Weed stocks may have found a bottom according to this long term trend line that can be seen on the weekly chart for the MJ ETF.
A break below this line could be very bearish. When trading weed stocks, it's best to stick to ETFs in my opinion as many individual companies dilute their shares to raise money. Investing in an ETF for the most part will help you avoid surprises such as this.
A break below this line could be very bearish. When trading weed stocks, it's best to stick to ETFs in my opinion as many individual companies dilute their shares to raise money. Investing in an ETF for the most part will help you avoid surprises such as this.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
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.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
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.