WEED LONG TERM OUTLOOK
Long term trends in the cannabis industry continue to remain bullish. Price action is maintaining its constructive formations to continue to move up. Global money is showing that its flowing into the blossoming industry as it remains hot on people’s minds and portfolios. New positions can be built and legged into as the price targets are above current levels right now.
DARWIN BEARISH WEED PICK IS TRPX
Short term momentum right now is negative. Internal intraday metrics to weekly measures are showing that TRPX is weak and sellers continue to maintain the stronghold. Long term investors to medium term trend traders should be out, however short term weekly swing trades to high quality intraday pattern traders should be looking for contrarian trade entries with tight stops.
Paul "Bulldog" Hudson, Chief Investment Officer
Darwin Investing Network