TLRY: Crazy moves today, a lot of shorts are getting squeezed after hours. Like I mentioned yesterday, cannabis is a very HOT sector. Sort of reminds of how crazy Bitcoin/Blockchain was a year ago. Don’t underestimate this stocks potential! 200+ is not unrealistic at this point. Watch for other cannabis stocks to make a move such as IGC, LEVB, NBEV, and TRPX. (Sympathy plays).
SHARES FLOAT: 57.79M
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IGC: Alerted this on the break of 1.20 (Alerted as a solid swing).A cannabis stock with a lot of major potential. Currently in break out mode. Next resistance I see at is 1.55/1.60 then 1.80+ if volume follows. Strong support at 1.30. Idea over 1.55 or near support.
SHARES FLOAT: 25.59M ; SHARES SHORT: 14.21%
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NBEV: Another cannabis stock that closed above a key resistance (2.75). As long as TLRY keeps grinding up, NBEV will keep squeezing. Based on the weekly chart next resistance is at 3.19/3.50/4.00. Personally, based on today charts it would be much more profitable adding on dips and selling on the pops. Supports are at 2.75/2.80/3.00. Idea near support (Will be scalping this tomorrow).
SHARES FLOAT: 34.21M ; SHARES SHORT: 17.10%
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DGLY: Another green move! Alerted yesterday for continuation and this is squeezing many shorts as suspected. I have a small position as a swing at 4.00 and expect this to squeeze up to 4.5/5.0. Very overextended which makes this play risking but I am not doubting its potential! Could be a nice short soon imho.
SHARES FLOAT: 6.11M ; SHARES SHORT: 42.49%
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VTL: A lot of fake outs today on this. Was expecting a much bigger move today but on watch for continuation tomorrow. Currently in a channel between .37-.45. Once it clears .45 and stays above this will see a major squeeze. Key supports are .35/.37. Once it breaks below .35 I would no longer touch it imo. Idea near support or over .45/.47.
SHARES FLOAT: 27.35M ; SHARES SHORT: 36.46%
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