Watching for a breakout...
Updated
As mentioned in my Aurora (ACB) post, the prospect of growth across some of the big players making a mark seems profitable. Risky, but profitable. Planet 13 is another one of my investments and I'm currently waiting to see bigger news, but being that its already had about a 39% growth YTD (July 2018). Largest weed store in Las Vegas...enough said. I'm watching to see if I will be able to pick more up if it breaks down a little or if it's simply just gonna keep rising. As I've mentioned...regardless, buying cheap now in companies that have a lot of growth in sight is a good buy for me.
In political news, Jeff Sessions resigns, Democrats have House and I feel positive on the outlook that there will be more relaxation and acceptance in the cannabis market. This will hopefully continue to drive up prices as more people start to buy based on greater acceptance. I'm looking to see what PLNHF does with its brand.
In political news, Jeff Sessions resigns, Democrats have House and I feel positive on the outlook that there will be more relaxation and acceptance in the cannabis market. This will hopefully continue to drive up prices as more people start to buy based on greater acceptance. I'm looking to see what PLNHF does with its brand.
Trade active
Looks like it's trying to have a little breakout before market close. I'm honestly wanting a pullback but who doesn't..... buy buy buyOrder cancelled
This is going to be a hold. If you're comfortable you can accumulate but there's a risk in either direction depending on your trading style. It's within $1.30 - $1.53 which is range before breakout 17 Sept. 2018. As stated in my (
ACB) chart that the pot market is highly volatile atm and highly speculative. However, Planet 13 store continues to increase the number of customers they are serving daily and is becoming well known. Let's ride it out.Trade active
This was a buy at the $1.70 area for a breakout gain. Honestly, I've been holding onto my PLNHF while I am currently focusing on moves on ACB and BAC. I'd maintain a good eye on Planet 13 as growth and positive news in both the company and the general pot market comes forth. A possible pullback to about $1.87 is likely in the works unless volume and momentum keep up.
Note
Continued positive outlook. Looks to be trying to hold on to a support. I see some selling pressure but a battle of the bulls holding it steady. The breakout came days late and didn't pick any more up but held on. I haven't sold and I transferred my shares to Fidelity where they will remain.
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