Downtrend Cooled Off => See how long it stay sideways.
Cannabis stocks plummets for almost a full year.
I think that the initial hype of the Cannabis industry is over.
Those who entered the market as retail investor looking to take advantage of the hype had left probably lost quite a few $$.
With plans for Toronto to open up more stores might not help.
The daily MACD does show signs that Cannabis is recovering crossing over the weekly MACD, but it will be a while before the weekly MACD catches up and willy most likely create a sideway market for the time being.
I think that the initial hype of the Cannabis industry is over.
Those who entered the market as retail investor looking to take advantage of the hype had left probably lost quite a few $$.
With plans for Toronto to open up more stores might not help.
The daily MACD does show signs that Cannabis is recovering crossing over the weekly MACD, but it will be a while before the weekly MACD catches up and willy most likely create a sideway market for the time being.
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