koreyswinamer

Namaste getting ready for a rip?

TSXV:N   NAMASTE TECHNOLOGIES INC
This stock is in a squeeze. My guess is it does not stay at this level for much longer. Not sure which way it will go, lets wait and see!
Aug 23
Comment: Looks like its going bullish. Will be interesting to see how far it goes. I see strong resistance here and at 2.50.
Sep 05
Trade closed: target reached: Well done to those who rode this train.
not sure if i should jump off or ride it out longer?
Reply
koreyswinamer Teamtailor
@Teamtailor, Good question. Lots of momentum in the MJ sector right now and Namaste is unique in this space. Ask yourself why you entered the trade. If it was a long term investment than hold but if it was a short term trade and it reached your target I would say execute your plan. There will be pullbacks and you can sell at $3 and buy back at $2. Also, look at the December 2017 time frame as a guide to what has happened and compare that to now. Some similarities. I sold all mine (scaled out) but re-entered on dips so I am playing it short term with a very small position long term. Best of luck!
Reply
Teamtailor koreyswinamer
@koreyswinamer, Thank you for the insight. I got in really low. So im gonna ride the train to legalisation.
+1 Reply
koreyswinamer Teamtailor
@Teamtailor, FYI, Namaste announced a bought deal at $3.00. This is not good for the stock price. Protect your capital as your risk tolerance allows. Good luck!
Reply
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