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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....
POTN LOOKS TO BE BOTTOMED OUT NOW!! NOW LETS RIDE IT UP!! BOOM SHAKA LAKA
POTN seems to have put a bottom in, it could lose the trend line / weekly 200 MA support and retrace back to the ~$0.07 range. Just for research
News hitting the tape, chart primed and ready for another pump
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...
Good longterm potential. Needs to drop more.
this stock has been dormant for sum time now but its at .53cents and its on the move
Possible long with the bounce off support for POTN.