As usual, Cannabis stock is facing the risk of regulation and black market. After extensive sell-off starting in March 2019, APHA may have finally found its bottom at 2. Short-term may be choppy, but I expect the uptrend to continue as long as the demand zone holds. .
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The MJ Sector has been down-trending since March of 2019, still has yet to see a real bounce with a solid continuation. As of May 2020 it looks like we are ready to bounce but still, I am weary that they will do another fakeout breakout. Anyhow, I am expecting MJ's price to eventually break above these down-trending lines. They are still rejecting the price...
Wow, great trend, much support. Hey, I've said it before I'll say it again, I'm no technical analysis guru. I think most of it is hooplah. Have you ever heard of the guys on Wall Street who threw darts at random stocks on a wall and those picks ended up performing better than most professional hedge fund managers? Yeahhh, exactly. I personally don't believe in...
Long of course on MJ, but if we don't keep the support, we're in for a crash and a nap.