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Technical Analysis

Cannabis Stocks Back in Stage 2. Big Industry Group Theme for 2021

At the start of each year I like to look at where the initial money is flowing once the institutional traders return from their end of year breaks, and this year I can see a strong group theme developing in the Cannabis stocks once more, with multiple early Stage 2A breakouts and continuation breakouts on strong volume recently from big Stage 1 bases, and multiple other stocks in the group setting up in the later part of Stage 1.
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US Stocks Watchlist - 30 December 2020

A big list for the watchlist tonight - AA, ACMR, AMAT, AMBA, AMD, ATI, AUY, AVID, AXTI, BCO, BERY, BTBT, CDE, CDMO, DT, EGO, EXK, FUTU, FUV, HIMX, HL, JWN, KSS, LAZR, LPG, MAXR, MIK, PAAS, RIDE, RL, RYAM, SQ, V, VLDR, WBAI
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