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GLOBAL X MARIJUANA LIFE SCIENCES IN

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HMLSF trade ideas

Upwards Trend in HMMJ If you really wanna see the strength of this sector. there's huge support at the long term trendline as the 50, 200 are running parallel the 200 simple and double cross with a break out over 20.35 the previously resistance. Now looking at the holdings in HMMJ ACB needs to perform well as hmmj largest holding is aurora. I think this is a beginning of a large run as the volume is looking is starting to increase we could be less than a month away from new highs here. looking to test 25.59 this month lets see what happens.
TSX:HMMJLong
by derekh42
2
HMMJ: Extended CorrectionObservations Extended correction through an ABCDE wave pattern. Charts still bearish as 55 EMA is above the other EMAs on 3h timeframe. Price trend also well below 55 EMA. RSI is also downtrending making lower highs. Continued pressure across the stock market (i.e. Dow Jones Index is still looking to correct further) Keep a close eye if it breaks down further. Possible buy zone at the previous low of $16.53 and 0.618 fib level (i.e. $14.86) A significant break above $20.28 and 55 EMA support would be good indication of an uptrend to a possible impulse wave. Disclaimer For informational purposes only and not deemed as financial advice.
TSX:HMMJ
by modernpicasso
HMMJ: Marijuana dips dont scare me The marijuana sector is blowing off some smoke after the latest toke up party. The sector is news fueled and volatile but has many buyers on the sidelines so I expect dips to continue being bought. I am a buyer of support levels and a seller of major spikes when we're clearly over extended. Supports: 1) 13.83 2) 12.00-12.15 3) 11.13 Sell targets: Over-extended rallies where daily RSI is 70+ and we're showing weakness on 1-4 hour timeframes.
TSX:HMMJLong
by zbarrage