Charts sayToday I was watching the Candlestick Charts at 2 minute intervals. The wall was at 0.62 with the sellers holding out. Until around 11:30am when it became evident that the buyers were gaining momentum and the sellers kept lowering their Ask. Even got a few few Red Candles with Green Volume. (12:40pm was onw of them with the biggest price drop)
What I am trying to say is..... there was an obvious profit taking today, or novice investors that got in suddenly had cold feet.
I am long on this, and I have my own sell target, but it certainly isn't going to be before the followup news pertaining to the result of the second crop, that leads to the inspection of the facility, that leads to a Sales License.
I don't expect news of a SL this week, like some are saying. I do tho anticipate the results of the second crop hopefully soon.