48North Cannabis Corp. V.NRTH

Primary Symbol: NCNNF

Healthcare Drug Manufacturers - Specialty & Generic

48North Cannabis Corp is a vertically integrated cannabis company. It is focused on the health and wellness market through cultivation and extraction, as well as the creation of authentic brands for consumer-friendly products. Its products are categorized into Bath, Intimacy, Flower, Pre-roll, topical, vapes, concentrates, and accessories. It has two geographical segments: Canada, which is the key revenue driver; and the United States.

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48North Cannabis Corp. > Definitive break of that pesky descending resistance line

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Comment by xelanitramon May 03, 2019 11:33am

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Post# 29706785

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

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

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