RE:Thoughts on next weekNo expert, but I love the resilience of this stock.Green in a sea of red. I dont see any reason to gap down outside of profit taking/consolidation (but im not a skilled chart reader). A little sideways doesnt hurt, but as CBD gets all the press lately, i dont see this one taking any huge dips. Some nice catalysts remain, with the Farm Bill and the Sates Act, a potential wave of legalization at the midterms, and an OTC listing.
Plus, to us longtime users, these guys are serious pioneers for legalization and have proven the efficacy of CBD as a health product long before rec was even a serious consideration. I think that gives them a little extra weight and respect throughout the industry and maybe a little soft spot among retail investors. Oh, and they make money, lots of money.
Not meaning to pump, but outside of a technical chart correction of some sort i dont understand yet, I dont see a reason for any contraction potential beyond normal stock volatility