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Flora Growth's 15min chart shows Bollinger Bands expanding downward, bearish marubozu formation.
ByAinvest
Tuesday, Sep 30, 2025 10:19 am ET1min read
Flora Growth's 15-minute chart has triggered a downward expansion of Bollinger Bands and a bearish Marubozu pattern at 10:15 AM on September 30, 2025. This indicates that the market trend is currently being driven by sellers, who have gained control over the market, and that bearish momentum is likely to persist.
Cannabis stocks experienced a significant surge on Monday, with several companies reporting substantial gains following a video posted by former President Donald Trump on Truth Social. The video, which highlighted the health benefits of hemp-derived CBD for seniors, sparked interest among investors, particularly in CBD-focused stocks.Tilray Brands (NASDAQ:TLRY), a company that sells cannabis and CBD products, saw its stock price jump by 41%, reaching approximately $1.62 per share. Aurora Cannabis (NASDAQ:ACB) and Village Farms (NASDAQ:VFF), both cannabis producers, also recorded notable increases, with Aurora Cannabis rising about 30% to roughly $6.28 per share and Village Farms jumping 22% higher to around $3.22 per share [1].
The biggest gainer was cbdMD (NYSEAMEX:YCBD), which skyrocketed 193% on Monday to $1.83 per share. This company produces and distributes hemp-infused CBD, which was mentioned in the Trump video. Other significant cannabis stock gainers included SNDL (NASDAQ:SNDL), Cronos Group (NASDAQ:CRON), Canopy Growth (NASDAQ:CGC), Organigram Global (NASDAQ:OGI), Hydrofarm (NASDAQ:HYFM), IM Cannabis (NASDAQ:IMCC), Flora Growth (NASDAQ:FLGC), Urban-Gro (NASDAQ:UGRO), Greenlane Holdings (NASDAQ:GNLN), Akanda (NASDAQ:AKAN), and High Tide (NASDAQ:HITI) [1].
Technical analysis of Flora Growth's (NASDAQ:FLGC) 15-minute chart on September 30, 2025, revealed a downward expansion of Bollinger Bands and a bearish Marubozu pattern at 10:15 AM. This suggests that the market trend is currently being driven by sellers, who have gained control over the market, and that bearish momentum is likely to persist .
Investors should note that while these stocks have shown strong gains, they are largely small, unprofitable companies. Therefore, due diligence is essential before investing in any of these stocks.
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