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GLOBAL X MARIJUANA LIFE SCIENCES IN

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HMLSF trade ideas

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 buying opportunity. I do see the risk it to go in "extreme oversold" territory. potentially going towards 6.60 for a brief moment. All in all, for a longer term investement this is a perfect entree. Big targets, Big Money! T1: 20 T2: 25 T3: 40
TSX:HMMJLong
by leamese
1
HMMJ LONGHi guys! We might have seen the bottom for the Cannabis stocks. I really like the candles being formed. More downside is possible to 8-7.5 where i would buy again. Below that is just bad. I don't often do a 'path' prediction, but i give it a shot. Iw we don't go further down, imagine the path botom starts here :). So, on the daily chart we bounced form the 200MA, the RSI is oversold. On the weekly we bounced from the 100MA and 50MA. We are definitely in the early stages of the WEED bull market. Pullbacks on the daily RSI @ 40 could be bought. Fundamentally cannabis is a good-news show where lots of legislation in the US is being proposed to benefit the sector. Great diversification: HMMJ Safe, Large player: CGC/WEED Speculative bet: SNDL
TSX:HMMJLong
by leamese
Random Walk Index Indicator (RWI)This is a perfect indicator to determine the trend direction! 💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲 ✅ Uptrend strategy: When RWI high (purple in this video) is above the RWI low then the trend is up. Combine this indicator with the Fisher Transform indicator, then open long positions as per the Fisher Transform when the trend is up. ✅ Downtrend strategy: When RWI high (purple in this video) is below the RWI low then the trend is down. Combine this indicator with the Fisher Transform indicator, then open short positions as per the Fisher Transform when the trend is down. Uptrend strategy: When RWI high (purple in this video) is above the RWI low then the trend is up. Combine this indicator with the Fisher Transform indicator, then open long positions as per the Fisher Transform when the trend is up. Downtrend strategy: When RWI high (purple in this video) is below the RWI low then the trend is down. Combine this indicator with the Fisher Transform indicator, then open short positions as per the Fisher Transform when the trend is down.
TSX:HMMJEducation
by apadanaforex
2
HMMJ - what to do on Tuesday? Buy or Sell?All TP's was done from prev Idea. Now we stay on TP1 or 14$ support line. What to do on Tuesday if you buy on 18$+ or want to buy? We have 3 scenarios: 1) Panic sell continuance. My SL right now on 13$ lvl. The best idea here close the position by SL if we drop under 13$. 2) Bullish: we consolidate or start growing to 16$ and break out to 18$. 3)Bearish: We re-test 16$ and go down. So I recommend (If you already in the market like me) be ready to close your position by SL or on ~16$ if we not breakout up this lvl. HMMJ ETF contains: 19% Aphria - Stay on W support. 16% CANOPY GROWTH - stay on W support. 11% GW PHARMACEUTICALS PLC. - HOLD/bullish 11% CRON - stay on his support. So I think we will rebound from support lines for 10-20% gain for minimal. And after that, we will see what to do next.
TSX:HMMJ
by Icemoney666