48North Cannabis Corp. NCNNF

RE:RE:Correction

[Sunjam]

xelanitram wrote: Again 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.

Don’t be so quick to presume. I do plenty of my own DD and share it but I don’t like navigating the SEDAR site, that’s all... I appreciate your feedback the chart does look healthy. The DMI plus has made an incisive cross over the DMI negative but I liked to see the RSI I stay below 70, on average. If you were a top weeks would also be nice as well but so many profit takers in the sector hard to avoid. Period. Charts are charts though; the company's, portfolio and execution control the compass in the end

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=CA%3Anrth&x=0&y=0&time=7&startdate=1%2F4%2F1999&enddate=9%2F24%2F2016&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=3&maval=10&uf=0&lf=1024&lf2=268435456&lf3=2&type=4&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11.