The cannabis stocks are in bear territory by trading below a major support level, but I suspect the visit will be short lived before we resume consolidation in advance of a bullish breakout
We look at the Horizons Marijuana Life Sciences ETF to tell the story of the general cannabis market direction along with discussion about the direction for cannabis stocks in 2019 with multiple catalysts on the near term horizon.
Charts reviewed in detail to aid in the story of the cannabis market sentiment and direction is Aurora Cannabis ACB and Canopy Growth Corporation CGC WEED on the Toronto Stock Exchange (TSX)
My holdings are reviewed on the daily chart which are 48North Cannabis Corporation NRTH and Pure Global Cannabis PURE
Why I like 48North Cannabis Corporation:
Disclaimer: Investing in the stock market is risky and should be completed through a financial advisor / firm. These videos are for entertainment.