While many marijuana stocks fall have small market caps, investors are not stuck investing in marijuana penny stocks, though those can be very profitable.
For investors looking for the one of the best marijuana stock to invest in, while ACB stock may be the more enticing option, their best bet could be Canopy Growth Corp (TSE:WEED).
The first billion-dollar market...
I'm seeing a descending triangle formed since earnings mid-Feb. The triangle sees a failed backtest on 11-Apr, and a battle at long-term (and psychological) support of $9.50 CDN. I'm anticipating a possible fall to the previous psychological support of $9 CDN, but with earnings around the corner, there could be a breakout in anticipation.
I'm a long-term investor...
As we all know, Canada is making big moves towards legal use of cannabis and announced that it will be fully legal in 2018. Many investers are asking themselves if pot stocks will take off.
Well as we all know no 1 knows the truth about what will really happen with pot stock's.
But from personal experience and analysing the cannabis market I think that many pot...
Last eruption of WEED was during nov 2016, A retest of the high was due yesterday and today after earning we se a re-bounce of Fib 50. I take the trade and with a 6% SL but with a 3 time R/R ration,, This is my thinking
