Expecting considerable upside with this ETF.
Three key targets listed as potentially only the beginning. Obviously fundamentals are important too, but I fully expect the world to progress sufficiently and allow this sector to grow effectively.
Looks like TSX:HMMJ is about to breakout of his descending channel but we still need more confirmation + daily close today looks really good (hammer).
Also, something I'm not familiar with enough, could this be an inverse H&S formation ?
Oh well, let's keep following this MARIJUANAAAAAA sector, a lot of promising stock at...
Yesterday, HMMJ had a big up candle stick with volume. Although the price is still under the down trend line, but I think we can expect a going up soon. Wait for one or two other sticks for confirmation.
- The price hit the 0.786 retracement of Fibo
- RSI divergence
- MACD is crossing up
This ETF had been down since early this year and it hasn't improved ever since.
At this rate, it just might return to the $13.50 zone where it all began.
The MACD that I programmed that allow me to see 3 different timeframes all shows down DOWN DOWN!!!!
Guess I shouldn't complaint about it. If you don't know what a downtrend is, you are looking at it and it is...
Not much news from the Cannabis industry beside all the ones you probably know.
Yea, Canadian work slow~~ and the citizens are rebellious at times with their own weed plants and cooking up their own cookies. :P
Something interesting came to mind.
Why not look for stock that serve the Cannabis industry like [Innovative Industrial Properties, Inc (IIP)]
Expecting the bearish momentum to continue as the Cannabis market in Canada trying to stabilize between Black-Market Marijuana and Legal Marijuana.
This trend is likely to continue until we can see some solid earnings.
At the moment, the MACD momentum isn't showing any signs of slowing down.
Will have to wait for few more days to see where the candlestick will...
Based on ichi and a few other indicators, I believe we're going to bounce of the wedge we're making at around 16. This is 100% NOT A BUY right now, but I'd put a nice buy order at around 16.05 and play the bounce back up to about the top of the wedge.
The cannabis market is a volatile one.
HMMJ has risen quite a bit in the last couple weeks and is now overbought. It's time to come back down at around 15$.
Selling will start after they pay out the dividends on April 11.
I'm LONG in the longterm!
But taking profit here makes sense.
New to #weedstocks, my experience is in trading crypto for 2 years.
I am charting the HMMJ as a macro benchmark of the whole #weedstocks market.
Experimented with a few different indicators here, the principle was to find indicators that would have been reliable over the last 18 months.
MA's (10 and 30), looking for crossovers to signify a change...