HORIZONS MARIJUANA LIFE SCIENCES IDX ETF

HMMJ TSX

Icemoney666

All TP's was done from prev Idea. Now we stay on TP1 or 14$ support line. What to do on Tuesday if you buy on 18$+ or want to buy? We have 3 scenarios: 1) Panic sell continuance. My SL right now on 13$ lvl. The best idea here close the position by SL if we drop under 13$. 2) Bullish: we consolidate or start growing to 16$ and break out to 18$. 3)Bearish: We...

PickStockWinners

Looks like a reversing MACD candle, great time to get in if this level holds tomorrow. The chart is showing rebuilding and formation of a potential breakout.

PickStockWinners

Long term excellent horizon, need to sell off to consolidate gains and profit taking.. Excellent year ahead.

PM-Trade

HMMJ Cup and Handle in play #HMMJ #Cup&Handle #cannabis #potstocks

active023

Seems like the marijuana sector might get interesting once the govt steps in.

Icemoney666

It's my first idea here:) I see a good spot for LONG. All cannabis stocks are bullish now. We have a golden Cross for HMMJ. Buy 10.35 SL 15% TP1 13.9 TP2 18

Sunstorminvest

By Sun Storm Investment Research A Profit & Solutions Strategy Disclaimer: I am not a financial advisor, so please do your own research before trading anything

StockRenter

With all the positive catalysts supporting MJ stocks, I believe its arc provides the most potent evidence for good times ahead.

BitcoinJesse

You wish you could have owned alcohol companies at the end of prohibition. Here's your second and last change at a trade like this. Marijuana is a far less destructive and harmful drug than alcohol with many medical uses and now more socially acceptable than ever. Just wait until mdma and mushrooms come out with more research for these early players to really take off.

eltraderche

So far so good. The gains are holding, and day trade opportunities are everywhere in the cannabis show. The blue wave has a lot to do with it. Imagine that a market with 300m people opens up and its ready to be taken....US legalization. Technically, its good. Good Bullish Trades!

StockRenter

Obviously, the 200DMA is still key. Until we breach the 200 day, we're stuck in purgatory. However, immanently, if we can get back to previous short term support, it would be constructive.

StockRenter

Now that the vote on legalization has been postponed till after the election, it's hard to find many catalysts to help get the sector out of the doldrums. Much of the bad news has been priced in, but perhaps not enough. It seems bankruptcies are being factored in based on its price action. Let's see...

StockRenter

Here's a short term chart for Horizons Medical MJ. It's been trying to base over the last week, with some continued follow-through, albeit timid. I expect we're winding up to the #More vote scheduled for the week of September 21st. For me, it's a coin toss. The overall trend is clearly bearish, but it's certainly putting up a fight to reverse that.

StockRenter

An attempt to break free from its long-term bearish channel is imminent. Recent support pegged at $6.15, a close below it will signal continued bearishness.

theponzimaster

Idea: HMMJ could bounce here

StockRenter

I had published a previous chart on HMMJ, which for now has failed, overshooting to the downside. I have to believe so much bad news has been priced into the sector. There are a couple of positive catalysts that may provide the lift needed to gain favor with investors.

StockRenter

I decided to republish this chart with a tightened up arc, and added some initial price zone/targets.

StockRenter

I like the setup to at least test previous support. A break above would get my attention.