Long
CBD, Hemp larger (TAM) than THC
Not a huge [smoke] cannabis bull. Albeit tempted to put my dog on a CBD regiment. Alternative anti-inflammatories, medicinal, hemp fuel, food, textiles & building products. The companies that take the lion-share in the total addressable market of the periphery products will be winners. Liking this trend line & the prospects for the plants' use case going forward.
Hindsight, had I built this chart prior to entering the position, would've saved ~$100. A reminder to do your own chart work. 🤙🏽
Hindsight, had I built this chart prior to entering the position, would've saved ~$100. A reminder to do your own chart work. 🤙🏽
Note
cancelled my stop loss order yesterday; staying long this name; healthy correction, most sectors are punching through their trend lines which are no longer support and now face additional overhead resistance. But the world hasn't ended, simply a re-pricing shakeout under way. This trade is sitting in an IRA. All I need is reddit or Robinhooders or the Biden Admin to jawbone decriminalization and we get some reprieve in the pot stocks even in a sour tape.Note
stopped out on ACB, clearly broke it's upward trend like the rest of the complex. a giant middle finger chart pattern pattern forming like just about all of the other growth trades 🖕Albeit Tesla is more pear-shaped 🍐, but a sharp knife trimming that fruit down as well. See you at $7,70 for a dead-cat & $3,95 a share in ACB - it's next key support level. ugh
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.