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MJ trade ideas

MJ...no not Michael Jordan! Call!Sorry, in class and can't give full analysis. Everyone likes weed. COVID sucks, and I just saved a bunch of money on my car insurance by switching to geico.... Strike Price: $33.40 Price should test the new resistance zone. Which was an all time high a few years ago. We see where the world is today...I think it'll surpass the resistance. Unfortunately, my contract expired 2/19.... lmk what you think? like, follow, agree, disagree? -Amatuer Robinhood Trader
AMEX:MJLong
by Redimere_91
MJ LongI am bullish on the weed sector because : - It a new industrie that have big potential in the recreational and medical market. (country start to legalise marijuana and the demand is here) - We start to see more solide sales and profit for compagnie. - New countries are starting to look to legalize cannabis, including the United States. (Definitely a big market and a good sign for this industry) On a technical approche, - We had a 2,5 years of 'correction' after the frist 'bubble' of this sector. ( = we have room to go to the up side) - Last week we broke the high of 2020 (this is a good sign for a much bigger run) - Some media restart to talk about this 'promising industry' and this probably means new capital will go in this sector. (= Asset will appreciate = the price will go higher) On a more speculative note, here are my tought on the future price action : - Price could retrace tomorrow and for a coupple of days but i dont think it will happen. I think we will see more of FOMO from participant and more short squeeze to push higher the price. - I see, right now, the 25$ price, to be the next big stop. From 25 $ I think we could see some retracement, consolidation or, hopefully, a nice bounce from this level to push the price higher. To conclude : The difference between this new rally and the previous one, is that, this new rally is backed w/ number. Sales and profit will be usefully to keep value in these asset during the climb.
AMEX:MJLong
by Leroux
$MJ Going HIGHERThere are very few "no brainers" in the stock market but this one certainly deserves the label. The government is printing/spending money at a record rate and with democrats running the show there should be minimal resistance to legalizing marijuana at the federal level. Plain and simple, the government needs the tax revenue and people have been crying for a change in policy. While this may not happen overnight, it is likely to happen sooner rather than later on a two year timeline. The current price movement suggests room to run back to previous highs and eventually make new highs. Momentum and volume confirm entering a long position at the current price.
AMEX:MJLong
by Profit_Center
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