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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