Investamate

Alternative Harvest ETF - Pass the profits to the left hand side

Long
AMEX:MJ   ETF MANAGERS TRUST ETFMG ALTERNATIVE HARVEST ETF
Buy ETFMG Alternative Harvest (MJ.US)

ETFMG Alternative Harvest ETF is an exchange-traded fund incorporated in the USA. The Fund seeks total return performance of the Prime Alternative Harvest Index, which tracks companies likely to benefit from the increasing global acceptance of various uses of the cannabis plant.

Market Cap: $764Million

Cannabis stocks have attracted fresh buying interest in recent days having traded in a terrible downtrend for many months. The ETF has broken out of an ending wedge formation and looks set to unwind some of the short interest that has accumulated over recent months. There are several levels to target on the upside with the ultimate price target being around 52% above yesterdays closing price.

Stop: 15.72
Target 1: 20.15
Target 2: 23.18
Target 3: 27.10

Comments

On the weekly chart, the price is just below the MA21, that seems to be relevant to this ETF. I think that it would be wise to cross this moving average first
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out