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Tilray Brands, Inc. ($TLRY)

Current Status: Tilray is struggling, hovering close to its all-time low at $1.51, showing significant bearish pressure across both daily and weekly timeframes.
Technical Outlook: The stock is battling a downtrend, consistently underperforming across all moving averages, indicating a lack of bullish momentum. A break below $1.51 could lead to further declines, entering a "black hole vortex" scenario, where continued losses could be substantial.
Volume and Resistance Levels: Volume levels are uninspiring, reinforcing the negative trend. Any potential recovery would need to see a sustained increase in volume, particularly crossing the $1.98 resistance convincingly to attract bullish interest.

2. Canopy Growth Corporation ($CGC)

Performance: Similar to Tilray, Canopy Growth is flirting with its all-time lows, currently just above the $3.75 mark. The stock is trying to stabilize but remains vulnerable.
Market Position: Positioned precariously near key support levels, CGC needs to maintain above $3.75 to avoid a further slide. The stock has briefly touched higher resistance levels but has not demonstrated the ability to sustain those gains.
Key Levels: Resistance at $4.50 represents a significant hurdle. Volume is lackluster, suggesting that the stock may struggle to mount a robust recovery soon.

3. Aurora Cannabis Inc. ($ACB)

Current Trends: ACB shows a relatively better position compared to Tilray and Canopy Growth, holding above the critical 200-day moving average, which could act as a strong support.
Outlook: The stock exhibits potential for stability more than substantial growth, with the $1.61 mark as a notable resistance to overcome for further bullish signals to confirm.
Investment Consideration: Investors should watch for the stock's ability to hold above $1.51 and seek signs of increasing volume or positive market sentiment before considering entry.

4. Multi-State Operator Stocks ($MSOS)

Analysis: Reflecting broader sector challenges, MSOS is under pressure, nearly breaching all major moving averages. The ETF, which averages performances across various cannabis stocks, indicates sector-wide difficulties.
Specific Observations: The ETF's performance is hampered by individual constituents like Curaleaf and Cresco, which are also underperforming, overshadowing the relatively better performance of Trulieve.
Strategic Points: Watching for a sector-wide turnaround or political catalysts that might affect the entire industry could be key before considering positions in MSOS.

5. Sundial Growers Inc. ($SNDL)

Performance Review: SNDL is managing to hold just above its 200-day moving average, providing a thin layer of optimism in a mostly downtrodden market.
Resistance and Support: The $2.10 level acts as immediate resistance, with the stock needing to surpass this threshold convincingly to signal a potential reversal of the current downtrend.
Market Strategy: Investors should maintain caution, monitoring whether SNDL can maintain support levels or if it succumbs to broader market pressures.

6. High Tide Inc. ($HITI)

Sector Outlier: High Tide distinguishes itself in the sector by attempting to maintain positions above all crucial moving averages, indicating some resilience amidst a struggling market.
Technical Strengths: The stock's ability to stay above these averages suggests underlying strength, potentially setting it apart for a recovery if market conditions improve.
Key Levels to Watch: Resistance at $2.50 is pivotal; a breakthrough could open the way to higher prices, supported by improving fundamentals or sector dynamics.

00:00 Opening Thoughts on 2020 Election Chart + All 6 tickers
02:15 Introduction for new viewers
02:44 TLRY + 2020 Election Chart
09:44 CGC & MSOS (TCNNF CURLF CRLBF VRNOF included)
14:55 HITI
18:45 ACB & SNDL

• #TLRY #CGC #MSOS #HITI #ACB #SNDL - WEED STOCK Technical Analysis ( Download)
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