TAKE A HIT OR LET IT SIT?
On the weekly, it appears POTX is just getting out of the interval correction, moving along into the 4-5 waves of the primary. The MACD started divergence right after the 5th of the interval, so I would expect this divergence to continue throughout the 5th wave of primary, hopefully making the correction easy to read.
I believe we...
I observe an opportunity to long this Stock as it is trading at a discount. Discount reference point is Present in the form of a bullish Monthly Orderblock and The BISI has been rebalance. The stock has shown it's potential value. It is a reasonable and cheap buy.
Currently hold a half position, will average down now that we have further divergence, previous divergence at 10.00 did not react well however. Longer term trend supports a turn around soon.
First off, I hate buying on green days. Especially with everything going on these days with Evergrande, Covid, unemployment/labor force, Burry's 5:1 study, etc.
I think we're in for a larger market correction before the end of the year.
That being said, there are some industries I believe will be recession-proof. One of them being weed. Everyone loves their...
Waiting patiently for this one to make a higher low , higher "high"
Note: This will be a bottom pick and we are currently below the 50/200 day moving averages (death cross) ☠️
Price is very oversold
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Found support at previous supply and has recently broken downward trend line. Expect a minor retracement before a further recovery.
Last Close: $14.38
Stop: 12.40
POTX is a Cannabis ETF that invests in pot stocks and companies across the cannabis industry. It is back at support again so might see a bit of a bounce, but overall we haven't seen much activity in this industry sector.
So, my first chart lol. About as simple as it gets but I see buy signals. Especially with Democratic control of the US government. I'm getting in today.
The Top Cannabis ETF is $POTX. It consist of your top favorite cannabis companies into one ETF. Companies like Tilray, Canopy Growth, Aphria, Aurora Cannabis, and more ... Cannabis took its first hit today and we need one more to buy. When they cry we buy. Set limit orders at my horizontal lines. This stock will go to the moon and is a SLEEPING GIANT!!! The Biden...
PotX is looking like it is back on track again with a strong 12% gain today. RSI heading back up, and OBV shows buyers are pushing the volume at the moment. It is one of the best performing ETFs at the moment so if you are looking for safer trades by picking an industry sector as opposed to an individual stock this could be worth a look at. I also like that is...
Hi, today we are going to talk about the Global X Cannabis ETF and its current landscape.
Global X Cannabis ETF it's poised to have its volatility increased as the Canopy Growth Corp it's receiving growing attention of the market today as had reported disappointing results on this quarter, the company now along with Tilray that also reported disappointing...
On September 19, 2019 — exchange-traded fund (ETF) issuer Global X ETFs launched the Global X Cannabis ETF (NASDAQ: POTX).
This latest addition to the pot stock ETF universe tracks a largely Canadian portfolio of marijuana-related companies. Its top holdings include Toronto-listed growers like Canopy Growth Corp. (TSX: WEED) and Aphria (TSX: APHA), as well as...
NASDAQ
