AaronX
Long

Daily Chart on $MJ Breakout or Fakout?

AMEX:MJ   ETF MANAGERS TRUST
The MJ Sector has been down-trending since March of 2019, still has yet to see a real bounce with a solid continuation. As of May 2020 it looks like we are ready to bounce but still, I am weary that they will do another fakeout breakout.

Anyhow, I am expecting MJ's price to eventually break above these down-trending lines. They are still rejecting the price down, so we could see a pullback or a breakout above the down-trending lines as it looks like we are squeezing once again.

Anyhow GLTA & Collect those sweet dividends.

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