#LT#ST#idea
DD as requested on LT swing we #added in #5rivers
This Israel based Cannibals Play has footprints in Germany, Israel & Canada
Growing Revenue 200 mil market cap
Buyout potential as management sold last comp for 1B+
Also breakout chart
$IMCC Cannabis
- A leading international cannabis operator.
- Operating in 3 largest federally legal market Israel, Germany and Canada.
- The company also offers its intellectual property-related services to the medical cannabis industry.
$IMCC - Achieved ~X10 quarterly revenue growth Between 2020 and 2021
- Q3 2021 revenues of $14.4 million; a 30% increase from Q2 2021
- Gross margin improved to 20% from 5.4% in Q2 2021; expected to increase further in Q4 and into 2022
$IMCC recent updates
Germany's incoming government unveils plans to legalize cannabis
IM Cannabis Corp. IMCC announced on Monday that it has received approval from the Israeli Ministry of Health to import premium, indoor-grown medical cannabis from Trichome JWC Acquisition Corp
$IMCC
Compared to $CGC $TLRY this serves new markets outside USA and very low market cap those companies will eventually need a buyout to expand
Only 300 Market Cap Right now
Dilution Machines like $SNDL are 1 Bil market cap for
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💡🚨 Chop vs Trend
I Often Teach that we should Go Full Size on Trend Day and be cautious on a Chop Day.
Now I will try to explain how to identify this, so we can Deploy our Cash into A+ Trend Day for decent risk reward returns like today 👊
👇
1. 10 AM Concept plays a big Role
New Highs or Lows by 10 to 10:30 AM: A clear indicator of a trend day is when the market reaches a new high or low by 10 to 10:30 AM, moving beyond the range established during the opening hour or first 30 minutes.
2. PM Highs & Lows
If, in the first 30 minutes to an hour, the market extends beyond the premarket highs and lows, it suggests a likely trend day. In contrast, if the market action is confined within the premarket high and low range, this typically leads to a more directionless or choppy trading session. Trend can be bearish or bullish
$VIX 32.20 rejected so far
If this rejection holds, will watch for curls on large cap and markets but no bullish confirmation on market till 31 breaks down
$VIX key is again 25 today, if bases over will be pressure all day in the market, or if rejects will use it for longs
Will follow 10 min EMA rules
TSLA over 750 key
Chinese Stocks taking pressure this AM $BABA $PDD #markets
$VIX 26.20,23.74 other levels
$VIX Rejected 25,some bounce on large caps , 23.74-25 range