Reversal trade off market structure
- Sold all on the double because this equity has a history of large retraces after pumps - sell the news event - overwhelming selling started coming in during the later part of the afternoon.
- Fundamentals came out today that they are are to be a SEC reporting company. This was probably know weeks again, as the bottom came in....
Description
PotNetwork Holdings, Inc, through its subsidiary, First Capital Venture Co., engages in the research, development, and sale of hemp-derived CBD oil products. It also engages in the pre-owned auto dealership business. The company sells its products through distributors and resellers, as well as through its Website. The company was formerly known as SND...
First day of legal sales in Canada is Oct 17 (AFAIK) so comparing to the first day of legal sales in Colordo (1 Jan 2014) is a good idea.
Green line here shows the week of legal sales. Price ran up into it (similar to the action we're seeing in CANNMJ now ) and it didn't stop once sales started.
This is for all the bears in the Canadian MJ space. Watch...
PotNetwork Holdings Inc. operates in the Marijuana market. The Company operates through its two wholly owned subsidiaries, Sunrise Auto Mall Inc. and First Capital Venture Co. and its wholly owned subsidiary Diamond CBD Inc. Sunrise Auto Mall, Inc. is a pre-owned auto dealership, which enables people challenged with bad or no credit in securing quality transportation while simultaneously rebuilding the client's credit. The Company, through Diamond CBD Inc., focuses on the research and development of premium hemp extracts. Through the formulation of hemp derived Cannabidiol (CBD) extracts that contain a broad profile of cannabinoids and other natural hemp derived molecules, it develops a selection of Industrial Hemp-derived Diamond CBD oils, which is considered as a natural CBD E-Liquids on the market.
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