- Marijuana Sector is still in a downtrend - Bearish.
- At an important level of support...could bounce and climb to $27.50 before rejecting and continuing the downtrend (unless marijuana is legalized).
- Watching for bullish volume but don't hold your breathe.
- Expecting a reversal as soon as marijuana is legalized.
Recommendation:
- Scalps / Daytrades
- Short-term swing trades (less than 1 month) or LEAPS (2023 or 2024 Calls)
- At an important level of support...could bounce and climb to $27.50 before rejecting and continuing the downtrend (unless marijuana is legalized).
- Watching for bullish volume but don't hold your breathe.
- Expecting a reversal as soon as marijuana is legalized.
Recommendation:
- Scalps / Daytrades
- Short-term swing trades (less than 1 month) or LEAPS (2023 or 2024 Calls)