Follow-Up on Marijuana
$MJ
Original post -
MJ 0.00%↑ has been grinding higher since this news.
The fundamentals of this space still perplex me, but it’s poised to close the week above its 200 day for the first time since last September. That move was short lived. The shaded green area shows sizable buyer support in this price range. It’s a cheap, low risk play on the space though, with logical stop out points below if this proves to be another head fake.