GREY:IVITF - Post by User
Comment by
thebiglebowskion Apr 05, 2018 12:41pm
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RE:HUGE bounceback coming today in the whole cannabis sector
RE:HUGE bounceback coming today in the whole cannabis sectorThe drop down to the $1.70 level also served to correct a slight overbought condition on the charts. The 200dma is creeping up so downside risk seems to be very minimal at this point . The release of news regarding grow licence should take us back above the $2.20 level for good and bring up very solid support above $2.00. But the backing and filling isn't a bad thing as I said . It is putting the chart pattern in a much more favourable position for the next surge higher.