A correction before further high for high tide
After 30-50% rise in a 5 days. HalleluYah! It looks a little overbought. Am expecting it to correct slightly before heading upwards. Still holding within this time! Am bulllish in the long term: 1. Profitable company 2. Ecomm platform strategy for US and Canada 3. Pending Nasdaq listing 4. Possible Democrats decriminalization of weed. 5. Pharma companies have started investing or acquiring weed companies
Note
There is also a possibility of a downtrend H&S pattern forming. But let's wait and see.Note
Expecting it to go up to the trend line, after earnings.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.