LHS appears to be trading in a Macro descending channel.Since LHS has broken down from a Descending Triangle in May/June 2019, the Dark Blue Line is the floor of the Descending Triangle FYI, we've seen bullish support near the bottom of the red downward sloping channel multiple times, I wouldn't be surprised to see a retest of the bottom channel again before breaking out of the pattern bullishly to the upside.
This chart is done on a five year log scale.
Lhs
LHS breaking point.I've been watching LHS since February and it is quite a well behaved stock, often trading within a range making for quick profits.
As of today my position on LHS is neutral but I do see this company having its time again.
Using the YTD and 6mo time frames, I have diagnosed that LHS could see a potential
They come out with a new dispensary almost every month,
One pitfall I can see is their debt levels but those will be released hopefully this week.
I wouldn't take any position on LHS until their earnings are released.
LHS - Technical AnalysisDear Traders,
After a whopping 170% run, Liberty Health Sciences (LHSIF), Has started it's retracement, and in my opinion, it's not done retracing just yet.
If you look at the green circle you'll find a perfect entry. a bounce off of the 0.50fib level where the 55 ema and the 200 ema is located. If a bounce off takes place, there is also a chance that the 55 ema crosses the 200 ema which would be very bullish in our case.
What are your thoughts?
NEWS: technical420.com
About Liberty Health Sciences Inc:
Liberty Health Sciences Inc. manufactures and distributes medical cannabis. The Company cultivates and markets pharmaceutical grade marijuana. Liberty Health Sciences markets its products in the United States and Canada.
