Strong fundamentals but hell of an environment
It's been a while but PCLO still has great potential but even greater risk.
If you consider Pharmacielo being dragged in the mud by a sketchy shorter, that cancelled M&A and that class action lawsuit started by money hungry lawyers the company might look like it's in a bad shape. BUT the fundamentals still stand, no CBD is being produced that cheap anywhere else and management is still solid. While CBD is great and can still bring a lot of profits I think the company has to survive until it can produce actual THC cannabis, that's where the real money is. If that company is here in 5 to 10 years that 70 cents stock will be flirting with at least 100 USD (if the USD hasn't depreciated like the Zimbabwean dollar)
I do see a shy adam and eve pattern hinting at a trend reversal, the Bollinger bands are tightening and therefore a big move is to be expected. If you're buying I'd get a TIGHT stop loss with a take profit around 3 USD or just hold that possible gem for a few years and see where it takes you.
Best of luck and happy trading :-)
If you consider Pharmacielo being dragged in the mud by a sketchy shorter, that cancelled M&A and that class action lawsuit started by money hungry lawyers the company might look like it's in a bad shape. BUT the fundamentals still stand, no CBD is being produced that cheap anywhere else and management is still solid. While CBD is great and can still bring a lot of profits I think the company has to survive until it can produce actual THC cannabis, that's where the real money is. If that company is here in 5 to 10 years that 70 cents stock will be flirting with at least 100 USD (if the USD hasn't depreciated like the Zimbabwean dollar)
I do see a shy adam and eve pattern hinting at a trend reversal, the Bollinger bands are tightening and therefore a big move is to be expected. If you're buying I'd get a TIGHT stop loss with a take profit around 3 USD or just hold that possible gem for a few years and see where it takes you.
Best of luck and happy trading :-)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.