Hi guys!
We might have seen the bottom for the Cannabis stocks. I really like the candles being formed. More downside is possible to 8-7.5 where i would buy again.
Below that is just bad. I don't often do a 'path' prediction, but i give it a shot. Iw we don't go further down, imagine the path botom starts here :).
So, on the daily chart we bounced form the 200MA, the RSI is oversold.
On the weekly we bounced from the 100MA and 50MA.
We are definitely in the early stages of the WEED bull market. Pullbacks on the daily RSI @ 40 could be bought.
Fundamentally cannabis is a good-news show where lots of legislation in the US is being proposed to benefit the sector.
Great diversification: HMMJ
Safe, Large player: CGC/WEED
Speculative bet: SNDL
We might have seen the bottom for the Cannabis stocks. I really like the candles being formed. More downside is possible to 8-7.5 where i would buy again.
Below that is just bad. I don't often do a 'path' prediction, but i give it a shot. Iw we don't go further down, imagine the path botom starts here :).
So, on the daily chart we bounced form the 200MA, the RSI is oversold.
On the weekly we bounced from the 100MA and 50MA.
We are definitely in the early stages of the WEED bull market. Pullbacks on the daily RSI @ 40 could be bought.
Fundamentally cannabis is a good-news show where lots of legislation in the US is being proposed to benefit the sector.
Great diversification: HMMJ
Safe, Large player: CGC/WEED
Speculative bet: SNDL
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