We have a falling knifeOgi broke a major support ($1.81) and has dropped
to $1.78,
which means we are still seeing lower high and lower low
on the daily candlestick.
We have anothet support at $1.66
and the all-time low of $1.54.
The knife continues to fall.
Where is the bottom?
Perhaps $1.66 or $1.54 or lower...
Now is not the time to buy...
Wait until the bottom is in.
You saw how OGI traded in a narrow range for several hours.,..
You will know the bottom is in when the stock trades in a range for several days or weeks....
Bad news, such as another public offering of shares will tank the stock lower...
Risky bet...People going long should have a stop loss----as the stock can always drop lower!!!