GLOBAL X MARIJUANA LIFE SCIENCES IN UNIT CL A CADTSX
Description
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I was asked about this stock/ETF by one of my subscribers. I like it! Firstly it's weed, we see it in use in so may ways. Governments getting on board aging population opening up to its medical uses and recreational use of course. It's a product you buy, burn and re-order. I do not care what your opinions are on this "drug", I see opportunity here. I was in weed stocks before some with good timing some with poor timing. Time will tell:
- RSI oversold on weekly - MACD Diverging on weekly - Candles starting to confirm, engulfing. - Price at a major level of support going back to May 2017.
Let's see how high this gets. Happy Trading!
Trade active
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Lucky timing for sure. This ETF is up almost 3% today after posting the idea and taking the trade. I see a slow grind to the upside. I'm happy to wait.
Trade active
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Some very strong upward action on this ETF. Buyers available.