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HEXO

HEX daily about to break bullish against big resistance. Hex Daily Chart. Hex is looking better than anything in the market currently, due to the PULSECHAIN launch shooting for end of May, investors are buying up all the tokens they can so they can benefit getting another copy of the same coin HEX on the new chain called PULSECHAIN for free...thats essentially doubling your investment but with more upside bc of the cheapest fees in DeFi on the PULSECHAIN. Stake your HEX token and lock it up and receive up-to 40% + the price of the token and other incentives as well. HEX is now above the BULL MARKET SUPPORT BAND meaning it has now crossed officially into a bull market on its own. Watch the price targets listed as we roughly have around 9-20 days estimated for the launch of PLS which could make HEX explode to new all time highs. RSI is looking great.
Long
by bylerzone
3
HEXO, A PATH TO $1 - SELL BEFORE 4/20?I've been watching this stock for awhile now and I think we've finally hit that point where a turnaround happened. Look, Cannabis is going to be a big industry, but it's a matter of how long. Now Hexo has 180 days to climb back over $1 and the question becomes, "can they do it?" From what I've seen in the charts, I feel we might see a pump pretty soon, sometime before april, which will unfortunately allow the stock to drop right around 4/20, giving it a chance to settle around $1 before the 180 days are up. Good news, if you catch the drop right, there might be a chance to ride Hexo back up to around $2.70-$3.00 long term and then close to $5 per share even longer term. Does anyone else still watch this stock or am I the only one?? Let me know if you are seeing another scenario play out in the comments.
HLong
by nicktussing77
4
disaster or massive move must cross back 48500 for massive recover and go for 69k area again the broken support at 45500 a very bearish sign trend been destroyed and we are entering in a downtrend could result in a bear trap if price can cross over 45500 and 48500 if no we may dip bellow 40k and maybe rettest 25k or 20k this look very similar the 2018 crash when bitcoin dropped and marihuana stocks rallied feeling more bearish this time but support and ressitences will tell more drop fail of 41k huge pull back 45500 48500 levels
COINBASE:BTCUSDShort
by Leocryptowizard
Swingtrade examples for breakoutsJust like TXMD, I like Lexicon too. BB is an indicator that even though I don't rely on, but together with RSI -and some other factors and market conditions- it's not a bad idea to consider looking at it. The vertical lines represent the buy and sell moments on this chart, please note where the price was at those points on the Bollinger Band and what value we saw on the RSI. (BTW, I bought at $1.26) So, not a rule oc, (but interesting data we have in front of us) that where with the green fat arrows I was pointing to are the prices at the lower B.band + "oversold" RSI levels, these usually result in a breakout especially if the band is contracted (called the squeeze) and the other way around similarly, when price was at the higher band + "overbought" RSI more likely than not is followed by a correction (price drop). Just an observation of a few decades. *sorry about the typos
NASDAQ:LXRX
by janfoux
finally HEXO may reboundSuch a Quarterly Report >>> here is a good analysis of the recent Merger ( www.youtube.com ) It seems: after 3 Mergers ( HEXO ) is dramatically undervalued >>> $289.6 Million valuation on $126 Million revenue >>> HEXO has 15-17% Market share (in USA/Canada) >>> at today closing price $1.41 >>> HEXO may see $3.25 - $4.72 uptrend (by Dec 31, 2021), if it can clarify some financials following the Merger with REDECAN On the 2021-Q3 Conference Call: it seems like HEXO recent revenue doesn't include Revenue from REDECAN . . . assuming HEXO and REDECAN did 50/50 Merger . . . the next January/March 2022 Quarterly Report may show at-least $210 Million combined revenue (from HEXO + REDECAN) . . . one more thing, on Scotia iTrade ( the current valuation for HEXO is $289.6 Million ) based on ( 206.84 Million Outstanding Shares ) based on ( today Nov 4 closing price of $1.40 ) >>> so my Dec 31, 2021 target price for HEXO is $4.72 per share >>> $4.72 is a price target for 2021, set 12-month ago (on Jan, 2021) by 11 Analysts covering HEXO >>> technically its a very deep bottom >>> Let's be Bullish and give HEXO 330% upside ( by Jan 31, 2021 ) >>> Not an Advice, at $1.40 this Penny Stock has potential
HLong
by SwingTrader-07
small cap growth stock to watch out forHexo is literally a small cap growth stock. The recent drop in share price was understandable because of the 140m offering and securing 360m in debt both of which are being used to acquire Redecan which is an extremely popular LP in Canada from the Q3 financials Under the terms of the Share Purchase Agreement, the $925 million purchase price will be paid to the Redecan shareholders as $400 million of consideration due on closing paid in cash and $525 million of consideration due on closing paid through the issuance of HEXO common shares at an implied price per share of $7.53. Cannabis growth is a complicated and risky market. Something Hexo has shown a keen eye for to capitalize on acquisitions during the springs announcements and buzz around cannabis stocks in general. Hexo continues its aggresive growth in the Canadian sector with footholds into European and US cannabis markets. Redecan adds a strong brand recognition, leading cannabis growth, cultivation and distribution innovation and positive cash flows that Hexo was struggling with. 370M Market Cap is well oversold for what I believe is nearing the bottom of Mark down after distribution from the spring months. I'm not a financial advisor. Not that there is anything wrong with that. This is not financial advice in anyway. Hexo is a value stock with tremendous growth and future but it also presents greater risk. I plan on entering a position when i see signs of the next accumulation phase beginning.
HLong
by SPYvsGME