MAPS a technology and marijuana penny stock LONG
MAPS on 240 minute chart is now in a significant breakout with spiking volume and dramatically
increased relative strength. The breakout was caused by the news that the Biden administration
and specifically VP Harris will now push to legalize marijuana and take it off the DEA's
controlled substance schedule which if legislated and enacted will buttress the Biden/Harris
ticket and help the marijuana sector free itself of certain regulatory encumbrances which will
invigorate related stocks. MAPS is a fintech app that includes advertising and helps users
locate and compare dispensaries. I added 200% to my existing position with the news.
I will add another 100% if price can get over the trendline it sits under and stay over it
for a day. My other holdings in this subsector OGI and ACB have have the best 2 or 3 days
in a long time. Will watch for signs of a momentum fade but continue to add to positions
in the meanwhile.
increased relative strength. The breakout was caused by the news that the Biden administration
and specifically VP Harris will now push to legalize marijuana and take it off the DEA's
controlled substance schedule which if legislated and enacted will buttress the Biden/Harris
ticket and help the marijuana sector free itself of certain regulatory encumbrances which will
invigorate related stocks. MAPS is a fintech app that includes advertising and helps users
locate and compare dispensaries. I added 200% to my existing position with the news.
I will add another 100% if price can get over the trendline it sits under and stay over it
for a day. My other holdings in this subsector OGI and ACB have have the best 2 or 3 days
in a long time. Will watch for signs of a momentum fade but continue to add to positions
in the meanwhile.
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