Canadian CANNAINVESTOR Magazine October 2017 - Page 227

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 HMMJ.to chart that I posted last month for our CannaInvestor readors:

155

Technical Analysis of the Canadian Cannabis Market

227

Perhaps the thought of technical analysis makes you think of crazy witch doctors or playing roulette with stocks. Yet you are still intrigued and continue to be curious as you have seen technical analysis work. Examples would include some of the material we have covered in our prior month's coverage. Perhaps the best way for one to use technical analysis is by marrying it to your fundamental analysis. Warren Buffett once said “If a business does well, the stock eventually follows”. That’s great, but if we can filter through all the companies we deem good, we could then perhaps look at them from a technical perspective to determine which is best to add to your portfolio right now to reap the rewards, not eventually. I would now like to share with you a handful of different stocks with varying technical and charting techniques you can try to incorporate into your stock selection.

Enjoy!

&

ANALYSIS