if you're looking to pulls some profit from the weeds,stick a bit of cash in the pot, this ETF has alot of increasing volume interest. MACD and Stoch at the top at the moment, so I wont be surprised if there is a little pull back in the next few days. but technicals are solid
Let's play another round of the pointless prediction game.
If we see another equal measured bullish move ramping up to Oct 17th and Oct/Nov Sell off.
We may touch of the median zone (20.30 -21.00 area).
And some notes about how I create my trend channels with a modified pitchfork tool.
If you really wanna see the strength of this sector. there's huge support at the long term trendline as the 50, 200 are running parallel the 200 simple and double cross with a break out over 20.35 the previously resistance. Now looking at the holdings in HMMJ ACB needs to perform well as hmmj largest holding is aurora. I think this is a beginning of a large run as...
There is some interesting movement in this sector.
The HMMJ has almost ended its correction. I am following it closely because a major opportunity will arise.
As soon as 2 ends, the next move will be a 3 therefore a big one.
Then we will have a 4 and a 5. My longer term target is set around $60.
But first I want this 2 to end in order to grab the big 3 UP which...
Looking for opportunities to add. Would prefer a pull back closer to trend line at the 19.50 area. Have been taking quick profits daily on the pot stocks.
Don't trust the masses of retail traders in these. Can drop very quickly.
