TLRY and CGC seem to be retail's top picks for the MJ industry, but I really dislike both companies. Therefore, I'm going to stick with the ETF instead. Surely, fund managers know what they are doing :D.
Monthly RSI is oversold + Monthly Bullish Divergence on MACD. MJ falling below VAL and the 1 fib at $6.7 with below average volume indicates recent price action could potentially be a fake out. Bearish momentum is also decreasing on the MACD histogram. With the monthly close days away, MJ is forming the beginning of a potential morning star pattern. As long as MJ is below VAL at $7.2, I'm ok with building a position.
Monthly RSI is oversold + Monthly Bullish Divergence on MACD. MJ falling below VAL and the 1 fib at $6.7 with below average volume indicates recent price action could potentially be a fake out. Bearish momentum is also decreasing on the MACD histogram. With the monthly close days away, MJ is forming the beginning of a potential morning star pattern. As long as MJ is below VAL at $7.2, I'm ok with building a position.