4/20 celebrations come during a seasonally bearish time for cannabis-related stocks.
Bulls can still find bullish setups and over-sold bounces, however, and long-term investors can find good entries at the bottom of trends.
While spring and summer usually cause a low-volume lull in cannabis stocks, the possibility of cannabis-friendly policy moves in the U.S., such as the passage of the SAFE Banking Act through the Senate, could change the trend this year.
The Canopy Chart: Canopy Growth has been trading in the gap it left behind on Jan. 6 for the past six trading days. Canopy Growth’s stock has been trading in a textbook-perfect downtrend since March 16, making lower highs and lower lows on …