We have a falling knife.... As indicated by the daily candlestick charts.
Hexo continues to show lower highs and lower lows on the daily time frame.
The stock price has dropped nearly 50% since topping out at $1.73...So now we have a bearish reversal...
Pumpers and bagholders were expecting a continuation of the bullish trend...
The question is: where is the swing low---end of falling knife?
There is the psychological share price of $1.00, and another major support at .87 cents, which marked the beginning of the uptrend.
Where is the entry point? Either when we swing high or averaging down----buying shares as Hexo tanks...