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These Charts Reveal the "Perfect Price" for These Big Pot Stocks

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Technical analysis is the study of human psychology, which is represented in the form of price action on a chart. You analyze the stock itself.

Technical analysts look for repeatable patterns and indications that can predict future price movements. Since human psychology and emotions will always be a factor in stock markets, the study of historical price movements of a stock relays the fear and greed associated with that stock.

Let’s look at two technical tools that I use often – which is to say, every day the markets are open.

The first shows the movement of price in a group of stocks relative to each other. The second is a broadly watched tool that shows us both the long-term trend of a stock and important areas of support and resistance.

These two tools working together are going to reveal exactly when we should be moving on these stars of the $20 billion North American cannabis sector…

Tags: Stocks

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The post These Charts Reveal the “Perfect Price” for These Big Pot Stocks appeared first on Money Morning – We Make Investing Profitable.



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