ETFMG Alternative Harvest ETF
We have been tracking the MJ ETF for many years now. Club members want to know when the price action turn around will happen as cannabis industries continue to boom in the US while congress seems to be stuck in the mud regarding the legislation needed to move forward with a legal federal charter. 100s of billions of dollars worth of products are waiting to be federally recognized as legal. Thousands of legal businesses are awaiting a SAFE banking charter reform act to be adopted. Until then, we sit and watch patiently as price hold the 4.44 level (4.20 bottom in?)
The good news is the bottom white line is zero and we can guarantee it wont go past that.
Outlook:
Hold strong if long in our humble opinion
Range: $4 - $8
Short term neutral - accumulation
Long term this industry will explode with a catalyst like US federal legalization.
We have been tracking the MJ ETF for many years now. Club members want to know when the price action turn around will happen as cannabis industries continue to boom in the US while congress seems to be stuck in the mud regarding the legislation needed to move forward with a legal federal charter. 100s of billions of dollars worth of products are waiting to be federally recognized as legal. Thousands of legal businesses are awaiting a SAFE banking charter reform act to be adopted. Until then, we sit and watch patiently as price hold the 4.44 level (4.20 bottom in?)
The good news is the bottom white line is zero and we can guarantee it wont go past that.
Outlook:
Hold strong if long in our humble opinion
Range: $4 - $8
Short term neutral - accumulation
Long term this industry will explode with a catalyst like US federal legalization.
Comment:
5 years of selling might finally be coming to an end.