H&S pattern for BEV?It appears as though BEV is breaking down from an H&S pattern, the head of the pattern is the red human icon.
On the RSI there's a bearish descending triangle.
On the KST there is a bearish cross where I have placed the red finger point down.
The first price target is 50c.
The second price target is 20c.
Bevcanna claims to have a 210M bottle production capacity but hasn't even tested the public market with a single cannabis beverage offering in Canada.
The facility is in the middle of the B.C woods prone to increasingly dangerous forest fires.
There isn't even a paved road for the winter, it's not an ideal location.
Constant press releases and the company recently issued shares to buy another companies revenues.
Bev grows cannabis & isn't a pure beverage play.
BEV
$HYLN Just Broke a 3 Months ResistanceFrom this point forward, even a consolidation phase (green box) above the previous trendline would confirm trend reversal into 2021.
KGKG: Kona Gold Solutions Inc. CBD Bev TOP CompanyFA: Kona Gold Solutions, Inc. Cancels Preferred Shares and Lowers Number of Authorized Shares $KGKG seekingalpha.com
FA: Annual Financials for Kona Gold Solutions Inc.https://www.marketwatch.com/investing/stock/kgkg/financials
- they are forecasting a for by next quarter 2019
I'm very long KGKG; this company will be acquired. It is only a matter of time, bar some unforeseeable event. They are connected to VATE as well. I am long VATE too, but have a lower risk positions. Not advice - just my opinion.
