Clearly weed stocks took a beating this year, in the short term, there might be some more pain, but in middle term I expect a reversal.
Impending cross on MACD weekly, I believe the bottom is in. We are now in the accumulation phase in marijuana stocks. All the big name players are heavily discounted, mostly due to overproduction in the last quarter. This is one of the best Marijuana ETFs out there, much more stable than the concentrated growers ETFs.
HMLSF has been in intermediate downtrend since Oct 2018 and is nearing very strong support zone. This Marijuana ETF boasts a 4.6% div yield w/ $800M AUM. This might just be one of your best bets for playing the industry "Safely" if you're looking for exposure to the industry.
HMLSF expected pullback due to high stoch and macd - was slight and DAMN another run on dope
if you're looking to pulls some profit from the weeds,stick a bit of cash in the pot, this ETF has alot of increasing volume interest. MACD and Stoch at the top at the moment, so I wont be surprised if there is a little pull back in the next few days. but technicals are solid
This is the OTC for HMMJ trading on the TSE - if you believe in the cannabis industry that's about to be completely legal in Canada next year, this ETF may be bottoming and ripe for entry