RE:RE:RE:chart updateGood observations, Benedictus. With SNN on the OTC, most if not all is retail shareholders. We possibly have some seasoned shorts running it up for you know what: quick gains, knowing no news is imminent. The way the sp stayed dormant without accumulation for a week and then out of left field, it ran up with no news nor catalyst suggests it's being run up only to be smacked down for short sellers to make a quick buck. Just my 2 cents.
Do you know what institutions, if any, own Sunniva on the OTC or CSE? I know institutions don't buy the OTC stocks in general but who knows with this sector. I know even with Canopy before it's listing on the NYSE, was at less than 3% insto owned.
Benedictus wrote: yes, RSI is up there and may indeed suggest a pullback is coming but volume appears to be portending a further runup. Bigger question is do the previously burned sellers dump their stock and swamp buying demand at this resistance zone. Also of note is this is the first P&F buy signal in quite a long time on snn.
FA wise we are aware its still early days yet in seeing all these pieces come together. Really hoping we get some concete info on Q1 expectations during the upcoming Q4 call. If not, I imagine we will definitely sell back down to those areas you're suggesting.