Tag: CNBX

Blue Horeseshoe Stocks: OWCP Breakout Continues & More

OWC Pharmaceutical Research Corp. OWCP

Throughout the week, and since we first alerted it on Thursday, OWCP has been the gift that keeps on giving.  From that first session when it traded as low as .0045, the stock has made appreciable moves each day, and continued to provide intraday opportunities as well as a huge overall move to the upside.

Yesterday was no exception, as OWCP traded in a daily range from .014 to a new high of .03, a 114% intraday pop, and an overall increase of 566% from the low we observed on Thursday.

As pointed out in the following video presentation of the OWCP chart, we identify the current 50DMA of .018 as the ideal support level to hold on any forthcoming consolidations. At the very least, the stock will have to maintain its penny status and ultimately hold at a bare minimum of a .01 to maintain our attention.

Global Arena Holding Corp. GAHC

We’ve got GAHC which came up on our scanner this morning after giving off a strong bottom bounce signal yesterday as it ran from .0027 (just .0003 above current annual low) to .0036. We’re going to want to reserve it a spot on our watchlist in sessions ahead.

The current chart shows a number of indicators suggesting that GAHC could be set to make more moves to the upside, including a rapidly-strengthening RSI and a MACD pinching in for a bullish cross. If the stock were to make a run from current PPS levels to the 50DMA, we would be looking at gains of more than 65%

Extended Watchlist:
REN, GORO, CNBX, NUGN, NTNX, DEWM,

Blue Horseshoe Stocks: GWPH, GRNH Updates & More


GW Pharmaceuticals, Inc. GWPH

Yesterday morning, we suggested our readers pay attention to the activity in GWPH, which had just published a blockbuster PR regarding top-line success in a late-stage trial of a cannabis-derived treatment (>>View PR).

The breakthrough nature of the study caught many people’s eyes, and throughout the course of the day’s news cycle, the story got significant national attention from multiple media outlets.

As we’d mentioned in our premarket report yesterday, we were going to do some cherry-picking, waiting for the gap-up to lead to an early dip (which it did), and then track in-the-money calls. To give an idea of the sort of scenario that was possible, the GWPH $75 Calls ran from 7.70-16.70 (+116%)

We’ll continue monitoring in-the-money calls in the $75-85 range, and if GWPH appears to want to break $90, consider rolling our strike price up to that level.

GreenGro Technologies, Inc. GRNH

The national attention cast upon GW Pharma also brought some nice activity into other cannabis-related plays, and GRNH was one of them. We’ve got an established history of tracking this stock that stretches back for years. A search of our archive shows that this morning marks the 35th occasion on which we’ve mentioned the stock.

The most recent of those mentions came this past Wednesday, when we tagged it in our morning watchlist, after which time we observed a low of .02.

Yesterday, the stock rode the wave of attention for the sector to an impressive 62% rip as it ran from .0215-.0349. It also marked a total swing of 74% over the low we witnessed last week.

Added Note: We prepared a list of some other marijuana stocks to monitor more closely in the light of heightened investor awareness of the sector:  CANV, CBDS, CANN, CNBX

Extended Watchlist:
VPRO, CDNL, LEAS, EEGC, VLDI, CPXX(FDA News)