Dan The Chart Man On Cannabis Stocks Up To Easter Weekend

We hope everyone had a happy Easter Sunday! In the Easter episode of the Trade To Black podcast, we took a close look at the cannabis stocks that were on everyone’s mind this past week as they headed into Easter weekend with “Dan, The Chart Man.” We look forward heading into Q2, 2024. The NASDAQ had the lowest amount of volatility it has seen in two years. Why? We will explore chart analysis with Dan from @ChartGuys. We will discuss the hottest cannabis stocks and those that you may want to avoid. We will also take a look at the recent Bitcoin activity.

Dan’s general thoughts on the price action that we’ve seen this past week: usually one goes to look at the indices, but with the NASDAQ being relatively ‘dead’ we have to go to the small markets to find the volatility because the ETFs aren’t giving it.

Canopy Growth Corporation had a quite a bit of volatility last week and is the first stock we’re looking at. It was down about 30% last week and had quite a swing by the later part. Find out what Dan has to say about day trading and holding on to Canopy Growth Corp.

Tilray Brands Inc is the second stock we’ll be looking at. The stock has been doing well, but if Canopy sees daily consolidation, Dan believes there’s a good chance that Tilray will as well. SNDL Inc also closed high on Thursday, showing some of the same peaks and valleys as Tilray.

Flipping over to the US side of the cannabis market, we will be looking at Ayr Wellness Inc, Verano Holdings Corp, Trulieve, and AdvisorShares Pure Cannabis ETF, among others. This next week will be key for the sector, Dan feels. Don’t miss out on the whole rundown.

Find out what Dan thinks are the break points on these cannabis stocks and whether their movement is healthy when you tune in to this Easter episode of Trade To Black!