GTBIF - continuing channel or breakout?
I've been looking for an entry into the MJ market for the past 6 months and have been watching a few ones closer than others.
GTBIF has established nice support and has bounced a few times now. They bucked the steeper downtrend channel and formed a fairly parallel channel enclosing the current base support.
I bought in the other day at 8 hoping to catch a bounce off the trend line and a re-entry play again at 8.
2019 ended with most MJ stocks picking up 10%+ whereas GTBIF couldn't push through the trend line and only picked up a 3.85% gain.
If 2020 continues with bullish MJ sentiment; I think GTBIF will hold the trend line then blast through. If there is a early sell off, I think they will hold the current base.
GTBIF has established nice support and has bounced a few times now. They bucked the steeper downtrend channel and formed a fairly parallel channel enclosing the current base support.
I bought in the other day at 8 hoping to catch a bounce off the trend line and a re-entry play again at 8.
2019 ended with most MJ stocks picking up 10%+ whereas GTBIF couldn't push through the trend line and only picked up a 3.85% gain.
If 2020 continues with bullish MJ sentiment; I think GTBIF will hold the trend line then blast through. If there is a early sell off, I think they will hold the current base.
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