AleksandrXI

NUGS -50% downside

Short
OTC:NUGS   Cannabis Strategic Ventures
NUGS is a penny stock that has recently had a massive run and is now trading within a very tight channel. I believe that this channel will break due to hitting a major resistance zone and a lack of volume. If it falls 50% it will be within a major support zone and would be a good buying opportunity with a good R/R ratio.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.