The cannabis stocks continue to consolidation maintain the pull back that we predicted as many of the cannabis stocks were exiting the overbought territory.
Aurora Cannabis is formed the cup and handle formation, and the Horizons Marijuana Life Sciences ETF (HMMJ) is demonstrating consolidating on lower volume.
The stage for a break out is set.
How much further do some of the individual cannabis stocks pull back?
How much longer will we consolidate for?
Is this consolidate or pull back healthy?
Will Aurora Cannabis go above $10 on the next run?
Is now the time to buy or sell cannabis stocks?
To answer the above questions we look at the general cannabis market direction using the Horizons Marijuana Life Sciences ETF (HMMJ)
Charts Reviewed in Today’s Video:
Horizons Marijuana Life Sciences ETF HMMJ
Aurora Cannabis (ACB)
Canopy Growth Corporation (CGC WEED)
48North Cannabis Corporation (NRTH)Valens GroWorks Corporation (VGW)PURE Global Cannabis (PURE) *Welcome back into the portfolio*
Medipharm Labs (LABS) *Newest addition to the portfolio*
Disclaimer: Investing in the stock market is risky and should be completed through a professional financial advisor / firm. These videos are for entertainment purposes only.