Marijuana/Hemp/Pot Stocks ~ Charlotte’s Web Holdings: NASDAQOTH:CWBHF Analysis and Signal

Many of you have asked me about Marijuana/Hemp/Pot Stocks and my thought on their future. There are many things to consider when it comes to these types of stocks, but my ultimate outlook on their future is that they will have a large percentage in increased worth over the next 10 years.

If you are looking to add some additional stocks to your trading portfolio, choosing a percentage to contribute to these stocks for a long term investment may really pay off.

Here are my thoughts:

Much of the focus in 2018 was toward Canada, due to the legalization of recreational marijuana. However, many states in the United States have also followed this trend and there are many more focused on the legalization in the near future

The legalization of hemp (cannabis that contains low levels of the psychoactive compound THC) could open the way for a much larger hemp-based cannabidiol (otherwise known as CBD) market in the U.S.

There’s even a possibility of a revisal to federal laws recognizing the authority of the individual states to enforce their own marijuana laws.

With that said…I would like to share with you some of the top U.S. and Canadian stocks I will add to my portfolio in 2019.

Top U.S. Pot Stocks: Stock #1 – Charlotte’s Web Holdings

Charlotte’s Web Holdings is technically a hemp stock rather than a marijuana or pot stock. The 2 go hand-in-hand in this evolution in my mind.

This company already ranks #1 in the U.S. market share for hemp-based CBD wellness products. Their products are now sold in over 3,000 retail locations. Plus, direct sales of products on their website.

Charlotte’s Web Holdings posted sales of $48 million in the first three quarters of 2018, up 75% year over year.

A reported profit of $8.7 million during this period, a 71% increase over the first three quarters of 2017. 

Charlotte’s Web Holding’s products could increase even further with the legalization of hemp in the U.S.

The company also plans to expand its line to include beverages, animal nutrition, and other wellness-related products.

marijuana hemp pot stocks NASDAQOTH:CWBHF Charlotte's Web Holdings

CWBHF is currently around $14-$15/stock. The range has fluctuated and had a cross to the upside of the SMAs 10 and 50 hovering around 12.00. Slightly before the SMA cross, there was a cross to the upside of the MACD (9,12,26) at 10.00.

Who knows where price will go at this point, $14-15 per stock is chump change when we look at the possibilities of growth, but when simply looking at basic technical analysis, my magic number is 12.00.

What does this mean?

If you are new to trading stocks, this simply means I am going to watch for a pullback (I have an alert setup on my TD Ameritrade account) when price comes back to the 12.00 level, I plan on picking up a good chunk of these stocks.

What if price doesn’t come back to 12.00?

Well…then I’m out of luck! But my experience has been that when trading any asset, have rules to follow, create a plan for yourself and follow your plan to a T.

There’s my plan and thoughts...check back for more of my top pot stocks for U.S. and Canada in the upcoming weeks!

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