RE:Chartguys expect a gap up on Weed tomorrow
ChartGuys have 75K followers on YouTube which consists mostly of US traders. No wonder these stocks are so volatile! They contributed to the nice 10% gains seen today in weed fueled by the Pension Funds announcement they are entering this space.
They advised the group to switch from "boring" crypto to "Canadian MJ". So are are seeing not only serious investors like pension funds buying but also technical based traders all coming in.
This is a huge swarn of traders and money! Whether you are long or short, ignoring that swarm can be catastrophic to one's equity in these stock.
Right now, if you are short MJ, expect pure hell !
75K traders? Imagine just half those traders with just $5K of trading power on average, that's over $150M of trading power. They just happened to have focused on WEED and ACB today, the two clear market gainers in this space. Today.