Marijuana Market Increased Demand

AMEX:MJ   ETFMG Alternative Harvest ETF
I've been calling this for months, I like it as an investment, I recommend getting into stock investments such as this 10-20 percent at a time over the course of months, accumulating a position, mimicking the style of large operators, and holding at least a year for tax purposes. This market is highly discounted and has plenty of upside potential, if you check the dates of my first post you'll see I was buying before Pfizer invested 8 billion into the MJ market the following week.

- Nice Doji at the bottom of the implied range.
- This quarter closes in less than a week.

- Two candle reversal with the market failing to close below $11.00 per share for the last 3 months its been within range.
- Next Thursday closes this months candle.

- Momentum divergence.
- Broken previous swing highs, closed above previous swing as well, indicating at minimum a weakening in selling pressure.

- Broke back above multiple resistance levels in the short term.

Happy trading/investing, please like and share!

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