Australian Cannabis Penny Stock:
market looks a little over extended leaning towards overbought. Massive accumulation phase before huge pump cycles. Market is over 200 sma bullish, Retest of 618 fib expected, if successful bounce from 618 support and break threw ichimoku cloud, then enter a long position, marker will be confirmed bullish.
For best entry wait until we retest yellow support trend line.
Good news could easily see us propelled to 0.26+ continuing bullish trend
market looks a little over extended leaning towards overbought. Massive accumulation phase before huge pump cycles. Market is over 200 sma bullish, Retest of 618 fib expected, if successful bounce from 618 support and break threw ichimoku cloud, then enter a long position, marker will be confirmed bullish.
For best entry wait until we retest yellow support trend line.
Good news could easily see us propelled to 0.26+ continuing bullish trend
Comment:
Queensland Bauxite Limited (QBL) owns 55% shareholding in Medical Cannabis Limited (MCL), an Australian leader in the hemp and Cannabis industries.