How Long Will It Take For These Marijuana Stocks To Bounce?
As the market looks to recover from recent lows many marijuana stocks are showing good entry points. What this means is marijuana stocks are trading at lower prices which provides the chance for investors to build a portfolio of cannabis stock. First, like any investment, you must always weigh the risk verse reward. As well you want to conduct enough due diligence about a particular marijuana stock that you get a better understanding of what you’re investing in.
Due to how volatile cannabis stocks can be a bulk of the options have more of a short-term investment strategy. That’s not to say some marijuana stocks to buy are not a good long-term choice. Yet with the promise of ending cannabis prohibition in the United States, some investors feel this will cause marijuana stocks to either rally to new levels or drop as the U.S. cannabis industry becomes more regulated. Currently, in March the marijuana stocks have been trying to bounce from this recent market downtrend.
Because of this it has caused a bit of increase in speculative trading with the hopes things soon recover. In addition to speculative trading, the amount of volatility that has entered the market has also caused a shift in trading momentum. With a swing trading strategy dealing with market, volatility can be an easier method of exiting a position and still making a return.
When it comes to trading pot stocks or any stock for that matter every trader is different with their approach. However, even with different trading styles, the outcome is the same and that is to make money from the investment. With 2021 starting with a solid uptick hopefully, the market can soon recover. If so marijuana stocks can once again continue their upward trading for the rest of the year.
Cannabis Stocks To Watch This Month
TILT Holdings Inc.
TILT Holdings Inc. is one marijuana stocks that have had to fight through a great deal of volatility to see gains. Trading for the company back in April 2020 was the start to recovering from when the market crashed during that time. Since then TLLTF stock has been moving up in the market but due to a few factors volatility being one of them the company has had drops in trading. From this point trading for TLLTF stock started to pick up as the company was able to rally up until the end of June.
At the end of June is when the company started to dip which affected how TLLTF stock performed for the month of July. The first half of August trading picked up for the company. However, from the end of August up until January, the company was trending down with small spikes in trading along the way. When the start of 2021 came TLLTF stock started to climb back up in the market.
In the first 2 weeks of 2021 TLLTF stock went from $0.30 a share on the 4th of January to $0.37 a share. This made for a 23 percent increase in trading. Pushing forward the company was able to keep trading up until the 20th from this point TLLTF stock started to drop once again. Moving into the following month the company began to bounce at the start of February. From the 1st to the 10th trading for the TLLTF started to rally once again.
Final Thoughts On TLLTF Stock
In that time TLLTF stock reached gains of 49 percent. The rest of the month the company dropped once more. Since the start of March, the company had a small boost in trading but has recently dipped once more. Yet with its past trading pattern, its possible TLLTF stock may rise in the near future. So now maybe a time for TILT Holdings to be looked at as a possible marijuana stock to buy in 2021.
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Aphria Inc. back at the end of October began to rise in the market. Recently the company has been catching a lot of attention after its partnership with Tirlay Inc. Both companies have come together to form the biggest marijuana company in the cannabis industry. This business move has set the stage for others to do the same. Especially with better cannabis legislation on the horizon.
Trading in November started well for APHA stock overall for the month the company saw gains of 66 percent. Heading into December APHA stock began to lose its momentum and started to trade down. When 2021 got started APHA stock was able, to begin with, an uptick. This increase in trading helped the company recover from December lows. During the first week of trading, APHA stock was able to reach gains of 17 percent.
Moving on from the 8th to the 19th of January the company was able to sustain its upward push. This uptick made for a 58 percent increase in trading. The rest of January APHA stock traded a bit sideways before rising once again in February. In the following month, APHA stock began to rally once more. Although dropping at the end of February overall trading for the month APHA saw an increase of 42 percent. Currently in March APHA stock has started to recover from recent lows.
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