I've been looking for an entry into the MJ market for the past 6 months and have been watching a few ones closer than others.
GTBIF has established nice support and has bounced a few times now. They bucked the steeper downtrend channel and formed a fairly parallel channel enclosing the current base support.
I bought in the other day at 8 hoping to catch a bounce off the trend line and a re-entry play again at 8.
2019 ended with most MJ stocks picking up 10%+ whereas GTBIF couldn't push through the trend line and only picked up a 3.85% gain.
If 2020 continues with bullish MJ sentiment; I think GTBIF will hold the trend line then blast through. If there is a early sell off, I think they will hold the current base.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.