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Bullboard - Stock Discussion Forum OrganiGram Holdings Inc T.OGI

Alternate Symbol(s):  OGI

Organigram Holdings Inc. operates through its subsidiaries. The Company’s major wholly owned subsidiaries include Organigram Inc., 10870277 Canada Inc., The Edibles and Infusions Corporation (EIC), and Laurentian Organic Inc. (Laurentian). Organigram Inc. is a licensed producer (LP) of cannabis, cannabis-derived products and cannabis infused edibles in Canada. It is focused on producing... see more

TSX:OGI - Post Discussion

OrganiGram Holdings Inc > OGI oversold?
View:
Post by FalconM on Nov 23, 2020 4:28pm

OGI oversold?

Pain of the capital raise I think is just about ending and stock will run for a higher high after hitting a lower lower. Too much MJ-sector news in the pipeline coming up by mid-December with mexico and U.S. legislative developments. As soon as bears show weakness OGI's sharp decline will add momentum to the bull bounce but shares will go fast as always. Hence I bought in on weakness and dwindling volume on 4hr view. GLTA.
Comment by FalconM on Nov 23, 2020 8:41pm
BAm post-market close run up hit a high of 12%, settled at 9.5%. :D
Comment by FalconM on Nov 24, 2020 7:25pm
Fingers crossed that once OGI gets some more height above its MA on the hourly views we can see this puppy go test some *real* resistance levels. This could still be a bearish play as high as the 61.8% fib retrace from the peak. That puts the share price at $7.3C (or 350% above the current price). Bollinger bands tightening and volume is increasing big time at this level; Mexico legalization; MORE ...more  
Comment by ORGANIGRAM on Nov 24, 2020 9:05pm
Play the swings accumulate shares, best play you can make.
Comment by marf49 on Nov 24, 2020 10:15pm
FalconM nice to see you around,  last time I saw you pulled out a little too early, you should stuck around those warrants really paid well. But that was then.  Although the MJ is coming around, I still don't trust GREG, every time OGI gets its head above the water,  There he goes and issues shares, a bit too often for me and has not delivered. I took a positionin Weed a while ...more  
Comment by Shazam57 on Nov 24, 2020 11:45pm
Bollinger bands tightening. Are you looking at a weekly chart or monthly and so on?
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