PotNetwork Holdings (USA: $POTN) Rising From The Dead! 💀PotNetwork Holdings, Inc., through its subsidiaries, engages in the development and sale of hemp-derived cannabidiol (CBD) oil products. It offers flavored and unflavored oils; vaping pens and additives; edibles, such as chewable gummies and lollipops; capsules; beverage energy/relaxation shots; topical application creams in various concentrations; dog and cat wellness products in various dosages and delivery formats; skin care, bath, and body products; and hemp flowers. The company provides its products under various brands, including Diamond CBD, Chill, Relax, MediPets, and Meds BioTech, as well as various other brands. It sells its products through distributors and resellers, as well as through its Website. The company is based in Fort Lauderdale, Florida.
POTN
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
