Canada as well as multiple states are legalizing magic mushrooms. RedLight Holland is a leader in this space as well as recreational use in the Netherlands. They have made strides with the Canadian government to import magic truffles as well as made waves with Colorado's bill to legalize mushrooms for recreational and medical use. This stock was once valued 5x...
Here's $TRIP again, charts looking good and we havnt been at this support in a while.
A wedging pattern formed and a breakout is imminent.
✅ Bullish Trendline with strong support levels
✅ Near the end of the wedge
✅ Red Flags = Relative Strength Index ( RSI ) divergence shown here
A price entry can be made here ~0.30-0.32 and looking for confirmation(1) at...
TRIP had a major news release today, having its psychedelic products authorized for import to Brazil. The stock has consolidated well and is forming a Double Bottom (bullish biased) pattern on the daily chart. Promotional campaign is under way. I am in at .495.
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Red Light Holland iMicrodose Pack Receives Authorization for the First Legal Import and Sale of...
A nice Cup and Handle forming as we make it towards the end of the week. Perfect timing with the upcoming news release.
Red Light Holland has already made it known that they want to be the forefront in Psychedelics. To date, i've noticed a strong campaign regarding branding and increasing company exposure/ psychedelic acceptance. I do like that Bruce Linton is...
Trip seems to be picking up steam and reversing direction to the upside.
I am in the trade at Avg. price .30
My targets are going to depend on volume and how it moves, 1/3rd at first target and 1/3rd at second target if I think it will reach there, the remainder will be held long or until a confirmed reversal to the down side.
This idea is written from a purely technical perspective and does not consider news and reports in the market about RED LIGHT HOLLAND.
This time I looked at the chart on daily and hourly time frame basis together.
For explanation: ORANGE = daily, BLUE = hourly. Point C (orange) I have moved a little for clarity. The blue C point is the correct one for both ABCD...
Clean break after consolidating in tight range. Not much resistance until .11. Last financing done at .165. Promotion starting this week after CEO's arrival in Netherlands. Favourable macro.
small wedge with bullish divergence making this an appealing play. Max is probably .150 as indicated by the anchor vwap on where bag holders will try to sell.
Red Light Holland Corp. engages in the production and sale of truffles to recreational markets. Its products include microdosing kits and merchandise. The company was founded by Todd Michael Shapiro on September 29, 1982 and is headquartered in Toronto, Canada.
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