The markets are seeing a mix of red and green to kick off the second last week of February, the index continues the consolidation after the most recent pull back and I believe this is all a healthy piece of the longer term bull trend Aurora Cannabis approached the support at $9.14 which I believe to be the bottom of the pullback before a brief consolidation period takes us into the next leg of the bull trend.

Medipharm Labs is on absolute fire following the blockbuster supply agreement with a mystery licensed producer. Closing just beneath the $3.00 support and for the first time since listing trading prices above $3.00!

How did the market digest the earnings from Aurora & Canopy Growth?
Why do I think Aurora Cannabis is going to $13
How much lower will Aurora Cannabis stock go before breaking out of the pull back?
How far of a pullback is no longer healthy for Aurora?
What is the sentiment in the segment right now? Bullish, Bearish or Neutral?
To answer the above questions in this view we talk about the general cannabis market direction, identifying levels of support and resistance utilizing candlestick charts.

Charts Reviewed in Today’s Video:

Horizons Marijuana Life Sciences ETF (HMMJ)
Aurora Cannabis (ACB)
Canopy Growth Corporation (CGC WEED)
48North Cannabis Corporation (NRTH)
Medipharm Labs (LABS)
The Supreme Cannabis Company (FIRE)

All of the above stocks are either on the Toronto Stock Exchange (TSX) or Canadian Securities Exchange (CSE), all of which have an OTC (US) or New York Stock Exchange (NYSE) equivalent ticker.
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.