OGI trading at the lowAfter lousy earnings were anounced, which means stock could break below this floor and test all-time low of $1.54 today, tomorrow, next week...
$16 million in revenue for a quarter is brutal..
I hope to buy in at the all-time low or lower before next earnings...
Buying the stock now is huge gamble...The weekly low is right at the bottom----$1.71.
And, OGI has been on a down trend for the past eight weeks.
According to Dow theory, a trend continues until something reverses it, such as bullish news.
Bears are in control.
We have a falling knife on the weekly candlestick chart!!!