derekh42

Namaste not looking so hot

TSXV:N   NAMASTE TECHNOLOGIES INC
Namaste has been through the grinder lately. but the biggest thing is namaste failed to get their earnings out Friday and most likely not Monday either. I am suspecting namaste to get halted as earnings will most likely be released in April/May. as they lost confidence in their investors this week. Namaste had to support 0.68 but Friday made a low of 0.66. Next Support at 0.62 and after that it honestly has nothing I saw a bull flag made at 0.53 cents 1-2 years ago with large volume and also at .41 cents. Namaste needs funding badly and this halt if goes through will likely have a sell off Monday but I believe they have strong earnings coming out due to the fact cannmart sales and volumes will be of there as well as 1.2 million in sales worldwide just on boxing day. last quarter they reported around 5million in revenue showing zero growth quarter over quarter which started the snowballing affect past $1.00. I hope everything works out, but best of luck!
.62 cents is broken. there are no clear supports here so If your long and want to average down. (something I would never do) add at .50 and .40. news out saying audit should be done by the end of may 2019.
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