UnknownUnicorn6800523

Delta 9 run up to earnings

Long
TSX:DN   DELTA 9 CANNABIS INC
Last quarter saw pump to 70c then dump back down to low 50s following earnings on a "sell the news" type event. Seems like market makers trying to reduce purchasing power around earnings as earnings continue to blow expectations out of the water. Look for consolidation in wedge pattern for another week before run to 70c. Should consolidate in larger wedge prior to pre earnings run to 85c. Likely dumps off the day following earnings and returns down to 200 day m.a. until next earnings or until convertible debt is satisfied or second wide rally. Seems like its almost ready to start moving as bollinger bands are constricting, RSI just below 50 and turning up, MACD has crossed over and is just below 0 line.
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