Icemoney666

HMMJ - what to do on Tuesday? Buy or Sell?

TSX:HMMJ   HORIZONS MARIJUANA LIFE SCIENCES IDX ETF
All TP's was done from prev Idea.
Now we stay on TP1 or 14$ support line.

What to do on Tuesday if you buy on 18$+ or want to buy?

We have 3 scenarios:
1) Panic sell continuance. My SL right now on 13$ lvl . The best idea here close the position by SL if we drop under 13$.
2) Bullish: we consolidate or start growing to 16$ and break out to 18$.
3)Bearish: We re-test 16$ and go down.

So I recommend (If you already in the market like me) be ready to close your position by SL or on ~16$ if we not breakout up this lvl .

HMMJ ETF contains:
19% Aphria - Stay on W support.
16% CANOPY GROWTH - stay on W support.
11% GW PHARMACEUTICALS PLC. - HOLD/ bullish
11% CRON - stay on his support.

So I think we will rebound from support lines for 10-20% gain for minimal. And after that, we will see what to do next.

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