One of PSYK's holdings, young industry with a growing addressable market. Big pharma has not only failed to help humans who suffer depression, PTSD, drug abuse, etc. but in some ways made the situation worse. Psychedelics are widely misunderstood and I believe they can offer solutions under proper conditions and in a therapeutic manner. Barriers to entry is...
They keep dropping news every few days and they've been one of the few in this sector that had a positive trend over this past summer, so carefully optimistic if would break the up trend in the next week, but will wait to see a clear breakout signal with increasing daily volume. Do you DD!
Keeping a close eye on CYBIN as it's been progressing nicely since March while the entire market has been pressured down. Will watch for a bounce on the lower trend with increasing volume and MACD reversal before adding more to my position (current position average of 1.36).
US markets are closed, this may get some attention. Insane volume last Friday that drove the price higher. This would be a break out based trade. Im buying a break above 2.50 on a day trade basis, a trade which may turn into a swing trade if volume and movement is favourable.
Watching this stock. Could form a pennent anytime now.