Marijuana Stocks Technical Analysis Chart 1/27/2020 by

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  1. *When a price like CGC closes at the lows of the day, I don't like to say for sure that "Bulls are in control." I think right now uncertainty is in control. Especially with how much CGC paralleled SPY. There was low volume today too. After the last two trading days, yes it's a bearish last two days, but the weekly is still ok. I do agree that the MJ sector needs some fundamental news that will help weather this storm. The uncertainty is this virus and how it has halted what has been quite a run.

    *I'm still only a year into this so it's rookie observation.

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