Marijuana Stocks and Natural Gas
January 24, 2024
The MJ etf continues to hold strong, will look to start a position at some point into a small selloff, preferably with oversold stochastics or other technicals on a short term chart. Natural gas has not yet triggered a buy signal for us, but looks as though its trying to establish a bottom. It could be worth a shot right here, but to get larger positions, I would want to see an uptrend get started. The violent spike the selloff might be the start of a trend change, more so with that lower low that looks to have reversed itself, if it can stay in this area or higher by Friday’s close.