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Sproutly Canada, Inc.Sproutly Canada, Inc.Sproutly Canada, Inc.

Sproutly Canada, Inc.

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CSE:SPR - Daily equilibrium still in playThe daily range continues to tighten on CSE:SPR as we await the news on their potential beverage partnership. Investors are certainly at the whim of this deal and those who are long hope it's favorable. Bull entries are still possible but be sure to have an exit plan in case the beverage deal does not materialize or is not up to expectations. A bear brake of the higher low pattern could indicate a good point for longs to lock in some profit, but we are optimistic the pattern can break to the upside. I don't normally use the OBV ( On Balance Volume ) indicator, but I decided to check it out and noticed that OBV has already broken the high of the bull move. This is notable and could indicate some serious accumulation. I don't normally use this indicator, but this is a way of reading it as I understand.
CSE:SPRLong
by Level8Trading
CSE:SPR Weekly equilibrium broke bull--Enormous follow throughCongrats to anyone who acted on my previous post on CSE:SPR !!! The company has released a presser stating they are in talks with a beverage company and are optimistic about a deal being concluded within the month of April. This is the highest closing price ever, on HUGE VOLUME, and the all time high is not far away. Can the run continue? Hard to say... Above I am looking at the hourly candles. While it is an extreme run so far, over 100%, hourly support was established three times, most recently today. As long as the hourly higher low pattern continues then the run will go on. When the hourly higher low pattern is lost then daily consolidation will begin and could be a good time for laggards to enter or to scale in to existing positions. I will judge daily consolidation when it happens and asses the health of the pullback. Due to the size of the run, the pullback could be fairly large, but we wont know until it happens. It's hard to gauge what daily consolidation will look like until it happens, and it's possible the news of a probable deal will help keep things bullish without an overly large pullback. I am hoping for a bull flag on the daily, or weekly charts, but will update when things happen.
CSE:SPRLong
by Level8Trading
SRUTF - LONG OVERNIGHT AT 0.3788Long overnight here on a otc afternoon breakout specifically looking at stocks that have broken long term resistance in the afternoon. Must be over 20% gain on the day already and have unusual volume. Last two trade ideas CPRX & NK I was not being specific enough I was looking for anything that had broken out in the morning and the afternoon I will go back and revisit why some trades were more successful, my guess is the time of day the breakout happened
OTC:SRUTFLong
by kiwiktrader
2
CSE:SPR - Huge potential. Are the technicals finally lining up?As the cannabis beverage sector starts to get more attention Sproutly is one to keep your eyes on with their disruptive (likely) process for EXTRACTING naturally water soluble cannabinoids. Their patent pending process doesn't just break down oil based hydrophobic cannabinoids and emulsify them into a wanna-be beverage, they actually EXTRACT the naturally occurring phytochemicals from the plant. This is likely a game changer in the long term. As exciting as the above is, it appears the technicals of the chart are finally lining up for long term entries. I have begun a position at $0.42 with the intent on adding more depending on how the market moves. I have entered on the daily trend change with hopes I also get in under the weekly trend change. I intend to hold for a period of 8-12 months or longer. For me, this is a long term investment that I believe could be a 5x or more. I would never make such an audacious prediction as its nearly impossible to foresee such insane revaluing, but if a company was likely to do such a thing, Sproutly could be one. I have detailed why I think the chart has started shifting favorably. Do your own due diligence before you invest in this company, but I think you'll see the massive potential as I do.
CSE:SPRLong
by Level8Trading
3