Radient Technologies Inc V.RTI.H

Alternate Symbol(s): RDDTF

Radient Technologies Inc. is a science-based company. The Company is a commercial manufacturer of cannabinoid-based formulations, ingredients, and products. The principal activities of the Company and its subsidiaries are engaged in research, development, and commercialization of an efficient and environmentally responsible technology for the extraction, isolation, and purification of soluble products from a range of materials using microwave technology and a customized hydrocarbon extraction platform. The Company is focused on the formulation, manufacturing and launching of value-added cannabis products. It utilizes a proprietary extraction and downstream processing platform that recovers up to 99% of cannabinoids from the cannabis plant. It develops specialty products and ingredients that contain a range of cannabinoid and terpene profiles.

TSXV:RTI.H - Post by User

Radient Technologies Inc

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Comment by pantherfaceon May 16, 2017 6:51pm

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Post# 26252305

RE:Close at near the top of the day with average volume

Ducksoup000001 wrote: So yesterday is not a One-Day-Wonder and we have a follow up. It is encouraging (even though the volume is not that heart-throbbing) and it stays above the 50 DMA for the first time in 2 months. Don't get me wrong, it is by no means a negative sign. It tells me there are still potential buyers on the sideline. On this note we know the share price will not go parabolic to unrealistic level any time soon, so the trend has leg.

And it has different meaning to :

1. Those average down from $0.80 to $0.47 - it has been a long wait (more 2 months). This two days is the beginning of a long and winding recovery. The stock is normalizing from the rock bottom and give a hope for their investment to stay afloat. Until the sp goes much higher they will not sell.

2. Those bottom-fishing below $0.50 faces the dilemma of selling to the rally or wait for the PR.

There is still room for the share price to move a bit higher. The present trade volume suggests it will whipsaw above and follow the 50 DMA until the Next PR. Remember take today's volume, the total capital involved in trading this stock is less than $1.2 million thus easily move the needle either way on a daily basis.

Posters interested in discussing TA you may pm me.