Unlikely-Bite

CO2 GRO Technical Analysis: 100% return over next 1-2 months

Long
TSXV:GROW   CO2 GRO INC
Short term we are due for at least a small bounce since we finally have some signs of buying volume increasing. Note the bull volume spikes end of this week as well as back in June before the last uptrend started.

Daily MACD is just about to cross which when combined with stochastics rising out of oversoold indicate a likely uptrend beginning.

$0.15 was a major support and now is acting as significant resistance, a break above this level would 100% confirm the continuation of the megaphone chart pattern up to at least $0.30.

Easy 100% return over next 1-2 months even without any major catalysts, but this company has first revenue coming any week now as well as new research/trials being completed monthly. 8 Million market cap and projected revenue stream for 2019 is $10 million.


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