Marijuana Stocks: June and July
Unless you have been living under a rock when it comes to trading marijuana stocks you would know that Canada is set to legalize the recreational use of Marijuana Stocks this month.
This has caused a buying frenzy among stock traders. If you look at the charts however most marijuana stocks have been trending down since April. The key with micro-cap stocks is to be one step ahead of the game. New investors are looking to buy CBD and weed stocks now because they are inexperienced and don’t know any better. The stock market is like a game of chess you always want to be a few steps ahead of the average trader.
Our Top stocks to watch for the month of June and July are:
OXYS is a thinly traded OTC stock with under 40 million shares outstanding according to OTC markets. It is also listed as only having a float of 8.7 million. This is a stock that we have been saying could very easily go to .25-$1 a share and it currently looks right on target to do that. Although this is not technically a marijuana stock, it is in the medical industry and they do have several patents according to their website oxysure.com. We have been following their Twitter account and it has just recently become active and they have mentioned several new hires. You can find their twitter account at https://twitter.com/Oxysure. If you look at the OXYS chart at stockcharts.com it clearly looks like it is ready for its next leg up and ready to go to a new 52 week high above .25 in our opinion. We have been tracking the short positions at https://otcshortreport.com/company/OXYS and there look to be millions of shares Market Makers will have to buy back in order to cover their shorts. This could set up a massive short squeeze and send the stock rocketing. We have seen stocks like this breakout to $2-$5 a share when those massive short squeeze happen. We aren’t getting too greedy though we will be happy with the .25-$1 rage.
MJNE- MJ Holdings
MJNE is a marijuana company that is has a very small float as well of 4.1 million shares. The company has several cultivation operations according to their website http://www.mjholdingsinc.com/ including a 35+ acre cultivation with a two hundred thousand square foot greenhouse. They have a Nevada issued Cannabis production license and are working on expanding to several other states. The chart is looking like it is ready again for another bounce so we are watching this for a nice swing trade. This is a marijuana stock that is flying under the radar and that is how we like them!
Please make sure you read our full disclosure on OXYS and MJNE here https://awesomepennystocks.com/oxys-disclaimer/
This page is just for entertainment purposes only. Penny Stocks are risky make your own buying and selling decisions.
Marijuana Penny Stocks to buy in June 2018
Ticker Symbol: OXYS– Oxysure Therapeutics Inc.
This is a stock looks like it is starting to get volume. We have started buying shares and plan on getting over 1 million shares. This stock only has around 37 million outstanding shares according to OTCmarkets.com. This company currently has FDA approval on a life saving medical devices which they list on their website at http://www.oxysure.com. Medical Devices are a 185 billion dollar industry. Hypothetically speaking if OXYS were to land a few medical contracts that pushed their market cap up to 100 million that would push their share price up to $3 a share! That would be pretty amazing for a company that is currently trading for under .10 a share! Some believe OXYS will see .25 a share within the next two months.
As you can see by looking at the chart above OXYS bounced from .04 to .149 the last time the MACD touched. If it were to follow the same pattern this time that would put it above .25 a share!
Ticker Symbol: MJNE – MJ Holding, Inc.
According to OTCMarkets.com this marijuana stock has a float of only 668,398 shares which is almost unheard of for a marijuana stock. Looking through some of the SEC filings the company has had some huge revenue years as well. 61.4 million of the 62.6 million O/S is restricted which is usually a really good sign. We are very bullish on this stock right now we own thousands of shares and plan on buying more. They also just launched a new website www.mjholdingsinc.com which looks really good. We also noticed that one of the people that found POTN under .04 before it ran to .95 just mentioned it on Twitter as an under the radar stock with huge potential. Right now MJNE has very little volume if the volume picks up this stock could move up very fast. We try to put marijuana stocks on our watchlist that are under the radar and have not had huge runs yet. This is a high risk and high potential reward stock. Make sure you do your own research.
Ticker Symbol: GWPH – GW Pharmaceuticals
GWPH is working on several different Cannabinoid Medicines. There is a gap in the chart at a share price of $126. We are watching to see if it can have a small bounce at that price for a quick flip.
Ticker Symbol: ZYNE – Zynerba Pharmaceuticals Inc.
ZYNE is currently trading at around $10 a share. It looks like it has broken through its downtrends and could be starting a reversal. ZYNE is focusing on synthetic cannabinoid treatments which can be absorbed through the skin.
Disclaimer: The Author of this article holds positions in OXYS and MJNE that they bought on the open. This is not to be taken as financial advice. Penny Stocks are risky. Everything here is for entertainment purposes only. The Author of this article trades stocks meaning buy low and sell high for profit. Some of the trades last several months and some are shorter term swing trades. Please read full disclaimer at awesomepennystocks.com/disclaimer