Buy Before the End of ProhibitionYou wish you could have owned alcohol companies at the end of prohibition. Here's your second and last change at a trade like this. Marijuana is a far less destructive and harmful drug than alcohol with many medical uses and now more socially acceptable than ever. Just wait until mdma and mushrooms
Key stats
About GLOBAL X MARIJUANA LIFE SCIENCES IN
Home page
Inception date
Apr 4, 2017
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
Global X Investments Canada, Inc.
The fund invests in equity securities as well as ADRs of companies substantially in the same proportion as its underlying index. These securities are listed on stock exchanges in North America, and are classified as life sciences companies (including those involved in biopharmaceuticals, medical manufacturing, distribution, and bio products) as well as other companies with significant business activities in the marijuana industry. Rebalanced quarterly, the portfolio is market-cap-weighted with 10% maximum capping for each constituent.
Classification
What's in the fund
Exposure type
Process Industries
Health Technology
Finance
Stock breakdown by region
Top 10 holdings
HMMJ Oversold - Time to AccumulateCannabis is still in the early fases off acceptance and adoption. Wild swings are expected.
I expected this drop, looking at my previous anlyses. For long term holders this is no big deal.
Looking at the RSI on the daily level, it is oversold, also touching the 0.236 FIB level. This is a perfect bu
Pot stocks on watchHMMJ has broken out of this long term down trend. The sector could gain some momentum again if there is any favourable news about easing US laws regarding MJ. I would expect resistance coming into the 236 fib retracement. I will take the sector more seriously if price can consolidate below that le
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.