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Marijuana Stocks Get Strong Buy Alert

Marijuana stocks like Tilray (TLRY), Aurora Cannabis (ACB) and Canopy Growth (CGC) got a strong buy technical alert today after they flushed early and recovered to turn green. This turnaround is occurring while the S&P 500 is down 2% on the day. This speaks to major accumulation. The technical daily charts of all these stocks have bullish bottoming tails. This can be seen on the Marijuana ETF (MJ) in the chart below.

 

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