The psychedelic market is very young and with this ticket anyone that has bought this stock from may 20th to june 16 must be hurting right now due to this very strong down trend.
Now why do I think the bottom is starting to set in? First we have just filled the gap from may 20th and we can see some bullish divergence starting to set in. Of course with the historical low volume this may be quite unpredictable , but worth to start taking a nibble if you are bullish in this sector.
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starting to look like a ihns is forming. RSI looks promising aswell with the bullish divergence.
Been noticing now that there's a good chance of a bottom, also macd RSI and SAR are all looking more positive. Low amount of action, we'll see when it picks up momentum. I noticed new sectors like this tend to move as one