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.