Cannabis stocks continued the rise up flying high and successfully holding critical levels of support & breaking through levels of resistance. The move has been so quick that many of these stocks are approaching overbought territory.
What is next for pot stocks?
Do pot stocks keep going up?
Do pot stocks pull back a bit and consolidate a bit before going for another ride?
We take a look at the charts to help us answer the questions. We utilize the Horizons Marijuana Life Sciences ETF to tell the story of the general cannabis market direction.
Charts reviewed in this video:
Aurora Cannabis ACB
Canopy Growth Corporation CGC WEED
Horizons Marijuana Life Sciences ETF HMMJ
48North Cannabis Corporation NRTH
Valens GroWorks Corporation VGW
Disclaimer: Investing in the stock market is risky and should be completed through a professional financial advisor. These videos are for entertainment purposes only