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pharmacological you balance your mother
welcome to looking at the markets with
David Moadel one of my favorite
strategies when it comes to buying
marijuana stocks is to buy breakouts
when a marijuana stock is in a tight
range meaning it doesn't go up a lot or
down a lot it just kind of goes sideways
for a while and then it has a sharp
break up word out of that tight range
than that for me I i like that i like to
buy as long as I believe in the company
I've done my research on the
fundamentals of the company and then I
look at the chart and there's a nice
breakout from a tight range there that's
something that I like to look into as a
possible by signal for me and let me
give you some examples this is HEA MP
and you've got a tight range here really
sideways action not going up a lot of
down a lot for quite awhile there a day
after day week after week and this is
the daily chart by the way each
candlestick represents one day of price
action so just day after day just kind
of going nowhere going sideways tight
range and what that tells me is that the
market has not decided right now which
way it wants to go with the stock and
then suddenly it breaks out it makes a
decision now if it if it breaks to the
downside then the market is deciding
that right now it does not like this
stock or this company and that's
something that I do not buy I stay away
from that but if it has a tight range
for a while and then breaks upward
that's something that i oftentimes like
to buy and if if you had bought right
here right after the the sharp break
upward and held on you would have done
quite well you would have profited quite
nicely
here's MCO a that's a long
long period of tight range sideways
action just day after day week after
week and then a sharp break upward if
you have bought here and held on you
would have done very very well
here's my h I
long period of sideways action just kind
of going nowhere
the market is not decided whether it
likes this stock or not whether likes
the company or not right now and then
sharp break upward and if you had bought
anywhere within here and just held on
you would have done very well L xrp
tight range stocks just kind of going
nowhere for a while and then sharp break
upward and then if you had bought here
and then held on you would have done
quite well so those are just some
examples and that's a strategy the
breakout strategy that I use in my
newsletter right now it's mid-february
and I'm i'm putting out dave's pot stock
picks a weekly stock picks marijuana
stock picks newsletter and i'm sending
out sending it out by email and
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thank you for watching
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