The bigger picture for weed
Mis à jour
This is a 1-month chart, which enables us to see the very long-term trend.
Honestly nothing is really happening yet, we maintain a consolidation for almost a year, after a long-term heavy decline.
Fundamentally, nothing has shifted yet, but it looks like there is some interest with Biden getting nominated.
Stocks are undervalued; that doesn't mean they can become even more undervalued.
I am watching them, but don't feel the time is right yet. If you don't want to miss out, buy a 25% of what you would normally. I am keeping them on a watchlist.
Honestly nothing is really happening yet, we maintain a consolidation for almost a year, after a long-term heavy decline.
Fundamentally, nothing has shifted yet, but it looks like there is some interest with Biden getting nominated.
Stocks are undervalued; that doesn't mean they can become even more undervalued.
I am watching them, but don't feel the time is right yet. If you don't want to miss out, buy a 25% of what you would normally. I am keeping them on a watchlist.
Note
We are now breaking out of the consolidation!A daily close above $17.5 could potentially take us to $25.
Transaction en cours
There was a slight failed breakout, just to pop-up above the resistance line on strong volume.RSI is 68, which means it is not oversold, and still has some room to rally.
I still believe YOLO is a better ETF for investing in Weed stocks than MJ.
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