OTM.Investments

Cannabis Looking Strong. (MJ)

Long
OTM.Investments Updated   
AMEX:MJ   ETFMG Alternative Harvest ETF
Last post on MJ Alternative Harvest we started we were opening longs @ $11.90

Currently sitting up 5%

We took this position based off the large timeframes, the weekly and 2 week.

Now you see a breakout with a settlement back on old Resistance to test as support.

Key is to play this as support. If it shifted right and than turned to break support back below the pattern upward support. We would than look for possible Retracement.

I'll stay put with my position for now.

This could be a really good time to diversify into the cannabis sector.

Enjoy, hope she keeps trucking!

Will keep you updated
Comment:
re analysis. Having second thoughts. Watch red support. Breaks I'm going short.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.