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Medicalmarijuana

Up In Smoke - MJ burning downA great 2x inverse ETN for this recession is MJIN, which is opposite of MJXL. By early morning of June 8, SMG reported less expected FY22 earnings, sales & profits. This largely affects weed ETFs due to heavy use of their products for growing, as we can see the spike here shortly after the news broke. In this case, due to rising inflation across the economy, most cannabis users will likely go underground to unregulated markets to find somewhat cheaper MJ. So take this ETN & get high.
MLong
by roelds
ACB Trendline Bounce TradeACB appears to be in a good buy spot here- This stock along with many of the marijuana names have been beaten up in the last few weeks/months. The price is on/near the diagonal bullish trendline it has respected for a long period. Although it is not the strongest of trendlines with only 3 real bounces. I do think the risk meets tbe reward here. Im looking at a trade just under 5:1. Close any weekly candle close below the trendline. Take profit at the moving average. If it breaks the moving average in a strong way I will update my price targets. Happy Trading :)
TSX:ACBLong
by andzd
From YOLO to POT, from 0 to 100 I told you about Sunniva and my lucky entry at around 3 canadian dollar. Like Sunniva I also see a long up move in weekend unlimited. First traded under the symbol YOLO (you only live once) they were absolutely lucky to win the symbol lottery when it was about who will trade under the ticker POT. There are only two big ticker symbols that really stand out for the companies business. Thats WEED and POT. WEED is canopy growth like most of you might know and now there is POT wich belongs to weekend unlimited. They state their selves as a lifestyle cannabis company. Its about Canna Candy, Champ and Verve Beverages, Glas blowing, Organic bio canna farming and events with majority canna consumers. On the day they announced the ticker winning they went from around 0,13 CAD to 0,30s CAD and I saw the gap they made and was patient enough to wait for the almost gap close wich happened on friday at 0,135 CAD. So my first entry was at 0,14 CAD and I will take the second part at around 0,10 CAD if it will ever see it. I really believe in the strategy to acquire other companies in the sector but taking the second route. Not the cannabis only production but the everything around that. My plan is to really stick to these two SUNNIVA and WEEKEND UNLIMITED for a long time and let them develop them selves. To many of the major players are absolutely overvalued in my opinion and here we get the uncut diamonds. And they both also operate in California, the biggest market when it comes to POT Just my opinion so make your own research And like always May the markets be with you For more please follow me here and on twitter
PLong
by derfreietrader