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Cannabis stocks are still down, but now at the end of the 2022 year, we see the cannabis sector approaching an interesting and strong support zone for wave C of an A-B-C correction from the highs. One of them is Cronos (CRON) in which we see it nearing the former wave 1 swing high and A=C support that can stop here around 2 area. By legalizing cannabis worldwide, most recently in Thailand, cannabis stocks could be very attractive in the future. Recovery may start in 2023.
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