ETFMG Alternative Harvest ETF
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The bigger picture for weed

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This is a 1-month chart, which enables us to see the very long-term trend.

Honestly nothing is really happening yet, we maintain a consolidation for almost a year, after a long-term heavy decline.


Fundamentally, nothing has shifted yet, but it looks like there is some interest with Biden getting nominated.

Stocks are undervalued; that doesn't mean they can become even more undervalued.



I am watching them, but don't feel the time is right yet. If you don't want to miss out, buy a 25% of what you would normally. I am keeping them on a watchlist.
Nota
We are now breaking out of the consolidation!

A daily close above $17.5 could potentially take us to $25.
Dagangan aktif
There was a slight failed breakout, just to pop-up above the resistance line on strong volume.

RSI is 68, which means it is not oversold, and still has some room to rally.

I still believe YOLO is a better ETF for investing in Weed stocks than MJ.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.