Global X Cannabis EFT - $POTX Chart Analysis
TAKE A HIT OR LET IT SIT?
On the weekly, it appears POTX is just getting out of the interval correction, moving along into the 4-5 waves of the primary. The MACD started divergence right after the 5th of the interval, so I would expect this divergence to continue throughout the 5th wave of primary, hopefully making the correction easy to read.
I believe we will start to see some support levels around $3 and likely $2.80 to carry the rest of the falling volume before the primary will start to correct, that is only if this EFT is still worth of its' investors. Look for this correction to start around 1st-2nd week of Aug. if one is to take place.
On the weekly, it appears POTX is just getting out of the interval correction, moving along into the 4-5 waves of the primary. The MACD started divergence right after the 5th of the interval, so I would expect this divergence to continue throughout the 5th wave of primary, hopefully making the correction easy to read.
I believe we will start to see some support levels around $3 and likely $2.80 to carry the rest of the falling volume before the primary will start to correct, that is only if this EFT is still worth of its' investors. Look for this correction to start around 1st-2nd week of Aug. if one is to take place.
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