RSI is trading in what seems like a ascending triangle as well. Interesting.
Hello everyone! I'm fairly new to posting TA and we'll see where this goes. I try to keep my TA simple by using Trend Lines and watching the RSI. One of my coworkers has been raving about HEXO for a few months now. I've been watching and kept telling him HEXO is a on a strong downtrend and I'd buy after HEXO breaks through this downtrend. As of August 8th it...
Phase 2 of legalisation is coming up in december, will there be another rally ? I don't know, but what I know is that TSX:HEXO is looking good with that bullish divergence.
$OGI has held the 200DMA as support the last two trading sessions & on July 15th. Hammer candle was put in on 7/29 followed by a bullish engulfing signal today. OGI current trades at a 10x P/E 2019 revenue and a 3-4x P/E on FY2020 revenue estimates. We see several near-term catalysts for $OGI and feel the stock will benefit immensely once the current industry...
Rumor on the street in Sébastien St. Louis is leaving the sinking ship.
It has high chance to meet log fibo support and 0.5 fibo line at around 5.65 then pull back then fall again to lower fib channel. always look at long history not short histories for example what you see in Robinhood
Keep waiting for a clear MACD reversals if you want to buy. HEXO is testing its support and it's almost oversold... Also, for what it's worth, Hexo got downgaded from Outperform to Perform by Oppenheimer, but analysts are always late to call the shots IMO ... Follow what the trends say!
Hi All, Here's my HEXO analysis. Solely based on Elliott wave and Fibonacci. Please take my analysis with a grain of salt. All my analysis are biased towards a certain direction from my interpretation of a pattern, volume, and other indicators. My Current sentiment is bearish. HEXO seems to be developing a 5 wave impluse to the downside. Showing lower...
higher daily high. 13-14 area looks in range before possible larger pull back $MJ $HMMJ.CA
$7.20 by end of day tomorrow (Thursday, April 25th)