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About GLOBAL X MARIJUANA LIFE
The fund invests in equity securities as well as ADRs of companies substantially in the same proportion as its underlying index. These securities are listed on stock exchanges in North America, and are classified as life sciences companies (including those involved in biopharmaceuticals, medical manufacturing, distribution, and bio products) as well as other companies with significant business activities in the marijuana industry. Rebalanced quarterly, the portfolio is market-cap-weighted with 10% maximum capping for each constituent.
HMMJ Oversold - Time to AccumulateCannabis is still in the early fases off acceptance and adoption. Wild swings are expected.
I expected this drop, looking at my previous anlyses. For long term holders this is no big deal.
Looking at the RSI on the daily level, it is oversold, also touching the 0.236 FIB level. This is a perfect bu
Pot stocks on watchHMMJ has broken out of this long term down trend. The sector could gain some momentum again if there is any favourable news about easing US laws regarding MJ. I would expect resistance coming into the 236 fib retracement. I will take the sector more seriously if price can consolidate below that le
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