Canadian CANNAINVESTOR Magazine July / August 2018 | Page 257

By Dylan Rogers

Horizon’s Medical Marijuana ETF (TSX:HMMJ)

Horizon’s Medical Marijuana ETF is starting to come off of it’s bottom and for people interested in pot stocks I hope everyone took notice. Investors and traders alike are looking for the various reasons that may have caused them to bottom but I prefer to just let the charts do the talking, as most of the “reasons” is likely no more than “noise”. Here is the HMMJ.to chart that I posted last month for our CannaInvestor readors:

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Technical Analysis of the Canadian Cannabis Market

Welcome back to another edition of our technical and charting analysis. It is hard to believe that we are halfway through the year already. Wow, does time fly when you are high in your investment research and planning? In this month’s edition, we will take a little detour from our usual approach. Upon looking back on our previous articles it is apparent that there is no focus given to bearish setups. While it is a nice thought that your stocks will always be on a bull run, the reality is that likely is just not the case. This may come as a shocker to some, but it’s the cold hard truth. While this may just be a temporary blip or possibly the marking of a bears marking their territory. Regardless, today we will take a look at some of the more common bearish chart setups that you

should be aware of so that you can prepare accordingly and lock in some gains or simply be in the know while you weather the storm.

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