After Bouncing round on it's bottom for a little over 11 years, SEEL broke above the 21 MA, and formed a bullish flag, along with a golden cross.
This has happened before in the past, but I think SEEL was before it's time. The US now has a new administration, and it's pro for a few things. Some most people would know is cannabis, but there's also another emerging market right behind it, the psychedelic market - valued at 6.8B right now.
Bullish Case:
-Oversold
-Underbought
-Higher-Low
-Golden cross on MA's
-Good news
-Support from new administration
-Fundamentals improving (technology)
Bear Case:
-Breaks to the downside to the 200MA (potential to buy the dip)
-Fall further down to the floor of the previous lower-low
-Loose an amount you can afford to loose
This has happened before in the past, but I think SEEL was before it's time. The US now has a new administration, and it's pro for a few things. Some most people would know is cannabis, but there's also another emerging market right behind it, the psychedelic market - valued at 6.8B right now.
Bullish Case:
-Oversold
-Underbought
-Higher-Low
-Golden cross on MA's
-Good news
-Support from new administration
-Fundamentals improving (technology)
Bear Case:
-Breaks to the downside to the 200MA (potential to buy the dip)
-Fall further down to the floor of the previous lower-low
-Loose an amount you can afford to loose