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OGI bottoming structure?

Long
NASDAQ:OGI   ORGANIGRAM HOLDINGS INC
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5
I've been following Organigram, and the pattern its been putting in since the March lows in the market. I am interpreting this as a possible IH&S. While the daily is shown here, a look at the weekly shows a bullish pinbar at this level where the "head" would be. Price has declined to where the bottom of the shoulders would be. If my hypothesis is correct, we would expect to see it move up and break the neckline around 2.15. Price is moving sideways for now. A decline below 1.41 would invalidate the IH&S hypothesis. Keep an eye on this one. It could also be a megaphone bottom...

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After earnings, the $1.41 level did not hold. I am now looking at the $1.26 level which is a gap fill of the May bottom.

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