I've been trading Canadian Marijuana stocks in the last few weeks, with mostly lots of profit.
Today, they have pulled back from exploding higher, and are offering a good point to buy.
- ACBFF, APHQF, SPRWF bounce off 10ma.
- OGRMF bounce off 50ma and trendline.
- THCBF bouncing off 200ma.
If the sector rally is intact, it should just go from here. However, risk is very high and caution should be taken.
I've re-entered very small positions. I actually expect a longer correction/consolidation, but I believe there is a chance the rally keeps going. Risk management is paramount, and this moving average is a good risk/reward point.
Today, they have pulled back from exploding higher, and are offering a good point to buy.
- ACBFF, APHQF, SPRWF bounce off 10ma.
- OGRMF bounce off 50ma and trendline.
- THCBF bouncing off 200ma.
If the sector rally is intact, it should just go from here. However, risk is very high and caution should be taken.
I've re-entered very small positions. I actually expect a longer correction/consolidation, but I believe there is a chance the rally keeps going. Risk management is paramount, and this moving average is a good risk/reward point.