Summer Lows In For Cannabis Stocks?
Summer Lows In For Cannabis Stocks?
IWM breakout helping small growth stocks.
MSOS most bullish day in a while Thursday.
MNMD monthly higher low attempt.
TCNNF solid base at $9
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Democrats are gonna mention cannabis soon to gain voters
I’m in MJ $4c 8/16/24
Back in Q1 you and I talked about us wanting weekly/monthly consolidation for a few months to get the sector back into the ‘nobody cares’ mode while it digests the gains before election season. Now we’re here and IWM has just seen the highest weekly close since Jan 2022 on heavy bull volume. Hated and heavily shorted stocks (cannabis stocks are both) will benefit from this action just as we get into the home stretch of the election season where hedge funds also have to price in ballot day risk to their short MJ positions. The perfect storm may be setting up here… ππ
Note: Real hard to give a "Summer lows" probability, for example, I am way more confident in TCNNF lows being set than MSOS
Dan, Dan the wizard man, telling us all about his cannabis plan.
Nailed it. Again.
Hope you have a great time in Utah!
Thanks for sharing your experience & wisdomππΏ
Tilray has a bigger market cap at 1.55 B which takes more volume to move it higher than ACB or CGC! Also ACB and CGC are the most laggerds since both are in a monthly downtrend still! You got HITI, SNDL, VFF, CRON in monthly uptrends! Tilray needs to break $3.40 , and OGI $2.92 to confirm their monthly uptrends!
dude im so fuckin lonely i just go out and smoke weed alone and yap at my phone… if you somehow enjoy shit like that, I just posted a video
Good stuff.."higher highs" are in sight if unrealized technically. And the TSX is at an all time high; luckily in higher Cdn dollars although share prices also seem higher.
This is called the USD Effect in the expansive northlands..
So to break it all down, it’s either going to go up, or it’s going to go down. Thanks for listening.