Category: ZBISF

Update on APHA and ZBISF Swing Trades

Two lesson so far. Be careful buying in May. If a stock was headed down and then reverses, maybe don’t buy the initial reversal breakout. Wait for the retest of the Low and then buy if it bounces back up.

Both APHA and ZBISF are Cannabis stocks. Bad news hit a lot of Cannabis stocks. The FDA held meetings and reports from the meetings were mixed. After those news reports, Cannabis stocks got hit – ACB for another  example. The mixed news about the FDA and the downside reaction was in my opinion premature. Looks like people have realized that and the prices are back to normal.

Still holding both APHA and ZBISF.

Stock Chart of APHA - Aphria Inc

Stock Chart of APHA – Aphria Inc. Chart create using Stockalyze.

Stock Chart of ZBISF - Zenabis Global Inc

Stock Chart of ZBISF – Zenabis Global Inc. Chart was created using Stockalyze

Disclaimer: This post is not meant as Investment Advice, nor is it advice to buy or sell any shares in any company.. Do your own Due Diligence. Seek out the advice of your own financial and investment advisors before risking any funds in the Stock or Futures Markets. You can lose money and even all of it when investing at the Stock Market Casinos. This post is for my own educational purposes.

Posted by: Vincent Banial

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ZBISF Swing Trade Review

On May 30 I had purchased 1,000 shares of Zenabis Global Inc (ZBISF) at close at $1.255 per share. Why? To test my ideas for an “After Work” Swing Trading System. I believe the price could rise to the Resistance level around $1.49-$1.50. I’d sell at $1.45 to $1.47.

More immediate Resistance is at around $1.35. If the price moves up above $1.35 then it could head to the next Resistance and I will get out at $1.45-$1.47. Making 20 Cents per share on a stock trade is not a big deal. The key is to see if the system can find a stock worth buying.  If it works then you take the 20 Cents (only as an example) and rinse and repeat.

Stock Chart of ZBISF - Zenabis Global Inc

Stock Chart of ZBISF – Zenabis Global Inc. Chart created using AmiBroker.

 

Disclaimer: This post is not meant as Investment Advice, nor is it advice to buy or sell any shares in any company.. Do your own Due Diligence. Seek out the advice of your own financial and investment advisors before risking any funds in the Stock or Futures Markets. You can lose money and even all of it when investing at the Stock Market Casinos. This post is for my own educational purposes.

 

Posted by: Vincent Banial

Buying 1,000 shares of ZBISF just before close today May 30 at Market.

ZBISF (Zenabis Global Inc) is a Canadian Cannabis stock trading Over the Counter. It is priced well under $2.00 per share and so is a “Penny Stock” and the trading volume is in my opinion “Low”. Normally liquidity is of importance. It allows one to dump, in case something goes wrong with the stock. This is being bought based on my new “After Work” Swing Trading ideas to “Test” them.

Checking the chart you see rising lows on RSI(2) and on MFI(4) and on the Detrended Osc and on the Stochastics. In my opinion, that is a safety net. If the price continues trading in the channel, then price could hit or close just above the Upper Bollinger Band. and come back to around the Middle between both bands.

Will I become a Millionaire with this trade?  Sure, if the stock prices rises to over $1,000,000 US per share. That would be a historic OTC Stock move. If the Swing works out, then I might buy back in again. IMHO there looks to be upside potential. Trading volume is low and so can’t buy a lot of shares, but it’s a great chart to help confirm my new “After Work” Swing Trading idea.

Why buy at close instead of open tomorrow? I’m home today, so why not. The “After Work” idea is to buy or sell either at Open or at Close and not worry about trading during work hours (again this is not Day Trading).

Stock Chart of ZBISF - Zenabis Global Inc

Stock Chart of ZBISF – Zenabis Global Inc. Chart created using Amibroker

Zenabis Global Inc also trades on the Canadian TSX in Toronto under symbol ZENA (or ZENA.TO).

 

Disclaimer: This post is not meant as Investment Advice, nor is it advice to buy or sell any shares in any company.. Do your own Due Diligence. Seek out the advice of your own financial and investment advisors before risking any funds in the Stock or Futures Markets. You can lose money and even all of it when investing at the Stock Market Casinos. This post is for my own educational purposes.

 

Posted by: Vincent Banial