Bearish week in the sector is having some longer term charts get crushed, but others are much more neutral such as HEXO which has been trading sideways for the past two months. Looking at some potential price targets (NOT buy targets) using the longer term charts if we confirm daily & weekly bear flags this coming week.
At this point I believe odds favour another lower low but as always we will get more information every day and constantly adjust for the most likely scenario.
Longer term bulls with an interest in Canadian MJ sector are starting to pay attention
The XBI I talk about in the video is the biotech sector; XBI is the ETF that tracks it.
As always...thanks for the supportive messages and if you like what I do, please subscribe for updates!
At this point I believe odds favour another lower low but as always we will get more information every day and constantly adjust for the most likely scenario.
Longer term bulls with an interest in Canadian MJ sector are starting to pay attention
The XBI I talk about in the video is the biotech sector; XBI is the ETF that tracks it.
As always...thanks for the supportive messages and if you like what I do, please subscribe for updates!