Long
POTS- Bullish Momentum on Biden Pardons LONG
With a news catalyst, of the pardoning of all cannabis possession federal convictions,
POTS put in some wide range green candles to celebrate the increasing sediment towards
federal legalization.
As the 15-minute chart shows, a downtrending line was broken by price and then retested.
The setup is ripe for a swing long at this time. I see the constituents of this ETF
like SNDL CGC ACB TLRY IIPR as candidates for trades as well. On the other hand,
They could pop and drop and so be candidates to short or take put options.
POTS put in some wide range green candles to celebrate the increasing sediment towards
federal legalization.
As the 15-minute chart shows, a downtrending line was broken by price and then retested.
The setup is ripe for a swing long at this time. I see the constituents of this ETF
like SNDL CGC ACB TLRY IIPR as candidates for trades as well. On the other hand,
They could pop and drop and so be candidates to short or take put options.
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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.
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.