Newstrike Brands Ltd NWKRF

RE:RE:HIP

[ImJustSaying]

I'm speculating on Hydropothecary buying Hip because on Hips website in the shopping section Hip is selling soap called "Upothecary" >> https://shop.up.ca In addition to this, Hydropothecary has expressed strong interest in acquiring other producers >> https://business.financialpost.com/cannabis/quebecs-top-weed-supplier-hydropothecary-is-on-the-hunt-for-acquisitions Hip produces most product at low cost in greenhouses same as Hydropothecary. Hip has a sizable cash position that would benefit Hydropothecary. Geographically HEXO would gain footprint in Ontario. Hip also has distribution deals like HEXO is looking for. Aside from this, whether HEXO buys HIP or not, HIP has over 35 million shares short as of June 15 according to tmx money >> https://www.tmxmoney.com/en/research/short_positions.html This is a sizable short position, with only 3 million average volume per day, it would take 10 days to cover. The stock is oversold on all time frames, the stock hit a lower low but the RSI didn't (this often signals a reversal), there has been 3 gaps down over the past month, bear volume is declining, it's a bullish reversal candlestick today. The stock is already trading at the lower Bollinger band on the weekly and the daily, and has the lower weekly Bollinger band and middle Bollinger band on the monthly as support. Also, hips chart is eerily similar to XLY chart, which experienced a huge 40% rebound lately now pulled back potentially forming a higher low And HIP is now one of the top trending stocks on TMX money Looks good overall