Hexo critical time before dienormally a lot of bad funda happens when they want to decrease price with all energy they can. happened in Tesla and beyonf meat if you remember as well. technically has high chance to reverse to first fibo resistance. but funda can decrease it as well. this triangle is critical to decide. so can help you decide go short or long based on the reactions to it
Hexocorp
HEXO LOOOOOOOONG!At bottom of both fibo channels. also retracement have way passed normalized situation.
Hexo1. Hexo is originally Canadian stock and it is better to check in its original market which is Canadian dollars.
2. More chance to follow green line than red line.
Cannabis Stocks Crash / Lawsuit Against HEXO Corp.A LEADING LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against HEXO Corp. - HEXO
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
(1) HEXO's reported inventory was misstated as the Company was failing to write down or write off obsolete product that no longer had value;
(2) HEXO was engaging in channel-stuffing in order to inflate its revenue figures and meet or exceed revenue guidance provided to investors;
(3) HEXO was cultivating cannabis at its facility in Niagara, Ontario that was not appropriately licensed by Health Canada; and
(4) as a result, HEXO's public statements were materially false and misleading at all relevant times.
When the true details entered the market, the lawsuit claims that investors suffered damages.
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HEXO. ITS TIME TO EAT FAM. BUY NOW, PROFIT LATER.HEXO
Majorly Oversold.
Pot Bubble POPPED.
Bottom is sunken in.
Weak hands shook.
Time for the big daddy's to take a TURBO LONG.
Buy when Blood is in the streets (and we are past a massacre)
There is huge bullish divergence on RSI
This is support zone KNOWN from WAY back.
Sunken GAP that will be filled for T4
This will take few weeks to play out.
Easy Money here.
If you wanna win,
Follow me.
Say less, lets get this bread.
BUY NOW, PROFIT LATER.
________________________
PREMIUM XSR SIGNAL:
Entry: $1.80-$.196
Target 1: $2.25
Target 2: $2.59
Target 3: $3.00
Target 4: $3.58
_______________________
Remember,
"WE DON'T HIT STOP LOSSES, WE HIT TARGETS"
- LL XSR <3
HEXOCORP LONGLooks like a fantastic opportunity. This is not a fundamentally driven trade but does have a fantastic RR and is positioned for a meaningful bounce on the market open. I dont usually trade stocks but because the cryptomarket is experiencing little to no volatility at this time it is a good idea to look into other asset classes in search of this volatility. Im going in.... cant wait for crypto to have some direction again. This lethargy really is enough to gag a maggot.
God Speed,
Mr. Manbearpig
HEXO Potential TurnaroundHEXO may be going through a falling wedge pattern, which has the chance of reversing the trend to an upside. It's reached strong support from its long-term trend, and it looks bullish on the 3-day MACD after crossing back in September. Look for it to breakout above the resistance.
