Fill the gap! MJ Stocks Rally, MedMen Positioned for a Pop!
Updated
Looking for a fill the gap strategy this week on MedMen and watching premarket activity in the entire sector to take picks. I'd watch for profit taking after retail longs over the weekend close out their positions. Dip-buy that morning panic folks! So long as the market holds strong through the weekend this could be an epic week before major earnings reports. It's the end of prohibition and the moment to make decisions that will affect your entire year's progress in this sector of opportunity.
MedMen is positioned for a pop, with a wide-open MACD on a second-green-day after a major run on MJ stocks last Friday. I'm taking long positions throughout the week in the entire sector as I watch for profit-taking opportunities and increased institutional buying/buy-backs. Competition is fierce, and you can find both positive and negatives about every ticker depending on positions.
MedMen is positioned for a pop, with a wide-open MACD on a second-green-day after a major run on MJ stocks last Friday. I'm taking long positions throughout the week in the entire sector as I watch for profit-taking opportunities and increased institutional buying/buy-backs. Competition is fierce, and you can find both positive and negatives about every ticker depending on positions.
Note
Well the pop was short lived! Looking for a better entry in MedMen following some unexpected bad news and a sector downturn.
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