Back when this was $20, I used the Ichimoku cloud to determine it was going to hit $16. See it here: 
Since, them it's been steadily free falling, and we've got several more gaps to fill that will drag the rest of the sector down with it. The next gap to fill is 9.83, which I most definitely see happening. However, there's a very small gap at 9.13 which may need to be filled (although, I'm not sure how significant such a small gap will play, especially after the sector has been selling off since February!
See my analysis of WEED to see where this really get's interesting.
Finally, did you know HMMJ has some spin off leveraged bull and inverse ETFs? I know when we reverse, I'm throwing some money into HMJU.
Check them out here: newswire.ca/news-releases/horizons-etfs-launches-world-s-first-leveraged-and-inverse-marijuana-etfs-849886000.html
Since, them it's been steadily free falling, and we've got several more gaps to fill that will drag the rest of the sector down with it. The next gap to fill is 9.83, which I most definitely see happening. However, there's a very small gap at 9.13 which may need to be filled (although, I'm not sure how significant such a small gap will play, especially after the sector has been selling off since February!
See my analysis of WEED to see where this really get's interesting.
Finally, did you know HMMJ has some spin off leveraged bull and inverse ETFs? I know when we reverse, I'm throwing some money into HMJU.
Check them out here: newswire.ca/news-releases/horizons-etfs-launches-world-s-first-leveraged-and-inverse-marijuana-etfs-849886000.html
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