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Tuesday, November 19, 2019 2:40:56 AM
Marijuana Stocks Are Tumbling — Are Any Good Buys Right Now?
TL;DR -
1. Cannabis, CBD & Hemp stocks are worth watching
2. MJ Stocks are in freefall, making 52wk or all time lows; none are currently 'basing'
3. If buy setups occur, get onboard, but BE QUICK TO CUT LOSSES
4. "Bottom Line: MJ stocks are not a good buy currently"
Does any of the above matter to folks here, or in other MJ stocks? Beats me, but the article is worth a quick look IMO.
We watched MJ stocks one year ago looking for buy signals, which we DID get. But the monster-reversal downward has been tough on those who HODL without much thought or action when fortune turns.
CNOPF remains my go-to, and one signal I wait for is RSI(30) below 30. We're getting there... at which point it gets interesting again.
GLTA!
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