Or possibly a descending triangle, only time will tell.
This recent move was likely an insider privy to information about a company N is invested in, "Choklat" receiving a processing licence. BUY the rumor & SELL the news, next week is the best time to exit this trade before there's even further capitulation to the 18c & 13.5c range.
In the grand scheme of...
After the recent short report we've seen some very serious downward pressure, and rightfully so, IMO...
Any cannabis company related to fraud & corruption in this CantTrust environment is a Huge Red Flag..
There's nothing propitiatory about opening a bunch of dispensaries & growing grass, so the market cap here is out of touch with reality by a factor of roughly...
Bulls get Money, Bears get Money, and PIGs get...……………………
Oh wait, this is Beyond Meat, no swine up in this motha sucka!
I see one or two "pumps" left before a deep dive down into the p&d abyss.
Time will tell per usual.
Linked to this post is a 5 day time frame which indicates a top is near with this H&S pattern.
Maybe one or two pumps left & then a deep dive down into the bre-x abyss!
