Canadian CANNAINVESTOR Magazine November 2017 - Page 263

By Dylan Rogers

Horizon’s Medical Marijuana ETF (TSX:HMMJ)

Horizon’s Medical Marijuana ETF is starting to come off of it’s bottom and for people interested in pot stocks I hope everyone took notice. Investors and traders alike are looking for the various reasons that may have caused them to bottom but I prefer to just let the charts do the talking, as most of the “reasons” is likely no more than “noise”. Here is the chart that I posted last month for our CannaInvestor readors:


Technical Analysis of the Canadian Cannabis Market


Welcome back and thanks for tuning in to see what is budding within the technical analysis of marijuana stocks. Sorry to use the word “budding” here. I am sure you’ve seen this used before a thousand times already. Yes, you will be seeing it again, and again, and again... This time for good reason though. I want your investing skills to bud so you can collect the great harvest awaiting the future you.

OK, I want to attack a dilemma that most of come across when digging into the fundamentals of our various investment choices. And as we all know the number of choices are increasing exponentially within this industry. It is easy to start looking into any given company and getting caught up in their story and thinking to yourself, OK, this is the one. But is it? I don’t know. Don’t ask me. I am not writing to you today to tell you if the one(s) in your head are the right one(s) or not. I am here to let you know there is another way to look at your marijuana stocks. As a trusted and well respected technical analyst Dwight Galusha always says: "The story only matters until it matters." In other words, cool story bro, now let me see the chart. Without further ado, let’s recap, learn, and dive into some charting and technical analysis.