Fundamentals (real high level):
· Corona brew owner Constellation purchased 9.9% stake in TWMJF; was a nice catalyst for many public companies.
· Steady discontent from and even prosecution of cannabis activists, mostly aligned with now-illegal local dispensaries. Underground boycott talk of LPs.
· Articles on both sides…but at least three notable hit pieces this weekend. Genuine warnings with no motive?…not likely.
· 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.