This is the 3rd of at least 5 videos that I plan to publish today covering any sectors, industries or commodities that stand out as potential trading or investing opportunities with attractive risk-to-reward profiles. As I've posted extensive coverage of dozens of individual marijuana stock setups in recent weeks, this video focuses mainly on some of the considerations & strategies to consider when trading the high-flying (no pun intended) stocks, many of which have posted double & even triple-digit percent gains in just the past few weeks or even days. Brief updated on about a half-dozen or so cannabis trades as [...]
After the huge "buy the rumor" rally leading up to the US elections back in November in anticipate of several states voting to legalize the sale of marijuana, followed by the subsequent "sell the news" correction, it appears that many of the cannabis stocks that I follow may be setting up to rally. As I have a total of 40 cannabis related stocks that I monitor, 38 of which stand out as potential trade setups at this time, I broke the coverage down into two separate videos. The first video starts out with a discussion of some trading/investing tips & strategies [...]
As per requested by @stock51 in the trading room, this video is part 1 of 2 videos on the 40 stocks in my Cannabis watchlist, covering the first 20 stocks with key technical levels. Bottom line is that there is a mixed bag of technicals in the cannabis stocks right now; some bullish setups & recent breakouts along with some bearish chart patterns & recent breakdowns with the majority of marijuana stocks trading sideways to slightly lower as they continue to digest the huge gains & overbought conditions from the rally leading up to the US elections in November. The following [...]
The second of two videos covering the remaining 17 stocks in my cannabis watch-list (the first 23 were covered in yesterday's video). Key support & resistance levels, buy points & price targets along with the near-term outlook for each of these stocks are discussed. The following stocks are discussed in this order: CNAB, SGBY, CANN, ENRT, CBDS, GRWG, IIPR, ERBB, AMMJ, TRTC, MCOA, CGRW, CVSI, SHUM, CBIS, CNBX & AERO.
The second of two videos covering outlook for the remaining 28 of the 38 stocks in my Cannabis watchlist, including objective buy points, stop levels & potential price targets. The following stocks are covered in this order: CBIS, APHQF, EMC.V, SGBY, CNBX, THCBF, MJNA, PHOT, OGI.V, TWMJF, GRWG, CNAB, CNAB, DEWM, CHUM, CGRW, ACBFF, ERBB, AERO, CBDS, EAPH, SPRWF, MJN.V, MCIG, OGRMF, TBQBF, MCOA, CARA, ENRT & ATTBF.