USMJ Tech Analysis Indicates VERY BULLISH; Watch For News Trigger
26 Julho 2018 - 10:00AM
InvestorsHub NewsWire
New
York, NY -- July 26, 2018 -- InvestorsHub NewsWire -- North
American Cannabis Holdings (USOTC:
USMJ) is rated BULLISH across the board (near term,
intermediate term, and long term) by StockTA based on candle stick
analysis. The immediate term analysis indicates VERY
BULLISH.
www.stockta.com/USMJ
Chart
analysis shows steady accumulation since mid-March after the PPS
came down from a $0.0009 on year high. The PPS has maintained
a higher low than following its previous high. The highest
volume trading day since the end of March was all buy volume at
over 600 million shares. Red days have been far and few
between. USMJ technical indicators look good to support a
news triggered rise back to the one year high and having maintained
a higher low than after the last climb, the next climb could see
USMJ break over $0.001. USMJ has indicating substantial news
coming before the end of the month. Keep an eye on this
one.
USMJ
was recently one of a handful of cannabis industry companies
featured in a news release about legal adult use cannabis
reaccelerating the overall cannabis market. Article excerpt
follows:
“Data
published by Ameri Research Inc., indicates that the global legal
cannabis market was valued at USD 14.3 Billion in 2016
and is expected to reach a value of USD 63.5 Billion by
2024, while maintaining a CAGR of 21.1% during the forecast period.
The cannabis market is experiencing a period of robust growth
thanks, in part, to wide spreading legalization and
decriminalization of cannabis products across North America.
The report explains that the legalization movements are
successfully changing policies in the U.S. and beyond. According to
Arcview Market Research, the growth of the legal cannabis industry
is expected to re-accelerate in 2018, as adult-use sales ramp up
in Canada, California, and Massachusetts, along with
first-time medical sales in Florida. Medical Cannabis Payment
Solutions (OTC:
REFG), Marijuana Company of America, Inc. (OTC:
MCOA), SinglePoint Inc (OTC:
SING), Rocky Mountain High Brands Inc. (OTC:
RMHB), Puration Inc. (OTC:
PURA)”
To see
the entire release click here.
Learn
more for yourself about USMJ on the company’s website: https://www.aciconglomerated.com/usmj
Disclaimer/Safe Harbor:
This
news release contains forward-looking statements within the meaning
of the Securities Litigation Reform Act. The statements reflect the
Company's current views with respect to future events that involve
risks and uncertainties. Among others, these risks include the
expectation that any of the companies mentioned herein will achieve
significant sales, the failure to meet schedule or performance
requirements of the companies' contracts, the companies' liquidity
position, the companies' ability to obtain new contracts, the
emergence of competitors with greater financial resources and the
impact of competitive pricing. In the light of these uncertainties,
the forward-looking events referred to in this release might not
occur.
Source:
www.nextbigticker.com
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