MJ potential for bullish move off lows
I have a position in some individual names, but am using the ETF as an indicator of the overall sector. Looking bullish coming off the lows put in earlier in last week, potential 1-2 start of the lows. Target is the previous high, but if we clear the previous high, potential to continue rally.
Also just considering the amount of volume and interest in the overall sector, both by WSB and traditional traders, this definitely has potential.
Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you.
Copyright Rohan Karunaratne 2021
Also just considering the amount of volume and interest in the overall sector, both by WSB and traditional traders, this definitely has potential.
Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you.
Copyright Rohan Karunaratne 2021
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.