Cabot Marijuana Investor Update

Cabot Marijuana Investor

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Article Excerpt

Not a lot has changed since last week’s issue—overall, the cannabis sector remains in a correction—but there are a few stocks worthy of an update.

Comments

  • Timothy L.

    TCNNF is definitely ripe for a pullback, and if a big one comes, it could take away half the advance (down to 10.7) or take the stock down to previous resistance, which would now be support, which would be 10.5. Thus I have suggested partial profit-taking to my readers. But if you’re watching closely, trailing a close stop could work well, too. As for choosing an entry point, just watch the chart, and see what it offers.

  • hi,
    I am no expert and always look forward to your letters. TCNNF – It has formed a tripple top on the RSI. Is it appropriate to expect a deep correction to about about $11.70 ? I am trying to establish a rentry point. Thanks

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