#MJ: Pot stocks bottomed?

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ETFMG Alternative Harvest ETF (AMEX:MJ)

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AMEX:MJ ETFMG Alternative Harvest ETF

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There's a big weekly down trend that had ran its course in pot stocks, and the daily chart is reversing here, odds are we can squeeze 10-11 times the risk if we go long here with a stop around 16.18, it is worth a shot with something between 0.25% and 2% risk in the trade. Up to you, how much you risk on it. I'm being conservative and sticking to a 0.25% max risk if the trade fails.

Cheers,

Ivan Labrie.

Dagangan ditutup: hentian tercapai:

This signal failed on Sep 8th

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