The marijuana sector is blowing off some smoke after the latest toke up party. The sector is news fueled and volatile but has many buyers on the sidelines so I expect dips to continue being bought. I am a buyer of support levels and a seller of major spikes when we're clearly over extended.
Supports: 1) 13.83 2) 12.00-12.15 3) 11.13
Sell targets: Over-extended rallies where daily RSI is 70+ and we're showing weakness on 1-4 hour timeframes.
Nota
uh...yeah...moon.
Nota
euphoric spike and quick flip down lets hope for a strong reversal and dip buying opportunity.
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