7 Marijuana Stocks With Critical Levels to Watch

onthehook8 (72)in #cannabis • 5 years ago

Cronos Group stock continues to consolidate or trade around the $15 level. You don’t need to be a Market Guru to realize that the $14 level is important one.

Interesting article about the prices of a lot of the big cannabis companies. It doesn't look like any of them are going to hold support, and I predict new lows are right around the corner. Cronos might break the $14 support today, not looking good if you're long......

Read the full story here....
https://finance.yahoo.com/news/7-marijuana-stocks-critical-levels-152645893.html

#medicine #health #pot #marijuana

5 years ago in #cannabis by onthehook8 (72)

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rodmanlaw (54) 5 years ago

playing with options on the bigger names (bearish obv) has been quite interesting. None of the US traded entities have anything close to a rational valuation. Investors are partying like it's 1999... woof

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onthehook8 (72) 5 years ago

It's pretty bearish in the cannabis market right now, my guess is that there will be a big flush out and then a rally in the end of the year as companies make significant news, the big names have too much cash on hand to do nothing but sit on their hands.....

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