Cannabis Infrastructure Leader Basing with Breakout Potential
Innovative Industrial (IIPR) forming a tight multi-week basing pattern as a top way to play the growing Cannabis industry and above $197.50 has a large volume pocket to work higher. The base favors a move higher with RSI trending higher since bottoming in mid-January. The base is also occurring at its 21-week moving average and retesting a former high volume flag zone.