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48North Cannabis Corp. NCNNF



GREY:NCNNF - Post by User

Comment by xelanitramon Jan 28, 2019 4:04pm
27 Views
Post# 29289909

RE:Correction

RE:CorrectionAgain with the need for handle on probability. Assuming that you're a pure technical trader (because you don't seem to do your own research), even technically I see <50% pdobability of pullback (i.e., gambling territory if you're waiting on that). technically-speaking, consider that this was a third bounce on a lower trend line since mid-oct., and also a positive break from the tip of a triangle formed with the trend line drawn accross peaks since ipo (and upper line that's been pertinent/respected before). if you like, you could discount ipo day and draw the upper trend line with less slope accross peaks. even then, though, if it were to follow that then the tip of the new triangle is at 0.61 - not much downside speaking pure technical. rsi is very healthy (no where near overbought) and today's uptick (and much more) is overdue relative to other cannabis sector stocks, even if you don't additionally consider the higher kg/ev relative to others. that's the most badic technicals, assuming that's what you're into - i don't know where you see the likelihood of pull-back. even if you go just slightly deeper and check sedi site average buy-in price of major investors, warrant and option exercise prices (you can do that yourself) you will see that, at today's price you would be "in" well below the point where there would be any potential significant downward pressure from them. technical-wise, numbers-wise, etc., any way i look at it (personal opinion only) i dont see a likelihood of substantial pull-back. could it happen? sure. i just dont see it as the most probable scenario. good luck. i probably shouldn't encourage your type to buy anyways, since - lacking your own research for confidence - you'd likely just-as-quickly dump on lack of information/rationale pdobability="" of="" pullback="" (i.e.,="" gambling="" territory="" if="" you're="" waiting="" on="" that).="" technically-speaking,="" consider="" that="" this="" was="" a="" third="" bounce="" on="" a="" lower="" trend="" line="" since="" mid-oct.,="" and="" also="" a="" positive="" break="" from="" the="" tip="" of="" a="" triangle="" formed="" with="" the="" trend="" line="" drawn="" accross="" peaks="" since="" ipo="" (and="" upper="" line="" that's="" been="" pertinent/respected="" before).="" if="" you="" like,="" you="" could="" discount="" ipo="" day="" and="" draw="" the="" upper="" trend="" line="" with="" less="" slope="" accross="" peaks.="" even="" then,="" though,="" if="" it="" were="" to="" follow="" that="" then="" the="" tip="" of="" the="" new="" triangle="" is="" at="" 0.61="" -="" not="" much="" downside="" speaking="" pure="" technical.="" rsi="" is="" very="" healthy="" (no="" where="" near="" overbought)="" and="" today's="" uptick="" (and="" much="" more)="" is="" overdue="" relative="" to="" other="" cannabis="" sector="" stocks,="" even="" if="" you="" don't="" additionally="" consider="" the="" higher="" kg/ev="" relative="" to="" others.="" that's="" the="" most="" badic="" technicals,="" assuming="" that's="" what="" you're="" into="" -="" i="" don't="" know="" where="" you="" see="" the="" likelihood="" of="" pull-back.="" even="" if="" you="" go="" just="" slightly="" deeper="" and="" check="" sedi="" site="" average="" buy-in="" price="" of="" major="" investors,="" warrant="" and="" option="" exercise="" prices="" (you="" can="" do="" that="" yourself)="" you="" will="" see="" that,="" at="" today's="" price="" you="" would="" be="" "in"="" well="" below="" the="" point="" where="" there="" would="" be="" any="" potential="" significant="" downward="" pressure="" from="" them.="" technical-wise,="" numbers-wise,="" etc.,="" any="" way="" i="" look="" at="" it="" (personal="" opinion="" only)="" i="" dont="" see="" a="" likelihood="" of="" substantial="" pull-back.="" could="" it="" happen?="" sure.="" i="" just="" dont="" see="" it="" as="" the="" most="" probable="" scenario.="" good="" luck.="" i="" probably="" shouldn't="" encourage="" your="" type="" to="" buy="" anyways,="" since="" -="" lacking="" your="" own="" research="" for="" confidence="" -="" you'd="" likely="" just-as-quickly="" dump="" on="" lack="" of="">
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