48North Cannabis Corp. NCNNF

RE:RE:Definitive break of that pesky descending resistance line

[xelanitram]

No momentum trading on my part - just pointing out technical conditions that I'd purport to explain today's movement. There are technical traders out there. This morning signalled a great entry point for such. That descending resistance line has been well-defined and stubborn, and a definitive break of it is on some volume and also corresponds to a re-affirmation of support above 0.85. Technicals serve as a good sanity check and, just like fundamentals, can lend to "group think" effects when enough people follow them. Never should be underestimated