As for the Cannabis industry in general, sure, there was positive noise coming out of the Feds about rescheduling, last December. Sure, the sector is a tinder box for actual positive news (as opposed to the noise last December), should it come along. But I am interested in – and indeed added – this MSO (multi-state operator) for the chart. Period.
There are others in similar setups. I just selected GTBIF for its combo of prospective chart and better operational performance. The other implied note here is that this addition suits my diversified orientation of late.
You can see the stock price currently nesting atop clear support and the 50 day moving average. That is what I want it to keep doing in order to firmly hold it. Below that level would be a caution that the trade may be failing.
NFTRH+ trade setup ideas are presented for consideration and further research only, not as recommendations. I may or may not personally take positions in all or even most NFTRH+ ideas, as it would depend on my portfolio composition at any given time. “Stop loss” and target levels are usually noted and should be respected.
