Watch the RSIJust about every pot stock is down significantly today and It's a continuation of yesterday. There are a few articles out there right now that are not so positive on pot stocks. Also, these stocks have gone up way too much, too fast so now its a healthy retraction. Nothing goes strait up and I'm now seeing a pullback and an eventual opportunity to buy back into this stock.
When I last sold a majority of my non-core position the RSI was over 80 which was way overbought. It's now below 60 and if you follow the trends, when it gets below 40, it may be time to buy. As I previously stated a possible good re-entry point may be after the Q3 financials on Feb. 14. I also previously estimated a revenue of $90 million based on their Q2 inventory numbers.
One of the RSI charts I follow is below. Click on "Inspect" and you will get much more detail.
https://stockcharts.com/h-sc/ui?s=WEED.TO