HEXO - Bearish Observation - Support about to be tested for TSX:HEXO by dafster17

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HEXO - With the recent insider selling recently, this is quite bearish to me With everything identified on the chart and significant support looking ot be tapped. If it doesn't hold, it could really move downward.

May 16

Trade closed manually: As expected the bullish observation was correct. Took a nasty little tumble and leveled off.

However, aggressive rebound off of said level off. Excellent double play if you were in.

dafster

HEXO seems to have been pumped. I'm waiting for her to come down, so I can find an entry.

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Barkworth

@Barkworth, I think you just might see it start tumbling if it breaks that support. Everything is looking that way. But the market will do what the markets does.

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dafster17

@dafster17, Yes, don't get me wrong, I wasn't in disagreement with your assessment. Just stating my desire, and realising that she is getting away from me. I'll have to wait for a different time.

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