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MJ - Cannabis ETF MJ Basing And Volatility Patterns
ETFMG Alternative Harvest
Recently, the Cannabis sector has shown signs of increased volume, volatility, and a reasonably strong potential for a price base.
Volume started increasing near mid-September as the price of ETFMG Alternative Harvest ETF (MJ) fell below $15.
My belief is MJ will start at Apex near the end of January 2022. Meaning we should expect bigger price volatility and the potential for a “blow-off” price rotation sometime after January 15, 2022.