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Welcome to the second instalment of CANNAINVESTOR Canada’s technical analysis of the Public Cannabis Markets. It has been quite some time since I wrote the last article and we are now a full couple of weeks off of Trudeau’s announcement/plan for legalization which is due some time in spring 2018. I can’t help but point out the irony in the fact that many investors bought shares in these companies a year(s) ago in hopes of Trudeau keeping his election promise to legalize cannabis. Fast forward to present day and some of those same investors saw that decision come to fruition only for their investments to sell off in the double-digit percentages. This, for me, reinforces my belief that a strict “fundamental approach” as I touched on in last month’s edition, without combining the use of technical analysis, is suboptimal. Obviously, I understand that these companies had their share prices run up in a big way in the last few years and likely had Trudeau’s bill “priced in” but it still seems odd to think of in a logical manner that the decision to essentially fully legitimize this company to a legal recreational market saw a sell off. Now without further ado let’s look at some charts again!