Potential set up for Cup and Handle on THCX, still have yet to do my fundamental analysis but based on technicals this could be a good summer play. (If you're into the FIB support lines then based off of the recent high, the top support line also matches right up with .236 line.) Some quick thoughts: 1. With summer rolling around and more people heading outdoors...
At 8 pm EST, the House announced that it passed the bill that would allow the cannabis industry to get banking accounts and start being treated like standard businesses with banks. This would likely include loans and investment opportunities that crippled this industry. Next is the Senate, which are pro-business so this will be interesting to watch. I foresee this...
We had a bad news that may have drove the price down. The chart now reads a cup and handle formation. Possibly a good buy zone or wait for breakout.
No previous history so take it for what it worth.
With the drop from profit taking in medical cannabis / HEMP CBD ETF's just looking to compare MJ, TOKE and THCX as some of top ETF's in this sector. Did you know you can trade ETF's in 401K fund? Ask your investment holder about this option, as ETF/ETP's are like Mutual Funds, but offer typically lower fee's and entry/exit like a stock. * With recent...
Yesterday’s announcement of a movement towards cannabis legislation has been the best news for the industry since the listing of cannabis stocks. The THCX fund is newer and has a lower market cap then the MJ ETF, it also trades at a lower price making an attractive buy for retail investors. It’s holdings are: APHA Aphria Inc 8.95% 603437 TLRY Tilray...
I know this is a busy comparison chart. But I wanted to know what's up so far in 2021. THCX +38% green URTY +29% orange ARKQ +19% blue TAN +17% white XRT +14% purple XLE +13% yellow FXI +12% red BTC +11% green UYM +11% yellow IJR +10% orange ITB +10% purple IBB +9% blue EEM +9% white IJH +7% orange EWA +4% blue QQQ +4% yellow SPY +3.5% aqua EFA + 3% orange XLK...
No Ideas published for this Pot ETF yet so I figured I'd paint one on here. Needs to break out of the drawn channel to be more interesting.