Major Blast Up for Marijuana Stocks on Horizon
While the marijuana sector is in high-growth mode, the same cannot be said for marijuana stocks, which have been under attack on the charts over the past three months.
Analyzing pot stocks is not based the fundamentals, as the majority of companies in the marijuana space are currently spending huge amounts of capital expenditures on building their infrastructure, which ultimately cuts into margins and adds to the losses.
The current selling pressure in marijuana stocks has been triggered by a move away from the risk on trade, as the macro environment grows riskier.
Simply put, traders are dumping high-risk pot stocks,.
Den vollständigen Artikel lesen ...
While the marijuana sector is in high-growth mode, the same cannot be said for marijuana stocks, which have been under attack on the charts over the past three months.
Analyzing pot stocks is not based the fundamentals, as the majority of companies in the marijuana space are currently spending huge amounts of capital expenditures on building their infrastructure, which ultimately cuts into margins and adds to the losses.
The current selling pressure in marijuana stocks has been triggered by a move away from the risk on trade, as the macro environment grows riskier.
Simply put, traders are dumping high-risk pot stocks,.
Den vollständigen Artikel lesen ...