Marijuana Sector Breaking Out
2018 was a very volatile year for Marijuana stocks with multiple dips and rips. Investors looking to gain exposure to the Marijuana sector while avoiding single company risk can choose to invest in the ETFMG Alternative Harvest ETF (MJ)
Top holdings of the Marijuana fund include Cronos (CRON), Canopy Growth Corp (CGC), Tilray (TLRY) and Aurora Cannabis (ACB).
The Marijuana index ETF recently broke out of a bullish falling wedge when benchmarked against the Nasdaq 100, and we also see a breakout on MJ’s nominal chart from another bullish falling wedge pattern. 2019 may be the year for renewed expansion in the Marijuana sector. -Harry
Harry: So you’re high on Pot ?
I trade HMMJ.To
its a good proxy too. Have a look
Yes! Thanks Fully! Looks like there is a simultaneous breakout on HMMJ.To:$NDX as well! Very very similar movement to the MJ ETF!