Marijuana Market Increased Demand
I've been calling this for months, I like it as an investment, I recommend getting into stock investments such as this 10-20 percent at a time over the course of months, accumulating a position, mimicking the style of large operators, and holding at least a year for tax purposes. This market is highly discounted and has plenty of upside potential, if you check the dates of my first post you'll see I was buying before Pfizer invested 8 billion into the MJ market the following week.
Quarterly:
- Nice Doji at the bottom of the implied range.
- This quarter closes in less than a week.
Monthly:
- Two candle reversal with the market failing to close below $11.00 per share for the last 3 months its been within range.
- Next Thursday closes this months candle.
Weekly:
- Momentum divergence.
- Broken previous swing highs, closed above previous swing as well, indicating at minimum a weakening in selling pressure.
Daily:
- Broke back above multiple resistance levels in the short term.
Happy trading/investing, please like and share!
Quarterly:
- Nice Doji at the bottom of the implied range.
- This quarter closes in less than a week.
Monthly:
- Two candle reversal with the market failing to close below $11.00 per share for the last 3 months its been within range.
- Next Thursday closes this months candle.
Weekly:
- Momentum divergence.
- Broken previous swing highs, closed above previous swing as well, indicating at minimum a weakening in selling pressure.
Daily:
- Broke back above multiple resistance levels in the short term.
Happy trading/investing, please like and share!
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