isnarain

Bullish reversal Nearing.

Long
TSXV:TBP   None
There's a growing paradigm shift happening between Biotech Pharma and Recreational MJ stocks. Hype associated with MJ stocks leading into the up listing for WEED with priced in legislation for legal MJ will lead to a fundamental change in investor sentiment. My beliefs are stocks like Tetra Bio Pharma are going to begin benefiting from the MJ sectors adjustment. I still believe stocks like Aphria have more long term upside but see a bearish scenario unfolding atm for the short term. The RSI on Tetra is holding steady and reaching a critical point on the RSI, MACD appears to be reversing in the short term which indicates to me a longer term bullish scenario is likely to take place. This to me looks like one of those overlooked stocks that hasn't benefited to its full potential. I see very little downside as there is no reason for further declines. News related to distribution, partnerships and clinical trials have all been positive. Rumor has it a new CEO will be taking the helm shortly, with updated distribution for oils in the very near term (May 31st). It appears to me, people are overlooking TBP.V . I believe this will change with an anticipated slew of News announcements soon after this current lull period, and inline with similar bio pharma stocks in the same predicament.



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