As you can see, Cannabis stocks in Australia look very similar to the 2017 cryptocurrencies pathways.
Initial hype of parabolic advances which was fueled by euphoria followed by a blow off top which resulted in a multi year downtrend.
The multiyear downtrend put the market cycle in consistent disbelief stage flushing out all the weak hands.
The breakout of the confirms CAN group is on a new path to potentially make new highs.
Upon easing of regulation of pot companies in Australia, These attractive prices have a high probability in luring new investors to the scene.
*This is Not Financial Advise*