CGC long: bigger move at play

FUNDAMENTAL ANALYSIS:
//foxnews.com/politics/historic-vote-marijuana-decriminalization

With decriminalization of marijuana, we definitely can see a huge surge in pot stocks and ETFs; Especially in this market where we are at ATHs i believe we can see market rotations to this sector and pump it back to the likes of $50, however i am in a more medium term play my option expires February, so i think we can see a surge at least to $20-22. Which i will be super happy if that happens. i think people will use this news as FOMO....Hopefully

TECHNICAL ANALYSIS:

We are bouncing off the dangerzone which if broken will lead us back to $12.

If we could just pump $2 it will be over both 50MA and 200MA.

It is also still in a higher low formation, candles are looking smaller and weaker, but even if this is the case, it will range longer and form more support to spring board over $20.

Thats all folks!!!

SO BASICALLY:

TLDR; pot is being decriminalized, leading people to consume it and buy more openly

HAPPY TRADES