OTCQB:EMHTF - Post by User
Post by
MustangMatton Jun 28, 2017 1:09pm
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Post# 26414619
Something is going to break soon
Something is going to break soonEither up or down.
I'm not sure how much you want to put into technicals on these small cap stocks, however, that 50 and 200 day is converging real close. The bollinger bands have been tight for a while. The MACD is still positive but is at a possible inflextion point. The stock has stabilized for the last 2 and a half months after the last run up. I don't like that the stock has fallen under the 200 day all be it a small infraction thus far.
You would think it should break up after the news this month, the two bought deals done this year at $1.35 and $1.85. The fact that next week will be less than one year to legialization, possible health Canada approval for the new production, the forcasted 300,000 kg shortage of MJ by mid 2018. etc etc.
I would feel a great deal better about this stock if it would break out to the $1.50's soon, cheers Matthew