Previously bullish flag successful breakout and run up, business remains vigorous and nothing has change negatively in the fundamentals. Right now in a descending triangle after run-up, possible good entry point around the support level of 2.92-3.00 (historical), fundamentals actually improved due to new license and shop gets approval for reopening.
For personal notes, not professional trading / investing advice
Please leave a thumbs up if you like my analysis
For personal notes, not professional trading / investing advice
Please leave a thumbs up if you like my analysis
Comment:
touching the support level now, if it breaks then trade invalid. Need to be careful of the equity sell-off, might induce impulsive price movements
Comment:
Daily RSI shows close to oversold, Weekly indicates more downside room.
Comment:
we are holding the support well