Support and Resistance for month of OCToberResistnace--$2.44
Support---$2.03
Questions are:
1. Will the daytraders and stree run the stock up to $2.44 before or on Friday, the day of earnings?
2. Do you hold the stock on the day of earnings?
As I said yesterday, it's been my experience that stocks are runnup until the day of earnings, and then sold off. OR the traders/short-term stock holders, believing that earnings will be good, hold the stock on the day of earnings, hold them as the stock pops, then sell their shares when there is a reversal on the chart..
As for myself, I am likely to hold on the day of earnings.
Hexo is a very good stock to own for the long-term... Drop down $1,000 and buy 500 shares...., at the current sp of $2.05, hold the stock, you will likely make a lot of money over the next 10 years on your $1,000 investment
BUY WHEN THERE IS BLOOD ON THE STREET.