I see two possible scenarios. One is it goes to .01 from here. If this happens there will be a slight price correction and then a jump. The other is that it goes to .0080 then up. Either option seems good to me. Good luck!
Looking for a breakout above $0.60, then up to $1 from there. OWCP is currently trading within the purple channel and against the curved line as support. It should break out above the channel before the end of January 2018. Lots of things happening with this company. 2018 Marijuana Rush is here.
The stock is in a short term consolidation stage. It bottomed at the end of September-17 and has been trending up in steps and has demonstrated resilience. In Q1-2018 the company is expected to announce results related to its CanaPsor014 which can propel the stock to the $2 - $3 range.
Psoriasis (Skin Disease)
• Preclinical “Dead Sea Study” showed up to 70%...
ANNUAL REPORT CLARIFICATION FOR SHAREHOLDERS:
Page 5: Don't get confused by the OWCP already done Psoriasis study (where efficacy results are imminent) and next deeper and extended studies planned from April: "On February 1, 2017, following the very encouraging results that have been achieved at the mid-point of the Study, the Company determined to extend...
I was in on the initial run .0030 - .10 bought and sold from .10 - $3.00 bought and sold (both times sold too early) and now .50 - $5.00 Here's why:
PROVISIONAL PATENTS TAKE ABOUT 8-12 MONTHS TO GET TURNED INTO APPROVED PATENTS.
Here's the list of $OWCP Patents:
While many fans of marijuana stocks are pointing towards an upward move, i am sure that this stock has reached it's peak for a long time now. The chart shows a lot of stagnation and resistance near 0.70 and the stock could dip lower anytime now.
Many factors point towards a red flag:
1) This company is based overseas, and conducts research overseas, meaning...
OWCP is spiking after the release of his annual letter to the Company's shareholders, presenting their goals and objective for the upcoming 2017. Now there is a strong rejection, i'm expecting a deeper correction.
check out the security OWCP looking to match GWPH and recently featured on Blooms-berg to the beginning of sales of there psoriasis cream and mmj tablets to be distributed in the U.K and the U.S on new states as well.