NBEV was caught up in the Cannabis hype and is another overvalued stock. Trend diverge with oscillator, and I believe the entire Cannabis market is under pressure. I definitely think it could bounce another time, but I see it going down sharply.
IGC is another cannabis stock that soared way too fast based on no tangible numbers. The Cannabis market will be a big market for sure. But the energy beverage sector is extremely competitive; we would have to see how the "Nitro G" can compete before the stock soars 1000% in a couple days. This is definitely the pumping phase, and it will come down.
Expecting a complex pullback. We will see how people react once price is in the pullback area.
Goes completely against my rules, but with the way this sector is moving, and considering how much money people have made off IGC and NBEV, this thing has a high chance of following through tomorrow. Also, this stock only has 7 million in the float. Also, a big seller cashed out!!!!!!!! I haven't had time to check warrants, but judging from the price last...
Let’s be real here. This 1hr timeframe I wouldn’t be surprised if it dropped back after people realize 8k has been released about the drink. 3$ if that. All based off a PRess release for cbd drinks Market manipulation in my opinion.
Look at the stochastic it’s over 70 and the sma is back at 2.50 Shorts are fomo Monday will retract No major catalyst Just red flags I’d sell partial if you got in yesterday or when I was lower