Today a bunch of cannabis stocks showed up on my screener with some good price action and high relative volume.
I set up a composite chart using some of the more heavily traded stocks but no OTCs as well as a couple of the ETFs and the REIT IIPR which manages and leases indoor cultivation farms.
While I found the composite price had been drifting downward over preceding months, it bottomed on August 1 and has rose 30% since then. Fundamentally this is a growth industry with or without an impending recession. The volume indicator shows rapidly rising volume in the past two weeks, a good support for price action
I conclude the cannabis stocks may be candidates for swing trades presently and into upcoming weeks.