HMMJ Oversold - Time to Accumulate
Updated
Cannabis is still in the early fases off acceptance and adoption. Wild swings are expected.
I expected this drop, looking at my previous anlyses. For long term holders this is no big deal.
Looking at the RSI on the daily level, it is oversold, also touching the 0.236 FIB level. This is a perfect buying opportunity.
I do see the risk it to go in "extreme oversold" territory. potentially going towards 6.60 for a brief moment.
All in all, for a longer term investement this is a perfect entree.
Big targets, Big Money!
T1: 20
T2: 25
T3: 40
I expected this drop, looking at my previous anlyses. For long term holders this is no big deal.
Looking at the RSI on the daily level, it is oversold, also touching the 0.236 FIB level. This is a perfect buying opportunity.
I do see the risk it to go in "extreme oversold" territory. potentially going towards 6.60 for a brief moment.
All in all, for a longer term investement this is a perfect entree.
Big targets, Big Money!
T1: 20
T2: 25
T3: 40
Note
Extremely oversold.. bottom could be here somewhere.T1: 9 (retest resitence)
Note
Nice entry now, 5.55Note
seems about right so far!Trade active
There is no stopping this stock. Do you have nerves off steel? You need it!
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