Currently MJ is touching a trendline resistance the third time. If a bounce is confirmed, this is a low risk long opportunity. Tight stop losses are a must. Cannabis is still a bear market and a high risk sector.
On the really longer term (monthly chart) RSI is coming from oversold and MACD is closing in. If there is a MACD cross on the monthly, this will likely be followed by a daily golden cross (50 EMA green - 200 EMA yellow). If those things happen (probably until end of year), the chances are high that the cannabis sector will then finally enter a new bull market. I have my alarms set.
On the really longer term (monthly chart) RSI is coming from oversold and MACD is closing in. If there is a MACD cross on the monthly, this will likely be followed by a daily golden cross (50 EMA green - 200 EMA yellow). If those things happen (probably until end of year), the chances are high that the cannabis sector will then finally enter a new bull market. I have my alarms set.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.