MJ (cannabis sector ETF) will trigger a long entry for an official swing trade on the next cross above 20.00, which is likely to spark a short-covering rally in the pot stocks.
MJ 60m 2 Oct 17th
The current price targets for this trade are T1 at 21.29 & T2 at 23.15. The suggested stop for the trade is any move below 18.92 with a suggested beta-adjustment of 0.90 to account for the above-average volatility & gain/loss potential in the cannabis stocks (although MJ is a diversified ETF, hence the higher beta-adjustment compared to the individual cannabis stocks).