Hey everyone! Here with a video on some Cannabis Stocks I've been checking out. (THIS VIDEO, HEXO, APHA, ACB)
Day time frame: Most of the cannabis stocks are looking very similar.
-completed Market Cycle
-lower MA's have crossed north, or are close to crossing 200MA in Bullish form
IMO these are looking like great places to invest if you wish to...
Almost 50% below the January peak.
It has fallen steeply since the end of January.
The Stochastic and RSI have been near the oversold point for a few days.
It had a strong capital flight since February.
Will it be close to bottoming out?
I doubt that it will fall beyond 10 dollars, being a company in a growing sector it can be a good entry point.
NEL has become a trader favourite with recent volatility after Nikola was hit by short seller report.
Hourly 20 EMA breaking above 100 EMA, often seen as a promising momentum shift indicator.
NEL needs to break above support/resistance at about 18 and consolidate to regain a bullish sentiment in the short term.
Todays top 20 list show that the Clearstream crowd...