Technical
Analysis
of the United States
Cannabis Market
Curaleaf Holdings, Inc. (OTC: CURLF)
Curaleaf has been stirring up quite the buzz recently with its news and soaring stock prices. Per their website description, Curaleaf is known for educational outreach. In order to better serve patients, we strive to help physicians, pharmacists, and our dispensary staff understands our products and their delivery systems. Much like Curaleaf outreaches to educate, her at Cannainvestor we are here to help educate you to make better-informed investment decisions. Part of this equation involves considering looking at candlestick charting patterns.
Much like the many strains of cannabis available, there are many different candlestick charting patterns that all imply different possibilities. Today we will explore the Bullish Harami. This is a rather simple two-day candlestick pattern. The first day is a longer red bodied candle followed by the second day being a green (white on this chart) day that has a smaller body that fits inside the body of the previous day. Think of it as a pregnant lady. The second day is the baby - and when that baby is born it is poised to be off to do bullish things. Note that this pattern typically serves best when it comes off of a downtrend similar to the mini downtrend that Curaleaf had when the highlight bullish harami occurred. The next time you see this simple two-day candlestick pattern occur perhaps you can watch it give birth to additional gains in your account.
170