Weed is the future, or so they say. 2018 saw a ton of overweight equities, but they have proven to be some of the most resistant names in today's market. Therefore, it stands to reason that if names like CGC, TLRY, and CRON will continue their rise, this ETF will reflect that success. It needs to retract, but will offer a great buying opportunity in the next 1-2 weeks.
Started early but that happens..when volume comes the price moves fast...
Nice area to build swing longs with stops...Pretty simple stuff...low risk high reward..lose a dollar make 10-15 at worse if right..if wrong oh well
Prices are going to continue to degrade to the mid 20's on the MJ ETF.
Price action is stuck in wedge. I think this holiday season will be good for cannabis stocks.
Buy opportunity for huge profit in the short-mid term. +- 100% and more. Expecting huge inflow in all of the stocks included in the MJ ETF. RSI breaking above trend line squeeze indicator shows momentum with divergence. Good Luck
this symmetrical triangle happened a couple of hours ago, the main trend continued we should have opened short positions as soon as the price broke the lower trend line of the triangle.
We're seeing some oversold bounces for Medicinal Marijuana and Energy.
;) www.ccn.com No one gives a rat's ass about MJ stocks. Go try talking about it in a crypto chat... They are so obsessed with crypto dead market that they joined late :) Should have bought a few months ago, but it probably just started. Sell at +5000% in a few months to years to the monkeys in bitcoin reddit and /biz right now (they will leave Bitcoin...
A new emerging market that went from being illegal and done by gangsters and is starting to be industrialized. It's only at its early stage, and MJ is being accepted more and more in the world. Companies selling this stuff are planning on having ten times more clients next year. It's a pretty controversal area it's risky, but the potential is great. Not that...
needs more volume until we can gauge where things are going