HMMJ appears to be consolidating along side the whole CDN cannabis sector. I'm just paper trading to get a feel for this ETF during this consolidation.
I've been watching this one break through resistances for a few weeks, now it could be pulling back and therefore possibly a good time to buy as it consolidates.
Stochastic having a bullish crossover as it puts in higher lows as well as the MACD.
If I was to buy now, I'd sell @ $33.90... but I'm not sure if I'm using the fib correctly (?).
Pls offer me...
9ma above the 50ma above the 200 creating a nice looking chart putting in higher lows for the last couple weeks.
RSI heading into the 'boo ya' buy area.
I'm just learning so criticism is helpful.
If I was to buy now I'd sell @36.16 provided it breaks past 34.61
...or possibly ride the BB to the $38 dollar resistence.
