Monday, December 30th, a 2024 recap.
. Another leg up coming? Yes, it looks like the next leg up had started, then
we had the MMs' end of month short interest report to deal with, so prices dipped, but now we can resume the next leg up, and have continued to do so convincingly in this new year so far..with a slight .01 VWAP dip today on a consolidating breather, HITI holding up well overall.
Time will tell...

HITI..............https://stockcharts.com/h-sc/ui?s=HITI&p=W&b=5&g=0&id=p86431144783

50 dma now back uP to .62 above the 200 dma, the one-day drop to .61 reflecting the recent tax-loss selling dip, but the last 2 days of price rise show the beginning of the 'January effect' buying back in, all still confirming the integrity of the Golden Cross.
VWAP 3.35 US, uP today.
Close $3.41 US, uP today.
Volume was more than the 10-day average volume today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Below $3 US VWAP close achieved on 12/30/24 !!!
Will there be a notable VWAP close on 1/29/25 ? ? ? ? (Considering earnings)...$4+ ?
News announcèd last Monday, December 30th, a 2024 recap.
. Another leg up coming? Yes, it looks like the next leg up had started, then
we had the MMs' end of month short interest report to deal with, so prices dipped, but now we can resume the next leg up, and have continued to do so convincingly in this new year so far..
Time will tell...
Happy weekend to all, and a
Happy, prosperous, and peaceful 2025 to all !

50 dma now down to .61 above the 200 dma, reflecting the recent tax-loss selling dip but still confirming the integrity of the Golden Cross.
VWAP 3.26 US, uP today.
Close $3.32 US, uP today.
Volume was more than twice the 10-day average volume today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Below $3 US VWAP close achieved on 12/30/24 !!!
Will there be a notable VWAP close on 1/29/25 ? ? ? ? (Considering earnings)
News announcèd last Monday, December 30th, a 2024 recap.
. Another leg up coming? Yes, it looks like the next leg up had started, then
we had the MMs' end of month short interest report to deal with, so prices dipped, but now we can resume the next leg up, and have done so convincingly in this new year so far, imo.
Time will tell...
Happy & prosperous 2025 to all !

50 dma holding at .62 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.06 US, uP today.
Close $3.09 US, uP today.
Volume was less than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Below $3 US VWAP close achieved on 12/30/24 !!!
Will there be a notable VWAP close on 1/29/25 ? ? ? ? (Considering earnings)
News announcèd last week on Wednesday.
. Another leg up coming? Yes, it looks like the next leg up had started, then
we had the MMs' end of month short interest report to deal with, so prices dipped, but now we can resume the next leg up, imo.
Time will tell...
Happy & prosperous 2025 to all !

50 dma now up to .62 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.99 US, Down today.
Close $3.06 US, uP today.
Volume was more than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ? ? ? Yes:
Below $3 US VWAP close achieved on 12/30/24 !!!
News announcèd last week on Wednesday.
. Another leg up coming? Yes, it looks like the next leg up had started, but
we still have the MMs' end of month short interest report to deal with, so prices already started to dip across the market on profit-taking, and ongoing tax-loss sales continuing until Tuesday this week.
Time will tell...

50 dma holding at .61 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.06 US, Down today.
Close $3.05 US, Down today.
Volume was more than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ? ? ?
News announcèd last week on Wednesday.
. Another leg up coming? Yes, it looks like the next leg up had started, but
we still have the MMs' end of month short interest report to deal with, so prices already started to dip across the market on profit-taking, and ongoing tax-loss sales continuing into next week.
Time will tell...
Got ahead of myself in my last post with the weekend mention one day early, but that's how the holidays warped my sense of time, lol.
Happy weekend & holidays to all !
This time for sure !!

50 dma now up to .61 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.23 US, uP today.
Close $3.22 US, uP today.
Volume was more than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ? ? ?
News announcèd last week on Wednesday.
. Another leg up coming? Yes, it looks like the next leg up has started, imo.
We still have the MMs' end of month short interest report to deal with, so prices may dip a bit going into next week.
Time will tell...
Happy weekend & holidays to all !

50 dma now up to .60 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.13 US, uP today.
Close $3.14 US, uP today.
Volume was less than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ? ? ?
News announcèd last week on Wednesday.
. Another leg up coming? Yes, it looks like the next leg up has started, imo.
Could be Santa's leg going back up the chimney ! We still have the MMs' end of month short interest report to deal with, so prices may dip a bit going into next week
Time will tell...
Happy holidays to all !

50 dma now up to .59 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.06 US, uP today.
Close $3.10 US, uP today.
Volume was less than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ? ? ?
News announcèd last week on Wednesday.
Price uP, & consolidation continues.
. Another leg up coming? Yes, after more consolidation, as big enough news hasn't hit yet & tax loss selling continues, imo.
Time will tell...

50 dma now up to .58 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.02 US, uP today.
Close $3.01 US, uP today.
Volume was less than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ? ? ?
News announcèd Wednesday.
Price uP, & consolidation continues sideways.
. Another leg up coming? Yes, after more consolidation, as big enough news hasn't hit yet & tax loss selling continues, imo.
Time will tell...
Happy weekend to all !

50 dma still at .57 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.94 US, Down today.
Close $2.94 US, Down today.
Volume was slightly more than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ? ? ?
News announcèd Wednesday.
Price Down & lower consolidation staircase step downward continues.
. Another leg up coming? Yes, after more consolidation at lower levels, as big enough news hasn't hit yet & tax loss selling continues, imo.
Time will tell...

50 dma now up to .57 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.11 US, uP today.
Close $3.02 US, Down today.
Volume was slightly more than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ? ? ?
News announcèd today.
Price Down & lower consolidation staircase step.
. Another leg up coming? Yes, after more consolidation, as big enough news hasn't hit yet, imo.
Time will tell...

https://finance.yahoo.com/news/high-tide-open-two-canna-110000614.html

My guess is tax loss selling will close the gap at $4Cdn and when the error made in the US becomes apparent the good Canadian companies will go up steadily. Just my opinion

50 dma still at .55 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.08 US, Down today.
Close $3.03 US, Down today.
Volume was less than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ? ? ?
News announcèd last week on Tuesday.
Price Down & lower consolidation channel continued to form today in what looks to be the 3.00-3.15 area.
. Another leg up coming? Yes, after more consolidation, or if big enough news hits, imo.
Time will tell...

50 dma now up to .55 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.18 US, uP today.
Close $3.14 US, Down today.
Volume was less than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ? ? ?
News announcèd last week on Tuesday.
Price Down & lower consolidation channel continued to form today in what looks to be the 3.10-3.25 area.
. Another leg up coming? Yes, after more consolidation, or if big enough news hits, imo.
Time will tell...

50 dma now up to .54 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.13 US, Down today.
Close $3.19 US, uP today.
Volume was less than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ? ? ?
News announcèd Tuesday.
Price uP & lower consolidation channel continued to form today in what looks to be the 3.05-3.25 area.
. Another leg up coming? Yes, but probably not until next week, after today's MM short interest report, imo.
Time will tell...
Happy weekend to all !!

50 dma now up to .52 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.18 US, Down today.
Close $3.14 US, Down today.
Volume was less than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ? ? ?
News announcèd Tuesday.
Price Down more & lower consolidation channel continued to form today in what looks to be the 3.10-3.25 area, but there's still 1 more trading day before the report is due.
. Another leg up coming? Yes, but probably not until next week, after this Friday's MM short interest report, imo.
Time will tell...

50 dma now up to .51 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.20 US, Down today.
Close $3.18 US, Down today.
Volume was slightly less than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ?...
News announcèd Tuesday. Price way Down & consolidation channel start lowered today considerably. Another leg up coming? Yes, but probably not until next week, after this Friday's MM short interest report, imo.
Time will tell...

50 dma now up to .50 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.33 US, Down today.
Close $3.43 US, Down today.
Volume was less than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ?...
News announcèd today. Price Down & consolidation continuing today in the 3.30 to 3.50 channel. Another leg up coming? Yes, but probably not until next week, after this Friday's MM short interest report, imo.
Time will tell...

News today:

https://finance.yahoo.com/news/high-tide-open-75th-canna-110000807.html

50 dma now up to .49 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.48 US, uP today.
Close $3.465 US, uP today.
Volume was less than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ?...
Global expansion news announcèd last week on Monday. Price uP & consolidation continuing today in the 3.30 to 3.50 channel. Another leg up coming? Yes, but probably not until next week, after this Friday's MM short interest report, imo.
Time will tell...

50 dma now up to .46 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.43 US, uP today.
Close $3.45 US, uP today.
Volume was less than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24 ?...
Global expansion news announcèd Monday. Price Down & consolidation continuing today in the 3.30 to 3.50 channel. Another leg up coming?
Time will tell...
Happy weekend, all !

https://www.marijuanamoment.net/canadas-marijuana-legalization-law-effectively-shifts-people-away-from-illicit-market-while-youth-use-remains-steady-government-report-shows/

50 dma now up to .44 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.38 US, Down today.
Close $3.29 US, Down today.
Volume was less than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Will there be a notable close on 12/30/24?...
Global expansion news announcèd Monday. Price Down & consolidation continuing today. Another leg up coming?
Time will tell...

50 dma now up to .42 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.46 US, Down today.
Close $3.48 US, Down today.
Volume was less than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Global expansion news announcèd Monday. Price finally Down & taking a breather consolidating today. Another leg up coming?
Time will tell...

50 dma now up to .40 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.48 US, uP today.
Close $3.53 US, uP today.
Volume was more than the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Up on global expansion news announcèd Monday. Will price continues climbing? Yes, so far...
Time will tell...

50 dma now up to .38 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.45 US, uP today.
Close $3.48 US, uP today.
Volume was triple the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Up on global expansion news announcèd today. Will price continues climbing?
Time will tell...

https://finance.yahoo.com/news/high-tide-marks-cyber-monday-110000014.html

HITI...........................https://stockcharts.com/h-sc/ui?s=HITI&p=W&b=5&g=0&id=p86431144783..

50 dma now up to .37 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 3.14 US, uP today.
Close $3.26 US, uP today.
Volume was almost double the average today.
$3 US VWAP close was achieved on
10/29/24.
Above $3 US VWAP close achieved on 11/29/24.
Really nice 13.99% bounce up today on high volume!
Recent consolidation was in the
2.80-3.00 channel, but now price is well above that very saturated channel. Good buying opportunities continue, imo.
Time will tell...
Happy weekend to all !!!

50 dma still at .34 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.87 US, Down today.
Close $2.86 US, uP today.
Volume was a little less than average today.
$3 US VWAP close achieved on 10/29.
Then came the US Election market drag-down on most mj stocks.
Does it close even close to $3 US this week on a bounce? I say yes, considering the recent move up.
Recent consolidation was below the
2.80-3.00 channel, but now it's back up in that channel. Good buying opportunities continue.
Time will tell...
Happy Thanksgiving to all celebrating.

50 dma now up to .34 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.89 US, uP today.
Close $2.80 US, Down today.
Volume was more than average today.
$3 US VWAP close achieved on 10/29.
Then came the US Election market drag-down on most mj stocks.
Does it close even close to $3 US this week on a bounce? I say yes, considering yesterday's bounce up.
Recent consolidation was below the
2.80-3.00 channel, but now it's back up in that channel%. Good buying opportunities continue.
Time will tell...

I just got this email from the DEA today:

Media Advisory
DEA to Hold Hearing on the Rescheduling of Marijuana
WASHINGTON – Formal hearing proceedings regarding the proposed rescheduling of marijuana will begin on December 2, 2024 at 9:30 A.M. ET in the North Courtroom at DEA Headquarters located at 700 Army Navy Drive, Arlington, VA. This preliminary hearing will serve as a procedural day to address legal and logistical issues and discuss future dates for the evidentiary hearing on the merits. No witness testimony will be offered or received at this time.
In-person attendance is limited to designated participants and credentialed members of the media who have received confirmation of their in-person attendance.

WHAT: Commencement of formal hearing proceedings regarding the proposed rescheduling of Marijuana

WHO: Open to designated participants and designated credentialed members of the media.

WHEN: December 2, 2024

9:30 a.m. to 5:00 p.m.

WHERE: DEA Headquarters

700 Army Navy Drive

Arlington, VA 22202

North Courtroom

FOR MEMBERS OF THE PUBLIC: Members of the public will have access to the court sessions virtually at www.DEA.gov/live.

FOR NEWS MEDIA: News media wishing to attend in person must RSVP to DEAPress@dea.gov by 10 a.m. on November 29, 2024. Due to limited capacity, RSVPs will be accepted on a first come, first served basis.

Designated members of the media should arrive no later than 9:00 a.m. on December 2 and follow all security screening procedures. Media credentials are required to be visible while inside DEA Headquarters. Video and audio recordings are not permitted at any time inside the courtroom.

Background:

On May 21, 2024, the Department of Justice proposed to transfer marijuana from Schedule I of the Controlled Substances Act to Schedule III of the CSA, consistent with the view of the Department of Health and Human Services that marijuana has a currently accepted medical use as well as HHS's views about marijuana's abuse potential and level of physical or psychological dependence. The CSA requires that such actions be made through formal rulemaking on the record after opportunity for a hearing. If the transfer to Schedule III is finalized, the regulatory controls applicable to Schedule III controlled substances would apply, as appropriate, along with existing marijuana-specific requirements and any additional controls that might be implemented, including those that might be implemented to meet U.S. treaty obligations. If marijuana is transferred into Schedule III, the manufacture, distribution, dispensing, and possession of marijuana would remain subject to the applicable criminal prohibitions of the CSA. Any drugs containing a substance within the CSA's definition of “marijuana” would also remain subject to the applicable prohibitions in the Federal Food, Drug, and Cosmetic Act. For more information, visit www.DEA.gov.

50 dma now up to .33 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.76 US, uP today.
Close $2.91 US, uP today.
Volume was almost double the average today.
$3 US VWAP close achieved on 10/29.
Then came the US Election market drag-down on most mj stocks.
Does it close even close to $3 US this week on a bounce? I say yes, considering today's bounce up.
Recent consolidation was below the
2.80-3.00 channel, but now it's back up in that channel on a high-volume rise today. Good buying opportunities continue.
Time will tell...

Forget about Gaetz,
Pam Bondi is now the newly appointed AG.

50 dma now up to .32 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.63 US, Down today.
Close $2.65 US, Down today.
Volume was less than average today.
$3 US VWAP close achieved on 10/29.
Then came the US Election market drag-down on most mj stocks.
Does it close even close to $3 US this week on a bounce? Maybe, due to news of Matt Gaetz being appointed AG, but not confirmed yet.
Recent consolidation was in the
2.80-3.00 channel. Lower now, but will move up eventually. Good buying opportunities continue.
Time will tell...
Happy weekend to all !

50 dma still at .31 above the 200 dma, further confirming the integrity of the Golden Cross.
VWAP 2.70 US, Down today.
Close $2.67 US, uP today.
Volume was less than average today.
$3 US VWAP close achieved on 10/29.
Then came the US Election market drag-down on most mj stocks.
Does it close even close to $3 US this week on a bounce? Maybe, due to news of Matt Gaetz being appointed AG, but not confirmed yet.
Recent consolidation was in the
2.80-3.00 channel. Lower now, but will move up. Good buying opportunities continue.
Time will tell...