HMMJ Pot stock ETF short term bounce... long term short.
HMMJ finally at last line of support. If it breaks down here then things look very dire for this etf.. my guess would be next support at 2 - 5 dollars. However.. if it bounces here which I think it will.. look for a retest of the lower bearish channel and create a running triangle which would likely break down. The only reason I could see this reversing is if USA federally legalizes pot. After the running triangle.. downside target still 2-5 dollars.
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