This is a marijuana stock and is showing strength after some consolidation.
There is a Jan 5 catalyst for Georgia runoff election which is looking increasingly positive (for the stock) as Democrats might turn out as the winners. If Democrats win both seats and takes the bigger control of Senate, there will be a much higher chance of Marijuana Opportunity Reinvestment and Expungement (MORE) Act brought up for a vote. The price run up potential can be seen on 1 Dec (0.95+) when MORE act was approaching vote in the House. This time round it may go way higher.
There seem to be good support at around the 0.45 area so you may look to stop loss somewhere below if this doesn't plays out.
There is a Jan 5 catalyst for Georgia runoff election which is looking increasingly positive (for the stock) as Democrats might turn out as the winners. If Democrats win both seats and takes the bigger control of Senate, there will be a much higher chance of Marijuana Opportunity Reinvestment and Expungement (MORE) Act brought up for a vote. The price run up potential can be seen on 1 Dec (0.95+) when MORE act was approaching vote in the House. This time round it may go way higher.
There seem to be good support at around the 0.45 area so you may look to stop loss somewhere below if this doesn't plays out.
Comment:
Democrats senators won Georgia, this stock should continue to run up further today with even better mid-term prospects
Trade closed manually:
Closed for now might repost new entry in near future