About 2 weeks ago, member @bluemagic had asked for my opinion on a few top picks in the cannabis sector: CANN, AMMJ & GRNH. Those charts all had very well-defined technical levels & bullish developments to boot & since then, those 3 stocks gained 140%, 73% & 74% respectively. After bringing my attention to the marijuana stocks, I started digging deeper & found chart after chart with bullish chart formations and recent price action, with quite a few stocks at or near key resistance levels, either poised to breakout or having just recently done so, many of these breakouts occurring one high volume to boot. The sector has recently been moving higher with many of the cannabis stocks participating. This trend could continue for days, weeks, months or it could fizzle out quickly, should the momentum traders decide to exit & move on to the next sector de jour.
Marijuana Stocks Flying High (video)
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