This analysis was originally published on Cannabis Stock Trades on January 7, 2021.
2020 turned out to be an incredible year for cannabis stocks.
After falling sharply in 2019, the sector was hit hard again in the spring when COVID-19 ravaged global markets. Cannabis stocks and sentiment hit a multi-year low, and many cannabis investors threw in the towel.
It was a dark time for cannabis stocks. Take a look at the steep decline in 2019 and early 2020 in the chart below.
Wall Street has seen it a thousand times. This extreme pessimism usually sets the stage for an enormous rally. And that’s exactly what happened. Continue reading "3 Profit Triggers For Cannabis Stocks In 2021"