MARIJUANA STOCKS TECHNICAL ANALYSIS – DECEMBER 2017
Today I’m trying a different video where I go over some of the largest Marijuana (WEED) stocks from a technical analysis standpoint. The marijuana industry is exploding, and we need to take a serious look at it from both the fundamentals and technicals to figure out how to take advantage of it. This is the December 2017 edition of a monthly Technical Analysis video on Marijuana (WEED) Stocks!
For the technical analysis while analyzing the stocks, I look at Moving Averages (mainly 20 day, 50 day, 100 day, and 200 day), Bollinger Bands, and support/resistance levels. Combine this with some Stochastics and Volume levels and we have completed our TA on the charts.
So the stocks we cover are Aphria Stock (APH), Aurora Cannabis Stock (ACB), Canopy Stock (WEED), and HMMJ Marijuana ETF. All of these are showing strong technicals and I cover that in this video.
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Disclaimer: None of the stocks, options, or securities that I discuss should be taken as advice or recommendations to buy/sell/hold. The views and information presented in these videos is strictly for educational purposes and I will not be held liable for your gains or losses incurred due to trading, investing, or getting involved in the stock market.
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