New York, NY -- July 26, 2018 -- InvestorsHub NewsWire -- North American Cannabis Holdings (USOTC: USMJ) is rated BULLISH across the board (near term, intermediate term, and long term) by StockTA based on candle stick analysis. The immediate term analysis indicates VERY BULLISH.
Chart analysis shows steady accumulation since mid-March after the PPS came down from a $0.0009 on year high. The PPS has maintained a higher low than following its previous high. The highest volume trading day since the end of March was all buy volume at over 600 million shares. Red days have been far and few between. USMJ technical indicators look good to support a news triggered rise back to the one year high and having maintained a higher low than after the last climb, the next climb could see USMJ break over $0.001. USMJ has indicating substantial news coming before the end of the month. Keep an eye on this one.
USMJ was recently one of a handful of cannabis industry companies featured in a news release about legal adult use cannabis reaccelerating the overall cannabis market. Article excerpt follows:
“Data published by Ameri Research Inc., indicates that the global legal cannabis market was valued at USD 14.3 Billion in 2016 and is expected to reach a value of USD 63.5 Billion by 2024, while maintaining a CAGR of 21.1% during the forecast period. The cannabis market is experiencing a period of robust growth thanks, in part, to wide spreading legalization and decriminalization of cannabis products across North America. The report explains that the legalization movements are successfully changing policies in the U.S. and beyond. According to Arcview Market Research, the growth of the legal cannabis industry is expected to re-accelerate in 2018, as adult-use sales ramp up in Canada, California, and Massachusetts, along with first-time medical sales in Florida. Medical Cannabis Payment Solutions (OTC: REFG), Marijuana Company of America, Inc. (OTC: MCOA), SinglePoint Inc (OTC: SING), Rocky Mountain High Brands Inc. (OTC: RMHB), Puration Inc. (OTC: PURA)”
To see the entire release click here.
Learn more for yourself about USMJ on the company’s website: https://www.aciconglomerated.com/usmj
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.