Charlottes Web is showing strength among the weak.
Long trade setup looking very bullish .
Fundamentals and technicals align for a nice trade opportunity.
Indicators have reversed and remained positive.
Good risk reward on long above $17
Wait for a MACD cross possibly to confirm bullish sentiment
COMPANY PROFILE
Charlotte's Web Holdings, Inc. engages in the production and distribution of hemp-based, cannabinoid wellness products. Its products is comprised of tinctures, capsules, topical products, powdered supplements, single-use, beverage, and sport and professional products. The company was founded by Joel Stanley and Jared Stanley in 2013 and is headquartered in Boulder, CO.
Fundamentals and technicals align for a nice trade opportunity.
Indicators have reversed and remained positive.
Good risk reward on long above $17
Wait for a MACD cross possibly to confirm bullish sentiment
COMPANY PROFILE
Charlotte's Web Holdings, Inc. engages in the production and distribution of hemp-based, cannabinoid wellness products. Its products is comprised of tinctures, capsules, topical products, powdered supplements, single-use, beverage, and sport and professional products. The company was founded by Joel Stanley and Jared Stanley in 2013 and is headquartered in Boulder, CO.