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On January 1, 2018, recreational marijuana became legal in California.
As a result, related stocks, like Canopy Growth (TMWJF) exploded from a low of $16 to $34.
Sure, Attorney General Jeff Sessions did fight back against its legalization, but it’s not stopping the run in these stocks. And whether he likes it or not, legalization is growing like a weed.
One coin to be very aware of is Verge (XVG), which traded at $0.0954. While that may not sound like much, once you consider it traded at $0.002 in July 2017.
What’s interesting about Verge is that it operates in an untraceable environment that allows users to make anonymous transactions. Behind the scenes, the coin uses an extremely advanced version of block chain technology, such as Tor and I2P, which hide the personal data of the coin owners or those that do transactions.
There was a considerable amount of talk about infrastructure at the end of 2017.
At the time, an Amtrak train derailed in Washington State before derailing on a bridge over Interstate 5, sending trains onto the highway.
Three people died. Another 100 were injured.
Shortly thereafter, Donald Trump tweeted:
Never ignore the downtrodden, we noted in late March 2017.
At the time, we were talking about solar stocks, many of which had been left for dead, ignored at historic lows. Many became ridiculously oversold on a perfect storm of lower gas prices, concerns the government would phase out subsidies, as well as crushing amounts of debt.
While the fundamentals told a story of despair, technical analysis painted a completely different story, highlighting just how oversold related stocks became.
On March 28, 2017, we brought your attention to oversold shares of Canadian Solar (CSIQ). On that day, not only was it stuck at its lower Bollinger Band, relative strength (RSI) was at its 30-line. Williams’ %R was under its 80-line. Not long after Money Flow (MFI) fell under its 20-line.
Picture a bungee jumper diving off a bridge. He drops into a free-fall completely trusting the cord attached to him. As he reaches the bottom of his descent, the cord starts to stretch, until the elasticity reaches its peak. Then in an instant. he get's propelled back up ward with high velocity.
Can This Simple Law of Physics Help You Uncover Huge Moves in Stocks?