$HIPH Finds Support After 65% Fib Retracement from 800% 1st Leg
$HIPH Hourly Chart Shows Up Signal Appearance right at Market Close on Friday. The stock has done a 65% Fib Retracement from the 800% high of the first leg. The support level around .035 grew exponentially during the trading day confirming the bottom of the first retracement. Analysis of the candles and chart on the hourly shows this should be support for the next leg up.
The Farm Bill is said to not pass before Sunday however CBD was recently been rescheduled to Schedule 5 therefore nullifying the need for the Farm Bill passing.
In addition there are multiple catalysts coming up for both the company and the MJ market overall.
The company itself has seen more growth in the last year under the new leadership of CEO Ryan Fishoff than it did in the 20 years prior under the previous CEO Albert which was when the company racked up a ton of debt and did several R/S's.
Revenues grew 5,000% in addition the relaunch of Lalpina CBD Hydro infused High PH Water this year.
The first shipments of the water have arrived and the rest should be arriving over the next week, in addition the CEO recently released a PR saying that he is currently looking for four acquisitions, 3 of which will be MJ/CBD/THC related while the other one will be a different sector.
The company currently has 3 different revenue streams coming.
The website will be reworked and the yield sign removal should both be done within the next 2-3 weeks.
The Farm Bill is said to not pass before Sunday however CBD was recently been rescheduled to Schedule 5 therefore nullifying the need for the Farm Bill passing.
In addition there are multiple catalysts coming up for both the company and the MJ market overall.
The company itself has seen more growth in the last year under the new leadership of CEO Ryan Fishoff than it did in the 20 years prior under the previous CEO Albert which was when the company racked up a ton of debt and did several R/S's.
Revenues grew 5,000% in addition the relaunch of Lalpina CBD Hydro infused High PH Water this year.
The first shipments of the water have arrived and the rest should be arriving over the next week, in addition the CEO recently released a PR saying that he is currently looking for four acquisitions, 3 of which will be MJ/CBD/THC related while the other one will be a different sector.
The company currently has 3 different revenue streams coming.
The website will be reworked and the yield sign removal should both be done within the next 2-3 weeks.
