RE:RE:Looking at the chart on the monthly Time frameNot sure you read my post. Let me clarify: Given the fact that Weed is trading at the 52 week low, Weed could be at the bottom,
1. stock will trade in a range or sideways
2. If there's a pullback on the SP500, Weed will fall below the bottom or $18.
3. If earnings in November disappoint, Weed will likely fall below the bottom...---$18 and lower.
There is no reason at this time to see a reversal and bullish trend to...$25...or whatever.
4. Investor sentiment is "bearish" on all pot stocks at this time, especially for Weed---losing $3.39 per share ( EPS)
In my view, this is a short-term bottom. Any bad news, as mentioned above, Weed will fall below the 52 week low
of $18.44..
Hope I clarified for you.