POTN: PotHoldings NetworkReversal trade off market structure
- Sold all on the double because this equity has a history of large retraces after pumps - sell the news event - overwhelming selling started coming in during the later part of the afternoon.
- Fundamentals came out today that they are are to be a SEC reporting company. This was probably know weeks again, as the bottom came in. Sold the news event thinking the last hour would be marked with overwhelming selling pressure.
- The adherence to fibs and GANN's 50% level is to be noted for future levels and movements.
- Weekly S/R levels drawn in purple and daily in green
- Re-enter trades are yet to be filled
- Down in extended hours 4.67% - stopped at BRN (Big Round Number) .10 as this is a tough mental support or resistance level
- If first stop .382 fib, of the whole movement acts as support and volume comes in I'm prepared to scale in off the 50% GANN level from the higher level smaller range
- Neutral leaning bearish right now - short term bearish if at all.
- Outstanding shares concerns me, thinking we could see a reverse spit - this would help with the 'minimum price per share' needed to continue listing on the NSDQ
Cbdbeverage
$HIPH NNW Initiates Full Coverage Zack's and Sierra EquityAmerican Premium Water has been on a roll lately and it looks as if the company might finally be inching closer to breaking out above .20 following a rash of updates. Below are the most recent developments:
Sierra Equity a superbly respected news source revised their target price from .15 to .30
www.marketwatch.com
Zack's Market Research a news source that 90% of the time only features Nasdaq and NYSE stocks began coverage of $HIPH
and lumped it into the beverage category which includes companies like Coca Cola and Dr. Pepper
www.zacks.com
Network News Wire another highly respected news source initiated full coverage of $HIPH today
finance.yahoo.com
$HIPH's Hydro Infused High PH CBD Water has already become the bestseller on the Singleseed.com website in less than a week of being listed:
www.singleseed.com
Based solely on technicals and disregarding all of the above, the charts show a breakout imminent with multiple flags on the daily, hourly and 30min charts with a wedge and strong hold above thread-line.
I anticipate possible .09s today with the next leg beginning in full throttle after a break back above .08
