hopefully 50 cent cannabis stock!
so currently we await the fait of this cannabis stock. s if we look at the fib retracement this stock has broken through the majority of support. with possible recession talk on hand, bad earnings, and an exuberant rally of 6,000% in 3 years. its a no brainer this stock need a much need pull back. what we are waiting on now is for it to find support before we decide to buy in. it has already pulled back over 80% its all-time high but we need to see the price at least somewhat stabilize before we decide to buy in. we are going to be between the $1.50 to $2.00 range for a while. which is great for an accumulation phase. but if selling persits and we break the support of $1.50 we could see a drop to the $0.25-$0.50 range. currently we i personally am not buying untill i see some support come in on the prices and we break the lime green resistance line denoted by the white arrow.
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