BREAKING – Friday evening after the market closed Bloomberg reported the U.S. government took a step toward legitimatizing the marijuana industry, allowing U.S. banks to offer accounts and other services to businesses in states where medical or recreational pot sales are legal. HUGE news for marijuana stocks which no doubt puts them in play this week.
In this sector, it’s no secret I’m a BIG fan of swing trading Growlife (PHOT).
The stock is +195% since I started writing about it and trading it. During that time I’ve made $22,000 swing trading it with real time alerts to my clients by SMS text, email and chat.
I still own shares and believe a breakout above $.40 is coming early this week after which there’s little to no resistance until $.50.
Lots of pot stocks to choose from. Here’s why I think PHOT is one of the top choices.
December 30, 2013
Only 1 Marijuana Stock Worth Holding
January 7, 2014
Growlife: Missed The Big Move? Catch The Second Big Move
January 14, 2014
PHOT Goes To $.50? Valuation Be Damned
February 11, 2014
Growlife: Why There’s No Stock Like It
Technically speaking, news came at a GREAT time for PHOT. The ascending triangle of higher lows with BREAKOUT at $.40 could trigger another HUGE move to $.50 this week as the sector rallies.
I’m long PHOT and looking for that breakout. If you want real time SMS text, email and chat swing trade alerts on this stock and many others, join my premium service Bond Swing Trades.
“Ok sold off my PHOT for a total gain of $12,515 today on PHOT. 3rd best day here so far in 2 years. TY JB and everyone. You called it JB.” ~ Shawn. G.
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