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Jan 14, 2022 (Marijuana Stocks via COMTEX) —
Best Cannabis Stocks For Short Term Traders
Are you looking for top marijuana stocks in January 2022? For most of last year the best cannabis stocks to buy experienced significant declines in the market. This is because of the delays with Congress passing cannabis reform in 2021. Now because it seems pot stocks are pricing in the possibility of not establishing US federal cannabis legalization this year, we could see them begin trading on other market catalysts.
Although top cannabis stocks declined significantly in 2021 leading cannabis companies delivered strong revenue growth for the year. In addition, many expanded rapidly across the US using mergers and acquisitions to grow their footprints. At the present time, many active traders are taking advantage of the increased market volatility by trading marijuana penny stocks. For those investors not familiar with penny stocks these are any stocks that trade under the $5 stock price.
In general cannabis penny stocks are known for having significant price swings that active traders use to produce short-term gains by day trading and swing trading. Learning how to find the best trade setups and use trading patterns to establish good entry and exit levels can help you become a better trader. Because of the volatility in marijuana penny stocks making a good…
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The MarketWatch News Department was not involved in the creation of this content.
Jan 14, 2022 (Marijuana Stocks via COMTEX) —
Best Cannabis Stocks For Short Term Traders
Are you looking for top marijuana stocks in January 2022? For most of last year the best cannabis stocks to buy experienced significant declines in the market. This is because of the delays with Congress passing cannabis reform in 2021. Now because it seems pot stocks are pricing in the possibility of not establishing US federal cannabis legalization this year, we could see them begin trading on other market catalysts.
Although top cannabis stocks declined significantly in 2021 leading cannabis companies delivered strong revenue growth for the year. In addition, many expanded rapidly across the US using mergers and acquisitions to grow their footprints. At the present time, many active traders are taking advantage of the increased market volatility by trading marijuana penny stocks. For those investors not familiar with penny stocks these are any stocks that trade under the $5 stock price.
In general cannabis penny stocks are known for having significant price swings that active traders use to produce short-term gains by day trading and swing trading. Learning how to find the best trade setups and use trading patterns to establish good entry and exit levels can help you become a better trader. Because of the volatility in marijuana penny stocks making a good…
