TREES Corporation (CANN)

[wp888]

Yup, this is the top US pot stock in dollar volume. It runs when the sector runs, and it runs hard. So, between now and November, you don't have to ask whether it will be a long term success (sorry but personally I think there's basically zero chance of that). The only question is whether you expect the sector to keep running for a 2-4 more weeks.

So far, there's nothing in the chart to suggest the run is over. On a closing basis, the close of 2.58 is right around the 38% retracement (of the run from 1.39 to 2.90). On an intra-day basis we touched the 50% retracement exactly (2.22 being the middle of the run from 1.38 to 3.05), then bounced nicely. Both of those moves are entirely natural for a stock on a run.

I'd probably worry if it broke $2 on volume, but not before.