HEXO Equities Warrants Exp 2 Apr 2024 T.HEXO.W.A

Healthcare Cannabis

Hexo Corp. is a Canada-based consumer packaged goods cannabis company. The Company is engaged in cultivating, processing, packaging, and distributing cannabis products to serve the cannabis market. The Company serves the Canadian recreational market with a brand portfolio, including HEXO, Redecan, UP Cannabis, Original Stash, 48North, Trail Mix, Bake Sale and Latitude brands, and the medical market under HEXO medical cannabis in Canada and Israel. Its HEXO brand offers a range of flower strains, discreet capsules, and convenient vapes, including the HEXO FLVR lineup of flavor-first vapes, and HEXO Plus high potency flower, exclusive to Quebec. Its brand Namaste is a recreational cannabis brand for mindful consumers.

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HEXO Equities Warrants Exp 2 Apr 2024 > Hexo trading

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Comment by Zaybureon Aug 04, 2021 8:20am

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Post# 33647270

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Hexo trading

It's 8:20 AM on the Eastern coast, and Hexo is scheduled to open lower. Question is: who will show up today in greater numbers, buyers or sellers?

Zaybure wrote:
ALERT: The RSI shows the stock is oversold, and the MACD line could cross its signal line - if it does tomorrow it would also indicate a trend reversal. However the candles for the last three trading days are red, indicating the downward trend continues. So we could be on the cusp of a trend reversal if tomorrow the MACD crosses the signal line and the candlestick is green, with closing price higher than 4.93. Stay tuned. This could be exciting...GLTA

Zaybure wrote:
We are approaching the 4.50 support level faster than I expected. Should that break, the next support level is at 3.20 CAD. Take care. GLTA.

REMINDER: Cdn Markets are closed on Monday.

Zaybure wrote: Red candle closed below the green candle open price on Friday in the closing hours, this means barring major news, the downtrend continues.

Zaybure wrote: Reposting:

EDIT I was hoping this week it would start trading sideways. It didn't. Watchout for the cliff to 4.50 CAD soon. GLTA.

Zaybure wrote: Yesterday's bump (July20) may be attributed to the whole sector being green. For Hexo it's a question of whether the company has attained its goal of raising $150M ATM. I suspect that they haven't, and the selling will continue. Now the next support is 4.50 CAD. Question: will the selling reach its target before that support leveL? If so, we will see the graph move sideways instead of a steep decline, as we have been witnessing in the past months. Hopefully we shall know within the next few weeks. GLTA.

Zaybure wrote: The next support level is at 4.50 CAD. It's unclear what will be the resistance level at this point. GLTA.

Zaybure wrote:
WARNING: The 6.30 support level has been broken.

Zaybure wrote: Last Friday we tested the 6.80 support level a second time. This week will show if we break it or not. Next support is 6.30. After that there is no support until the 4.50 level. It could be a bumpy ride. GLTA.

Zaybure wrote:

Zaybure wrote: In a reverse, 7.80CAD is now the new resistance. The 6.80 level hasn't been tested. Should it be and break, the next support level is 6.35. GLTA

Zaybure wrote: Hexo is in a downtrend. Support is at 7.80 CAD. Should it break this, the next support is at 6.80.