Canada PotStock Market Watch
 
 

20Nov17

Fundamentals (real high level):

· Corona brew owner Constellation purchased 9.9% stake in TWMJF; was a nice catalyst for many public companies. 1 of Many Articles www.cnbc.com

· Steady discontent from and even prosecution of cannabis activists, mostly aligned with now-illegal local dispensaries. Underground boycott talk of LPs. Ex Cop Article www.reuters.com

· Articles on both sides…but at least three notable hit pieces this weekend. Genuine warnings with no motive?…not likely. Article 1 www.thestar.com Article 2 www.bnn.ca

Technical Observations:

 · Select Weekly and Daily Chart observation in following posts.

· Tough area to enter long with any confidence of upside. It is not like the party is just starting. 

· Daily Charts are rough and at critical spots, but not enough evidence in the Weekly Charts to indicate trend reversal by any means either.