So, I noticed something about the charts, and on every time frame, I can see certain traits. In this chart the 200ma is way above the candle, the candle formed a very bullish move, the volume was up, the RSI is below thirty and the MACD is descending. I believe that this may be a sign of a rise in price, but....better to test it here, paper trading before I...
- Price broke below previous all time low of 2.85 closing at 2.56
- Next level of resistance at 1.45
- RSI is weak below 40
- No signs of reversal just yet
CSE:SNN After 6 weeks of tightening ranges Sunniva broke bearish on news of a data breach and lawsuit. While this stock has promise based on fundamentals, the chart is not set up very well for low risk entries. Some chances here for a bottom fishing play might be possible but, $5.00 is a key level to close above and hold on a daily basis. Q4 financials are...
After nearly a month long Consolidation following a +80% move off the bottom set christmas eve @$2.85 we have now settled at a 63% gain off the bottom. holding the 9DMA and 50DMA we could now be set for an advance to the 200DMA up near $6. Key support is 4.40, while we have not closed a trading day above $4.75 since Jan 21 which was rejected. A strong close at...
My Take:
We formed an almost perfect "cup" (needing the handle) on the hourly topping at 4.88 on the day with the previous hourly high at 4.89 (double top) before closing lower at 4.76. This ramp could have been part due to the low float and having the equilibrium break up ward as well as the support hold at 4.18, continuation could have also been caused by a...
Jan 9 SNN:
My take: So volume tapered right back today, declining bear volume. We had a big move up with almost 1 million shares in volume in 8 days and we have not had a big rush to take profits, bulls just needed a breather
Todays range was between $5.00 as the high and $4.75 as the low, with low coming at end of day thought there is a discrepancy in close...
My Take: Ideally I think we would see a push up to 4.80 and possibly love 5's on Monday and then consolidate over 2-3 days in mid to low 4's ($4.20 and 50 dma at ~$4.10) before pushing back above 5. The $5 price range is going to take support and conviction, along with a bunch of new buyers as we had the bought deal at $5.27. With psychological resistance at 5,...
Sunniva, Inc. operates as a vertically integrated cannabis company. The firm through its subsidiaries, engages in the provision of products and services to the medical cannabis industry in Canada and California. It also develops streamline data transfer software for physicians, patients, and producers. The company was founded by Anthony F. Holler and Leith Pedersen on August 11, 2014 and is headquartered in Vancouver, Canada.
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