Curaleaf closed at $2.37 after losing 6.69% Friday

A quick look at Friday: in Friday's bearish session, the leading medical and recreational marijuana dispensary shed around 6.69% in quick fashion, found support around the $2.23 level and finally closed at $2.37. In contrast, the day's events followed Thursday's session in which the stock closed at $2.54.

Support/Resistance levels obtained from chart analysis indicate that although Curaleaf Holdings, Inc. is pointing down today (was as low as $2.23), it's climbing away from the $2.23 support line and is now 14 cents above it. Momentum evaluation shows that the Relative Strength Index indicates Curaleaf is in an oversold condition, which could precipitate a reversal and set up a new bullish phase.

Curaleaf was not the only decliner in the health care sector; UnitedHealth went down to $511.79, losing 2.74% after it closed at $526.23 Friday. Astrazeneca PLC went down 1.22%, closed at $74.77. Medtronic closed at $80.71 (down 1.08%).

Pointing downwards for around 3 months. The US-based cannabis dispensary is now trading 7.17% above the significant low ($2.37) it slumped to 2 days ago.