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 and the 200 is located. If a bounce off takes place, there is also a chance that the 55 crosses the 200 which would be very in our case.
What are your thoughts?
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.
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)