Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Bullboard - Stock Discussion Forum Newstrike Brands Ltd NWKRF

"Newstrike Brands Ltd is a licensed producer and cultivator of medical cannabis based in Brantford, Ontario. The company cultivates and sells both forms including dried and fresh marihuana."

OTCPK:NWKRF - Post Discussion

Newstrike Brands Ltd > Bull flag
View:
Post by Jabookie75 on Aug 31, 2018 12:20pm

Bull flag

Pretty clear by the chart that a bull flag is forming as volume drops off.  This is good to see and consolidation of the recent uptick is postive.  We have clear resistance at the 200SMA around 0.85 and I would estimate support to be somewhere around 0.70. 

I imagine this breaks one way or the other next week.  If we dip below 0.70, I will stop out (bought at 0.51) but I sure hope we don't.  I would really like to see a move on volume back towards the 0.85 resistance.

I don't expect anything today and will likely close 0.76/0.77.  GLTA.
Comment by thebiz on Aug 31, 2018 12:38pm
If this is true length of the pole looks to be about $0.22 or 1.4%. Could see this increase next week brining HIP to $0.99 or within $1.00. Strike price for HIP A on the horizon!!!!!
Comment by itsallgame on Aug 31, 2018 12:50pm
$$$$ in September, lots of $$$$
Comment by Charlie_Chan on Aug 31, 2018 12:50pm
The Bull is eager but can't seem to gain traction today!
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities