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
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Welcome back for another edition of our technical analysis were we help you marry fundamental and charting techniques together to help you become a better investor. Lots of interesting discussions are coming forth within the industry as Justin Trudeau is reassuring that bill C-45 will move forward in Canada and recreational marijuana will happen this year. There are plenty of naysayers out there as well if you are looking for the opposite side of the debate. In the US we have plenty of excitement stirring around the discussions with Session and of course Trump announcing that he is to lift the legal threat to states that permit marijuana use. In today's article, we will cover some technical and fundamental indicators you can use to pair the latest news with your favourite stocks.