LHS - Technical Analysis

Dear Traders,

After a whopping 170% run, Liberty Health Sciences ( LHSIF ), Has started it's retracement, and in my opinion, it's not done retracing just yet.
If you look at the green circle you'll find a perfect entry. a bounce off of the 0.50fib level where the 55 ema and the 200 ema is located. If a bounce off takes place, there is also a chance that the 55 ema crosses the 200 ema which would be very bullish in our case.

What are your thoughts?

NEWS: https://technical420.com/cannabis-articl...

About Liberty Health Sciences Inc:
Liberty Health Sciences Inc . manufactures and distributes medical cannabis. The Company cultivates and markets pharmaceutical grade marijuana. Liberty Health Sciences markets its products in the United States and Canada.
Comment: Price is following what I said before, It should hit the 200 ema
Comment: Price didn't hit the 200 ema but it bounced up on the 0.618 fib level which served as a support level. And it did it's job well! Only one thing is mind when I look at this chart, BULLISH !


Bullish, awesome!!
Agree with you there, still in retracement mode! since LHS and Trul are both predominantly florida based companies, do you find a correlation between movement on these, even though volumes are quite different?

it had a nice runup in aug, but my thoughts are consolidation going on at the moment? do you think that US based companies will react in some way to the cdn rec date of oct 17th? Psychologically, i dont know whether profit taking will happen prior to the date, or we'll see it slowly rise as the date approaches. its slowly approaching 1.20 on the cdn side (currently at 1.28 from an open of 1.36 - a pattern its been having the past few days now)
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