Tuesday's Livestock reviewed quite a few Marijuana stocks, as many are currently or recently testing relevant levels or forming influential patterns.* We then reviewed the so-called January Effect stocks, which haven't had a chance to perform since the year-end rally has sucked the oxygen out of the room. Don't wait until the last-minute to request a chart analysis of any stock you're considering for sale to lock-in profit or loss for tax purposes.
*Marijuana stocks reviewed in this order:
STEV - Closing Wednesday above Tuesday's high would mark a bottom.
TAUG - Recent surge is Double-Topping, can't afford to hesitate extending.
TRTC - Vulnerable to another 20% (i.e. nickel) dump.
VAPE - Reviewed the definition of downtrend.
CARA - Perpetually on the verge of a breakout.
NLNK (I know, not a MJ stock) - Massive ascending triangle still forming.
MDBX - Nothing bullish about retracing almost to the low.
ERBB - Still forming a massive triple bottom.
DEWM - Fresh low prevents bottom-fishing.
ATTBF - Can't afford to hesitate rallying.
GBLX - Not distributive, but can only buy strength, not weakness.
FITX - Continuation triangles stopping optimistically preventing a bottom.
MCIG - Yesterday's surge hit and held resistance.
INSY - Still large potential for bullish resolution.
GWPH - 61.8% retracements continue to reflect distribution.