Zenabis Global Inc. T.ZENA

new 52 low coming

[pleazu69]

I thought I was being smart waiting to pick up at .10 lol I thought there would be more support down here, but there is still a very strong sell off happening (3million shares could take this down to 0) absolute junk, with no buyers buying (only small retail buyers getting stuck all the way down) I had to dump everything I bought at .10 because a new 52 week low looks like its coming fast according to the chart. I'm in line at 0.05 now see you soon.

[Jimmy713]

"According to the chart" you said ... I guess your chart is out of batteries! You do know that stocks’ trading is NOT for you, right? Get vaccinated and play Bingo instead. Good luck

[mydogchach]

Jimmy713 - (4/20/2021 2:53:58 PM) RE:new 52 low coming pleazu69 wrote:I thought I was being smart waiting to pick up at .10 lol I thought there would be more support down here, but there is still a very strong sell off happening (3million shares could take this down to 0) absolute junk, with no buyers buying (only small retail buyers getting stuck all the way down) I had to dump

[Select55]

Because zena is really hexo the more hexo falls the zena will follow 

[quinlash]

If you think you will be successful in buying at the absolute low, you're kiddig yourself, be prepared for a pull-back, if you think you are selling at the top, be prepared to see the shareprice go beyond where you sold... that's trading.  Do partial buys going in, be prepared to average down, do partial sells on the rise and be prepared to see the shareprice rise above where you

[pleazu69]

Good points  I like it.  I should of kept 33% at .10  bought 33% at .08  and 33% at .05 if it hits I find you can get real close to predicting with charts (80% correct) , but nothings perfect.

[quinlash]

You can start your position at any price you want and load additional buys as low as you like.  If you do a market value buy or a limit buy to a price you are confident will fill you then have a place to work from and can use additional cash to average down if the shareprice falls.  If you load a buy for the purpose of averaging down the SP may very well drop a bit but never fill the

[Jimmy713]

Agreed, Quinlash. However, one should have a realistic target price. Predicting that the share price will go down to 5 cents is not a reasonable target!!! Is he saying Hexo will be trading at $2.80, during Covid crash it did not reach that low.

[quinlash]

There are a million ways to set a price target, most traders just go with their "gut" and wing it, you and I are likely considering the market conditions in 2020, referencing other stocks and then making assessments on sector and stock developments going foward.  As far as I am concerned if someone is looking at Zenabis prices and are confident they will fall then they should go

[pleazu69]

some people who bought at .20 cents would say .10 cents was not a reasonable target

[Jimmy713]

Okay Mr. Chart All cannabis stocks has similar technical chart. So, based on your logic all should visit a 52 weeks low ... Let me ask you on a way, even THE dog would understand. What is your chart saying about SNDL, is it going to reach below 14 cents? Just saying :-)

[quinlash]

....and those who went short at .09 likely did not expect to see .21 and are now hoping for a price less than .09 so that they can buy back their positions.   There are those who try to buy as low as possible for eventual increase in SP and those who load margin on the highs expecting the shareprice to fall.  In all reality we likely have a number of margin positions on the stock

[pleazu69]

some more useful advice @quinlash  ... cheers